Bitcoin is showing some Strong reversal signs for at least short-term drop. Let's look at all those points that might be pointing towards a pullback or short-term drop for BTC - 1) Shooting Star or Inverted Hammer on Weekly of Bitcoin and on same time Bitcoin went up with decreasing and low volume which is VERY WORRISOME :- 2) Head & Shoulder on Hourly :-...
This head and shoulders pattern predicts a huge 30% drop. Let us know your opinion In the comments!
BTC is not looking any good. We see a descending triangle + head and shoulders pattern (yellow line). I am NOT expecting BTC to go further below the 58k level since this has proven to be a strong support level. If the 58k level gets broken and a daily candle closes under that level - the bullish run would be in DANGER and things will look very bad. Stay tuned.
Bake did surprisingly not surpass the previous resistance level at 2.10 USD. I see this however as a great buy-in change. Bake is currently struggling at the support level of 1.85 USD. I see two ways this is going: 1) (green line) BAKE will bounce for a while at the current 1.85 USD level and then continue the run towards the upside. 2) (red line) WORST CASE:...
The resistances marked in blue will make BTC reach 60-61k. Afterwards, the walk towards the moon continues.
Hi Traders, Please see one of our latest ideas on Gold. See below for further details. RL from RT_Trading
We've reached a major pull back point on GOLD, after some consolidation earlier today a drop was imminent as we started to loose upward momentum. If you missed the previous drop/rise today or got blown out from the spike, here's your chance to recover/profit. I'm expecting GOLD to make it's way down to the 1750 area in the coming days with minimal pull back. If...
Volume is still dropping correction inc as long we stay below upper line else power pump inc
Hello everybody, today is Monday and Cardano is not looking great yet. I am expecting ADA to go even lower than the actual level hitting 1.9ish during the week. I would not suggest any of you to buy now, I noticed a lot of influences and pages are pushing people to buy the "dip" when the actual dip is not here yet. This is my personal opinion, do not trade...
Are we repeating previous run? ending with a diamond top? Indicating a retrace to 37k. - Goodluck
A nice breakthrough and retest. Lets see price drop down to 0.91200
Since price has been failing to break and make new highs I forsee an avalanche. The convincing factor is that there seems to be a clean divergence in the RSI on the daily time frame. Looking for a break to downside. Of course nothing is 100% in forex! trade safe!!
What a drop for Bitcoin..........Wohhhh! Who could have done that!!! Not important, just keep going. We have found nice support on an important S/R zone and are holding up well for now. Let's see what we do in the coming days.
That played out way worse than i expected. I’m expecting another touch around 43/45k in the coming weeks. I’m starting to buy back in in the meantime.
Short-term price drop Rejected in two resistance zones. At least in the second support zone or the price may drop.
Bitcoin has been in the downtrend for almost 10 days and shows signs of wanting to fall further. If this time it hits its lilac resistance and goes back down, its fall will be more definite and it can easily break the 46700 resistance down. There is no definite opinion, but my opinion is that bitcoin wants at least a bigger drop, and heavy BUY ORDERS in the range...
Price is playing around a key structural area but is failing to push higher! Could this mean that price wants to push lower to take out the equal lows? I believe price will play around this area and lure some buyers in before it collapses to the lower regions marked. Once this has been completed we can look to buy! Let me know your thoughts in the comments below.
The current trend is upward ... but we see that the higher the price, the lower the volumes ... as well as the divergence of rsi and macd line indicate the weakening of the trend ... as well as the rising wedge pattern, which is a strong reversal pattern The price level of 40,000 or 42,000 seems to be a good support level ... If this level fails, the decline to...