On the Daily chart Bitcoin has the potential to complete a Head and Shoulders pattern, like so many altcoins did- so watching for this confirmation of drops below key support is critical. When looking at the Monthly chart, the RSI/SRSI indicators show a likely continuation down, indicating more time is likely needed to shake out this correction. Currently...
BINANCE:BTCUSDT after PPI news and hawkish statement by the FEDs, seen a massive sell off directly at $21600 range and broke out from the huge ascending wedge, showing that the bullish trend is ending. The price broke down and reached the fib point at 0.786 $20500 and retraced back to the top. At current time, we can see that a descending channel had formed and...
BTCUSD has Changing of Character (CoCH) and then moving up to Order Block (OB) and the limit order is triggered. Let's see what happend after that.
4h; bearish trend line bellow the emas waiting for the break of the structure and s/r zone with a momentum candle 1h; price action a bearish engulfing candle bellow the 14/5ema and below the 200 SL; above the ema's tp; next s/r
Short: $35800 - $36000 Stop loss: Daily RSI above 50
Major/Bold call on this one. It is evident that the market structure is bearish on crypto and I do not see any bullish bias whatsoever. BTC has just tested a daily level and broke weekly lows on Monday. It is showing signs of rejection before it plummets down to 26k first then 21k.
Bitcoin (BTC/USD) gave back some recent gains early in today’s North American session as the pair depreciated to the 15200.00 area after trading as high as the 15779.24 area in the Asian session, a test of the 15791.86 area that represents the 76.4% retracement of the recent depreciation from 15977.67 to 15190.36. BTC/USD’s recent 2020 high of 15977.67 represents...
Hey Traders, This is my latest analysis on bitcoin on the daily charts. Bitcoin has continued the move down and now broken through minor s/r. I see price going down to the trend line around the 5,200 area before we can make a further decision. Simple price action and technical analysis