if price cant breakout 6300 level and going down to break 5800(50/50 levels) then price is dropp off.
if price breakout 6300 then price will be going to up levels.
Whats up guys ,
here we have a nice buy entry setup on the bitcoin .
Accumulation of :
- Bullish rectangle structure
- Double fibonacci retracement
- Breakout and future retest of the 4H downtrend
- Cross of trendlines
- 5th wave
- ABCD pattern ( heading to D wave )
- Support zone
There is 3 targets on the chart , I recommand to breakeven when the first...
Hello traders!
As you can see, bitcoin is forming a structure (triangle) that is about to be breakout.
This is a very short term analysis of what we expect to see in the next few hours.
Both possibilities are valid (bullish/bearish)
Let see what you guys think, do you think it will be a bullish or a bearish move?
I'll start by guessing that it will be a ...
I don't trade Bitcoin personally, but I can analyse most Forex charts and Stock charts from a technical perspective. Looks like this pair is heading into a Major resistance zone. With the right price action, there's the potential to get into a short trade.
Hourly chart formed a flag which had a false break out and stayed in a flag. There is fairly strong resistance/support lines forming a channel inside the flag. I would be willing to risk a trade on a strong break either side of the channel or pennant depending on how the chart develops. I see these to be short term trades with very tight stops due to the current...
Another update on my trading idea
We may be heading towards all time high "5k" with possible local correction
If it breaks through resistance in $4982 area, we will be looking at further up movement
Alternatively it may fold back in $4680 support area if resistance holds.
#btcusd #btc
#SmartInvestmentTeam
This crypto pair may be set to drop 30% through Oct. Its previous rally, which failed to produce a new high, only pushed RSI to 60 and the support before that makes the range from 40-60, very bearish. Price action/volatility has been decreasing. I'm not saying there's no value but right now would be a good time to look for a short or sit on the sidelines. The DXY...
USD has broken its downtrend line....I would think this will lead to lower prices for Bitcoin and all other Cryptos in terms of USD for the foreseeable future.
Is USD a leading indicator? We shall see. Long USD...Short Bitcoin right now.
Textbook setup, impulsive wave, breaking of downtrend and consolidating in form of a bullish flag.
Using a tight stop because watershed falls are still possible.
Blessings to you
On the 4hr charts we're in an ascending channel. Currently we have descending volume profile, a lower high within the channel and descending RSI indicate it may break to the downside to test support once again and then possibly continue the uptrend.
If we break downwards from the channel, we have fib support at 3820 and then major support between 3500-3600. Given...
Bitcoin isnt done yet, i expect 1-3 days more bounce in the 4400-4700 area, after that it should try to break 5k again, and within 2 weeks from now it should reach the top before correction (2 possible scenarios mentioned)
Trade with care :)
The scenario could be the same as june-july, october would be the second july with a selloff due to the coming...
![BTCUSD: BTCUSD | FREE Profitable Idea [i]](https://s3.tradingview.com/a/AcuP1nWk_mid.png "BTCUSD | FREE Profitable Idea [i]")
