BTC needs to hold marked area, if not it can give major down move based on 15 min tf
TD Sequential showing a reversal signal ETHUSD Hitting horizontal resistance ETHBTC Hitting channel resistance RSI Divergence
This is important resistance, if broken we might have a good rally if not from here there will be some retracement.
Could this be the top for the weekly candle? Or is there more to go? Find out in the coming week ahead!
BTC can short, it is at a very interesting place and might get a good return
A downward channel appears to have formed on the daily chart. Whereas $10,000 to $10,500 was the previous and impregnable resistance, bulls seem to have backed off. $9500 is the new $10k, and price seems to have tarried in the $9150 to $9400 range, which previously looked like a neutral zone between bears and bulls. At the moment, we are rejecting off that $9150...
10500 is a historical resistance that we've already been rejected from. 7800 - 8100 is needed in order for the structural integrity to be maintained in a healthy way. Ever since 10k we've slowly bled all the way to 9k (where we're currently stuck under 9300 and above 8800 support. In my view of perspective, market makers & exchanges cooperate with each other...
BITSTAMP:BTCUSD Extremely Low Volatility is reminiscent of Oct 18'. One last Dip would complete the Inverse H&S pattern. Bearish Cross on the STOCH V RSI. BUY THE DIP!
I'm no longer bullish after seeing a double top on most tradional markets. 6350 would make sense. Have a great day.
Simple pattern recognition with 3 similar flats. This is how I imagine it will play out. Higher TF is still a downtrend. Make sense to think BTCUSD is setting up for one more drop.
2018 when DOGE went up this lead to a dump for BTC, the same is going to happen now again ? On the chart u can see both coins compared, it is an interesting attempt to see if the market changed since 2018
4hr close in just over one hour & daily close in just over 5 hours. Cheers.
Hi everybody. In both circle BTC has not potential to grow up against Kijun Line (Blue Line). Also The candle is the same. So I think ascending channel will break in this week. Have fun with more money reach :)
Structural integrity paints a very clear picture for me: we need to see at least 9188 in order for any bullish momemtum to contunue. NOTHING goes straight up or down (well sometimes lol), however in this case macro levels are bearish but if bulls want a shot to break 9500 we need to test EMA levels and key support area's otherwise we'll be ranging going sideways...
Be safe this week fella's. You're in for a bumpy ride. Cheers.
1st of all: SMASH the like button if you appreciate the daily charts with both bullish & bearish bias. 👍👍👍👍👍👍👍👍👍👍👍👍 2nd of all: GOOD MORNING BROTHERS. I hope you're all having an excellent start to your Monday morning. Lose 9060 and bearish bias returns, gain back 9297 bullish bias stays. Could this be a takeout to the upside before distribution? Or will we...
Below the 50-day moving average, in the ichimoku cloud, below the return line and the basic line, the indicators show us that there will be a drop.