BTCUSD - Long term InsightsHi Everyone ! So If you closely look at btcusd , you will surely find a triangle trap. A big triangle trap I would say. I am thinking to buy at this point because somehow I am expecting it to go up till 8000 due to PSYCHOLOGICAL BARRIER. I'll update the chart accordingly thanks.
Btcusdsignal
BTC/USD forget about buy till it comes to...BTC/USD overview. Take a look on chart, there you can see that Volume is totally decreasing.
The biggest Volume was near $6 000 and $5 500. You need to know that volume shows how big players and retail traders interested in instrument. As you know for this moment we have silents on TV. Before crushing cryptocurrency market everyone, told that I will cost $50 000 or even more (Remember, you need to do opposite to what you hear on TV). For this moment we need to wait, when on TV we will hear that BITCOIN is going to $0. That will be a signal for buy.
If we take a look on this situation from technical analysis, we see that near $5000 — $6000 was Big Volume and Bullish reaction on that volume, that means that level is key for big players. I recommend to open buy near that key zone. Goal would be $8726, $9920 or $11 693.
BTC USD - Who will win? Bulls or bears?Morning traders! Here we are with the bitcoin! Easy setup for it , is moving sideways between 7.8k and 8.4k , a lot of people are waiting for a breakout of this rectangle to understand the next move of the BTC , meanwhile in daily timeframe the price is going to reach EMA 200 and 100 , It could act as resistance zone. Be patient!
CRYPTO : BTCUSD LONGTERM SHORT BASED ON H&S + ABC CORRECTION !!We've got a Head & Shoulders pattern completed (it is cleaner on the H4 but I've charted on daily to show the ABC correction as well).
Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological resistance level.
Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now hold as resistance. This would complete the B-leg and from there a deep correction back to $5k-8k.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Sell BITCOIN (BTC/USD) Based on Multiple TF ConfluenceThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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