BTC/USD (Potential Push Up?)BTC/USD
-the market structure on the daily remains bullish
-holding above the 20MA and 200MA as support
-upward trendline support still intact
-we have not made a lower high and clear lower low yet
-there is a chance we could see a bounce up
-to the fill the CME gap up to 10k
-if we get the 10k gap but failed to break above
-and drop below trendline support
-daily structure will turn into a bearish market
-yesterday candle closes green
-the technical view is bullish to slight bearish
Blxusd
BTC/USD (Holding Critical Trendline Support)BTC/USD
-the price top out at 10k
-bounces off the trendline support
-holding on the lower support area
-watch out for the CME gap up to 10k
-beware for short entries
-if you are looking for a short position
-wait for the break of ascending trendline
-technically, the priority remains to the upside
-as the structure still valid
BTC/USD (1 Last Chance for the Bulls?)BTC/USD
-false breakout yesterday
-but still manages to hold current support levels
-must not break local support at 8.8ks
-KS CROSS Ultimate Indicator still acting as support
-no major red flag on the indicator yet
-last Long signal was triggered on the 23rd of April
-technically, the priority remains to the upside
BTC/USD (Bullish Weekly Pattern?)BTC/USD
-weekly candle must close bullish
-must hold immediate support at 8ks
-must keep trading above 20ma
-if failed to break downward resist line
-must consolidate and challenge to break higher
-next upside target is key resist area at 10.5ks
-no major red flag on the weekly
-we might expect minor consolidation for few days
-priority is to the upside
BTC/USD (Failed Breakout?)BTC/USD
-Bitcoin is back inside the sideways channel
-Failed to break key resistance at 7725s
-Must hold immediate support at 7550s
-If the current price level will hold
-BTC may retest the High at 7700s
-Bearish side, if 7500s fail
-Our next support is at 7380s
-Market sentiment is Bullish to slight Bearish
BTC/USD (Bullish Breakout: 8100s next target?)BTC/USD
-Broke key trendline resistance
-Bullish closed above 7400s
-New immediate support is set around 7300s
-Priority is now to the upside
-Next key sell target is at 8100s
-We need to see further follow-through
-To confirm stronger present from the Bulls
BTC/USD (Bulls Holding Critical Support)BTC/USD
-Bitcoin is holding above 50MA for the 2nd day
-Must close daily candle above 50MA & 20MA
-Ascending trendline support keeps the bulls alive
-If BTC can hold current price levels for the next few days
-There is a chance we could see a minor rally to test 7.2k
-Bearish scenario if the price closes below trendline support
-A drop down to 5.8k is likely to happen
BTC/USD (Last Chance For the Bulls?)BTC/USD
-Bitcoin failed to hold 7k dollars
-a retest of 200MA on the 4H chart
-floating above the ascending trendline of support
-RSI level is below 50 which is a bearish zone
-Last for the bulls is to keep the current price level at 6.8k
-if trendline support and 200MA break
-we could see BTC drop to 6.2k-5.8k
BTC/USD (Bullish descending channel?)BTC/USD
-Bitcoin failed to break downward trendline resistance
-but manages to trade inside this bullish descending channel
-200MA is acting as dynamic support on a 4H chart
-technically, Bitcoin is on a 4H downtrend
-key immediate support must hold is the 6400 area
-if current price failed, next key support is at 6200 zone
-trading inside this channel is shorting the top and longing the bottom
-using tight stoploss on every trade
-as long as the price remains inside this channel, trading is choppy