BTC/USD Formation inverted head and shoulders can help test resistance zone at 6500
After it was dropping since the 8th of November, the price has managed to break the 20 days Moving Average for the first time in 4 days and it seems to start a slight sideways movement for the short term. From the technical perspective the RSI has a neutral position, the Stochastic is indicating that the price may decrease while, according to the MACD, we can...
I hope you are filling your bags cause we about to moon! Finally had the drop down and out of the bearish ascending wedge. We could go lower, to 6310ish but none the less, this is our last stop until moo (albeit next stop is 7150).
As highlighted, we could be forming a bearish ascending broadening wedge here. If either of these scenarios play out, then then launch us to 71XXish as per the target of the diamond bottom reversal. They might not play out, however keeping my eye on these as a very real possibility.
Diamond bottom reversal pattern if we can close the daily outside of the light blue trend line. Might find possible resistance at the light blue dotted trend line, and a subsequent retest of the purple long term down trend line; however the ultimate target would be 7100.
Hi, there! I’ve analysed the previous peaks and bottoms and I’ve seen the pattern repeats. As you can clearly see, it bottoms at 0.382 Fibonacci. It means we’re in the middle of the correction, what would match the idea of the NVT ratio. In the previous post, I showed you that the level of the NVT ratio is really high, what means that the price is about to turn...
Bitcoin is going soon to check again 7000$+ price zone. We can see a divergence on all indicators + it's reached fib. corrective target. Open orders only after you see a clear reversal pattern!!! Our first target is around 7000$ zone, a stoploss we can put under the support zone in case of break it down with a great volume only. I will update this trade...
Tether FUD has driven BTC up, but as I can see, there’s been a HUGE rejection and the price is still inside the small and the big triangle. That said, if it broke the small triangle upwards, the resistance of the big one would be nearly impossible to break. RSI 4H is about to turn down and RSI 1D has started to turn down. Also, if you count the waves, it was the...
The pump to 10K looks set to occur at some stage within the next 24 hours. Longs vs Shorts ratio is the lowest it has been since September 2017. When we had the initial pump to break us out of long term resistance on the 15th, the ratio of longs to shorts remained pretty steady as interestingly both longs and shorts both declined on this pump; this has allowed the...
About to enter the short squeeze sweet spot zone
BTC/USD Purchasing power is weak Trend bear We can observe the correction of falling to the level of 6450 - 6500$
BITFINEX:BTCUSD **BTC Update 16.10.2018** **What happened yesterday with the price spike of Bitcoin was certainly not predictable by any TA on Earth.** That is what we call a Black Swan event. Something unusual that happens out of the blue and changes the picture and predictions. So as now the dust settles bit by bit, we are going back to our technical...
Draft or spin-off of the BTC 33 Charts. Worth sharing to track.
So in my previous analysis' I talked about the coming final shakeout, however I had gotten the timing of when it would arrive incorrect (I was expecting it a bit earlier). Alas, it is upon us! There is a good chance we go down lower to about 6K as indicated by the yellow arrows which give us support at the solid pink support line; however we equally might have...
BTC/USD Expect a rollback to the support line of $ 6520 - $ 6550 from where it will be possible to consider purchases with a short stop 6420$ With target on 6800 - $ 7000
Nothing to trade for now. we have to break the "Orange" trend. All in the graph. Stay safe. Happy Tr4Ding !