Buy above 14126. Stop loss at 13247. Take profit at 15391. Reason for the trading strategy (fundamentally): Bitcoin has been dropping strongly largely due to an SEC pushback that has led to several ETF proposals being withdrawn. There were several firms which were looking to list ETFs tied to bitcoin but the SEC “expressed concerns regarding the liquidity and...
Price is testing our major support at 15581 (ascending support line, pullback support, 50% Fibonacci retracement, Fibonacci extension) and a bounce could occur at this level to push price up to at least 17214 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 8.3% where a potential corresponding...
Sell below 15496. Stop loss at 16615. Take profit at 14126. Reason for the trading strategy (technically): Price is seeing major support from our ascending support line and also at 15496 (Fibonacci retracement, horizontal pullback support). We will only sell on the break of this major support which would trigger a push down to 14126 support (Fibonacci...
Bitcoin is testing major resistance at 15194 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance, bearish divergence) and we can see that there is a strong ascending trend line support that is squeezing recent price action. A break is likely to occur soon and we would increase our conviction of a potential drop if price closes...
Price has continued to test our resistance area at 15319 (Fibonacci extension, 61.8% to 78.6% Fibonacci retracement area, swing high resistance, bearish bat formation) and a strong drop could occur from this level to push price down to at least 12915 support (Fibonacci retracement, horizontal swing low support). Stochastic (24,5,3) is seeing major resistance...
Sell below 15016. Stop loss at 15791. Take profit at 12908. Reason for the trading strategy (technically): Price continues to test our major resistance area at 15016 (Fibonacci retracement, Fibonacci extension, bearish bat harmonic formation) and we expect a drop from this level to at least 12908 support (Fibonacci retracement, horizontal swing low...
Watch this triangle, part of the flag forming after the initial breakout above the previous resistance which now has become support
Bitcoin is testing major resistance at 15194 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down to at least 12915 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement). Stochastic (34,5,3) is seeing major...
Smart investors boughthe dip. Did you? After they went short and made good money after the rally was exhausted, but now they are getting in on the long side.
Price dropped perfectly previously to our major support level. Now we’re seeing major resistance below 14120 (Fibonacci retracement, horizontal overlap resistance, bearish descending resistance) and a possible drop could occur at this level to push price down towards 11258 support (61.8% Fibonacci extension, horizontal swing low support). Stochastic (24,5,3) is...
The third wave is typically long, obvious and clear. The psychology behind this can be summed up with the word greed. People are expecting massive gains in a short period of time. The sheeps have joined the flock, mums, dads, uncles and aunties are all talking about it. Fourth wave is sudden and expected. The bulls are exhausted and the sheeps need to be taught...
Tom Demark count gave a green 2 on the 4H chart. This is a clear buy signal. I expect the price to continue to rise up to 28 hours. Volume is low and MACD is on the middle. For that reason I do not forecast a new ATH on this bull run. Here is my trading idea: Long at: 14042 Take profit at: 16000 Stop loss: 12000
Sept 13th - Jamie Dimon makes a public statement that Bitcoin is a fraud. Price immediately plummeted 30% into the low $3000 range. Oct. 31st - CME Futures Annoucement Price rocketed ~220%; sending us to our current all time high just shy of $20k Nov. 17th - CME Futures Launch Immediate collapse of ~43% at the time this article is being written. This was...
Price has started to reverse nicely below our key area of resistance. We’re now watching closely as to whether price would break our key ascending support line which could possibly trigger a strong bearish drop towards 12923 support (Fibonacci extension, horizontal swing low support). RSI (34) shows that we recently made a bearish exit and could be the precursor...
We are on pretty solid swing low point for buy. Also D1 candle confirms that. H4 break EMA 36 and resistance acts as a support.
Price didn’t trigger our bearish scenario yesterday and instead rallied to a strong area of resistance at 15912 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to drive price down towards 12923 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance...
Sell below 15889. Stop loss at 17446. Take profit at 12840. Reason for the trading strategy (technically): Price has shot up without triggering our sell entry yesterday. We now see that bitcoin is testing major resistance at 15889 (Fibonacci retracement area, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong drop from this level...
Price has dropped strongly for Bitcoin since its high at 20,000 just 2 weeks ago. Now we’re seeing a strong continuation triangle pattern that suggests price could drop even further. Our major support is at 13434 (Fibonacci retracement, horizontal swing low support, triangle formation) and a break of this level could push price down to 11172 support (Fibonacci...