BTC is consolidating in ending diagonal . My entry point for this short would be here around 0.786 from C-D movement and stop-loss above end of C-wave of triangle. BTC would bottom between 4500 and 5000 area because downfall(E-wave) could not be more than C-wave of ending diagonal of first pic
We broke the bearflag pattern to the downside and are now in bear territory. If 6400 doesnt hold we will see a massiv drop.
The market in general has lost lots of incentive to invest. However there are a few hands that move the market. It has been oscillating between highs and lows and now I expect the market to have a short term pull back. Here are the main reasons. 1) Volume is decreasing 2) Candles have touched the yellow uptrend line in the triangle 4 times already, potential...
XRPBTC After testing 8200 support there's a possible pullback to the 0.618 fib level ( 8652) before another potential downleg to the 7850 support level. SELL: 8650 SL: 8980 TP: 7850
Call me old-fashioned, but according to trade versus graphics and chart sign. The figure "Channel UP" clearly shows the decrease the price of ETH, BTC and most of the currencies. At this time, it is not a desirable moment for an investment. Hopefully and support to withstand the pressure, but it we will know it soon. Do not forget! think while trading, that's...
Macro Trend: Bearish. Current Pattern Trend: Bullish. HVF continuation pattern to the bull side. Momentum of the legs show strength to the bear side. Price action showing reduction in volatility in correspondence with the OBV squeezing. Keep in mind that we are also sitting on top of a previous recent funnel at the moment A breakout is about to happen...
By the looks of this chart everything looks bullish. We have been making higher lows since January, a golden cross took place back in May and currently we are in a bull flag with a bullish engulfing candle. If you didn't realize already this is actually an inverted bitcoin chart. The whole chart is upside down. So really all the bullish stuff we see is...
I mentioned in my last BTC post that I was looking for BTC to set a higher low on the weekly compared to 5858 and then for bulls to take over to set a lower high. BTC is bouncing from 6119 and has changed the 4hr uptrend for the first time since the dump on September 5th. For me to be confident that the weekly higher low has been established and for bulls to...
looking for a great short opportunity when the pair reaches resistance
This latest drop in BTC has surpassed the latest 61.8% level to the downside ... might be gearing up for a full retracement. I am jumping on the back burner for now.
Can't keep going up forever...
4h BTC chart is making higer high in price but RSI making lower high.
Falling Wedge to 4600 $ level. If it will will hold we can expect that is is going to be the bottom and from there the price reversal will be possible ------------------------------------------------------------ ***** This is not a trading advice. Please invest responsibly *****
Dear Coconuts, Who nailed it???? Ok it took a little bit longer but still. We got back to my level cocopups, but be careful. ETF news is coming on the 7th and the 30st (most important one). Which I think all will be rejected and exchanges will make a lot of money on the way down again. Bears got back out of their caves, showing that the moon is still lightyears...
BTC SHORT Target 58xx Stochastic overbought & price hit fibonacci 0.382
Expecting a reversal in the next 24 hours.
BTC has been rallying for a few days now, we called a long from 6.1k and have now taken profits. Daily volume is beginning to decrease as we get to the top of the falling wedge. A close on the daily above the yellow box will lead us to the next yellow box. We have seen many of these bull traps before as we are in a bearish phase. I have begun to slowly build...
The end of the Pump or is this going to be liquidated? What do you think?