Hello Dear Traders, After launch of ETH , eth was looking like it surrendered to btc price action. bt today i deeply analyzed eth and i found very mature chart pattern growing strongly. currently eth is trading in rising wedge, lower trendline of wedge is giving strong demand whenever price touches boundaries of lower trendline and upper. Today we received the long signal from the Automatic Engulfing Strategy Bot. The price formed the descending Elliott waves pattern (1,2,3,4,5), it is commonly known that there is a high probability of forming two ascending waves (A,B,C). On the 1H chart, a bearish triangle is forming on the BTC/USDT chart. Looking at the fact that Bitcoin has failed to breach the $20k wall two times now, it might be time for a healthy short term correction. Support 1 would be my best guess where the price could reverse in .
Usdt btc tradingviewBTCUSD — Bitcoin Chart and Price — TradingView
Merry Christmas. BTC is facing resistance along the 0. Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema. There is no correction at this moment! I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance. Next resistance Videos only.
Will History Repeat itself? Remember you heard it here first! Breakout Imminent!!! Bitcoin potential breakout from triangle. Wyckoff Distribution says Bitcoin will go down,don't get trapped.
Update on previous idea. The facts are in the chart! Bitcoin reached nearest resistance Show more ideas. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part.
Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. The symmetric triangle was broken upward.
We have a double bottom, so it's too early to talk about a fall. Although all big TFs say otherwise. I have another Which one do you think will happen? This post is just a personal idea and not a buying or selling advice. During the BTC price instability we received the long signal from our Automatic Hammer Strategy, but, please be careful because the risk of this trade is high.
The technical analysis confirmed the strategy assumption. We can see the price is above the CPR and S1 levels. Now, it bounced off the S1 level and SMA which means that the uptrend is strong. Also the The RSI indicator is also confirmed the Technical analysis demonstrates the strong support level at the current price. There are the week support and daily pivot Support 3 line and, finally, the bounce off the RSI support line. Because the ADL Indicator demonstrates the continuation of BB squeeze indicates incoming price action in the short-term.
This morning's damp was big, but the bulls battled back pretty hard to get into a holding pattern for the rest of the day. On pure gut, I have a feeling we are gonna get a continuation of the push upwards.
This is short valid if 4h next candle breakdown the trendline Targets maybe fill the gap 16k9.