Bitcoin has treated into resistance, where at a critical point here with a diagonal and horizontal level. I'm looking for a trade opportunity and will wait for a break of the current range. Everything explained in the video, not financial advice..
Bitcoin, Potential Break up of a trend line
2 main reasons
- Price bounced from the big value area
- 500m liquidations of long buyers that happened during 25 and 26 of April
MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
IF USD breaks out of this pattern it can put pressure on Bitcoin. So this is a very important pattern to watch
There is a bullish argument to this that I will need to make in another video...
I think bitcoin is in great zone to see a bounce as a lot bearish sentiment propagates and we just close a monthly candle which is looking terrible (I didn't discuss this in this short video)
Overall orderbooks still looking strong for Bitcoin the mainly only problem is the weakness coming from the altcoin market that could unfold massive losses in the coming weeks.
There are no certainties in the stock market. These names have shown good relative strength . This is an ETF based weekly charts that is designed to make money. This system is perfect for the person who works full time and still wants to follow trend and outperform the market.
Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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Kindly,
Phil
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Happy Friday, traders!
A short video with my thoughts (and utter glee) for Bitcoin falling, while Monero rises!
Also some thoughts on some of the other PoS blockchains that are going to be having a big 2022...
(NEAR, EOS... and more!)
♠️🤫🐿
#BTC/USD
$BTC broke down from ascending channel.
🐻 price can have a boring moves between $40k and $37k for days, then drop more to $35k.
and breaking down from support of $33k will drop price to $30k and $27k.
🐮 if bulls success to keep the support of $35k price can head up to middle line of weekly channel.
Hi All,
In this video post I cover significant levels of interest, including elliot wave counts, trend lines, RSI and Moving Averages to paint the picture .
Hope it will help you navigate this #BTC #BITCOIN price action
I will add some screen shots as well.
Please consider giving donations to help me put more time and effort into such videos or posts if you...
Bitcoin has traded into a major resistance level, whether it has enough momentum to push through or not remains to be seen. I'll be looking for a break re-test and fail of either the high or the low. My bias is bearish. Not financial advice..
