Btcbuy
BTCUSDT H&S looks like formationAt the 2-hours timeframe we can see a possibility of Head and Shoulders formation. Although it is not a clear H&S all signs further decrease presence at the market as TA indicators are bearish
Overall BTC is still in bullish mood and this decrease can be evaluated as a natural correction. If the price candle at 1-day timeframe manages to close above $7 568 level next few days it will be a positive sign for further bull run. Otherwise we will have a correction till $6 161 level. The negative scenario has the higher probability now
BTCUSD long Two important news on the stock exchange Bitfinex
1. Bitfinex removed deposit restrictions, which used to be $ 10,000. Looks like someone is preparing for a bullran?
That's interesting ...
2. Today closed 20% of short positions
See my idea about trading on stock tokens. There is a certain strategy.
BTCUSD short-mid term Analysis (Log scale)As we can see the price fell back under the downtrend line. Sign of Bear trend
A weekly 20MA is showing downtrend too (not shown in chart).
We can spot possible trend reversal zones.
Fib 61.80% zone (7900-7800$)
Fib 78.60% zone (7300-7200$)
Uptrend line of the triangle. (6800-7000$)
Ps:
The breakout of 8167$ level (fib 61.80% of major fib retracement) could be a fake breakout and price could bounce upward.but at the moment seems, to me, the less probable move.
BTCUSDT reversed Head and ShouldersThe price accurately followed our previous analysis and consolidated above the triangle which has finished a descending trend. There was formed reversed H&S pattern which is very bullish. The resistance of Fib 0.618 was broken and the price heads to the major resistance of Fib 0.5 which is near $12600. In case of soon break through it impulse growth will start and BTC will reach $15000 within a week. Hold your BTC
Bitcoin next moves an overviewhello dear traders as we see bitcoin break the last and most high top in his history so this will lead us to a new areas i tried in this chart to figure the way that the bitcoin is going to move in the next dayes lets hope the best as i say always selling or buy is only with price action .
good luck .