BTCUSD 10k short term likelly1. Bullish divergence on RSI 4h
2. Falling Wedge that could possibly break up.
3. 10k is nice psychological resistance (which is also the target).
Bictoin
BTCUSD worse is comming.BTC is forming a mix of both HS and a Bear Flag. breaking out the support in red will cause another big dip. watch out and if you are long on btc set a tight stop loss because this may not be the end of the waterfall.
BTCUSD / H1 : One more short at 11.2K.. adding to 13K & 17KAfter the perfect shorts on both 17K & 13K (the indicators also gave a perfect signal on 14.3K but I simply missed it !!).
Anyway today another signal came in.. allowing me to reduce my stop losses again and afford a new reinforcement on this very nice Sinewave + Momentum trading signal right in a price area I was waiting for.
We're one step forward to the possible krash..
I'm not saying this will happen for sure, just saying it's getting closer to it.
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
Bitcoin ZonesI previously identified 2 resistance levels for you, which still stand. Whilst we pierced through and closed above R1 the Buyers are struggling to hold R1 as sellers push them under R1 level once again.
You all know, I am big move trader who seeks bigger profit runs, with clearly defined moves and clearly defined stop losses. With other indicators telling us that this rally is weak, I remain neutral on the long side. My previous Bitcoin analysis remains fyi (see related charts) . Many on TV have very small accounts with very short-term time frames and can trade these intraday moves, I have advised before, to trade Bitcoin with small accounts you will get chewed upand spat very quickly by experienced Bitcoin traders, however, that is your choice if you wish to ignore this advice.
Resistance remains at 16500 and Support 12500 - this is the Battleground for the Buyers and Sellers.
Bitcoin - Support to watchAs long as this support is holding, the bull trend will continue.
If candles start to close bellow this support, a shift in the market could happen fairly quickly.
Bitcrystals falling wedge Got a nice falling wedge here signalling the end of the bloodbath BCY had at the start of October, just worried about the lack of volume.
Expecting the price to drop down to the lower support level, where I'm planning to buy around 3k sats.
The first target is based on the upper resistance of the wedge, and the second on the resistance from August.
A simple BTC/USD idea for a simple long trade.We need to pop and hold the $1,000 physiological barrier, which we´ve done today (Sunday 26th March ´17).
Congrats to Bitcoin bulls by the way, it´s good to have you back.
The next price level i´m looking at to take profits is around the $1,039, (Fib 38.2 sweet spot) level.
This idea is just a quick one I wanted to share.
If you have any questions please ask away.
Safe trading!
Short-Term Bearishness on Bitcoin (Bitstamp)There are many bearish signals adding up all at once on the hourly time-trame. Moving averages, recent trend-lines and price structure suggest that the sentiment is "down-trend".
On top of that, we find some nice confluence between price resistance zones (yellow boxes) and important fib-retracement levels of the most recent price swing (61.8% and 78.6%, specifically).
