BTCUSD - Possible scenarios according to the technical levels!!BTCUSD - Possible scenarios according to the technical levels!!
BTCUSD-TRADE
BTC - a different view!!A simple chart can tell you so much, without indicators and other tools, sometimes the view can be so clear.
Taking a look at $btc we see the first challenge it needs to overcome is the last high at $52k which was in late august.
After we close above that price on the weekly chart we can expect to see $60k btc. Again, we will battle that area and upon close above there we will surpass the last ATH and create new highs!
However if we fail to close above $52k this week, we can expect some short term retracement.
- Line charts are crucial in determining direction of price, as they represent the closing price.
ETH targeting ATH this weekGood morning traders!
Welcome to a new week!
As I spoke about last week, ETH will target its ATH this week, is has roughly 11% to go before reaching this level.
You can see on the chart all the stacked short orders I was speaking about, and just as spoken about in the earlier forecasts the whales ate these orders up causing a strong rally.
I'm very interested in how price reacts once we reach the ATH, My best guess it a BIG push through/blow off before a decent pullback.
As always trade safe
EnvisionEJ
Pump, drop, pump, dropNo financial advice!
No bear markets out there guys, only accumulation, we have seen it drop further only to rise again to new ATHs, now, you're going to see a lot of people panicking about BTC and price, but this is how markets work, wait for the MM to show their intentions
ETH/USDT - new updateHow I said early, we are going to test key level. After that, the best option would be to create a range near the resistance line. Only in this case, would be a beautiful breakout.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Before you long BTCPrice broke out of the triangle. From a monthly chart btc has passed 2.618 fib extension level and might get to the 3rd level which is at 50k(ish). Before longing again let see if price will dump to 2.618 as support which is about 38k
BTCUSD the main goal is 40.000BTCUSD the main goal is 40.000. we are waiting for the growth with carriage
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I would also be glad to see your comments under the idea, what do you think about this
BTCUSD TREND FACTORS EXPLAINED. The value of the bitcoin has been rising over the past few weeks, reaching a record high of 20000, in December last year. The value of the bitcoin has multiplied in the past as well, due to large investors investing in it for immediate profit. Some experts believe that in the aftermath of the Coronavirus outbreak around the world, investors consider the bitcoin to be safe for their assets. But experts believe that the value of this bitcoin will continue to fluctuate and its value may increase with the further depreciation of the dollar.
Sell that puppy BTCUSDAfter all we are humans, Bitcoin is coming down. Sell and place stop above 18000 next big support @ 16250
Current play Bouncing off the ema nicely, will we see $12k soon? or lower prices from here? Please comment what your thoughts are for short mid and long term.
BTCUSD keeps a wedge.Hello.
BTC is still in a global rising wedge.
It kept above the trend line and continues the local upward movement.
It should be borne in mind that the wedge resistance line is drawn along the shadows of very "emotional" candles.
Btc is gradually approaching horizontal range support. Studs stand out very strongly against the background. The bulls seem to be trying, but they are instantly stopped.
At the moment, nothing prevents you from going to 11000. The best option would be to fold the position there.
At the moment, everything looks in favor of the bears: the instrument is likely to exit the range downward in the near future.
The scenario will be canceled by a confident breakdown of the wedge upwards.
As the result of mature in Curve, will explosive move.=> Breakout range 9350-8700 for Curve Pattern. If break 9350 above, expected explosive result. The 8700 is also important to break down if the price falls below.
Range of BREAKOUT 597 points:
4-touching at the upper curve?
low chance to breakdown.
Closer look for BTCUSD Target 9200-50 if no S9620!
Support 9620-9565
Plan A : Below 9500 targets 92300-55 and below 9200, targets 8890-8765
Plan B: Above 10000, the price can test 10415-10735/11000+
Hit: Use the ALERT function at the boarder(9500 & 10000) of the breakout.
We have seen exactly fall from 10000 levels as per previous update prediction
Reference:
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conditional trade idea on BTCUSDThe BTC retrace back from an ascending channel, broke the lower boundary and then went on the sideway.
The low side ($6600ish) of the sideway range shows some strenth here, keep an eye on this.
If we break down below 6600 with an obvious volumn, we may go as my red arrow indicate in the future. Then it is smart to short it when it goes up to heat the 6600 level again.
If we see buying force here, it may go as my green arrows show. Then buy at 6600 is a buy at retracement, which is a good bet.
Now the bulls and bears are seems like holding each other right now, indecision. However, big movement shall come soon.
XBTUSD In My Opinion, We Should Hold Bitcoin For now With Stop Loss Under Trend line (around 6500),If Trend line Broken Then It Might Hit 5000-5600 Area Again & If Resistance Broken then Definitely it'll pump towards 7.2-7.6k Resistance Area.
Structural Resistance| Low Volume | Key Trade Location Hello Traders!
Today’s chart update will be on big daddy BTC, which has been trading at a key trade location where a move from is highly probable before or on February 10th (measuring previous consolidation at this current level).
Points to consider,
- Trend testing major resistance
- POC local strong support level
- Stochastics topping out
- RSI trading in upper regions
- 200 MA retest probable
- Volume below average
BTCUSD’s trend is at a key structural technical level where a break will put in a macro higher high, further confirming a trend change. The POC is currently local support where BTC will most likely retrace to if the 200 MA fails to hold a retest.
The stochastics is currently topping out, can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI itself is trading above support; a break will increase the probability of a retest of the 200 MA and the POC.
The 200 MA retest is highly probable due to the market structure; a correction at some point is imminent. Volume on the other hand must increase and remain above average to ensure follow through in any direction.
Overall, in my opinion, BTC will most probably incur a move before or on February 10th as it has been trading quite stagnant at a key trade location. A move in either direction will dictate the overall market trend for Bitcoin.
What are your thoughts?
Please leave a like and comment,
And remember,
“Events, circumstances, and experiences arise and pass away. Winning trades, losing trades, fear, greed, sadness, happiness, and eventually your own life. Everything is in a constant flux. Learn to go through it with stability of mind. A meditation practice helps a lot.”
― Yvan Byeajee
Calmness before next move..soon??? #BTC #BTCUSD #TRADEHello guys,
Today calmness is continue spreading all over the market, maybe everyone are getting prepared for the next move. Still I don't think this is going to last for a lot longer, volatility is around the corner. As we can see on the 1h chart a triangle is formed, this type of triangle usually breaks up and not down when it's keep pushing the upper flat line of the triangle. So it's possible a short rally is on sight but if we can see to a more long term candles we are still in a bearish posture which means either it will be a short bullish rally before bears gain momentum for a new hard fall from a higher price or the bullish rally must be a pretty convincing and long one to reverse this bearish posture of the last 2 weeks.
Let's see how long it will take to make next move and take it from there with an update. Stability won't last much longer.
P.S. Like it if you like it or let's dicuss about it
Yours
Cryptohora
