BTCUSDT touched the 7375 resistance level last week and made a retracement. The pair is now trading near the 6185 support area and may bounce off this current support level.
BTCUSDT overcame the 6185 resistance zone last week despite the previous two long shadow rejection candles that were formed. The pair is now currently trading near the mid-range resistance level of 7375. If the bullish momentum continues, the next target would be the 8275 resistance zone.
BTCUSDT managed to trade above the 6185 resistance zone during last week but then got pushed back down. Last week's candle closed and formed a shooting star like candlestick which means that the bulls may have a hard time fighting the bears during this week. Currently, BTCUSDT trading at the 6185 resistance zone where the sellers are concentrated around this area....
BTCUSDT bounced off the 4470 support level and broke through the 5345 resistance level. The pair managed to close above the resistance level on March 18 and the momentum continued on the following day. BTCUSDT was able to break through the 6185 resistance level and barely closed above the resistance area on March 20 before it losing its steam. The bears came and...
Well, most of us didn't expect that bitcoin price would plunge to $3,000s level last week (I knew I didn't) at around the same time where coronavirus pandemic shocked the world. However, BTCUSDT managed to bounce off the 3660 support level (the same support for the pair in November 2018) and reached near the 6185 resistance level territory. BTCUSDT was struggling...
BTCUSDT managed to stay above the 8275 support level on March 2 and bounced off it. The pair broke through the 9050 resistance level on March 5 and stayed above the resistance level for a couple of days before the bears took over and gained control. The bears overpowered the bulls and drove the price down. BTCUSDT broke through the then 9050 support level and the...
BTCUSDT was unable to close above the 9705 support level on February 25 and kept trading downward the next day. The pair broke through the 9050 support level and closed below it on February 26. The complete three black crows candlestick pattern formed (daily chart) signified that the pair would keep trading lower. As expected, BTCUSDT was trading downward for the...
BTCUSDT was just barely closed above the 9705 support level on February 17. It bounced off the support level with a sizeable move the next day before it retraced back to the support level and closed below it on February 19. The pair was gradually trading up for the next four days and closed above the support level on February 23. However, BTCUSDT retraced again...
BTCUSDT bounced off the 9705 support area on February 11 after making a retracement on the previous day. The pair was then stalling for the next 3 days and it could not manage to close above the high (10370) of the candlestick formed on October 26 last year. It seems a new minor resistance is formed at 10370 area. The pair then retraced back to the 9705 support...
BTCUSDT retraced to the 9050 territory support area on February 4 and then bounced off that support level with a huge bullish movement towards the 9705 resistance level the next day. The pair managed to break out of the 9705 resistance level and closed above it on February 6. The 9705 pivot area then turned into the current support level. The bullish momentum...
BTCUSDT continued to have a strong bullish momentum and broke out the 9050 resistance level on January 28. The pair reached near the 9705 resistance territory on January 30, but was unable to penetrate the resistance level since then. BTCUSDT had a noticeable retracement yesterday (February 2), and the pair is now struggling to get back to the 9705 resistance...
As I was expected last week, BTCUSDT retraced to the 8275 support level. The pair was pretty much staying in that support area for a couple of days and then bounced off the support level yesterday (January 26). If yesterday's bullish candle still has that strong momentum, BTCUSDT may be heading back to the 9050 resistance zone.
As anticipated, BTCUSDT made a sizeable bullish move and broke through the 8275 resistance level on January 14. The 8275 resistance level then turned into the current support level. The pair was pretty much stalling for the next four days after that large bullish move. On January 19, BTCUSDT was trading above the 9050 resistance level during the day before it went...
As I was expected last week, BTCUSDT reached the 7750 minor resistance level and closed above it on January 6. The bullish momentum continued on the next day and it reached the 8275 resistance territory. However, BTCUSDT was losing its steam and unable to close above the resistance level for the remaining days of the week. If BTCUSDT manages to close above the...
For the entire last week, BTCUSDT was struggling to close above the 7375 pivot point. The pair made a reversal on January 3 after days of downward movements since December 30. As I anticipated last week, BTCUSDT might be heading to the minor resistance level at 7750, and at this moment, it looks like it's going towards it.
BTCUSDT was trading under the 7375 support level and failed to close above it on December 23. The 7375 support area has turned into a resistance level again. The pair was trading below the resistance area for 5 more days and finally close above it on December 29. The 7375 resistance area then, has now become a support area once again. BTCUSDT is now struggling to...
BTCUSDT made a huge reversal on December 18 and reached the 7375 resistance level on the same day. The pair was trading below the resistance level for three days after that but made a sizeable upward move yesterday (December 22) and closed above the resistance area. The previous 7375 resistance level has now turned back into a support level. If this short-term...
BTCUSDT closed below the 7375 support level on the day, December 9. The pair was pretty much trading sideways since then and had a sizeable drop in price on December 14. The previous 7375 support level has turned into the current resistance zone. At this time, it looks like BTCUSDT is heading to the 6850 minor support zone before it decides for a new direction.
