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BITCOINCME

BTC/USD TA Update (Weekly Bullish Candle - 14k Target?)BTC/USD Bitcoin closes the week above 10k regions with a bullish engulfing candle indicating strong present from the bulls during its rally from 6400s and now up over 55%. With the bullish cross of 12EMA & 26EMA telling us the weekly bias momentum has shifted to the upside after a strong breakout the trend-line resistance at mid 8500s. Bulls have a lot of space to work with if incase the 10k support fail, it has tons of support area to continue its uptrend if it loses the daily higher low. Traders who are looking for weekly higher low are definitely scouting once the short-term uptrend is losing, depending on where the area could the weekly higher low to form. Better watch out as I'll be looking for mid-term trade for Bitcoin when the opportunity presents itself.
BITSTAMP:BTCUSDLong
by PolarHusk
BTC/USD TA Update (10k Bull Market?)Bitcoin just entered the 10k regions and hitting key resistance area from previous swing High also the top ascending trend-line resistance of this rising wedge. The RSI is floating on overbought condition levels but this is what makes the price volatile when entering overbought or oversold levels. If Bitcoin will be accepted above 10k levels for the next few days, it may likely turn into new support territory before it fires another leg up as we know the BTC Halving is just right in the corner.
BITSTAMP:BTCUSDLong
by PolarHusk
1
BTC/USD TA Update (Bullish RSI Sign?)BTC/USD Bitcoin is already touching the key resistance area but still has room to go up as the ascending trend-line resistance of this upward channel is still 4-5% more. The RSI is painting as a bullish inverse H&S pattern and barely entering the overbought conditions. We know Bitcoin loves to move in a parabolic uptrend, we can't remove the fact that the price may overshoot this resistance area. Always be cautious as we are in the decision time today.
BITSTAMP:BTCUSDLong
by PolarHusk
BTC/USD TA Update (Pullback to 200D MA?)BTC/USD Bitcoin is facing strong resistance between 9400 - 10,000 and currently pulling back after two bearish candlesticks. Daily EMAs are acting as dynamic support, If BTC fails to hold 9100, we might experience a little drop down to 8900-8600 before potentially try another rally up in the coming few weeks. Bitcoin is still on an uptrend but would be much healthier if it will consolidate for a while to establish new strong base support for the market to continue higher.
BITSTAMP:BTCUSDShort
by PolarHusk
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.
BITSTAMP:BTCUSDLong
by PolarHusk
Bitcoin CME Futures TA Update (Gap Filled)Bitcoin CME Futures Bitcoin CME filled the price gap between 8763 - 8856 if this is a bad sign for the bulls, we may see the price reach our next key support area at 8300 - 8100 regions only after if BTC breaks 8500 support. Bitcoin is painting a bearish candle after filling up the gap and the price is trading below 26 EMA. The RSI is in the neutral zone and if the level reaches oversold conditions again, we might expect some reaction rallies from the bulls buying the dip at key support areas.
CME:BTC1!Short
by PolarHusk
Bitcoin CME Futures TA Update (Early Sign of Bull Run?)Bitcoin CME Futures Bitcoin finally broke this bullish descending channel to the upside and manages to get above the 200D MA and holding it as support for 4 days already. Bitcoin is quite looking bullish during its breakout, we can see an increase in volume and the RSI still has room to enter the overbought conditions if BTC can make its rally to the mid 9000s levels. Technically, when a coin gets above the 200D MA, momentum is quickly shifting to the bull's side but it still too early for Bitcoin to say that we must still be cautious that this uptrend is not a false breakout. Always keep your stop-loss in place whenever entering a trade.
CME:BTC1!Long
by PolarHusk
Bitcoin CME Futures TA Update (Watch for Price Gap)Bitcoin CME Futures Bitcoin is quite looking bearish after breaking the upward trend-line of support at 8100 levels. We know that there is not enough support build during its uptrend from 7700 regions to 8500. And for that, the price could easily drop back to 0.5 - 0.618 levels to immediately filling the gap from the old resistance to potentially change it to new support if Bitcoin bounces from that level and hold it for a couple of days. Take note also of the multiple selling volume after it crashes below trend-line support. This is only telling us the downward pressure is strong, and if you are in a Long position. Be cautious about these warning signals.
CME:BTC1!Short
by PolarHusk
2
The BTC1! Futures look short!Quick short term update on the CME BTC1! (Futures) market. We can see a magnificent cup and handle being painted, except it is upside down, also deadly is the h&s hidden within this cup. This gives us a high probability that the market will turn south should the market continue on this volume. Support for Bitcoin is still at $9k to $10k on the shorter term and we can expect quite a lot of volatility should prices drop below $9k. Weis should be announcing their crypto ratings in a few hours from now, lets be patient and wait for the market to show us the way. Feel free to come chat to the market Wizards for free .
CME:BTC1!
by saintbitcoin