BTC was rejected hard at the Golden pocket area around $13,800 region. Now seeing a retest of the important $11,800-$12,000 area that is significant in these past bullish weeks of btc. Notice how we are now getting rejected at the .382 from swing high to low of this structure. Popular are for shorts to enter Again off a relief bounce.Appreciate any support.
very good BTC levels for sell 13150 is FTR, so we can sell and then come back for major sell on ~13500 as IA for the beginning of the downtrend
Funding still up near .52% for the current session ending in 50 minutes & estimated .8% for the following. After a failure on 3 attempts to break the 9400 resistance, buying volume keeps decreasing & selling pressure is staying the same at worst. Would expect at a minimum, 9200 to be retested but more than likely we head to the top of the old TR around 8950. ...
Hello my crypto people. Again I want to give thanks to my two most influential Technical Analysis masters, MagicPoopCannon and Botje. In this example I am proving that 1) we are still in a bear market, 2) It is a very risky decision to enter a long position, 3) Bitcoin prices has gone up mainly because of political factors rather than fundamental properties....
BTCSHORTS charts currently mooning. That indicates bearish move soon. BTC is having a hard time breaking 8500, if it does, it can keep going, but, if it rejects and heads south to 7500 zone, it will form a bearish head and shoulders that could send us back down to 6000-6400 levels. On the weekly chart it will still be bullish so it will be a chance to buy the dip.
Morning all Just updating my take on the current BTC prive movement, i previously stated we are commencing corrective wave C, which i think may have been a tad early. Ideally, we are still in a continuation of corrective wave B and find a local top around 8400 zone before moving into our descent and the beginning of wave C.. This would complete the current H/S...
Hi all Brave index on the weekly.. Closing Doji on completion of wave 5 and ABC correction initiated. Head and shoulders formation inbound further verifying the imminent reversal we are about to see over the next week. Text book ladies and gentlemen! look at historical trends and verify retracement areas with Fibs, we generally see .5 to .618 before starting...
4H CHART EXPLANATION: We observe that price is making a corrective movement, and there is a clear Head and Shoulders pattern. This is a potential short setup, but we must wait for a breakout of the neckline to confirm the trade, since the macro vision is long and this is just a short term trade. Daily vision:
LOOKS LIKE A TEXTBOOK H&S PATTERN ! ONCE NECKLINE IS BROKEN AROUND 7400 $ - 7500 $ SELL PRESSURE WOULD ACCELERATE DISCLAIMER: THIS IS JUST AN IDEA AND DEFINITELY NOT A TRADING ADVICE !.. PLEASE TRADE AT YOUR OWN RISK.
BTC está passando pela correção ABC onde a retração de Fibo coincide com seu suporte importante.
Head And Shoulders Pattern
Lower low is in on the meso tf - time for some correction Sorry bulls
CoinSavvy here with a price update on Bitcoin . Things have changed, and I want to update my analysis and my trade game plan. I have exited my Bitcoin position as it closed multiple 4-hour candles below $8400 (see “Bitcoin: Higher Time Frame Breakout Series – Daily” linked at the bottom of the page) for my setup there. I had entered in around $7400 ever since the...