After its historical ATH, the price of Bitcoin reached a level where the need to correct it was not far from the mind, and of course, halving, which was also not ineffective in its fall. In recent days, we have seen an increase and correction of the price of Bitcoin on the range of $59,000, and if we examine this in the daily chart, we will see an increase in the...
The dollar index shows signs of weakness in rising and looks bearish. If it breaks the green range indicated in the chart, it is likely to fall to the lower gray range. For this reason, the currency pairs with the dollar will probably experience an increase in price.
Please check the liquidity levels and wait for enough reason to enter the market
there are some blocks in chart that you can see in 15m timeframe. These blocks are so important for trading because I believe that the liquidity can cause the bullish market and lack of it, is the reason of bearish. Change the timeframe to 5 or 1m, then waiting for reason of entering the market and change of moving price to the next block is more than 80...
Weekly The price is still in uptrend and it does not look that it wants to change the way. From the S/R view, there are many sell orders on the level 1940,1950 that 3 times stablished and it made the price to reject to pass 2070 but as you see in the following chart: the sell orders are almost finished and market want to start leaving the mid line and go to...
From June, bitcoin started to fall and maybe it is not a good news for a people that hodl it but as a matter of fact, it is the nature of the market. weekly chart, show level 25000 is so important and hope to work as support but if it breaks, the price can down to 22000 or lower and from the lessons that we got in last year, it can be possible. But if 25000 has...
The market tested some low levels maybe beyond the expected of many traders and analyzors but its the nature of this market and everybody like it. the level, 1890, is an important level and if it loosed, maybe we can expect to see lower prices around 1820 or much lower. But as personal idea and not any hint for buy or sell, I beleive the price will be jump...
As we expected, after the meeting, the price was sharply dropped , by the way, how we expected? The chart signed by two red eyebrow that the first one is higher and it means the price had the inability to make another rally and dropped. 1950 is such an important level that if gold loose it, it maybe dropped to 1930. Now let check the daily chart: The price...
According to fibo, level 50% is still not touched and we have a big resistance there. and also the cloud is formed. The next 10 days or optimistically in next week, we should have signs of changing the character of gold from bullish or continue of moving up.
According to change the trend in 4h timeframe, Gold need to break 1967 and 1983 to firmly continue the up trend. The possiblity of pull back to fibo golden zone is still on the table.
The scenario of gold is a little complicated by breaking the lower channel line but still there is hope to grow according to the block orders idea. Another aspect of breaking is fake break out that still on the table and we can think about it.
We study about bitcoin with two techniques, the first one using classical analysis using trends and channels, and in second I use my levels of demanding by using indicators.
@This is just my idea and no signal for buy or sell.@ seniarios There are always non filled orders in levels that when the price riched, the orders will activated. Then it does not mean to change the direction of trend but also it means a level will be broken soon or it is better to say, if a level touch more than two times, more than 50 percent it will broken.
Weekly chart show some bullish signal that market trend will change before new year. #chart #bitcoin #trade
If you draw your trend and channel correct you can easily get profit