Hello dear friends, Considering just RSI as the indicator for the 4H chart, I see that it is repeating a pattern for the third time, which at least for the two preceding times, it ended up with gainful upward movements. If the downtrend breaks, I think it may be repeated for the third time. But personally I do not hurry for a long position, since we are not here...
While one of our previously indicated TP targets reached (see the related idea below), I wanted to take your attention to the volume indicator. See in the chart that how those high volumes accompanies with those high upside candles. I think that this may indicate the bull power, which in turn may cause the breakout of the major triangle to the upside. This is just...
A long opportunity has been provided (at least for short term) by a downtrend being broken. Please take your own risks and knowledge before any action, I always may be wrong (like everyone else!) Good luck!
As an update to my previous post regarding a long opportunity, I should say that now a bigger downtrend seems to be broken, alongside the simultaneous breakout of the RSI downtrend. Did you embrace the long opportunity as I did? If so, let's wait and see our targets being hit! :) Good luck!
Currently, many are waiting for another ATH in bitcoin by breaking the key resistance levels. To be honest, I myself will be happy too see that, since I managed to keep some of it for years and only buy more in dropdowns. I believe in bitcoin building the future of our world. But in short terms, it is very important that at what situations you buy it. Let's look...
I you have seen my two last post, I was waiting for a pattern to confirm the reversal of the downward movement. Specially, in the last idea (which you can see below in the related ideas section), I counted 4 reasons for why we should expect an upward movement (which I think unfortunately did not attract any attention, since I did not get any feedback :(...
If you have seen my two last posts, you may already have noticed that I indicated a potential upward movement near the bottom, due to RSI divergence and candle sticks patterns, and also the possibility of RSI downward trendline breakup. If you did long it at a good place, you may now be very happy! :) Now, if we look again at the 1H chart, there are some important...
RSI divergence plus Piercing pattern was detected in 30m chart, maybe a good opportunity for long. ATTENTION : Please note that it is a 30 minutes chart, and so the main bearish path may still continue in longer timeframes even if we really have an upward movement!
Just looking to see if a similar pattern is going to be repeated or not. If confirmed, I will go for a long! :)
Looking for a similar pattern to occur, then long it...
The struggle between bulls and bears has put the BTC/USD price in a range channel. As long as it is not broken in any side, we can expect this pattern to be continued. Please do not consider this as an advice for buy or sell! Only trade when you really do know what you are doing and know how to manage risks! Good luck!
Hi dear traders! I know that plenty of you are looking at the chart waiting to see if that boring triangle would finally broke to the up or down! :) Now let's have a look at the RSI pattern too in the upcoming few hours. Previous patterns in 1H chart shows that we may be in a very similar situation in which RSI triangle may be broken to the up from the same very...
The green path shows my previous analysis in which I warned buyers about a possible downward corrections. Though part of the path occurred as I guessed, but it did not continue further, which shows bulls are still very strong and have the total control of the bullish movement. Having this in mind, accompanied with the fact that both RSI and trend lines were...
I think that RSI divergence has shown to be a good indicator for possible corrections in BTC/USD. Now you can see one in the chart as I have illustrated with circles. So if you are going to long it, it may be a good idea to see if the possible correction may occur again or not!
In my previous analysis, I suggested that BTCUSD will have another bull movement towards ~40K where it faces a resistance, and then should decide weather it can go up further, or start a downward correction. Now, let's have a close eye using both trend lines and RSI in 1H chart. As you see, in the last two downward corrections, we had both RSI and price trend...
As I expected, BTCUSD reached to a higher end, where it came back from the top of a 1H channel. Interestingly, it exactly returned from the 37800 resistance point which I indicated yesterday (see the related link below). Now, I expect another bullish movement towards the top of the channel, and from there, up to the 40K $ resistance by breaking the upper...
After breaking previous top at 34800, now BTCUSD is stabilizing above the static pink line. This fact, plus the current seemingly continuing bullish movements, suggests that it can reach to higher levels, possibly near the top line of indicated channel (~37800). Please always take into account all risks and do your analysis before any decision.