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Bitcoin Hourly Pivot and Resistance Chart (Hourly)For the Perma Bulls, this is your price range to break $9,729-9,768 A final chart to compliment pre-existing authored one's for today. Thus far a good efficacy rate has been obtained as per trending conformity, with areas of key resistance identified. This chart elaborates a bit with respect to more detailed indicators, and highlighted areas such as, zone to break to reverse to the upside (Unlikely, and if so, scam city), expected target to hit on the hourly before 24:00 GMT. It is always hard to time when price movement will occur, as bitcoin likes going sideways for years, and then resumes its trend. What can not be disputed is a bearish trend after we had three consecutive TD 9 sequential counts on the daily, followed by a 4 count pullback, and still continuing with intermittent periods of consolidation and capitulation. Safe trading!
Short
by UnknownUnicorn6513259
2
More Lines Than EscobarTrend lines GALORE and fib retracement tool, which is fairly self-explanatory however; let's expand. 0.618 rejected, which previously acted as support so we know for the interim $9,666 is a key area of interest to break to validate a temporary reversal, with a higher high holding above the bearish trend line, and breaking to the upside, which i doubt very much. Why three lines? Well, from an observational point one can quite clearly see the interaction between the significance of these legal lines that won't land you in jail, or out of pocket, but rather yet, a directive guide which helps to inform if bearish sentiment is to resume. If you're long you may be wrong, but either way I don't want to be caught, so I'm ducking out, and short. Good luck
Short
by UnknownUnicorn6513259
Zoom outThis is just one of the possible scenarios, no1 is sure what will happen, so keep that in mind. Recently we had a parabolic advancement, they usually retrace more than 80 proc in any markets. There is an unfilled gap at spike from 4 - 4.7k, having is coming in April, 86 proc BTC already mined. Whales need to accumulate as many BTC as possible from retailers, easiest way is to induce market capitulation. Keep in mind that derivatives market (futures, perpetual contracts..) is 18x bigger than spot market and has a huge impact.
BITSTAMP:BTCUSD
by beatjarvis
XBT/USD reaching the end of a bullis descending triangle patternAs the title says , we're reaching the end of a perfectly respected bullish descending triangle pattern, entries must be confirmed with aditional indicators and maybe some news to have a more precise point, also you can find our potential long entry zone plotted. If the breakout happens, the first test will be around the 0.23 Support wich equals more or less to a resistance level from feb last year. Join us in all our channels: Site: bitwolfcapital.com Facebook: www.facebook.com Twitter: twitter.com Telegram: t.me Linkedin: www.linkedin.com Instagram: www.instagram.com Medium: medium.com
BITMEX:BTCUSD.PLong
by BitwolfCapital
XBTUSD Bullish and bearish scenarios, what to look forLooking at the 1H chart currently: Bullish signs: Retrace into optimal fib zone for now Some local higher lows Clean break above 4040 would add bullishness Bearish signs: Struggling to stay above that white level which is also 0.5 of the range we're in right now Made a swing failure which indicates a stop run was made for shorts Clean break below 3730 (last low) would add bearishness. Overall I'm leaning bearish for now, but we'll have to see a break on either side to decide further action. Trade wisely.
BITMEX:BTCUSD.P
by UnknownUnicorn3664665