BTCUSD is approaching our first major support at 8347.1 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal overlap support). A strong bounce could occur at this level, pushing price up to our major resistance at 9492.3 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance). A breakout of our intermediate...
BTCUSD: Price pushes off of 7605, touches 8604 in a matter of hours, BUT it did not close strong. This price action is apparent across the board and for me means ones thing: bulls are not in control, yet. The next scenario that I am anticipating is a failed low formation which needs to unfold above 7401 if buyers are to return and initiate the next bullish...
BTCUSDT is yet to form right-shoulder bottom. The selling pressure has recently increased as can be seen with increase in number RED volume lines recently. MACD is also bearish looking to go south. There will be a fall to 6666$-6450$ level and a quick touch and rebound back to this level from as low as 5800$-5700$ is also quite possible as the three light blue...
BTCUSD: Bearish momentum is in play now that the previous bullish trend line and 10754 support have been broken with conviction. This bearish scenario is still limited by the structure that this market is within which offers two specific levels to watch for a reversal. This kind of move scares people which is good for others who want to buy at better prices. In...
BTCUSD is testing is testing its major resistance at 11703.6 (Horizontal swing high resistance, 38.2%, 50% Fibonacci retracement ) and a strong reaction could occur at this level, pushing price down to our next major support at 9246.80 (horizontal overlap support, 100% Fibonacci extension , 50% Fibonacci retracement ). Stochastic (21,5,3) is reacting off its...
BTCUSD: Rebote y búsqueda de la zona de los 11000... Vemos reconocimiento del soporte (canal alcista de largo plazo) y búsqueda de los 11000. Buen momento para ingresar y tratar de capturar una ganancia de 30% en el corto plazo.
BTCUSD is back to testing our major resistance at 8057 (shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a long term descending resistance line hold price down really well and...
BTCUSD is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a long term...
BTCUSD: Price fluctuating inside a major support zone and hesitating within a minor overlapping support area. This area presents very attractive reward/risk for longs, but can it break lower? Big difference from the vertical markets of a month earlier, but this is reality. This is more in line with how markets trade. The good news is price is within a projected...
BTCUSD look to buy on weakness Buy above 11887. Stop loss at 10446. Take profit at 15221. Reason for the trading strategy (technically): Bitcoin’s price has continued to rise strongly and it also continues to obey strong technical as seen in our various Fibonacci retracements and projections. The recent swing low that occurred at 12720 was purely a 50% Fibonacci...
BTCUSD make symmetrical triangle and if btcusd break triangle then this going up
BTCUSD is right near a critical and important zone. This is one of those areas where Gann fans (pun intended) really get excited. We have a near perfect setup for some amazing volatility at this level: Price trading right on a .5/.5 square of price and time. Finding a bias is difficult here. Personally I am looking for downside momentum. Probabilities are...
BTCUSD: a correction zone is a short trade target zone Less is more!
Btcusd: wave 3 up to blue zone. Less is more!
Btcusd: technically there is a reflection point to b expected. That means waiting for bear signals to short for a long term. Less is more!
It is relentless, BTCUSD's move higher. I see a big move over the next couple of days past all-time highs. But, volatility is a consideration. Protect the trade with options .