1HR Bullish - 4HR Turning BullishEverything lining up to be Bullish on 1HR and 4HR charts.
Bullish EMA Cross, bullish Wycoff Trend, and Bullish RSI divergence on 1HR. This should carry to the 4HR chart, and thus to the Daily.
Weekly and monthly trend is BULLISH.
If we close around today's highs, we may get a bullish hammer which should continue the uptrend.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
Longbtcusd
Bullish 200SMA & 128SMA Cross IncomingLooks like we are setup for 200SMA and 128SMA cross on or before 11/24.
When price crosses the 200/128 point, all moving averages line up for STRONG BULLISH MOVEMENT :)
We may have a down day or two before the strong turn. Final shakeout attempt.
Do not be discouraged by one or two daily down days this month. November and December and looking excellent for BTCUSD and GBTC.
Thank you for the strong support and comments from everyone. Please like, comment, follow, reply with your chart, or ask a question if you like.
I am not a financial advisor. All my recommendations are based on what I do.
$XBT $BTC all short term targets locked !! What's next?Here I put a chart about longing Bitcoin with my own fractal that I was using!! 12%+ up. max leverage 10x would have already doubled your portfolio too.!!
A weekly close above 9k will make is also really bullish!! Don't fight the market trend. :)
Enjoy profits
Here was my Idea :
Next one will be 996x for me. Idea here :"
Descending Broadening Wedge - Bitcoin DailyAre you painting a descending broadening wedge ?
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Just publishing this trade pattern because so far it is valid. I think the rejection of $4,200USDT was too short and sweet to not expect a retest, which would confirm this theory.
Will be interesting to see how this plays out!
This isn't my only theory, I chart all, and trade what plays out. Never be static in this market with your stance.
Bitcoin looking further Long side scenario level $7,000XBTUSD Technical Overview:
Trading Range: $6,430 - $6,788
Key Resistance: $6,630 - $6,676 - $6,743 - $6,788- $6,945
Key Support: $6,548 - $6,491 - $6,464 - $6,420 - $6,364
Technical Indicator:
Moving Average: Simple Moving Average 100 ($6,570) & SMA 200 ($6,574) strong support for Bitcoin intraday.
RSI: RSI lacks bearish momentum & strong support at RSI level 44.06, if it will break down than XAUUSD more down and vice-versa.
Technical Trade Idea:
Most Likely Scenario: Long XAUUSD $6,450-$6,485 strong Stop Loss $6,372 & target $6,620 - $6,676 in extension.
Alternative Scenario: Short XAUUSD $6,350-$6,330 Strong Stop Loss $6,482 & target $6,258 - $6,194 in extension.
Overall, The U.S SEC is expected to rule over another ETF proposal on September 30(Today). Bitcoin has been predicted to make a comeback towards the end of this year. Currently, the bulls are alert and are ready to spot all technical signals that will indicate the next swing towards $10,000. Bitcoin has experienced overstretching declines this year from the all-time high close to $20,000 to the current price at $6,756.
In the recent months the tussle between the U.S Securities and Exchange Commission (SEC) and the firms seeking a Bitcoin exchange-traded fund ETF) has done more damage to the deflating crypto. The authority is expected to rule over another ETF proposal on September 30(Today). The SEC rejected the other ETFs on the grounds manipulation among other issues.
Thanks
YoCryptoManic
Bitcoin Bullish Pennant, Buyer looking more forward aheadXBTUSD Technical Overview:
Day Trading Range: $6630 - $6945
Pivot: $6712
Key Resistance: $6757 - $6832 - $6885 - $6945
Key Support: $6664 - $6630 - $6582 - $6532
Technical Indicator:
Moving Average: SMA 20($6695) resistance & SMA 50($6508) strong support for Bitcoin today.
RSI: The indicator shows upside divergence & moving above level 50.
Technical Trade Idea:
Most Likely Scenario Long position above $6580 with target $6745 - $6810 in extension.
Alternative Scenario Short position below $6580 with target $6500 - $6450 in extension.
According to above Chart Technical says:
Long $6620 - $6650
Stop Loss $6572
Target $6745 - $6810 - $6885 - $6945
Thanks
YoCryptoManic
Bitcoin Trying to Get Strength Looking maintain at $6400 levelBitcoin Technical Overview:
Day Trading Range: $6200 - $6500
Key Resistance: $6430 - $6455 - $6500 - $6545
Key Support: $6343 - $6300 - $6280 - $6220
Technical Indicators:
RSI: Indicators shows upside strength, moving above 50 level.
MACD: MacD having volume between 0-25 level which indicate short term upside bias.
Moving Avg: SMA20 ($6291.5) support & SMA50 ($6419.12) resistance for the day.
Most Likely Scenario: Long above $6280 level with stop at $6142 & target $6430-$6480 in extension.
Alternative Scenario: Short Below $6280 with stop at $6430 & target $6200-$6150 in extension.
Overall Review:
BTC/USD has been creeping higher since September 8, well-supported by the upside trendline. A sustainable movement above $6,300 created a bullish momentum and pushed the price through the upper line of a triangle pattern (currently at $6,350), which is considered a positive development on the short-term timeframe.
The next resistance is created at $6,400 and followed by $6,442, which is produced by SMA50 (4-hour chart). This handle is likely to stop the upside for the time being; however, once it is cleared, the recovery may be extended towards $6,500.
BTC/USD is in recovery mode as long as it stays above $6,300. This psychological level is strengthened by a cluster of SMA100 and SMA50 (1-hour), located at $6,290. If it is broken, the sell-off is likely to continue towards $6,220 (the above-mentioned upside trendline) and $6,200.
Thanks
YoCryptoManic
BTC all the way down to 3kThe next support level is @ 3k. The biggest bubble since time immemorial has been confirmed. The general trend is still down. We don't expect a huge pullback at this moment in time. We had broken the pyschological level at 6k. We are targetting the next major support level at 3k.
You might consider buying bitcoin at 3k to make up your losses if you had bought in the 7k region.
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