As you see we have bear flag in 1h and lower time frames, rsi is really close to over sold, ma'10 gonna be the dynamic resistance and macd is lower than zero ... 9400 was one the strongest support areas in last week, but after drawing rsi divergence everything is possible even 7k area ... (rsi was in divergence for a week ! it needs to reset by price ...) last...
Guys rsi just broke the local support of a week! Macd went down and price is going down ... As I said before we have rsi divergence in 1h chart ... We have cross under in low time frames and also 1h in our way ... It possible to see a huge uptrend ... Keep your eyes open on chart ... If you see a candle below 9200 ... do short and set your first target on 8900 if...
In 4 days we had some touches in 9900 ~ 10k area we couldn't break the resistance(9900 is the local resistance in weekly and monthly) if you look closely to rsi you can see every time we tried to break the 9900 rsi went lower and lower ... this is a clear high divergence ! (rsi is yelling ...) And if you look macd its showing the way too ... it shows a range ......
We are still in uptrend and we touched 9900 one more time, As you see btc is trying to make a reverse cup and handle and also it will try to break mid line too (It did before too) So if we see a handle here it will touch bottom line (because of reverse handle) So I recommend you if you are not in trade, stay and watch market for next hours, it will touch bottom...
Guys this is really interesting rsi is back, macd is loosing power(bearish side) it means we have a chance to feel 10k again, we have confirmation above 9650 (it was mid line of channel) Lets look from another side We have support of ma 10 and 50 We have a bullish triangle :) It will go up (if Im right again ...) But always remember Trade with your own thoughts,...
I found some patterns in 4h chart. 1: Triangle 2: Cup and handle 3: Possible head and shoulder Which one will be happen ??? In 1 and 2 they telling us we have a big uptrend ahead But H&S If next candles are finishing below the 9500 I will do short ... we will go down to almost 8700 area ... there is a strong support there. If you see the ma's, ma 200 shows the...
After touching the top of this big channel and rejecting to the bottom, we are in the middle line for now. So keep your eyes open on chart I have to say we are still in the channel (9100 ~ 9950) Bulls still have a chance if: 1: making a candle above 9650 2: breaking the resistance in rsi 3: turning back the power to macd Bears still have a chance if: 1:...
Rsi broke the bottom line and price goes up ... (divergence) plus macd is loosing the power plus it failed break the high price (9950) and rejected, its time to take the chance to break the bottom price Tp1: 9400, Tp2: 9200 Please hit the like button and share, or put your comments, I'll appreciate that. Take care, trade safe.
Btc just confirms the cup and handle and also made a ascending channel too, rsi formed a channel to top, macd is higher than zero, 9650 has been broken, are we going to top ? are we going to test bottom of channel ?? Well In my idea we are be here for a while, we have ma's support in different time frames, we have a fresh rsi, so I think it will touch 10k at...
I dont have enough experience and this is the first time I see a cup handle, If you see my ideas I said im not believe in patterns and I like indicators, but its never to late to change :) I took my lesson and I will count on them too since now. It looks like btc is respecting to handle (cup is confirmed), rsi broke the last top and it support at the last bottom,...
As it looks price respecting to the channel ant it failed several times to break the channel, rsi getting higher and and price going lower (divergence), macd couldn't touch 0 zero (possible death cross), descending channel, ma's acting as dynamic support and resistance in other time frames too ... In my idea, we're going down for a while ... My target is 8750 Lets...
It didn't break channel yet, rsi didn't break last high yet, macd goes down and it shows a dead cross ahead, and also it wants to do a 1,2,3 descending candle ... Where it wants to go ? My first target is 8700 im choosing this price because of ma's in different time frames, 4h shows 8200 area, I will set another target when I reach this one, the situation will...
I can see btc making an uptrend cup and handle for it self and saying that I wanna go high ... But in the other side I have rsi, macd, descending channel and also ma's here which show me downtrend ... Personally mostly I believe in indicators more than patterns What is your Idea ?? Which way do you think it wants to go ? Lets talk. Like it if you liked it :D
Well I checked different time frames and I found out rsi is showing divergence and macd is moving to zero line and it wants to do a dead cross, a minute ago 1h chart made a descending triangle too. So in my idea it wants to go down, if you check my first idea about btc i said about ma's a lot you can find the possible targets there. I think the last bearish target...
As you see ma 10 acts like dynamic support here and it want to do a confirmation with price I can see BTC will touch several times 9500~9600 area for a while My side is long because as you see RSI and MACD are fully in uptrend and also we have crossover of 50, 200 ma ahead The other way of up trend is the red line channel, price respecting the up and down line...