BTCEUR
In minute perspective continual resistance break trial observed Break sucess, forming upper trend heading toward $ 7,200 for short term
Break fail, retracing main support trend with high disappointed drop
SEE, $6,400 - $6,600 NOW PLAYS A STRONG RESISTANCE
This is why i HAVE TO say SHORT for short term Say if you are BTC driver
Halving's coming
mom and pop investors are sticking around
But you are rich, very rich. The rich want to become more rich and grudging even a little amount of profits endowing mom and pops
so contextual basis points that market's 2 possibility ahead : At least double bottom or New dip
And Technical analysis is also simple : big fall, big fly. Easy.
BTC approaching the resistance It looks exactly on the way to the resistance
but indicator shows it's celing for short term at least
Time to take profits and have a sit backward and watch.
HOW should market behave to be expected LONG ?
First It should NOT break the inclination of HEAD
Second, should SUPPORT at leat $6,200
Third, should BREAK $6,700 resistance
Otherwise, this overbought only meant to for SHORT the lagged.
Short term decending wedge : Small rebound expected In hours bar excpected is a brake for SHORT trend
Bitcoin Bearish J-Hook Pattern = Target $4600Marty Boots here
IN THIS VIDEO I WANT TO SHOW YOU THE BEARISH J-HOOK PATTERN THAT CAN BRING BITCOIN BACK DOWN TO $4600
LOOK AT THIS LINK BELOW FOR THE PATTERN , TRADING VIEW DOES NOT LET ME SHOW YOU ON SCREEN
www.feedroll.com
SELL BTC TRADEBest Buy Position According to Corona Negative News, the likelihood of a downturn is very high, so you can make a good profit.
See you later
GOOD LUCKY
SHORT TERM REBOUND POSSIBILITY
descending wedge
buy-sell-attack-defense observed
If rebound occurs, It might be the opportunity for SHORT users to join the market.
BTCEUR SELL: A solid bearish continuationIm taking a short-sell position on BTCEUR as I explained in yesterdays educational post (I believe Crypto is due for more losses based on my technical analysis)
What we have here is a wedge (or contraction in my books) leading to the 38.2% of the recent high to low of the swing of price.
Im targetting 123.6% of that move but will be happy to get out even at 100%... since I am a proactive trader I will monitor price action for any signs of an upmove reversal to collect profits and then if the bearish signs remain I will sell again.
There are many patterns in Bitcoin.Which one do you decide?
Inverted Head and Shoulders?
Falling Wedge?
Rising Channel?
Bullish Pennant?
Rising Wedge?
Ascending Triangle?
Equal Triangle?
Which direction do they all point?
touching trend line WITH LOW VOLUME indicates SHORT Possibility on short
volume still low
no sign of WHALE'S SWEEP
Clear trend of Ascending wedge
more beneficial IF market will intend to go down more and more
SHOR TERM BTC LONG 1. PREVIOUS RESISTANCE FLIPPED TO SUPPORT
2. Volume profile diluted
3. long beneficial proportion gap of loss and profit
4. Ascending wedge yet support not broken
5. Possible double top retracted
Thus, betting LONG, NOT BAD AT CURRENT FLOW
All you need is HODLI can see from here one LONG term scenario: calm climbing towards a new ATH (provided halving is in place in less than 50 days), than explosion to the upside few days after halving.
Looks like not a big leap how Market will streghten its bottom FRACTAL DIMENSION OF TOTAL COIN MARKETCAP NOV 2019 AND PRESENT
For short term, it MUST strengthen its bottom AT LEAST ONCE
For long term, if supports alive, accumulation will be compansated, ie. market fly.
