There is an idea that BTC still needs to have a correction. We saw good manipulative pumps few holidays. We saw a good attempt to move BTC higher again. But now we see that small investor is still is not ready to pull the price higher. Not now. And it doesn't depend on good news. Just not enough minerals (LOL). You can buy or you can sell shortly, but in...
As we mentioned in previous idea, the head and shoulders pattern appeared. Good time to enter a short position. The target is above 34500-33500. Good luck!
BTC continue to move down as we expected previously. There is still no buyers to continue the uptrend. Nobody wants to buy high. Reasonable. So the idea is that BTC should correct till 34000 - 32000 soon. Technically, we can see a strong level at 37300 on 4H and 1D Fibo. Manage your short positions carefully. Always remember that forecast is nothing...
Finally BTC has bounced from 29278 and is close to the resistance level of 35000 - 36000. The movement was quite predictable, as we wrote it before. BTC continued to move in its "profit channel". This week BTC has touched the bottom at the end of the week and we can see a good speculating effect of holidays. But it is early for BTC to go higher. If this bottom...
As we didn't expect - the rumours about BTC payments pulled BTC price higher than H1 downtrend channel. As we expected than - a good bounce from the resistance of 40500 - 40000 to the level of 37000 - 36500. The price now is about 37000 and we should share our trading ideas with you. The main thing is that we are still in a major sideway correction. It is on...
BTC seems to be quite predictable last weeks. The reason is H1 channel, that shows us flatting downtrend of BTC. As we expected the bounce from the support zones yesterday, there is an idea that the price can move down again. If that happens, we can see BTC retesting 31000 - 30000 zones with a new bounce effort. If buyers continue to show the interest, there...
BTC is still moving in the local flat zone. It couldn't brake through the level of 35000. Too much sellers appear in this zone. Some more FUD from China is also pulling BTC down today. So what do we have and what to expect soon? Technically, we can see that BTC has braked both H1 and H4 downtrend lines few times. So here we can speak about an effort to build a...
BTC is showing the local downtrend moving as we have posted in the previous scenario. We can see at least 8 efforts to break through H1 trendline and 1 good effort, that was also ended above 41000. The idea is that right now BTC meets a strong resistance of both trendlines. It can be another good time to retest the support levels of 31000 – 29000. May be it...
This week BTC lokal price reached the high of 35500 and couldn't breake the downtrend line. This local high now looks more like a bounce from last deep. Today is the date of futures experations on CME. We think that this bounce was made specially for big capital to come out as profitable as possible. Scalper Season analytics have an idea that BTC sale is still...
BTC weekend sale is going to be over. This weekend BTC followed the correction movement and now is very close to the strongest support level of 31000. This fall was due to several reasons. The anticipation of some traders for a “Cross of death” that may show a signal from bullish to bearish trend. More news for another ban by the authorities of the Chinese...
BTC brakes through the resistance. Good news for buyers, but it seems that we can see some correction before further moving. The road to next resistance level at 45000 is not opened yet. Scalper Season analytics have an idea that there is now 2 ways for the BTC movement. First one is to the level of 42050 (if there will be another impulse), than down to refuel...
Some ideas on BTC this weekend. This week byers did not manage to continue the growth of the BTC price. Yesterday, the price reached a local maximum at 38432. But BTC probably can break through the trendline in the near future and update the local maximum. Scalper Season analytics have an idea that there is now 2 pullbacks to fefuel before BTC will open the new...