On Saturday, we drew attention to the bearish crossover between the 20-day SMA and the 50-day SMA. As much has not changed since that, we have no reason to change our stance and continue to think there is a good chance of Bitcoin falling lower (to the area around $27,00). We will update our thoughts once new developments appear. Technical analysis gauge Daily...
hello guys as you can see at the bottom of the chart I pointed out that the price touched the flip area, I mean: after that btc engulfed the last high and formed a QM pattern, therefor the trend changed from bearish to bullish!!! after that formed an ascending channel and keep it!! I believe the uptrend movement and long position because of the power of...
Since price has bounced before reaching our entry, it presents a good short trade opportunity towards our long entry area. Our long idea will come into picture after this short trade idea. Lets try this short before taking that proposed long since the opportunity is there. As mentioned the target should be the long entry zone around the LTF support.
Through the RSI we can see that bitcoin is extremely oversold. Whenever this has happened in the past, it has followed a rise in price. I believe that the bottom can be between 20k and 10k (not lower) and this is an excellent time to accumulate.
The price moved up and now facing some challenges in terms of resistance. The price is pulling back and likely to head down to the LTF support. This support lies around 29166-29236. I think a long is favorable from that support zone. The target of this trade should be 29560.
Hi everyone👋. I hope you have a great weekend .🥳🥳🥳. Today I want to analyze the structure of the waves during the last 4 days. 🌊The 5 impulsive waves that Bitcoin created were due to the of 🌐 MicroStrategy News🌐 and then started to form corrective waves. 🌊The structure of Bitcoin correction waves is Double Three Correction(WXY) . 🌊Bitcoin seems to have...
Hi, COIN has made quite a decent bottom price action but is it enough? Some months ago mentioned in the chat room that $50 can be the spot from where to grab it technically, and back then it worked quite well. The second option was after the breakout above $75. Currently, we have a break above $75 and for me, this is quite a decent breakout - this mini bullrun...
hello guys... as you can see, this coin react to the decision point and after that engulfed the last supply and demand zone, so it is possible it wanna touch the first supply and demand zone as well. on the hand this coin made a double bottom pattern so it is possible that this reaches $29510. _______________________________ always do your research. If you...
Hello Everyone, This idea is based on one of possible probability of Quarterly PO3. -July Month the price did the consolidation which can be considered as Accumulation. -July Last Week and August 1st Week Gave a downside move to the Weekly FVG & Weekly Inverse FVG which can be considered as Manipulation. - Now the Price is picking up momentum on Lower...
GRT presents a great structure on the daily with a break of the trendline and the formation of a clear head and shoulders. First target: 14.6c Second target: 17c The weekly also shows a promising formation that if it plays out would bring GRT to 50CENTS.
The best looking Alt-coin right now is BAND. It has a clear stop loss and has shown great strength to get above a historical support. Below you can see the trade and it's reasoning:
If you enjoy this analysis, please give it a like and a follow. MANA has been losing value for nearly 2 years at this point. However, I anticipate that there's some decent money to be made on MANA in case this falling wedge pattern plays out as I expect. MANA looks weak, and will likely lose more value in the coming weeks/months. I'm going to be very patient...
Greetings, TradingView Family! This is Richard, also known as theSignalyst. 📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend trading inside the falling channel in red. 📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further...
Hi all. Timeframe 1 week. ACMUSDT is in a downlink. Increased buyer volume. I consider long when the channel is broken/retested. Goals on the chart.
By completing the upward trend with a large upward shadow and a deep correction, you can advance to the first target floor
Bitcoin been showing some sign of strenght but nothing considerable.Another pull back to 28.8 is possible. Thanks for watching
Bitcoin is near a good support zone. If supported, it can go up to the red box at least. You should be careful with your short positions in the crypto market
Seems Like Has Getting Ready for Bullish Rally Formed Descending Channel In daily Timeframe Incase Of breakout Expecting Move Towards 10$ Keep Eyes On For Breakout