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BTC UpdateBTC 15 min chart gives us again mixed signs and mixed price action patterns. At the moment we are in "Rising Wedge" continuation pattern (down). Above we have a very strong area where we'd need a strong bullish candle to push through. However there is a problem - we lack buyers. If some whales decide to push BTC price up, only then we could break through that level. A small bullish sign is Ascending Triangle (blue area) that we broke out of and now we are testing this triangle resistance line. Let's see what we could get from this pattern (15min chart patterns do not work so strongly as higher timeframe patterns) so if we want to be bullish we have to watch price area between $6640-$6680 The Bearish sign is following the trend on the continuation pattern "Rising Wedge" and the trend is down at the moment, so if we break downwards from the bottom blue line then we have to watch our support level @ $6450-$6500! If we break this then we have bearish confirmation and probably the next support would be $6200-$6300 before the big $6000
BITFINEX:BTCUSD
by VaidoVeek
3
Bitcoin is continuing to rise up and broke the resistance level Hey Bitcoin is continuing to rise up and broke the resistance level of 7400 USD and also 7550 USD and now it's making a little bit correction but it's on the way to reach 7950 USD until the weekend. meaning it's a good time to buy now because the volume and the liquidity are increasing despite the profit takings. I see that new buyers are coming and that's why it's still moving upside. So pay attention when to buy and when to sell cause yesterday I got a lot of messages from people that made 300-350 USD profit per coin or people that sold on time and bought again and they actually made more profits.
COINBASE:BTCUSD
by LeoAbramovich
2