Keep eye on Bitcoin major resistance here $38500 $40000 Both are Big zones to breakout
Rejected on weekly RSI support so far. This doesn't mean bitcoin can't range for a while, but this is a strong indication more time is needed to continue moving up.
ICP has arguably been one of the biggest losers of the past few months. Since it's inception on Binance, this token has practically only been trading down. However, there might be some kind of relief rally coming to us in the near future. With BTC appearing slightly bullish and Stocks rebounding strongly, ICP might see more bullish price action coming to...
If you've followed my XTZ trades over the past couple of months, you've seen this huge bullish channel before. Well, it seems we've got another bullish channel bounce at our hands. With BTC showing slight bullishness, and stocks reversing strongly, I'm anticipating more bullish price action for XTZ. Targets placed at recent tops. Happy trading!
I always prefer going long on BTC trades apposed to taking shorts, but this looks like a decent set up so I am taking a small short term short right now. Definitely high risk so I am keeping my size down.
GM. Still looking at $BTC/$USD holdin' $37.3k. Looking decent so far. Also, RSI trying to break the downtrend it has been in since OCT 21'. Added $34.7k as another area of potential support from initial drop if $37.3k breaks. Note all of the blue deviation areas on the chart, too. Green box is the ultimate make or break. Leaning bull, as always.
Seems btc is heading down, watch the channel and the possible move down, Short position, futures.
Hello Everyone. Many of you are aware that I am a fan of Elliott Wave Theory. Although I use various conventional tools, I always incorporate EW to point me in the right direction. I have highlighted my belief that BTC is in a regular flat correction in past posts. This simple correction can be found either at Wave two or wave 4. Considering that wave 2 of this...
Looking for a run above last weeks high to take out any weak hand sellers and run back into the htf demand level i have marked around 35k which was the last down move before the upmove. Once price trades into that zone i will be looking for buys to hold for the weekly bull move making a new expansion towards 40k. I am bullish this week but first price must shake...
HNT has been one of my favorite alts since the summer-21 bear market. Since the start of 2021, this token has been following a clear up-trending trend line. My assumption is that this trend line will offer huge support in case the price will drop further. So, in case the price will drop, I'm expecting the price to find support around the yellow marked area....
Top of the Mornin' ! Relying on the behaviour of BTC/USDT.Dominance, we can confirm the main trendline supporting the bull run, that I have been mentioning for a while now - It means we could crab our way till mid April and then see first meaningfull pumps. Cheers!
Bitcoin looks like it finished its reversal and is ready to drop further down like it did 21 Jan. after its previous retracement. Fibonacci shows us that the retracement is at the 50% fib levels, we could see the price reach the 61.8% but it looks like it is already in a downwards momentum. Here is a second scenario: ...
*Re-post* Previous idea got removed. A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below). In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum...
Not much - Hidden bullish divergence suggests move up - possibly a strong wick up - bull trap - and then down we go.
Ascending triangle clearly in the works, bitfinex market buyer this morning testing liquidity in the 39k level. Expecting a buy order burst into this level to take us into the 40ks. I would not short here!
Bitcoin still continues to from bearish pennant, expecting pull back to the 32960 range, by a miracle we may breakout to the 40570 range. Cheers!
Look for a bounce from L3 or a breakdown from L4. if playing long from L3 stoploss at L4 If short from L4 break, stoploss at L3 targets for l4 break is l5. targets for l3 area bounce are h3 – h5
descending channel seems obvious here as BTC still heading down until we see a change, now it can be progressing down. short position