We've been under 9300 resistance for quite some time now and haven't been able to pick up significant buy pressure which would result in higher levels tested. Unfortunately, 9300 has been rejected and at first i thought we'd maybe get a nice short opportunity around 9297 - 9508...but price action seems to say otherwise. Always go with the trend, it's supposed to...
There are two zone where volume has highly traded $10k - $8.6k and $7.5k - $6.6k. As you can see in chart there is no volume above & below of first zone (Signifies buyers are not interested) and there are some unfilled CME Gaps near second zone. So considering all dynamics (Vol, CME Gaps, Stocks, QE, micro data). BTC It is likely to test $7.5k - $6.6k in next 2-3...
Hello everyboy I hope you had chance to take profit via my last technical pattern (BTC BULISH 4H). Now BTC moves in Growing up parallel channel in 1H. BTC is in correction time to go to channel floor in 9150 area. If channel floor has not been broke and BTC can stay above of 9.1K has potential to grow up to 9.5K Have Fun
Or....could it possibly be....accumulation? I'll leave that question up for you to answer. BE SAFE fella's.
IS this is for XRP? PRICE will like follow the curve downwards until it retests of .11 XRP will likely lead the bear market if spx and btc loses bullish momentum.
More downward price action is possible!
If you make charts and don't factor in your targets & the possible date of when you'll reach your target you probably aren't as serious as you should be. EVERYTHING on the chart needs to be looked at, but not overlooked. Find the happy medium and don't force trades that aren't there. Forcing the market will result in liquidation emails sent VIA email. P.S, I...
Now I know as much as the next guy. And I do not like to be the bearer of bad news. However, I use a couple of fairly reliable indicators. Vpt volume price trend against fib Bollinger's. and the god mode. And this chart is the 3day chart. I have only witnessed the godmode give a short call on the 3day 4 times since 20k. and the VPT always tells the truth of...
Looks like we may have a bloody Monday around the corner...bulls have had their chance to reclaim 9150+ but seems like a clear rejection from my perspective. However....it's possible to see a short term reversal and push 9275 - 9419 before any bearish price action really happens ($500+ move). Stay safe & good luck trading this week.
Here is my mark up of BTCUSD. Top down analysis from DAILY TF shows BTCUSD wanting to come down. Use levels shown in picture for breakout entries. Obviously, price action is KEY and BTCUSD will do what it want. So, the layout can help you for SELL opps or BUY opps. But as of now my bias is looking for a SELL. The black line Rep my 200 EMA, and you can use the...
I've labeled and explained on the chart my thought process behind the price action on this 4HR BTC chart.
Don't expect bulls to just give up so easily. Expect a push higher at the MINIMUM if you're bearish bias this weekend. Things can always change/reverse before a blink of an eye. Stay up to date with the fundamentals/price action and the structural integrity needed to achieve the levels you're looking to play out. Have an awesome weekend guy, stay safe...Cheers.
respect white line 9400 9600 9800 respect red line 8800 8300 8100-7900 it can form a small triangle then a bigger triangle if 9400 gets broken overall I think we go down since we had two 12H closes under EMA 100 a 12H close under EMA200 will surely push us down to 7K levels
Why bearish? 1) Rejecting from upper boundary of global descending channel. 2) Fractal B very similar to A after which we got drop. 3) Virus again in action what can cause S&P to drop and affect btc. 4) Vertical volume declining. 5) RSI in descending channel. 6) Lower highs 10xxx, 99xx, 97xx . 7) Drop out from current up-trend's ascending channel. 8) Pressure...
Head and shoulders failure, accompanied by lower volatility and smaller less aggressive breakouts leads me to believe that BTC is losing bullish power and will breakdown to a further support or experience a full reversal. Another major signal, is the decrease in overall volume despite the rising trend. This is without a doubt, bearish. If major breakout does...
not much else to say, take profit, be smart and stay safe
I am looking short position for Bearish. Guys don't forget to Click Like button for appreciate me. Thank you so much.