11,000 did not hold so i am looking at two key levels which we can bounce from.10,600-10,800 is a local support and has been tested before so it will likely not hold. If we bounce at 9.7k that's a long as we will form a double bottom , but 78.6 FIB is around the 9k region so i think we will see the 9.1-9.3k region as both the supports have been previously tested...
As expected we bounced off the green box and currently consolidating at 0.5 FIB , We need to move above 0.5 for me to get bulllish and a Daily close above 12,073 will indicate if there is any upside to come. Should we break the 11,000-11200 key support level i stick by my target of 9.7k-10,200 as the 10,800 support is weak and might not hold.
We failed to Break the 13,200 resistance and saw a 1k wick down to 11,550. IMO For the Next few days we will be trading sideways from 11,500-12100 . As long as 11,400 holds my bias is bullish and we will break out to test the 13,850 resistance zone and then to make new highs. This pattern is Valid until we break the Green Box, i'll be looking to accumulate around...
Found the best entry at 11,410 and took profits at 13000-13050. We are currently testing Resistance at 13,200 and a break of it will take us to the last resistance before making new high's , but RSI is overbought in higher time frames and it looks like it wants to retest , or we may form a double top at 13,870 and get rejected which will mostly take us down to...
The count is Bullish , we are currently testing resistance at 0.382 FIB. We broke out of the symmetrical triangle at 11,450-11475 which was a strong resistance established since June 25th now turned into support. Falling below the 11,450 level invalidates our bullish count. As long as we Maintain this level I will be bullish and we should test 0.618 FIB at...
WE got rejected at 0.786 FIB and currently are trending on the lower range of the channel. My bias is favoring Bearish as there is no enough volume. My targets are 9.7k- 10.2k. SHORT IT. Please leave a comment if you like my content. Many thanks.
If daily closes above 12,053 expect us to test new high's , but if it closes below 10,850 higher 9k's is inevitable. Anything below 10k is a steal , but if the trend continues to push higher i will long if daily closes above 12,053. Until then i am not risking anything. Trade safe.
We have just formed a new lower high and it would be very positive to see the price above the recent high's , but my bias is bearish and i think we will form our higher low around the 9k region. Let's wait and see how it plays. I will buy the dips
We bounced off 0.618 FIB and currently testing resistance at 0.5 FIB , If BTC pulls back this might just go against and fill our pockets. I will hold this until it moons , and if that means i have to wait an year or two i will. This is worth the Risk.
WE bounced off the support at 9.7k , guess i got my positions wrong or i was waiting for those 9k's to accumulate longs but we may retest the 9-9.3k one more time ( probably the last time) before me wake our way to the 16k resistance. we either get rejected at the 12.4k or at the 13.8k because bears are waiting to fill their shorts. RSI - Overbought. i'm...
20MA was acting as support and it has been broken and now I see Two possible scenarios for BTC , 9k-9.3k is a strong support region and bears should battle hard to break it ,but i strongly believe we bounce either at 9.3k or 9k. Let's see where we bounce , Should we break 9k region things can get ugly. Not suitable for leverage
I have 254-263 as strong support , break of that is invalidation. I will accumulate some at that level and place my stops around $243 This is how i see it playing out in the upcoming days. THIS IS NOT A FINANCIAL ADVICE.
This is not a financial advice. If you're long from 10k's this is not a bad place to take profits imo. If we break 13.8-13.9k region expect 16k quick. Trade safe peeps
MIDTERM , ENJ is holding 78.6 FIB level really well and trying to move higher. Entry 1850-1890 , STOP below 1700. T1- 2150-2200 , T2- 2600-2700, T3- 3400-3600. It needs to close above 1999 for any upside. Dont jump in , wait for breakout.
We have high chances of Breaking 10k and possible making Higher Highs ,and I am totally convinced we are in a bull Market as MACD clearly shows from 2nd July to Nov 12th , BTC price moved lower and MACD moved higher which is a divergence and it indicates a trend reversal. I think BTC will break 20k by end of the year. Thoughts and Comments will be Appreciated....
If $0.46 Breaks we shoot up to $0.58-$0.60 imo. I'm a Novice Trader charting this out. Any inputs and comments will be greatly appreciated as i am looking to correct my mistakes and thriving to get better at charting. Thank You.