amann1

amann1 Updated 

Bias towards the short as this has tested and failed to pass the 200sma on the daily. it has wicked a few time over the passed few days. Also being below the 200ma you would expect it to be bearish. i have added what i think the price action will be like.

amann1

Head and shoulder may be forming and if area is broken can see a move down to shown area. There is an imbalance in-between.

amann1

lets see if this plays. respected the trend. should hit the resistence above

amann1

Short, in a downtrend and will fall to strong support.

amann1 Updated 

Close above should bring a move to the higher resistance. 98pips ish 2:1

amann1

Could this be the likely outcome or does anyone think it will drop below precovid levels? before starting its move back up?

amann1

This is a quick 2 min analysis for the purpose of see how my charting works out. Any thoughts. We'll see how it goes in a few weeks.

amann1 Updated 

Hi all, feel free to like and leave a comment. Bitcoin is in a clear downtrend and there doesn't seem to look like a reversal just yet. It is still trading below all MAs. The MACD is still flowing down and does not look near to crossing just yet. The chart (circled) showed that there was a break down out of the lower trend channel and there was also a pullback...

amann1 Updated 

Likely to move up to thew 44/45k resistance because it has clearly respected the trend line. Will also wait to see if the resistance is rejected again as it will move back down to the trend line. After that any break of that trend will result in a strong move out to 30-32k region (demand zone) and there there should be a sharp rise back.

amann1

Looks like another leg up if this closes above the 50ma. We can see upside to target zone which was previous support.

amann1

Price has broken the upper trend line and is starting to retest that area. It is above the 50ma and volume is growing so is showing bullish momentum.

amann1

This is in a downtrend long term but short term it has bounced of a key support area to retrace back up. This will then hopefully reject the above resistance and make a long move down.

amann1 Updated 

Please like and share if you agree with this. clear break out of trend but can now retrace slightly to the blue line below and then into a bigger move upwards. It can also move down and bounce of the 0.618 fibbo which can also be a buy oppertunity. any comments or corrections would be appreciated.

amann1

A move down to the next zone if closes below support then a bounce back to match the overall trend.

amann1

Hi all, this is my prediction, clear down trend and if the support is broken and the daily closes below the zone the the following TP zones can be hit. MACD shows no sign of reversal yet so downtrend can still carry on. I am learning so and insight, corrections or advice would be appreciated. thank you

amann1

Two possible take profit zones? Stop loss placed just above the recent highs? any thoughts?

amann1

Possible outcome? the can follow the trend and fill in the lower gap. If in bounces off the bottom channel then a buy to the up trend line is hella POSSIBLE. Any thoughts?

amann1

Retrace back to the gap to fill and then a move back up the fibo levels? Any thoughts on this?