Bitcoin vs. US Dollar | Showing weakness on 13H, more dip?!Hello, dear friends!
Bitcoin shows heavy resistance at 6600 and 6800 . On other hand we have higher lows, with demand/support zone at 6200.
On the left screen 1h chart, price stays above MA200 - which is bullish signal for us, lets take a look at history:
July
April
February
November
September
and many others times...
But when it comes to cross down the MA200 - this is a short-sell signal , so we should carefully watch this MA-breakout!
On other hand (right screen) we have MA50 and MA200 crossover (crossdown) at 13H timeframe, which is Bearish signal, combined with MA200 breakdown signal on 1h, we can get the confirmation of Short -entry.
Good look, if you have questions - please send comments.
If you think idea is helpful - press Like:)
Have a good profits!
Bitcoinpriceprediction
Bitcoin, Price prediction with Plan A and Plan BHello, dear followers, as we can see price found support at 6890 level which located at the top of Accumulation Support Levels *6800-6340*.
The Support level at 6890 is also come with MA50 Daily support:
So for Plan A we should use this level as Stop Loss for Long Entry. Targets are above 7280 and maybe with optimistic 7460.
Plan B will be activated as if 6800 level breakdown, so it will mean that we a going to lowest support level at 6300 and break the Red trend line.
Be sure you follow capital management and be prepared that could happen anything.
From Fundamentals we still pending ETF, so price will probably move nervous and in speculative character until decision are come.
Altcoins near good supports, but yet no trend reversal, so be careful before trade them.
Good luck, support the analysis with comments and press Like:)
Bitcoin Price and Signals overview, short-term prediction Hello!
#Bitcoin shows bullish setup, but...
There is 2 Bearish things :
1> RSI and Stoch RSI are overbought
* We should not blindly follow only indicators, so lets see what else we've got for Bitcoin today
2> 7800 Resistance this resistance is important since 2017 from previous bullish rally, as we remember from this level price felt to 5500 in 5days
So keep in mind bearish scenario before enter any trade.
Lets talk about Bullish scenario:
1> 7800 level, is important again to show strength again, like the bullish breakout of 2017 of this level:
2> Bullish Flag pattern: according to TA textbook we have target measured by flagpole - its near 8600 and MA200.
3> MA50 and MA10 Cross: this cross is used to spot early trend-change on Daily charts, so when MA10 cross MA50 in upward direction its a Buy signal.
4> Price trying close above MA100 in Daily chart, this is good signal of strength of bulls.
Not a best time to enter long or short on BTC/USD so better watch for price action after 7800, and I will keep you updated.
Bitcoin: Flip-Flop EditionHello!
Multi timeframe analysis is there.
Recently we meet Local resistance at $6514 (red horizontal line) Which is bottom of Descending Triangle (Red on 2D chart at left).
Now it need to break $6514, to move on higher resistance $735 2, which will be hard for bulls IMO.
If bulls will fail breaking this resistance, we will probably see reloaded bears for final rush to The Trend and Global Support, where the huge demand is located:
Global Support $4790-5000
Watch price movement on 1h chart and wait for price action in Yellow Circle, as here we've got 2 resistances.
Good luck!
Learn more from previous ideas:
June 13, Wyckoff Accumulation Process for BTC:
June 26, Bitcoin Price Prediction for 2018: