BTC/USD -local trendline breakout -bullish cross fo 50 & 100MA -RSI holding above 50 level -upside target is up to 8100 dollars -stoploss below 100MA -market sentiment is slightly bullish
BTC/USD -Bitcoin failed to break downward trendline resistance -but manages to trade inside this bullish descending channel -200MA is acting as dynamic support on a 4H chart -technically, Bitcoin is on a 4H downtrend -key immediate support must hold is the 6400 area -if current price failed, next key support is at 6200 zone -trading inside this channel is...
BTC/USD -Bitcoin still flowing inside this triangle pattern -100MA is acting as dynamic support -key support is 6770 dollars -RSI is holding 50 condition level -if BTC can't break local resistance trendline -we might see a drop to 6500-6200 dollars -the sentiment is neutral to slightly bearish
BTC/USD -bullish scenario today -if BTC manages to get above 7k and pullback to 6.8k -hold 6.8k and break the resistance at 7.2k -bearish side, if BTC breaks 6.5k -we will see lower low down to 6.2k levels
First bullish factor in a long time, CME gap formed above 7k.
BTC/USD -Bitcoin is following my recent projection to the upside -Key support is now established at 6780 dollars -upside initial target is 7450 dollars -the RSI is back above 50 level which is a bullish sign -no major red flag today -the priority remains to the upside
BTC/USD -must hold the key support at 6733 -ascending trendline must keep intact -100MA acting as dynamic support currently -the priority remains to the upside -if the upward trendline is broken, the trade becomes bearish -crucial time for Bitcoin today
BTC/USD -a potential double retest of support -upside target remains intact -if a break of local support, next key support is 6700 dollars -bitcoin is ready for a large move within 24-48 hours -no major red flag yet
BTC/USD -two bullish scenario -BTC will retest new support at 7074 -or retest lower potential support at 6722 -multiple 4H MA bull cross, signals upside momentum -the RSI still holding above 50 level -the priority remains to the upside -no major red flag
BTC/USD Bitcoin broke the trendline resistance and the 200MA on the 4H chart. If BTC can hold current levels for the next 24 hours, we could expect a potential bull cross of 50MA plus 200MA together. A good retest of old resistance turning into new support is also ideal for a Long opportunity. The upside target is up to 8k psychological resistance plus trading...
BTC/USD Bitcoin just hit the 7k level but failed to maintain the above crucial areas. The price is slowly going down but the Bulls still have the chance to make another attempt if key support 6500 dollars will hold as the 50MA coincide with the same area. This could be the last chance for the bulls to reclaim the 7k regions otherwise, the upside momentum will...
BTC/USD Bitcoin proves today that the bulls are still interested in the market despite the whole sector's uncertainty. BTC is technically forming a bullish ascending pattern which has the probability of breaking to the upside if the flat resistance is broken with convincing volume. Trading with patterns without confirmation breakout is a high risk especially...
BTC/USD BTC may have found new support at 5800 areas as the price immediately bounce from this region. If this is a true reversal stage, the double bottom area is at 5800 and targeting the swing high at 6800 regions together with the CME gap in between. The immediate priority is up and anything below 5800 will invalidate this bullish setup.
Bitcoin (BTCUSD) dropped below $6500 and is now trading around the $5900 support. We still have the "Gap" from 8-March, will it fill after the drop? Here you can find the most important support levels for Bitcoin on the daily timeframe: Bitcoin Daily Important Retracement Support (+Extension Targets) Bitcoin Ends In Adam & Eve Bottom Again, Repeat 2018/19...
BTC/USD BTC broke local support at 6500 and the price immediate drop by almost 10%. If Bitcoin fails to hold current pice at 6200, we could expect another leg down to previous Higher Low of support at 5800 areas. 5800 level would a good potential bounce play and targe the swing high at 6800 dollars.
BTC/USD Bitcoin is still floating inside this consolidation phase where the price is just trading sideways with a flat line of resistance at 6800 areas. The priority remains to the upside for as long the trend-line support and the 50MA on the 4H time-frame holds. No major red flags on Bitcoin but only showing some minor weakness because the longer BTC stays on...
BTC/USD Bitcoin is facing minor rejection at 6600 but the price action is trading above 100MA inside the ascending pattern. If BTC can hold this level for the next 24-48 hours, we could see a potential breakout to the upside as the bears failed to drop the price during its consolidation. A trading strategy here is to wait for the break of resistance and open a...