Is Bitcoin going to stay bull in the next few days? Struggling MA 200 is what we are experiencing now. Historical resistance $9,100 is another obstetric that Bitcoin is facing. Local down trend resistance line is another point that is seems it is crossed by Bitcoin. Still a lot of analyzers do not believe this move is going to stay bull.
Here is the 15 min chart. modifying the Fibonacci, we see there is a resistance on 9,000 USDT which is not a new thing. If there is another bull move, 9,200 USDT might be a really big obstacle. If it reverses and goes down, 8,300 USDT could be called a good support. Another chart with these three lines are going to be posted .
Bitcoin has been moving up in the last few days, and there are still doubt about if BTC is going to stay bull or not! It's very hard to find a correct answer, but here in the chart, there are three major resistance and support lines. I will have two more charts that shows 15 min and 1 Day view. Good Luck Trading...!
Just a quick look at the 1-hr Bitcoin chart. It seems we have a perfect XABCD pattern, and it is anticipated that in the next few hours we might see BTC in the $7,400 range.
Just by looking at the DMI pattern and the support that BTC needs, I believe it is even more likely to see the price going around $8,600. Again, This is Bitcoin and everything might happen.
Bitcoin is well-known to be the best not following the classic stock m arket analysis. Please zoom out to see the trend lines origin. Well, this is a scenario that I came up with for the long term. Since I'm uploading it via my phone, I apologise for drawing inaccuracy! Always be ready to get surprised by BTC ;)
Bitcoin is well-known to be the best not following the classic stock m arket analysis. Please zoom out to see the trend lines origin. Well, this is a scenario that I came up with for the long term. Since I'm uploading it via my phone, I apologise for drawing inaccuracy! Always be ready to get surprised by BTC ;)
We experienced one of the most common Bitcoin surprises in the last 24 hours. First surprise was back few days ago when the price dropped to $7,200. (Area "A") It dropped down to support line that shows in the graph for few weeks ago. (Horizontal line) What we have seen in the last few hours was testing the trend line ($9800). (Area "B") Whatever happened...
Trend line and the support line suggests that the price of BTC will be convergent in the next 24-72 hours.
Three doji after a bull run is usually frightening! That's probably going to bring SC down in the next few hours. The price of SC has been almost doubled in the last 10-15 days and now we're observing a three doji star right on top of the pick! But, these Stars are coming with "long legs". It's very suspicious how the market is going to react after this...
ETH has seen double bottom in the last few weeks with a decent volume. Buy Zone 1: It is one of the area ETH might reverse Buy Zone 2: This price range was a reverse point before. It is more likely to be the better buy zone. Overall, see the chart, study, and make a decent decision.
SHORT TERM BULLISH FOR XRP - IT PROBABLY GOES +5,000 SAT
as btc is moving up, altcoins tend to see their bottom in the mean time. 40000 sat is a decent support for xrp.
For a short time -- still some gain is good. specially when the crypto market is down.
Few things that would make it possible for the MITHBTC to break out: - Support curve line is going to its end (it's almost flat) - All time resistant line is touched and ready to pass over - Highest Daily volume observed - New trend line is Bull :)
USING FIBONACCI AND HARMONIC PATTERN 2HR CHART DOUBLE BOTTOM QUICK THOUGHT