ATCryptoScan: BTCUSD About time to downThe recent price action stalled flattish with 4 days of doji... but overall, these doji have long upper tails. This means that with every attempt intraday to rise, eventually it is smacked down. Hence, selling pressure not tremendous, but enough to keep it in place.
MACD though a slightly lagging indicator, has already heads up that the daily chart of BTCUSD is in bear territory. Just need price to follow and complete the picture.
The window is opened for the revised target of mid-Feb 2025 accumulation at about 88,000.
Watch the weeks to come...
Citcoin
BTC LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the BTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
4/10 BTC EASY SHORT TO 33KHey there,
let´s just crack into it.
BTC is forming a Wedge, with at least has to form 2 highs (1 high and one lower high), which already happened, as well as two lows (low and higher low), while the second low could be formed when hitting our happy little box.
The area at 32.500-34000 could be a target, and if it is hit and it bounces, there is a good chance to create this wedge pattern.
7 out of 10 of these patterns turn out as a breakout, which means a bullish movement to the upside.
Anyhow, in some scenarios, 3 out of 10 turn out to be breakdowns, which pulls the price to lower levels.
The price target when breakouts appear is the length of first high and low, which marks the widest range at the same time. This is measured from the point the price leaves the wedge pattern.
BTC could rise up to prices of 48.000USD in January if this wedge breaks out.
Some breakouts to the upside tend to retest the highest high of the wedge, to find an already created support at that point.
Volume is okay- for a positive, healthy,y, and confirmed breakout, we want to see the price move up with high volume dynamically.
Rsi indicates not very much since this is a short term swing.
I will take this short, let´s see what it brings us.
If you are trading with stop losses you might consider placing some at certain points.
And as always,
happy trading,
gqt