Our weekly open is located at $22500 which will act as our pivot point for direction of trend. Daily open is $21300 which will be our immediate resistance level. BTC Still didn't manage to close above the 200MA $26800 on the weekly. The weekly closed below, setting a new record of 6 consecutive closes below this critical moving average. The bulls failed to...
BTC UPDATE H & S Pattern on a daily TF which is Powerful signal with confirmation ,a daily close below $40500-41000.The question is are we going to retest the $45000--$45500 range first before continuation of the downtrend. USDT DOMINANCE WILL NEED TO GO ABOVE 4.37% TO CONFIRM A DOWNTREND. THIS IDEA IS INVALIDATED AND COFIRMES A BEAR TRAP ABOVE $48000 AND WE...
From the daily perspective we have failed to close above the 20MA.momentum is slowly shifting to the downside, however still expecting a pump to fill the big shorts which will lead to a swipe below 30k.
If by any chance price begins to aggressively pump towards 6800 and keeps that momentum towards 6900 it might simply retest 7000, breakout and keep pumping, it would mean slicing through 2 liquidation pools voids (this is the large move I've been talking about, I don't know its direction and when it will happen, but as I scalp and swing trade I always turn back to...
WE ARE ATTEMPTING TO MOVE ABOVE THE 21 EMA ON HIGHER TIME FRAMES,GIVEN THIS HAS BEEN A HEALTHY BULL BACK WITH LONG WICKS TO THE DOWNSIDE SHOW ME THE BULLS MAY TRY ATTEMPT THE 9K LEVEL AGAIN.THE CME GAP IS AROUND 8950-9000,SO LETS SEE IF THE BULLS CAN GATHER SOME MOMENTUM THE S/T.
The Cup and Handle pattern is a chart figure, which has a bullish potential. The pattern could appear after a price increase or a price decrease.
This pattern is associated with a reversal of a downward trend in price. It is one of the more common reversal indications.
IF WE GET A WEEKEND PUMP THEN THIS WILL PLAY OUT
FORGIVE THE MESSY CHART
CLEARLY BTC Has FORMED A NEW TREND WITHIN ANOTHER TREND, IN THIS WE KEEP A LOOK OUT FOR A RETRACEMENT TO CLOSING THE CME GAP AND CONTINUE THE UPTREND. WE CAN CLEARLY SEE THE YELLOW LINE ACTING AS RESISTANCE, WE CAN EITHER FAIL TO BREAK RESISTANCE AND FIND SUPPORT ON THE YELLOW DOTTED LINE.IF WE BREAK RESISTANCE WITH ENOUGH VOLUME,WILL DEFINATELY SWITCH...