Here is my idea about bitcoin , video is in persian language
must be carefull after closing on the neck-line for the bearish butterfly
if you have your market view, please share it in comments Also you can ask me questions... Have a great day everyone!
-->> Resistance rejected price -->> pullback on weekly time-frame
if looking for longs then look for two green lines $3526 and $3478
Watching this one unfold... Ready to make a move after the market seems to have decided. It is still a decent trade (RISK) to go long with a TIGHT STOP BUT their has been NO SIGN of a reversal (bear market being over) so the TREND IS STILL YOUR FRIEND UNTIL PROVEN DIFFERENTLY. Stay safe and do not jump into a trade.
Flag formation occurred. Points that need to be broken , destinations are specified on the chart.
It is possible to form the opposite shoulder and Shoulder formation. Wait for the neck line to break. The goals are indicated on the chart.
XBTUSD Technical Overview: Pivot: $6342 Day Trading Range: $6250 - $6630 Key Resistance: $6410 - $6450 - $6520 - $6585 - $6620 Key Support: $6364 - $6338 - $6281 - $6230 - $6150 Technical Indicator: Moving Average: Price is above SMA 55($6390) strong support & below SMA 100($6492) strong resistance for the day. RSI: Indicator show upside bias, moving above...
XBTUSD Technical Overview: Pivot: $6311.4 Key Resistance: $6354.5 - $6397.17 - $6431.5 - $6465.83 - $6542.43 Key Support: $6277.5 - $6243.17 - $6200.5 - $6157.83 - $6080.3 Technical Indicator: Moving Average: SMA200 ($6392.43) & SMA100 ($6452.78) Strong Resistance for Bitcoin today. RSI: RSI lacks downward momentum (above 50 level), forming a symmetric...
Bitcoin Technical Analysis Day Trading Range: $6400 - $6755 Key Resistance: $6574 - $6653 - $6755 Key Support: $6488 - $6430 - $6372 Technical Indicators: MACD: MacD showing heavy volume in upside bias. Moving Avg: SMA50 ($6352.20) Strong Support & SMA100 ($6735.50) Strong Resistance for the day. Technical Most Likely Scenario: Long Above $6400 with target...