Bitcoin price can surge above its ATH soon if the upper trendline gets broken with a daily candle above it. Two scenarios are shown on this BTCUSDT daily chart. I'm more optimistic about the bullish scenario which shows BTC's way to its ATH price and even $70k. What are your thoughts?
BTC has been consolidating for a couple of weeks, but we finally witnessed the triangle on 1D timeframe to be broken on June 13th. We were expecting a pullback and then the price to continue moving upwards. NFA, but I'm buying in this zone: 37500 - 36900 for the following short-term targets: 37800 - 38100 - 38500. Putting SL at 36400. Disclaimer: This is...
As shown on the chart, there's a bearish channel formed after breaking the uptrend on the 4h timeframe. NFA!
BTCUSDT is still in a bullish channel though breaking out the channel and the uptrend will lead the price to dump. To continue the uptrend, the bulls need to hold the 54k - 56k support. Breaking above the red rectangle will lead BTCUSDT to new ATHs, probably above 70k.
Bitcoin broke the trendline and retested it with a nice rejection. Now we should wait for one of the red or green lines to be broken to find out the next direction. Breaking the green line means so bullish, but technically the redline is more feasible to be broken, and that would result in a very bearish market. $25k would be so possible. What do you think?
As my previous analysis (shared privately) worked very well, I expect the price to continue the bullish trend. Bitcoin price is showing a very strong uptrend. I expect the price to retest the 32.5k – 32.8k zone, then spike up to 37k and 40k eventually. What do you think? Comment below
My analysis of BTCUSD is simple and straightforward. We should watch and see if it's going to break above 14.5k or the bears will jump in at the longer-term resistance line. Bitcoin is more likely going to drop to the 13.6k support on the 4HR chart if 14.5k is not broken. If that happens, we might see a further drop to 12k. However, closing daily candles above...
Bitcoin price is forming a flag pattern which its breakout can lead to either a big drop ($11,600, $11,409, and $11,350, if broken at the button) or it might resume the uptrend up to the strong resistance line. Breaking the resistance line can lead BTCUSD to $12,4068 and $12,476 as the next resistance points. Past analysis and signals worked very well:
Everything is shown on the chart. Lower timeframes show a bullish trend while daily and 4h charts seem to be bearish, at least a retest to 11120. Bearish Signs: - 4H Chart: The bigger uptrend channel needs a retest to 11120 or even 10926 support line. - Daily Chart: supports the 4H chart and seems to fall BTCUSD to 11120. - The smaller channel needs to be...
Bitcoin price is has shaped a bullish-looking triangle and seems to repeat the spike up like the previous two flag patterns. I'm expecting BTCUSD to drop to 11,120 before continuing the uptrend, but we have to wait for the triangle to be broken which will show us the direction. Past ideas:
Looking at the 1H chart, the Bitcoin price is shaping a bullish flag pattern which might lead BTCUSD to $11,160 (target 1), then $11,647 (target 2), and $12,056 (Target 3). These are all strong resistance points that are supported by Fibonacci Retracement as shown on the chart. The longer-term also shows a bullish trend to be continued. But before we enter, we...
As you see the past idea reached the target and we re-entered on the top. Now Bitcoin is on the support level, and if it's broken, we will see a more reddish chart.
It seems that BTCUSD is breaking the support line and is going up to hit the resistance line. Do you agree with me? Long-term analysis
We see a strong bearish trend on a 1-day chart (the red line), but on a longer-term, the uptrend is not broken yet which is very critical. Breaking the uptrend may result in a major drop to below $10k. What is your take?
As shown on the chart, the triangle is broken out and we might see a bearish trend. The daily chart also seems to be bearish. What do you think?
As shown in the chart, it's more likely going to melt to below $10k again. Beside the trendline break and fibo retracement, a descending triangle pattern was created and broken to pull BTC to below $10,200. So, is this bearish trend going to continue? Your thoughts? Follow me for more ideas BITSTAMP:BTCUSD
USDJPY seems to be ending a nice flag pattern on the 1D chart. But before this happens, the down trendline needs to be broken which also needs the 1H downtrend reverse after a small retracement. There are other less likely possibilities that need confirmations. Meaning, if the flag is broken from the down side, then we cannot rely on a long position. Please note...
BTC remains bearish after a retracement to $6,800.