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Btcud

BTC - Dead cat bounce now ! BTC just completeed wkycoff accumulation on the 4hr chart. This current dip was the spring in wykcoff schematic, where the retail traders long positions stops are hunted and bear trap for the shorts. I expect BTC bounce from here, this would be the wave B of the zig zag of the Y wave in this whole corrective structure from 20k While everyone was bullish on the bounce from 7k, I was very skeptical and expected us to hit sub 7k regions around 6600 in previous idea. That was on point. Hoping for bounce here to 0,5 fib level. Indicators are oversold and RSI hit some pretty extreme values in this dump.
BITFINEX:BTCUSDLong
by cryptnomic
5
BITCOIN UPDATE!We broke out of the correction trend Bitcoin has started 05/21 however we are still inside the retracement line from 10k so the bull run to 7420 USD this morning was good but we are still in the retracement trend where I still see some room for downward movement but this will be a small downward movement to 7180-7250 USD after which we should be exiting the retracement and start the new bull run which I have shown in my Bitcoin trading idea yesterday. So, traders you can buy now and HODL for the next 2 weeks and have 20-30 % profit or you can wait till it makes its last downward movement and buy it at a cheaper price for more profit, your trade your decision. Good Luck, Traders! Ashanti!
COINBASE:BTCUSD
by farhadjafarov7
BTC Decision Time (Again)Here I present the case for the bulls and the bears using 12 hour candles. We are currently range bound in a hold-your-position or no trade zone. (Yellow Triangle) This will play out by the end of the weekend as it represents the end of the range. Watch for Fake outs. Bulls - Reasonable support established in the $7600-8000 range off the back of a c.60% up move from the $6k lows - Interest appears to be returning and the FUD articles are fading - Arguable Inverted Head and Shoulders bottom has formed - Reasonable prior week candle close (good but could have been better) - Measure move Targets for this would be $11k + where additional resistance is found but this requires a break of the horizontal and - very strong diag resistance - Dumps have been met by large market buy orders and buy support below is strong - RSI is trending up Bears - Very strong levels of Horizontal resistance at $9-10k alongside multi week horizontal resistance. - A lot of long positions were opened to support the dip to 6k with profit taking on the short positions; price has recovered off the back of this but has not been met by the bears, meaning that they have reserves in the tank to re enter, there is no short squeeze fuel and the bulls buying interest is fading. - Generally the bid support on the exchanges is c.20% lower than where I would like it to be on an absolute level - Fall out from the wider stock market would likely see investors pull out into less risky asset classes. It would be difficult to defend a position in crypto. - Mac-d Looks toppy Hope this was useful. best filbfilb
BITSTAMP:BTCUSD
by filbfilb
13
BTCUSD - another wave of fallingBTCUSD is still in downtrend. The price made a correction wave and now we expect a new wave of falling to level 7250. If the price breakdown 7200 next supports level are 6500, 6000 and 5700. Glossary of terms Point of Control (P O C) – The price level for the time period with the highest traded volume . Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. Balance - Accumulation Area.
Short
by mooncatcherpro