MarketTradingTools

MarketTradingTools

Are we going to see bitcoin fall into the downtrend channel again or not? For the past month Bitcoin has been stuck between a range of 10,500 - 8900 almost. Im pro seeing it go below 8900 for a healthier cycle long term. I am expecting a downside and i am short on BTC. In addition to world fears of the COVID-19 virus and cases are hitting the fan with new records...

MarketTradingTools

Looking at this chart, We had a min downtrend that bitcoin broke out from after the pandemic and is bouncing on an old time support and resistance level from 8800 to 10500. This range has been more of a hard area for most traders to trade because there is no specific direction. Its also been a long time since bitcoin has been trading within a 400-800 dollar range...

MarketTradingTools Updated 

Forming a rising wedge on the 4hr, at a resistance level and a key point for post pandemic trauma. I am expecting a nice turn soon, if all goes well. But the only driver for it to continue its growth is a clean close with a nice candle above the red line and breaking the rising wedge.

MarketTradingTools

Respected the lower support it hit, and has a good price rejection from there. I am expecting $60 by end of next week.

MarketTradingTools Updated 

Nice rejection on the upper trend line. I am expecting to see FB at 220-218 range within the next couple of weeks. Could be a nice play for options traders.