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Bitcoin Bullish and Bearish scenarios Bitcoin has recently broken out of the symmetrical triangle but quickly came back in and broke down. It's currently struggling to get back into the triangle which could indicate a retest and more price downtrend. In case of a retest I would short/sell with stop loss over 37k. If the retest happens I expect more downside, I would set my eyes on the first support, if that one breaks, the 30k support is bitcoin's last hope. Target if we break down with good volume would be around 23k. In case bitcoin returns back in the triangle and breaks out, I would set my eyes on the first resistance and I would buy/long the retest on the triangle, in case good volume comes in, I would set my eyes on the second resistance and after that one, 52k is our target.
COINBASE:BTCUSD
by oiradcirep9
1
$20,000 BY JULY 1ST (BTC) OSCILLATOR OVERBOUGHT FOR 7+ DAYS Good afternoon, First of all, please hit that like button or leave a comment! 👍 Second of all, shoutout to my counter traders you're now tapped at the top. Third of all, we've seen 2 fake outs over the past 3 days which may result in trapping bulls and liquidating them. If you seen my last post or follow my twitter (YurloYT) you'd know I've been talking about the idea this may of been a fake out before heading towards $34,000 ish and if we hit that zone its likely we won't stop. Lastly, the fact this is happening during the Miami bitcoin press conference is PRICELESS. (Daily momentum oscillator has been overbought for 7+ days, we've seen 2 fake outs with a significant dump shortly after. If the next 2 support levels fail we probably see the next capitulation phase sooner than everyone expects, and no this isn't financial advice, just my personal bias) Don't get trapped you won't like being liquidated in leveraged longs once the dump REALLY starts. Once liquidations start going off it will cause extreme panic and fear which will increase the sell off pressure. (you've seen nothing yet)
BITSTAMP:BTCUSDShort
by YurloTrades
14
GBP/USD Changein chart position we can see it was still in bullish trend and it make modern waves so its still possibly continue the bull trend. just keep on eye to the chart and don't forget to read some news happy weekend guys :) just wait until price get out from the flag, if its still at bull trend you can put on long position and take profit at : TP1 : 1.42632 , TP2 : 1.42378 , TP3 : 1.44207 and if its go to bear side and take short position you can take profit at : TP1 :1.39656 , TP2 : 1.39119 , TP3 : 1.38582
by alfiansyahh21
Short USOILSo after i were (more or less) correct about the direction of oil, i wanted to have another look at the future. I think oil has a little more fuel to go up, but i also see the power of OPEC and them amping up the production, causing a potential fall in the oil prices. Therefore, i presume, we are going to see a minor downfall in the USOIL chart. im guessing a minor, because we are still in a covering fase in the world, so there are still more oil demand happening.. so only a shorter fall and then up again. Let me hear what you think :)
TVC:USOILShort
by Hvalp
BTC may drop now to the bottom of the golden pocket and beyondThe type of dip (descending arch) we are seeing on the hourly often has a sharp fall to follow. If we look at the last descending arch it was the last time there was a major dip. Following that we can estimate where it might fall to and take out a long position. For now it's a short. The first drop might bounce from the bottom of the golden pocket, which is also the weekly S2 and the bottom of the forming triangle, providing us with some confluence. A bounce to the upside would probably see it reflect off the top of the golden pocket / weekly S1 and make its way forther down to find support again at around the 29k mark.
Short
by myleztone
1
2 ideas for $MATICSo these are the 2 possible scenarios I see taking place. If you bought in at the first support and are worried don't be its probably gonna graze the 50% fib support and should bounce off of it. I have drawn 2 different pathway's for you to look at to get the gist of what I believe we should see over the next 24 - 48 hours. This is not Financial Advice only my opinion using tools that I know and understand in order to produce a good analysis. Please DYOR before investing into cryptocurrencies considering the level of volatility in this market you need a good understand of it. If you liked my analysis feel free to drop a like / follow in order to follow me for future analysis. As always, Happy Trading Traders & Never Trade Leverage!!
MLong
by PacMan1337
5