For a long time we are in the growth phase, I think a rollback to the support zone 8000-8200 would have been quite logical, we did not check the strong support and a set of new positions for a long time that would have no problem to pour the upper zone 10000-10500
We all probably heard that this year institutional investors will come to the market, as for me I think they will not buy bitcoins at current prices, their task is to press the market to buy it at cheap prices and form a new higher growth cycle. On the daily chart, I see such a bearish symmetrical triangle pattern, I think all the expeditions are manipulative,...
The growth phase continues, but on large timeframes you can notice a strong overheating. Growth without correction does not happen. You can see the formation of a wedge, which often works down.
Appears to be backing up a little but still rising
Bitcoin Update - Where're you going mate ! This's possible scenario , & as i said before ( Unless we hear a good news ) good luck !
Technical analysis: BITCOIN/TETHER is in a Range bound and Beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 59. Trading suggestion: There is possibility of temporary retracement to suggested support zone (7875 to 6048), if so, traders can set orders based on Price Action and expect to...
Big bearish wedge in which we are Test 8300 and go correction 7400
1. Bid (Demand) X Offer (Availability) The bid price is the highest publicized price a buyer is posting an order to buy at. The offer price is the lowest advertised price a seller is posting an order to sell at. 2. A trader can choose to buy at the ask price, or sell to the bid price. This will create an instant transaction. 3. A trader may also choose to put...
Risk: Medium Please be advised that this is only an idea, so you are responsible for any losses yourself. Never put more than 2-4% of your account in one trade. ************** This is only an update of my previous BTC 0.65% ideas, please find the original ideas related ******************* Give this idea a like to see more strategies like this on...
Bitcoin can countinue go up with Support XABCD Pattern and MACD MACD verystrong Which will push BTC comeback again Hope Market will Better with our. Thanks
Volume is building up. We can see nice resistance at 0.618 fib level. First target at 0.382 fib then we might expect a quick dump before further movement. I will make more specific chart with bigger time frame if we reach 0.236 fib level.
We can see the retest of zone 8200-8400 with the subsequent decrease to 7500
Slightly overheated, after the rapid growth would not prevent the correction to 7800 for a set of new positions with a subsequent exit to 9000
Bull wedge with a possible exit to 61.8 Fibonacci level
I have spotted fractals here. They look similar, and it could end wiping your wallets off. It’s just an idea. Trade at your own risk. I’m not responsible of your actions. Good day and good trading. ;)