Within technical analysis you use indicators and price action to determine what the next most likely move of an asset is going to be. I love indicators, but I love price action even more. It works for me, it's simple, it's clean and there isn't too much hocus pocus. The downside with price action though is that you need to be able to observe price action in...
BTC.D is ready to go higher Resistance test and re-consideration
If this isnt the bottom we head for the cme gap at that 9600 range hold that support line and turn bullish again. If that does not hold, bitcoin rug pulls everyone.
COINBASE:BTCUSD likes to confuse traders with its price action. In the green circles, we can see the support break twice before the price shot up to resistance. Once price broke resistance, Bitcoin came down to the support zone and bounced off like a textbook triangle breakout. However, The support zone broke which makes it resistance again. Right now we can...
BTC daily candle closed below R1 and got rejected pretty hard shortly above it resulting in a quick 6 min sell off. Price looks to have stabilized. EMAs coming up for support, but Daily MACDs turned slightly negative. The 1HR chart has a bullish MACD cross but there’s heavy resistance up ahead so I don’t see it breaking out over next few days. Lows from the sell...
I would like to share with you a comprehensive analysis of where we are at with bitcoin. An explanation of why there is so much confusion, why nothing seems positive and where we could possibly be headed. This is something I have shared with Purple Crypto Premium members. I have here for you 4 charts drilling down from 1D to the 4H chart. It is clear we are in a...
Let's see whether BTC gonna break it up or down, targets in both cases are drawn on the chart
Well well well our last trade was a huge success, now I am looking at the big picture and trying to figure out what could happen next. Now btc is trying to hold a bullish line back from years ago (See green line on chart) if this line breaks down I have little hope for a bullish move until 3-4k. Fractals and ALOT of TA is saying 3k SHOULD be huge support zone, so...
key support and resistance levels, moving averages
Journal thoughts. Not advice.
Btc is currently testing a very important support level around 7.5k is really important to hold for bulls or it's looking like another wave down to around 4.8k. Watch what btc does the next few days and enter a longer term trade. This support is from all way back in jan 2018 so it's very important. If we break bellow it tells us that a high chance the breakout was...
Bulls broke the 6850 resistance with extreme force, now looking way better than before but still there is a huge resistance at 7.8k currently, if we break above 7.8k go long with sl at 7.8k. If we break bellow 6850 go short with sl at 6850. You can also short between 7550 and 7800 if you think btc is bearish but get out of any short at 7.8k. Please note that btc...
BTC/USD - Currently we are finding some nice resistance at a very expected level, the market looks really healthy and alt coins are setting up nicely although BTC can easily get rejected here and bring the market back down with it. We can see on the chart above, we have to create a higher high which would need us to close above $6,800 and continue to find...
Dear all, Short update on BTC, the rising wedge finally completed its retracement to the $6,700 area. Now we have 2 options: 1 - BTC candle 12h candle closes within 5hrs above $6,900 to preserve long term support In that case BTC will have performed a bullish triple bottom 2 - BTC candle closes below and it will visit lower supports highlighted on the...
hey guys , so as you can see , bitcoin is near a really heavy support level which we have seen touching it so many times , so i think its a really good opportunity to enter around 7000$ to 6900$ and wait until it goes around 8500$ whats your idea? please comment down below thanks ;)
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