Bitcoin chart analysis - 26 May 2021
Bitcoin chart analysis - 24 May 2021
Waiting for pullback at round number support, 1.5000
If August 2020 candlestick is Pinbar, I would wait for the price go down a bit before enter buy. Buy entry looking at 0.040 zone
- The market is still in bullish trend. - Waiting for price to pull back at 0.4500. Start trading with startup money at www.instaforex.com
-Price keep making new Lower High and Lower Low which indicate bears are still strong. -Next psychology support level will be at 7500. Massive bull might enter to buy at level 7000 or 7500. -Current H4 chart show Doji candlestick pattern at the trend line. Price might do reversal and go up to make new lower high again. -For those who want to buy now, set your stop...
If the MA200 (green color) is going to be significant support level, price most likely will bounce up there. This can be opportunity to go long with SL at 8000.
Let the price break the support level first. This can be good opportunity for long trade.
Good RR for long trade entry with SL at EMA 50 or EMA 100
-The trend is still strong uptrend. -Let the Bulldog push the price to break the resistance at 1.20700. -Good long trade entry would be at 1.20900
It feel like there is many guerilla traders enter the market. Whenever the price going down near 18000, they buy bitcoin. And when the price above 19000, they sell their bitcoin to take their profit. What we need now is a few big bull have the same interest to push the price higher above 19500.
Price is keep making new higher low and lower high. Hope this is the turning point for price to rally up to 20k and further.
-Price drop as many Bull sell their Bitcoin from the top. -As the trend is always uptrend, Bull eyeing level 18000 or 17000 to enter the market and buy. -Buying at 18000 with SL around 17k will be high winning probabilty trade.
-Price is moving up slow and steady. After bitcoin future launch, it tend to do a few correction before the price able to make new all time high (ATH). -Price almost reach 18000 just now. But it feel like bull secure their profit to soon before the price can reach to new psychological level at 18000. And as we already know, there is more bear now. And they would...
-If Bullish still strong, price will bounce up from the trend line.
-Price is retesting support level now. Daily Chart
-Overall trend on daily chart is uptrend. -Price broke the resistance and quickly reverse as bull taking their profit. -If the uptrend is maintain, high probability bull will put their buy entry at A or B for high probability trade. Daily chart look