We are flirting around resistance. Bitcoin is currently trapping buyers at the top. Don’t be that guy. We may range for a few more years before we aim higher. Be smart with your money and buy on support. 7k is more possible to happen this year than 20k
Before everyone goes full bear with extreme price targets. I am watching 7.1k, failure to hold could get ugly, one trendline to rule them all since 2018.. Currently flirting around the 200 EMA on the daily, failure to hold could result a bleed towards 7k. If 200 daily EMA holds we could bounce, will we hold? Who knows..
The 20 EMA has shown to be great support as well great resistance to the price of bitcoin.. A test and rejection of the 20 EMA could send us down to 6k and even possibly 5k.. Do as you please with your trades! If we fail to hold above the 20 EMA i will short this market without hesitation, if we hold above the 20 EMA my idea is no longer supported, have a nice day!
We have failed to make a new HH and have gotten rejected on the 8.3k range TWICE, thus creating a double top. A head & shoulders formation seems to be forming on the 4HR timeframe. My Target is listed on the chart for a re entry if this formation does play out. Trade safe and have amazing Tuesday!
Good morning! RVN has been a coin i have been keeping my eye on for a while. Price action is very much slow and little volatility going for it, maybe because we are at the end of the falling wedge that has been forming?
To be a valid, both the resistance and the support line need to have a “steep” down slope. The price should be narrowing into a tight range.
The...
Good morning fellow traders and speculators. We are currently at a strong resistance line that goes back from ATH.
So far we have minimum volume, why is that?
Was capitulation from 6k all the way down to low 3k? Many would argue, yes, that was capitulation. In my honest opinion, BTC isn't out of this bear market yet, i could be wrong, im not calling bottom or...
Good afternoon ladies and gents. Today I bring to you a XRP/USDT chart on Binance. On a daily chart I see a falling wedge forming? Correct me if im wrong but these bad boys break upwards, sometimes. BTC/XRP pairing is known for going against each other as one rises and pushes the other down, well, today we are not talking about BTC. Rather, XRP has been losing...
Good morning, here's and idea I had. I have seen BTC form what some call an inverse head and shoulders, although, many would disagree. I've leaned bearish on BTC on a past recent chart, but in this particular one i will lean bullish and play devils advocate. The fundamentals for crypto have been fairly good recently. Although, we wont see 20k soon, yet, 6-7k...
I see many many patterns forming on ETH currently, a rising wedge is one of many patterns i see playing out. Personally, i would love for this to breakout to the upside, but rising wedges usually break downwards.
This pattern is formed because of tug of war between the two great forces which move the price up and down, that is demand and supply.
These are...
