Xbtc
BTC ??
Hi, Guys
I see the volume rising at a miraculous pace and is almost as high as the previous ATH volume. It's a good sign for us, bears should be afraid! If this manipulated volume lasts, I expect a shot over $ 4200, if the target fails to break through, I'll be expecting somewhere to start at $ 3300.
Target 4200 > 5400 > 6200 !
Lets go guys :) GL
Btc Short tearm trend changeWe are making closes above the cloud on 45min and 1hour Charts. 2Hour chart is making closes inside the cloud. These are for the first time since we drooped from 6.2k. Volume is supporting. Shorts are over leveraged. I closed all my shorts at 4K. Suggest you do the same. We will go at least to 4.5k but more likely to 5k and maybe to 6k.
XBTC future actions based on indicator trendsBased on 2 prior incidenses of the Stochastic RSI and RSI lining up in similar fashion, and the fact BTC is dumping right now. This is where I believe we're headed with BTC futures. Blue/Pink short estimate is based on a wedge shape, red/green is based on a channel idea of BTC price action.
Critical Time for Bitcoin!!Critical Time for Bitcoin!!
What we have in this analysis is a very simple setup:
First we have a linear statistical regression drawn from the top of the previous high all the way to current price. After using this tool, I was able to change the colors to my liking and have a nice look channel.
Second, there is a Fibonacci retracement from the previous tops to local bottoms. Interesting, we can see that the previous drop for bitcoin happened at the .618 level after volume couldn't seem to break the downtrend.
Third, I have placed the aqua trading region where volatile price action will occur to build support or resistance.
This is a very interesting time to watch for bitcoin, as the next move WILL REQUIRE LARGE VOLUME in order to get to the next levels.
I will be trying to find a long position upon a RETEST of the BREAKOUT of BTC.
At this point, i am unsure with current momentum of time of the post, if we will be able to break these levels, however, things can change and volume will come FAST.
Happy trading!
Wizards buy the dip - Watch out and be carefulAs we can see a neutral trend for a while, attention to support lines and moments to re-enter the market.
Prices and signals to be careful are in the chart.
Hope to see mooning as correction could already happened.
Market sentiment is bullish in my point of view with lots of news about adoption.
Cheerz