BTC/USD TA Update (Early Sign of Weakness?)BTC/USD
BTC suddenly dumps over 9% after filling up the gap on CME futures. But manages to bounce a little at 200MA and downward slopping trend-line support.
There is now a new strong resistance at 10.3k and it is BTC 1st Lower High after breaking to new Lower Low.
There still hope for Bitcoin in a shorter timeframe but will have to take a lot of work to be done. BTC needs to defend 9.6k-9.3k support and from there,
we may see a relief bounce to challenge the previous High at 10.3k. The priority now becomes slight bullish to neutral in the short-term.
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BTC/USD Analysis - Fib Retrace if next resisstance not reached BTC/USD Short to Mid-Term Analysis on Exchange BitFinex
Actually BTC/USD 10315-10325
Weak Resistance at 10317 I think it'll will be reached today 12/02
Next Med-Strong Resistance at 10785 If not reached correction/retrace will be the next move If reached no more stop until 12K and likely retrace from 12K
So If retrace from 10785 i think short is bad idea, better rebuy 5% cap at 9550-9600 and see if it continue to goes down ( I think it'll not go lower than 9500)
If goes to 12K maybe you can search the top and short. In this scenario Imo will retrace to 10750-10800 or can go as low as 9800-9780 in worst case.
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BTC/USD TA Update (Retest Swing High?)BTC/USD
Bitcoin found support again for the 3rd time at 9200s area, BTC started turning to the upside and has the potential to retest the swing top at 9600.
If BTC can't break the swing High, there is likely a pullback at immediate support areas to push another wave up. Bearish side,
BTC will come down and retest flat support area for the 4th time which will add a more bearish factor that this line of defense against the bears will fail the next try.
BTC/USD – Daily Forecast Sep 16BTC/USD – Daily Forecast
Last week, everyone was focusing on the European Central Bank's rate decision, perhaps that's the reason we didn't see much movement in the Cryptocurrencies. The BTC/USD is now trading in the Symmetric Triangle Pattern, which is supporting the leading cryptocurrency at the 10,000 level along with resistance at 10,400 level.
BTC/USD Key levels for scalp trading.BTC/USD is currently in flat, but we still can find some opportunities for trading. Bitcoin broke through the trend resistance and confirmed the breakout. However, a loss of bullish momentum is clearly seen along with the fading volume. How can we use this data for trading?
1) If BTC consolidates near $3710, then the triangle will be formed and we could see a breakout. If so, BUY from retest of $3710 and place TP in $3745-3770 zone.
2) If BTC goes down from current level and breaks through 3690, then STOP is preferable from retest with TPs at $3670-3650.
Note: SL is required for scalp trade.
BTC USD DAILY CHART UPDATE (COINBASE) - 7 000 RE-TEST INCOMINGBTC USD DAILY CHART UPDATE (COINBASE) - 7 000 RE-TEST INCOMING. MARK UP AND DETAILS - SEE CHART.
BTC USD MONTHLY CANDLE PATTERN IS REAL STRONG (INSIDE CANDLES, TWO MONTHS IN A ROW - VERY RARE BULLISH SETUP).
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THIS IS THE LATEST UPDATE, SO PLEASE DISCARD ANY PREVIOUS ANALYSIS, THIS IS THE ONLY LEGIT REVIEW FOR BTCUSD RIGHT NOW.
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HAVE A GOOD DAY AND CATCH UP SOON,
NICE RYDERS
BTC/USD Back to 8000+ BTC/USD has broke above the 50 EMA on the 8 hour chart and is currently finding support on top of it. The contiuation pattern further down has thus been canceled.
We can see BTC/USD jump high next if the current supports hold strong.
Let's see how this plays out!
Remember, as always, unproper risk management increases your chances of failure no matter how good of a trader you are. Aim for consistency and being the best trader you can. But the last thing you want to focus on, is the money, the reward. The more you focus on it, the more greed takes places and the more you cloud your thinking.
Happy trading!
