short positionyou see it but careful
1 week candle well close under 3K channel
i think price well go down around 8400
then go test to 9K
Bitcion
💥 If You not short-time trader, this post for you 💥 Hello-hello, my dear friends!💓💓💓
😉Glad to see you today!
I would like to share my thoughts with you: if you're not a scalper or a short-term trader, let's look at the hourly ⏳ chart and add some history :))
We can see, that we're in an uptrend now .☝🏻
And when in the whole district many guys shout, that we are falling at 6k or at 4k or 2k.😱😱😱 So let's turn off emotions and turn on our brain🧠 (funny said🤣🤣)
I spend days looking at bitcoin charts from all sides in all time-frames🧐🧐
I really liked the vision of @ArShevelev and his latest Bitcoin chart. (I advise you to take a look 📊). Yes, most likely we're in the distribution zone.
And yes, maybe we'll fall below. But you must be prepared for this. ❗❗❗
That's will be a movement within the trend. That's doesn't mean, that we are flying down to bottom at 3k. NO!🙅🏻♀️
It means, that either you must sit still or fix your position. And do not enter the long position!
Even if the price drops to 8,600, globally that's wouldn't change anything.☝🏻 The trend will still remain USCENDING.
Fuf, that's all I wanted to tell you, thanks for your attention.💓💓💓
Stay with me💋
YOUR ROCKET BOMB🚀💣
Bitcoin and Fibonacci Levels🧐Hi, friends.❤❤❤
Bitcoin neatly moves up to the intended resistance level (you can see my previous idea, link below👇🏻👇🏻👇🏻).
While the price moving, we can check how the Fibo grid works)💪🏻
This will be especially interesting for a beginner, because you read, probably my recent post about Fibonacci levels (if not, here's a link 👇🏻👇🏻👇🏻)
🧐What say Could you use it? Do you find this informative?
Write me in the comments✍🏻
Stay with me in touch💋
Your Rocket Bomb🚀💣
Bitcoin pull backsNow watching on the sidelines is crazy what happen shooting just shy of 9563 now atm it look like a head and shoulders pattern. It only took 2k btc to dump the price past two major volume candles during the pump, which shows weakness in the orderbook. Dow is open down and so I suspect a pullback in Bitcoin so going short might be a good idea and just watch the chart and take profit when you want. Dont get greedy
TA
MACD is bearish, but could turn bullish if we go sideways
RSI is sideways more overbought
Voume is dropping
Also stoplost would be 8904 give or take with a high of 8991 if it wicks up
Parallel Channel proved its important, Bitcoin Kinnari_PrajapatiHello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance.
Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page)
The breakdown point is important for long traders. I will update the new trend after breaking the breakdown. A trader can by BTCUSD at value.
=> In the last posted idea, many traders were asking "to buy bitcoin" and my replied w as:
Buy Bitcoin at gravitation line and at the value low. This bounce is exactly from Value low.
The next move projected on the chart.
--------------------------------------------------------------------------
"" WEEKLY CHART ""
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This is " Price Action with Volume theory".
PART (i):
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined . 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout, we are seeing a single directional move.
If we are at CONGESTION phase , we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases.
PART (ii):
Patterns are on the chart:-
Similarity showed by a Black circle .
Following patterns has been detected-:
initiative movie
two triangles
rounded move with low volume
tails (while u-turn )
Bitcoin is trading in Up-Wave .
PERFORMANCE Of Bitcoin link:
BTC -3,19 % to 7261 with 50% Gann Rule50% Gann Rule: This rule tells us that a market can retrace a movement in half the time,
for example if a market takes 300 days to go from $100 to $0, it may take 150 days to return to $50.
Bitcoin $140k by the end of the yearGuys, yes it is very optimistic, but this is the most likely scenario considering the global economic and transformational phase.
Bitcoin fight between bears & bullsIt was a crazy weekend. Whales moving huge amounts of cash from exchanges and on exchanges. Nobody really knew what will happen.
Also it was the first time, BTC didn't adjust to stock market % of gains / losees. That correlation was quite funny last few weeks, if Markets closed with -7%, also Bitcoin did. firstly it moved up, and in the end Bitcoin always adjusted to the main markets.
