Guys, I did take profit on this trade at 54866. I saw that price action was showing extreme exhaustion at the micro trend line. Following that about a hour or two later, the market moved aggressively to the upside. Now that we are at the level of 58k for the right shoulder completion, we could see the market possible continuing in the opposite direction. The IRS...
BTCUSD - Intraday - We look to Buy a break of 58381 (stop at 57383) Daily signals are bullish. The primary trend remains bullish. 50 4 hour EMA is at 56125. Bespoke support is located at 56000. Overnight losses have been limited. Pivot resistance is at 58354. A break of 58400 is needed to confirm follow through bullish momentum. Our profit targets will...
BTCUSD - Intraday - We look to Sell at 57592 (stop at 58755) Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Pivot resistance is at 58354. Bespoke resistance is located at 57500. Early optimism is likely to...
With the third stimulus check for Americans to be dropped as of today it is a good time to take the time to look at what happened last two times. In april 2020 stimulus payout followed a quick drop of about 6% and then a 47% surge. In december 2020 stimulus was at the dawn of an immediate 60% rally. What will this time bring?
Hey there crypto pals. Just wanted to give you again the big picture on BTC. Check out the resistance and support levels to trade accordingly. A possible triangle forming on the 4h chart. If so, the breakout can take us again to the previous all time high. Buy on supports, sell on tops! Good trades
BTCUSD - Intraday - We look to Buy at 53671 (stop at 52466) We look to buy dips. 20 1day EMA is at 53700. Dips continue to attract buyers. Daily signals are bullish. The primary trend remains bullish. We can see no technical reason for a change of trend. Our profit targets will be 56942 and 57886 Resistance: 56000 / 57000 / 58000 Support: 55000 / 53400 / 53000
Looking at Bitcoin candle, I am expecting a BEARISH movement to occur soon with a potential rejections from our MA and EMA. The level I am currently looking at is the 461.8% fib level (also a support level @51635). I am expecting a full fib movement for now as BULLISH movement slows down. TP and SL is given and do note that it is a SHORT TERM trade opportunity. I...
Market Overview Price Action: Bitcoin took a large dump after establishing a new AllTimeHigh @ $62K. It has found a temporary bottom at $53K, but is still at risk of a larger fall unless we start to break some resistance levels to the upside, including the 200MAs, the upper end of the ascending channel, and finally the 61.8 Fib. Patterns: There is an...
With all this crazy volatility the last few days with Bitcoin and no clear direction. It looks like we may be forming an Ascending Triangle on the 1 hour chart. On the 4 Hour chart it looks like the MACD & RSI are in position for a golden cross which might aim this triangle with more bias for a bullish breakout but at this point we'll have to wait and see....
Plain and Simple Bitcoin Daily Analysis - 3/17/21 - BTCUSDT Yesterday, price action followed precisely my support line at 56K that seems to really hold well Stimulus checks will hit the banks and the market this day Plus Most of the week end retail FUD has been now dissipated. Great fundamentals then. On the chart, RSI is pretty oversold, macd about to...
I hope I'm wrong, but let's see the good side, it will be healthy for the price to be able to go up further in the upcoming days. This is part of an Elliott Wave analysis I made with a friend. Insane bull-run ahead. Just not now. Patience pays.
As I continue to manage this trade from the 59688 level, I see so many reasons to continue to hold this trade until 51163 level. I definitely want to thank you @smijas for having me to take a look at the divergence with the RSI & MACD. I am still standing firm on this position. I already have my position stop loss trailed in profit, so at this point it is a risk...
Over the weekend, Bitcoin made a new ATH and broke above 60k figure The bulls are tired though and look like they need refueling The channel support line is broken now and a drop to 52k horizontal support is probable from my point of view I will try short btcusd above 60k with a stop loss above 62k and 52k as a target
Hello friends, Bitcoin looks to have a buy dip trend by whale signal from us Watchtrend. We can expect from the 56K a new re-entery to 59K trend on day- trade and possible long term order. The markets looks now into A BUY DIP TREND. # AS its buy dip trend use a good stop limit and good riskmangement, as market can change in downtrend Discipline are...
I came across this idea of using chaos theory and converting them into Fib levels. Looking at this idea, i decided to plot out "wild levels" where we use the 4.669, 8.77 as the "wild levels". I took this even further and added the 11.09 and 17.94 fib level to the chart. What i found the most interesting is that the 17.94 fib level, represented the following bull...
This article is for those who have seen the "end of the bull cycle" on the bitcoin chart in the last two days. Why don't we think this is the end of the bull market? I will not hide, most likely bitcoin is close to the end of this cycle, but now is not the end and here's why: 1. The global uptrend is not broken. Even though in 2 days we saw a 13.7% drawdown, we...
I am currently in a sell position from the 59688 level and hoping to take profit around 51163. It is always healthy to trail your stop loss into profit, because we are not market creators. We are top down analysis traders. I have marked a possible pivot place where we could start to see some buying pressure and an aggressive reversal to continue the macro trend....
BTC / USDT In my last idea about BTC i discussed a possible retracment to 52k level but that didnt happen yet and price move above our ascending channel which considered as fakeout for now 52.5k still our key level of support price closed below 20ema for first time since 8 march Which suggest another drop to 52k Here is equal to 0.618 fib level and 50 ema...