BTC bears have lost control for this round. BTC bulls step in to take the wheel with the attempt to tag and hold inside the bullish channel (green lines) for an upside confirmed reversal. 200 EMA is first key resistance to the upside. Failure of lifting price by bulls will take us back to the bearish scenario with extra confirmation. Out of the market until...
Fundamentally bullish for Gold, mother of safe havens. Trade War, global economic slowdown and big size demand from many central banks. Fundamentally + technical demand > technical supply.
Anticipating break of the bear flag, targeting the gann extenstions. bulls, get out of the way.
Characteristic of the BTC bear market where price action forma squares. Stop hunt, consolidation and sharp sell-off.
Anticipating a false breakout of the downward channel followed by a hefty sell-off. Chart says bears in control. Still open to the idea that demand holds (with less likelihood)
BTC stepping into the hungry bears(monthly,weekly and daily) supply, clearing this supply means it would be highly unlikely to see a major BTC pullback to below 10 in the coming week. Consolidating above 11500$ will be the ultimate sign that BTC bulls are in control. I would be careful shorting except for an over whelming rejection at the highlighted supply level..
Scaling in throughout the buy zone with nice confluence of technical factors, a 4 hour bullish candle close would be enough to confirm the buy signal. same price level confirmed by the pair BCHEUR. BCHBTC ratio pairs indicating BCH might be soon getting ready to do one of its classic pops in the coming weeks. Buy pullbacks, trend continuation strategies recommend.
A daily close above R1 will signal the bulls are in control and the bull run scenario is gaining more momentum. Caution buying pulls packs as the is the most choppy price level of BTCUSD. Positions in profits are advised to de-risk and handle the FOMO. RSI is in the overbought region since the last bull run. THERE ARE A LOT OF SHORTS TO WORK through BTC wont spike...
Critical point at price 6.7$ pivot level and well respected trend line What is EOS going to do? my money is on the bulls
initial trade worked with half position, preliminary target met, adding in full position at pivot with controlled risk. Happy trading
Bulls riding the uptrend from the 5000$ mark have mainly booked profits and abandoned the run as the volume profile indicates. Price is ranging trying to find new demand but the price actin shows that there is not enough demand in this range for a breakaway up yet. RSI is trending downwards indicating withdrawal of buyers. potential Elliot Wave correction in play...
looking to short a retest to the trend line upon price action confirmation.
Looking to short rallies up towards supply post price action confirmation on the short term, with long bias on the long term near the 5.5$ mark