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Btc4h

BTC/USDT BinanceBTC/USDT Binance 4H Hollow Candlesticks As the bull run continues, a parallel bullish channel has formed. If the price break out this channel, a new TA is needed. A Rising Wedge has also been formed, where the rule says that is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line. The Support and Resistance areas are also clearly visible. The Support point is quite strong and is based on the Golden ratio extension of the Fibonacci Retracement . Through a previous repeated movement that has been resized ( Bar Pattern ), we can assume a future movement of the #BTC price. Market Cap: $1.43T +0.89% 24h Vol: $54.15B +34.84% Dominance: BTC: 51.5% ETH: 17.5% Good Luck #CryptoHellas Team
by CryptoHellas
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BTC 4HR Analysis - A Failed Breakout. Do We Remain Long?BTC broke out of the bull channel to the downside last Tuesday in a mad dash toward $25,000, the bottom of the Weekly trading range. As the price curled up to test resistance and confirm the breakout, the price failed to fall lower and as the days ticked by, the bears gave up. This past Monday, we broke back into the bull channel hard and went all the way to $30,000. Do we remain long? Short answer, yes . We are just below the mid-line of the channel and the bull pressure is strong. I believe this is a great scalp opportunity to the top of the channel at a 1:1 Risk/Reward with a reduced position size. We still could fall to the bottom of the channel, so hold some of that equity for a bounce off the channel bottom. Wait for confirmation as always to ensure the bounce is happening, which requires a bull signal such as a pin bottom with a close near the high of the bar followed by a strong bull bar closing at or near its high. As always, trade at your own risk, you are responsible for your trades, and I hope this information was helpful. Trade wisely and let us know what you think in the comment section below!
INDEX:BTCUSDLong
by TraderEngineering
W Neckline Too Strong for BTC!!!???As i mentioned in this mornings' video, the 49.500 Resistance and neckline of the 'W' pattern (Green) on the smaller time-frames, is proving to be a challenge for the bulls. This has been a solid support/resistance area for qite some time now. In addition we just broke down from this wedge (Orange) on the 1h and now we need to see if we are going to be able to find support before or when we get back to the channel (Pink) that has been a strong resistance for several weeks until we've broken out of it to the upside yesterday. I'll keep you posted if anything significant happens. Check my previous posts, most of them are still relevant and will give you a better idea about my analysis and targets. Cheers and happy trading!
by DeFeye