BTC/USD (Bullish Continuation Pattern?)BTC/USD
-bullish rejection at moving averages support
-our new immediate support is at 9.1k
-current pattern forming is a symmetrical triangle
-the market trend is still up
-if this is a continuation pattern
-we have a higher chance of breaking to the upside
-our upside initial target is 10.5k
-the trading strategy is entering a Long
-if we see a break of the pattern to the upside
-stoploss is set 9.5k
-market sentiment is bullish
Blxusdt
BTC/USD (Uptrend Continues?)BTC/USD
-a strong push from low 8ks to 10k
-CME gap is now filled
-for the bullish scenario
-must hold above 50ma or 9.1ks support
-a little pullback and break higher to 10k mark
-if this scenario plays out
-we will see 10.5k retest again or even higher
-for the bearish side
-closing below immediate support
-will lead to potential H&S pattern
-today, market sentiment is bullish
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
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 (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