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BTCUSD - D1 - LAST CLOSING ABOVE MBB...D1 : Yesterday's long bullish white candle triggered a closing level above the Mid Bollinger Band which should be seen as a first positive signal for an upside continuation price action. Nevertheless, I would suggest to remain extremely cautious following this "shy" upside breakout of both, MBB and channel downtrend line resistance. Indeed, before switching from BEARISH to BULLISH, we clearly need to have a strong confirmation of this breakout in order to avoid a BULL TRAP !!! Therefore, ongoing price action over the coming hours and more important today's closing level would either validate or invalidate the yesterday's breakout. See H4 below for additional information on shorter time frame H4 : As shown the upside breakout of both clouds and downtrend channel still looks fragile... Indeed, successive small candles are showing some indecision and uncertainty about further development either on the upside or on the downside. BTC is currently traded in the upside pivot zone trading range (50000-52650) and a clear breakout of the former high @ 52650 woul add further support for a continuation upside move. On the other side, former top resistance line of the downtrend channel ahead of Tenkan-Sen (Conversion line) @ 50053, should be seen as the first short term support level, ahead of the former "cluster" of both Mid Bollinger Band and Kijun-Sen (Base line) which is the first significant support area being slightly above the 49000 area and last but not least the top of the clouds support zone (49000-47800) ! Watch shorter time frames H1 and M15 to get intermediate validation or invalidation signal (s) Have a nice trading week. All the best and take care
BITSTAMP:BTCUSD
by Ironman8848
1
NEAR headed to sub $1.10??If NEAR cannot return to this eclipsed shaded area above, I believe we will see it dropping more to around $1.08 , but it could pivot and return to go up at any of these FIBS. with my experience I would bet on it getting all the way down to 1.08. DYOR * ohhh btw when one or several of my ideas make you rich AF please feel free to inbox me for my btc wallet address to send a "pay it forward/gratefulness" tip. Positive VIBEZ! If you have a currency or stock you would like me to take a look at hit up my inbox! *
BINANCE:NEARUSDShort
by DreamBIG90
Bitcoin, Bearish Pressure Entered Surface, What To Consider Now!Hello Traders Investors And Community, welcome to this update-analysis about bitcoins 12-hour timeframe perspective, the recent bearish events occurred, what to look at now, and what to expect from bitcoin the next times in order to prepare on upcoming possibilities. As bitcoin broke out above the huge resistance and the upper boundary of its channel formation it confirmed it with a bounce but the huge question now is if this was just a big bull-trap or bitcoin manages to stabilize above the upper boundary in order to continue. Such heavy volatile bearish breakdowns out of the nothing occurred already several times in the past and you can be sure that there is always smart-money involved as these are unnatural movements. In this case, I detected some important signals currently which need to be anticipated in order for bitcoins further outcomes and destiny. When looking at the chart you can watch that bitcoin just confirmed above the upper boundary and realized the 12.000 USD resistance with the bearish move which pointed a second time to test the upper boundary of the huge channel formation marked in black, in this range lied also the EMA structure where the price bounced and held above, which is together with the upper boundary important support definitely important to hold for considering a bullish stabilization in this range. Currently, bitcoin has stabilized above it but such a heavy volatile bearish move should in neither case be ignored and as bitcoin has still strong resistance above in the Fibonacci-resistance you can watch marked in red in my chart there is a high possibility given that the resistance will be realized as such which will cause an increase of bearish pressures to the downside where bitcoin will test the remaining supports another time. Taking all these facts into consideration bitcoin established a bearish environment on the short-term, now it is from high importance if bitcoin-only showed this bearishness in the short-term and stabilizes again or if it also springs over into the middle and long-term. In this case it is highly meaningful for bitcoin to hold the mentioned support at the upper boundary and the EMA structure otherwise with a close below bitcoin will visit the inner world of its channel formation again which will cause a bearish continuation minimum to the middle line of the channel formation marked in my chart. This scenario is possible when bitcoin increases bullish weakness further and should definitely not be kept aside in order to not get overwhelmed when it happens, as many people were extremely bullish only this is a fatality because what can rise strongly can also fall strong especially in this cryptocurrency market environment. In this manner, thank you for watching, support for more market insight and have a good day! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
18
ETHUSD & BTCUSD Inverse Head & Shoulders Forming on 4H ChartThere is a bullish inverse head and shoulders pattern forming on the 4 hour charts for both ETHUSD and BTCUSD. Trade on breakout and be careful of fake-outs. If you want to be more careful, wait for breakout that comes back to test the support (previous resistance around the 135-136 region) and bounces again before going long. Target around 147-148. Just sharing an observation. Trade only what you can afford to lose and only after confirmation candles after breakouts. Never fomo. Its ok to miss an entry and wait for next opportunity rather than taking a higher risk without confirmations and possibly getting caught in a fake-out. For bullish traders who want to take a higher risk and go for a higher target, always get your stop losses in profit at a comfortable amount just in case price reverses and starts a downtrend after hitting the first target. Good luck!
BITSTAMP:ETHUSDLong
by mdyassink