MACDThis is another classic indicator used by traders.
It's also a very quick and easy chart to read.
As you can see, we currently have a crossover which indicates lower prices ahead.
USDCBTC trade ideas
Moving AverageThis is a classic indicator. They are the 20 and 50 day moving averages. Others may use the 100 and 200 day averages for longer term trades. This is a good reference to check for quick, easy analysis.
Possible trend set up: re-test the 20 day around 7.2k for support..
..
...
we will see.
Bitcoin Lost Its Soul MateBitcoin left behind its lover in the 6k ranges, it will go down there once more to pick up its soul mate before taking off.
Heaad and Shoulders pattern might confirm - watch out!It's very likely that the pattern might complete. Pay attention to the neck line - if it's broken, then plan you trades accordingly.
Targets:
If the neck line (at approx. 7000 EUR) is broken down then the possible bottom or next entry might be around approx. 5800 EUR.
weekly rangein 7hr a new candle will appear most likely red range
low 6600
mid 7700
high 9500
or
low 6400
4800
3700
Bitcoin will start his own Bullish up trend soonAccording to my analysis method based on Ichimoku clouds, I hope to doubt the upward trend.
Max price is 5500$ for next 4-5 days.
Elliot + OCOWe have an OCO being finalized within the waves of Elliot
With the news about Bitmex using the balance of customers in Tether could cause the BTC to fall by breaking analytics
BTCUSDC PENNANT FORMATIONAfter last nights scare, we seem to be holding the bottom line of the pennant at the moment. Check the volume for the next possible move.
~LK
BTCUSDC Head and Shoulders - 1hr Chart Is this a Head and Shoulders forming on the hourly? Would love to know your thoughts.
Bitcoin Oversold, The King will RISEToo many bullish fundamentals going on looking forward. Institutional investors are putting skin in the game soon.
John McAfee gave a prediction of Bitcoin reaching $1 mil by the end of 2020!!!
Just my opinion :)
BTCUSD Signal Our recommendation for Bitcoin is to sell for several reasons:
1.As you can see in the chart above, the price is below the Ichimoku cloud that means we're in a downtrend and it's better to trade with the trend
2.We see very interesting support that has been supported twice in the past and has survived So we believe the price will want to go and test this support (3120-3200)
Sell Bitcoin: 3432
Stop Loss: 3550
Take profit: 3200
