Bitcoin recently faced resistance at approximately $70,000 in early June and has since declined, trading in the low $60,000 range. Downside Risks: Should Bitcoin close below $60,000 on a higher-term timeframe, it could signal a major reversal, potentially pushing the price down to the low $50,000s Bullish Scenario: Maintaining above $60,000 and especially...
MA 200 is over MA 50. Once BTC closes with a green candle above the golden pocket, get ready to test 60k
Hi All, I made this chart with resistance lines back in 2017, and if you compare it to the current movement, its accuracy is on spot. use it wisely :)
Hello traders, BTC went above the green uptrend line and found support on it, but it hit the down trending red line. Currently, BTC is stuck in a triangle formed by the green and red line. Wait for a solid breakout with volume before you buy in.
Hello Traders, BTC is in a very critical point of either breaking upwards and end the bearish market or crash. Currently, BTC is facing a strong resistance (the white line). If it passes it, next target is the red downtrend line. I think we are going to test it soon. For BTC to start a bullish movement, it needs to go and stay above the red line. Otherwise, BTC...
Hello Traders, Ripple has been going sideways for too long. Even when BTC and LTC were going up, XRP was stuck. After getting close to the down trending channel, it started crashing. In the chart, you will find the major support and resistance levels where XRP and bounce back up. At the moment, XRP has touched the 0.96 support and didn't bounce back up with a...
Hello Traders, BTC might be forming an inverse H&S and you can trade it by entering early (very risky and would need tight stop-loss) if a candle closed with good volume above EMA 8,13, 31, 55 and EMA 55 (in red ) is below all three 8, 13, 21. Plus, in MACD blue line should be above the orange. A good indication would be a large volume like in the previous dip....