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"btc/usd" in some hours we will see the direction!In the previous chart I said that we had some possible scenarios. What's happened? Btc raised to the big red rectangle ( a big resistance), then dropped to the green dashed line (good support). What is the next move? In the prevoius chart I said that the rsi in h4 would fall in the red circle (oversold zone). Now from this point we could see a bounce up... all the indicators in h4 show to me that the bears strenght is weaker than the previous hour and as you can see some hours ago a lot of volumes entered, the same volumes we had in 19 december. The last time rsi went oversold in h4, was 6 Feb. From this point starts a dynamic support (white dashed line). Now btc is oversold again, but the price is higher and the white line it's forming an ascendat triangle with the red rectangle (resistance). So what i expect now? In my opionion there will be a bounce and probably btc will retest 11500-12000 area but if the volume will be lower in the next hours and days and if there will be more fud, the price will drop again. How much could fall? I think btc won't go more down than 6500 usd in the next days(blue arc). Honestly I'm positive for the next hours but probably we will see another drop by the end of the month!
COINBASE:BTCUSD
by ale111
BTC PRICE target HiT The swing trade turned out pretty amazing which I mentioned in my last chart for BTC and before that as well. It hits the 61.8% fibo and gives a reversal. No we can see some upside to 10,500 Target Area to reach towards the Median line of the fork and also the trend line. For time being we can see BTCUSD on the up side but it will be a struggle for it to break that level as over all it is still in a down trend. But for now we can take short term profit and see how the market reacts once it reaches that level.
BITFINEX:BTCUSDLong
by shaxrashid
BTC USDT 3 Hour Chart Analysis After hitting a high at around $17,000 USDT on 1/6 and forming a double top pattern, $BTC has dipped to a low at around $13,300 USDT on 1/8, and has now appeared to form a double bottom at around the $14,100 USDT mark (1st Major Support). The dip can most likely be attributed to the recent removal of premium South Korean crypto prices from CoinMarketCap, and FUD created by the Chinese government, which may potentially ban Bitcoin mining in the country. If the 1st Major Support cannot hold, I expect the $BTC price to dip further to the 2nd Major Resistance at around $12,100 USDT. RSI indicates we are in oversold territory.
by cryptod972