BTC just broke down the horizontal Value area mentioned in the chart. However, volume is not that much during the breakdown which makes us suspect about the current price action. What do we do in this situation? Plan (A) If Bitcoin falls below 9550 short it Nearly target 9350/9250 Plan (B) If Bitcoin move back into the range long with stop loss at below...
On the 4 hours time-frame of COINBASE:BTCUSD , a bearish divergence is identified on the Relative strength index (RSI), which indicated a possibility of trend reversal. The current price is currently traded below the 14 period simple moving average (SMA) and trapped between the two fractals (between the red lines). It is highly thought that the price will visit...
Hi Traders, As you can see expected is last wave (v) of 3 or C to area 9700-10150 USDT. Then sell / short with tight stop-loss. 1) Bullish scenario = Retrace area is around 7500 usdt (in case of wave 4 of bigger degree).: 2) Bearish scenario = Drop below 7K (wait for waves to unfold for count). Good luck and trade safe;)
BITCOIN goes down to 8.500 then RISE to 10.500
Target area 1 9100-9000 Target area 2 if more buyers 9300-9000 Take profit 5-8% Short below
This is something I’ve never considered. What if we just look at highs and lows. Forming a flag(triangle) what if the steeper side is the side the market will go towards. Just sharing ideas. I think it’s going down, considering the amount of market time I’ve seen, I just want the truth. I don’t get too many of these moments. I maybe be wrong. But If it’s true...
After posting about divergence in my previous analysis. I decided to see the largest market cap crypto, Btc. I noticed it has a divergence against the macd. I think a drop is coming. Get ready.
BTC is a creature of habit. When we run up like this it is followed shortly after by big selling pressure. Scale out of your longs comfortably here in the 94xx range and into shorts. Ideal short range 9450-9600. Here are the reasons I would trade this. 1. RSI on 4h is 93 ffs. I Don't even need to continue after this but I will. 2. The Candles are trading...
Bitcoin has recovered massively since the last crash on March 13, but it has still a positive correlation with global market trends. It has broken a few resistance levels since that time but as it goes higher, it will face more strong resistance. As you can see on the chart, in the next few days, two long term moving averages are crossing each other near almost...
My reasons are labelled in the chart. Outside the TA there is the PA of people losing jobs and both markets being a bit over bought... but you know... I am sure they will buy forever before ever trying to eat each other alive. Anyway my bias will change if we get over this resistance These arethe brand new camarilla levels. Target would be around untested pivot...
We are currently in a correction period, and i think we will be retesting the lows of March be for we could potentially break out to the havling bull market. i often hear BTC completes 80% of its cycle before it breaks out, i guess we will see if its true now! Please let me know if you think my theory is valid?
BTC good potenciál on short time next days guys... :) @MathonyEZ
Hi All, It has been some time since I have posted a public analysis. We are currently at resistance at the 7250 region. Difficulty breaking this does not bode well as the next order block has proven to be historically a stronger resistance. There are two primary trend lines that im looking to have respected. We could see a retrace to that 8K region however this...
yo guys in my opinion this pump dump is just for Liquiding shorts on exchanges that planed by whales so we will dump before midnight to our first strong sup line 6200 good luck