BTC USD RSI AnalysisBTC USD RSI Analysis
Analyzing the RSI chart from the previous bear market, I can see the need for the RSI to reach oversold in the monthly scale in order to think the bear market is over, which could happen in a sharp fall from the $6,000 area to $4,800 area.
However, RSI chart from 2014 tells us that RSI touched oversold in the Monthly chart twice, once at $290 dolls and another at $150 dolls.
Following this logic I could say or think about 2 scenarios
1st ::: A sharp fall from $6000 down to $4800 can make us touch the oversold for the first time, then the 2nd oversold area would be touched at the $3000 area, giving us the lowest buying point of BTC and the end of the Bear market
2nd and Worst case scenario:::: A sharp fall down to $3,000 will give us the first oversold signal, price could weakly rise to the $4800 area to fall again down to $1,800. giving us the lowest buying point of BTC and the end of the Bear market
What ever the case be ready for the next bull run, no mater how down BTC goes, this guy will rise again higher than before and will take us with him.
BTC/USD Consolidates at 6536.10 to 6445.30BTC/USD fails to hold at 6864.20 support and fell all the way to 6352.00 before heading up and bounced at 6445.30.
BTC/USD currently trades at 6508.50 and needs to break and hold above 6536.10 to continue to the upside. Failure to hold above 6445.30 could push prices to the next support at 63551.40
BTC/USD - H1 -Adjustment trends appear BTC / USD - H1 - Adjustment trends appear
(Applying FR and FE theory in tonight's livestream)
As you can see, the 1.08% BTC is at 141.4 and is tending to FE 161.8 at $ 7799 on the Bitfinex platform.
Current Update:
- Volume is diverging with a 1.08% increase in tone
- STC is at its peak
At the current Fib we waited for a 1.08% BTC rhythm to create two peaks at $ 7585 or move up to $ 7799 and correct
For me, the current TP is quite good in the 75xx area, I will see -1.33% to sell gradually this area
BTC/USD Looks PromisingBTC/USD had almost nor gains neither losses in the past 24 hours as the currency pair declined for less than one percent. However, in general the situation is promising as the main cryptocurrency established new highs during the weekend.
Let’s get down to the 4 hours’ chart to see what’s going on with the cryptocurrency. Bitcoin has tested the supper area at $6,510 during the weekend but failed to develop its decline. We have updated the ascending trend line according to the recent price changes.
Bitcoin went upwards later and the price jumped over the resistance area at $6,701. BTC/USD stays above this level currently, but still unable to make any further upside steps. We think that the currency pair is going to grow today again as we have a clear bullish flag pattern on the chart.
The next target for Bitcoin grows lies at $6,943. The price is likely to reach this area within one-two days approximately. However, if bulls are more active, they will be able to develop their progress and to reach even higher tops.
As for the alternative scenario, if sellers gain temporary control over the market, they will be able to press the currency pair down towards the support area at $6,510.
Checkthe full crypto cryptocomes.com analysis HERE>>>.
BTC/USD Short IdeaBTC/USD has history of respecting 50% fib retracement prior to turning direction. Price is also rejecting this area around 7,800, which would confirm a 50% fib retracement. Bearish activity would complete right shoulder of head and shoulders pattern. On the day chart BTC/USD is exhibiting pattern of a descending triangle. For educational and study purpose only.
BTC/USD *Still under down trend*BTC/USD
we need to break this downtrend and enter again to this triangle with a strong volume
this means we need to break 7100$ > * 300B Market-cap* <
after it our target will be 8500 - 8600 the end of triangle if btc breaks it next target gonna be 9600$
after we break 9600 with a strong 1D candle our target will be 20,000$
*Notice .. There's some strong resistances on our way btc should respect them*
BTC/USD broke out of resistance?BTC/USD has finally broken out of the triangle wedge pattern to the upside due to a sudden spike of 1k in BTC in a 1 hour time frame. It will be a confirmation of breakout if BTC finds support on 7500 support line or on the support line of the wedge pattern.
Currently on an oversold level for RSI, indicating high possibility of a pullback.
Once bullish breakout is confirmed, we can expect BTC to continue heading up!