We see a double top pattern occuring while volume is decreasing.
In my opinion I think that we can probably expect a trend revearsal pretty soon.
Share your thoughts.
Hello everyone,
This is a very exciting time for BTC. We see that it is in an uptrend hence its volume is decreasing.
This means that BTC is likely to drop to the 0.236 fibonacci level before we can see wether the bull run comes to an end (when the volume starts to increase and is paired with a downmovement in price) and will break through the uptrend that it is...
BTC is stuck at the same price level as long ago.
on the 1 hour chart we may seem the start of a head and shoulders pattern that could be the start of a trend revearsal.
If you saw my last BTCUSD analysis, you already saw this graph.
This is an update 1 week later and I have added the fibonacci retracement.
as you can see we were right about the downmovement of the price level.
now we find a support at the 0.618 fibonacci level and a resistance at the 0.5 level.
If the price can break out to the downside at 0.618, we shoul see a...
Goodevening,
This week I tried to predict the price of ETHUSD.
As you can see I just used support and resistance from previous price levels to see where this price would go.
this short position could make around 11% in one week.
The short triangle (flagpattern) that you can form if you look to the blue line, made it very clear when to go short.
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As we can see from the past, the price will most likely find a resistance around 11000.
If it isn't able to break through this price level, it will most likely fall back to a price of 9000 because we can see that BTC found support over there in the past.