What we want to see? Correlation between those markets. To see if Bitcoin is actually capable of going in it's own direction, or it is totally dependend of what big brothers do.
What could surprise us? All the world is in fear about covid & economic crysis. But we are forgetting that China is almost over with that pandemic crysis and they could start the economy really fast.
And what is the best way to F**K with Americans? To buy all shares and Bitcoins by discounted prices. It can happen, and it can happen so fast, that nobody will realise what happend.
Stay safe, wash your hands & think about few moves in advance :)
Bitcoin Cycle Low and Yearly CycleI believe we now have a cycle low. I'm long and accumulating with stop at the recent low. If that fails I will look for the 200 MA area and add on the daily reversal candle.
At this point, we have a right translated cycle and recovered the major MA's. So I plan to continue to build on cycle low dips and will generally look for a right translated yearly cycle to top sometime between July and September and it will be difficult right now to determine the exact timing.
As long as we have right translated cycles and stay above the major MA's I will be in long and bullish for 2020.
Review on BitcoinHello!!!
I expect a decline to the area of 9550-9600. After that, most likely, we will go to 10,000-10,200.
Lower Highs and Higher LowsThis is just me noticing similarities and providing a larger perspective. I believe in the stock to flow model so could see something like this taking place. I could also see us holding at a much higher bottom then under 6k because of different areas of the world having more awareness and access to Bitcoin.
BTC/USD TA Update (Long Term View)BTC/USD
Bitcoin's weekly chart is bullish after the price broke outside the descending channel pattern and holding above 50W MA.
BTC has now established strong base support at 0.618 golden Fib levels which coincide with multiple indicators,
price action and key trend-line which help Bitcoin pushed to a higher 9000 range. If BTC can hold this key support area for the next 2-3 months,
there is likely a high chance this bullish pattern will break to the upside by mid-2020.
BTC/USD TA Update (Bounces at 0.5 Fib level?)BTC/USD - Quick Update
Bitcoin perfectly bounces off at 0.5 Fib level and the price retest the upward trend-line support and is now acting as resistance.
If Bitcoin fails to get above 8150 and hold it, there is a high probable failure and come back down to retest the key support at 7700 regions.
Areas we will be watching for a bullish move is from 7900 - 7700 levels must hold. Traders who are in Long positions will have their stop-loss under the 7660 area.
BTC/USD TA Update (Two Bullish Pattern Confirmed)BTC/USD
Bitcoin pierced through the resistance like it was never there all along. This breakout is followed by two bullish buying volume confirming bulls present is strong.
The RSI hits 76 levels, a potential cool-down for the price is likely possible within 24 hours. It is also healthy to retest the previous resistance to turn into new support for Bitcoin.
This is a beautiful combination pattern of Inverse Head & Shoulder plus a bullish descending channel of the right shoulder.
Bitcoin trying to reach the 8000 ?There's a nice LONG scenario, but give the price some space to pullback a few pips and wait to break the resistance marked up to start looking for long entries
Riding on the H&S patternMorning guys,
Hope you're well after the Holidays. So - our AB-CD downside retracement to 6.9K area is done, giving us "222" Buy on 4H chart, which is actually
a part of daily H&S pattern.
Currently our task is clear - 6.9K is a bottom of the right arm and BTC has to hold it - to keep bullish scenario valid. Thus, if you have taken long position at 6.9K - now you could move stop to breakeven and watch the movie. Based on H&S our target is 8.3-8.4K area - near major daily 5/8 Fib resistance level.
If you have missed long entry - today you could consider 7.1K 1H support area to do this.
Conversely, if H&S will fail - it means big failure of bullish context on daily/weekly basis and downside continuation, somewhere in 4K area.
But our sentiment analysis of the market tells that chances on this scenario are not very high...
Detailed analysis you could watch in the video on our website.
Bitcoin trying to stay on the 7000 If the price get to break the 800 Ema we could see price rising till 7433.00 witch is a clear resistance on the 15 min TF
So it might pull back a little bit before breaking it to then get inside that B area marked up on the chart
BTC/USD TA Update (7600 - 7800 Target?)BTC/USD
Just a quick BTC update, if the 4hr candle closes above 200 MA, I see potential upside up to the 7600 -7800 regions before another pullback.
