Head and shoulder forming on the 5minusally the head shoulders confirms the trend to turn to the downside after hitting its top of the rally
Btcsell
BTCUSD: Analysis using Ichimoku 14/07/2020H4
On D1, the cloud is directing downward, indicating an downtrend. The price also broke the downtrend line at D1.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 38.2%.
H1
At H4, the cloud is directing upward, indicating an uptrend. The RSI of H4 is not far from the oversold level, indicating a possible end of the correction.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H1.
BTCUSD: Analysis using Ichimoku 08/07/2020H4
On D1, the cloud is directing downward, indicating a downtrend. The price also reached a downtrend line on H4.
Conclusion:
Locally, we recommend selling when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing upward, indicating an uptrend. The price also reached a downtrend line on H4.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought level on the H1 near level of 9450.
Bitcoin next drop to 5600$Don't ask me how, when but this pattern show us a clear triangle that's heading lower to complete the ascending triangle.
You can read this in the link about the pattern and share your thoughts and like the button.
www.dailyfx.com
Bitcoin: Analysis using Ichimoku 23/06/2020H4
At D1, the Ichimoku cloud is directing upward, indicating an uptrend. Also, on H4, the cloud is directing upward, indicating the movement within the framework of the trend on D1.
Conclusion:
Most likely, a triangle correction model is being formed on D1. We believe that the price of Bitcoin could rise to $ 10,000.
RSI is overbought.
We recommend selling from a key Fibonacci level of 38.2% and 23.6%.
H1
At H4, the cloud is directing upward, indicating an uptrend. Also, on H1, the cloud is directing upward, indicating the movement within the framework of the trend on H4.
Conclusion:
Turning to a more significant time period, it is worth considering the sale from the level of $ 10,000. Locally, we recommend buying from the Ichimoku cloud. As a result, the RSI may form a divergence, which will be confirmation for lower of the price on H4.
Good luck!
⬇️⬆️ Honestly, Still a 50/50 Range For Bitcoin (BTC)💰 LET'S GET INTO SOME LONGTERM BITCOIN ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- We have been trapped under a major key level of resistance at 10k - 10.4k. This resistance level is the main level that will determine what happens next in the bitcoin market. I have labeled it as (King Of All Resistance) at the top of the chart.
- Notice in total that we have 7 wicks that have followed with the last 7 weekly market closes! When their is a lot of wick action at a critical level with no solid body close, this can indicate weakness for the bulls to breach to continue an uptrend.
- The last 3 weeks including the current one have all had lower bodies form with lower lows. This can be a bearish sign as we see price start to step back down.
- We currently are in a price range of 8.72k - 9.76k to develop the next major trend. Once we sustain a solid body of price price movement below or above these key levels, then we should have our idea on the next trend continuation to follow.
- Inside of this range we do sit around the 50% mark and are compressing with a DOJI candlestick pattern to indicate a lot of indecision. I do not recommend to play this candle here. Wait for a sold breach confirmation.
- Take into consideration that the red brick for our Crossover Strategy now sits above the current DOJI which can also represent bearish signs.
- The EMA DOTS indicator on the bottom does have an alignment of all 3 dots firing the same color. We use this to help identify trend reversals in any market.
- Remember that all of this is still in motion and will not close till (June 22, 2020) You always want to make sure that the timeframe closes for a more solid trade opportunity.
So overall we are just waiting for a breach on key S&R Levels as we sit at the 50% mark in the range consolidation. We are leaning bearish for now. Don't forget to use your tight stoploss on the breakouts and to never marry a bad trade! Cut loss when needed. Stay patient and let the trade come to you! Enjoy your weekend and stay safe!
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
BTC SHORT OR SELL TARGET DROP TO $8020 AND MAYBE $7500BTC confirmed the decline out of "Wedge Rising".
SHORT : $9250 - $9450
TARGET : $8020 , MAYBE $7500
STOP LOSS : $9750 .
Wish you good deals!
Continued Bitcoin Price CorrectionHello everyone!
Price moves within our trading plan.
At the moment, we expect a slow decline in prices within the correctional wave C towards the lower boundary of the channel.
In general, the price dynamics indicates weak sellers. As in the past, we expect continued upward trend in the future.
Good luck to all!
BTC Possible Down MoveBat pattern formed, all Fib requirements met, price wicked within sell zone D
now let's see what happens.
Shakeout, or breakout? My BTC intraday playSuperStoch exhausted pretty much on all TF's. IF we are still in range, I am expecting downside. Over the red line and we may see a bullish breakout. Risky trade due to halving fomo, but great RR ratio.
BTC intraday short opportunityPrice moved upwards as predicted in the previous idea. We are now consolidating under one of the major trend-lines, where breakout usually occurs on the 3rd TL touch, which leads me to believe we are up for more complexity to form some bullish pattern against the main TL, I'd bet on WXY running flat to sweep the lows first, therefore shorting the 2nd touch (if we get there) with a very tight SL above the high could be the play of the day.
Bitcoin's Evening Star Pattern The Bitcoin price is in the process of creating a daily evening star pattern, which consists of
Bullish engulfing candlestick (March 19)
Doji (March 20)
Potential bearish engulfing candlestick
The pattern would be completed with a daily close below $5400, which would take the price towards the range lows at $40xx.
Please leave a LIKE if you enjoy the analysis.
Bitcoin bull run Confimerd in daily chart!!Bitcoin bull run is been confirmed as the 20 MA crossed 200, whoever still waiting for 50 MA to cross.
A small pullback is been expected from 10,200$ mark
BTCUSD - Sell 10/02/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can sell BTCUSD from 10000
Stop-loss at 10200
You will find more trading ideas in SAV Finance community.
BTC USD SHORT - STRONG RESISTANCE - SHORTTERMBTC will go down to retest the Downtrend channel - after that, we will continue the uptrend.
Short - short term
Lets go to 7500 $ USD i think its more or less a flash crash to this target.
We have to shake out the last weak hands out of this market.
BTCUSD - thoughts part 2Just a continuation from my last post. I am learning and do not recommend placing trades off my charts
BTCUSD SellShort position
1.Strong resistance level
2.Rising wedge
3.Second retest resistance area
4.R/R is >1.5
5.TP 1 / 7393.
BTC (Bitcoin) still range-boundThe most popular cryptocurrency opened trading on Monday, November 4 with a 2.3 percent increase and a green candle to $9,423. It peaked at $9,597 during intraday and successfully broke above the 38.20% Fibonacci level.
Bulls, however, were not able to hold their territory and retreated to $9,311 on the next day, Tuesday, November 5. We saw the BTC/USD pair trading as low as $9,174 during the session.
On Wednesday, November 6, bitcoin was trading lower around noon but managed to recover in the evening closing with at $9,347.
BTC still ranging in the $9,500-$9,000 zone as $9,500 also is covered by the Fibonacci 38.20%
Expecting a drop below $9,000 in the coming days mainly due to the relatively low volume - between $22-$28 billion since November 4, still lower compared to the peaks in late October, and low volatility. Bulls seem weak and out of steam.
