Black dotted lines are support and resistance levels
交易开始
Checking corresponding wave pattern
注释
I see a potential CUP formation in the nearest future on BTC
交易开始
IHS in the making
交易开始
First support under test, 6850$
Watching the price action on daily chart looking really good, this might be the turning turning point.
交易开始
Confluence of support around 6700-6800 zone.
交易开始
交易开始
Finally, BTC was hit with bombshell of ETF decision date been shifted and the whole market go crazy, which broke down 6850 with full force and broke the last standing 6800 level.
Now we have a new scenario in play as next support level lies between 6300-6100.
We may have possible re-test on the previous level at 6800 before further drop.
交易开始
A corrective cycle seems to be completed.
交易开始
Weekly possibilities........... if weekly candle closes above 6345$ means price bounce of 78.6% fibonanci retracement of the last uptrend move (5754$-8515$).
Two weeks view show a formation of MORNING STAR on a strong TRENDLINE SUPPORT.
交易开始
Support to watch for on weekly 6125 6055 5816 5995
交易开始
Possible wave pattern:
This wave will be voided if BTC make new low: i.e if price closes below $5755
交易开始
On 1hr timeframe potential breakout is looming, price trading in a triangle
注释
Broke up next target is 6700/6800
交易开始
We may have this pattern if price manage to close above 6800$
注释
Please click on play button to read more on chart, support us with likes and remember to follow us for timely update.
Thanks
交易开始
BTC is pushing up gradually but we not forget the resistance ahead at 6700-6800.
交易开始
Extensive wave pattern well stated out. Immediate target still remain 6700-6800, that will end wave 3 count.
交易开始
Bearish channel formation, which at same time can be tagged as bullish flag.
交易开始
The flag broke up nicely.
交易开始
Bullish RSI divergence is making good shape right now.
交易开始
Good price action formation with great bounced, immediate target remain 6700-6800.
交易开始
Sellers condition: Price need to close below 6300$
Buyers condition Price need to close above 6635$.
Fingers crossed.
注释
交易开始
Sellers won this, BTC broke down.
交易开始
After breaking 6300$ down yesterday, BTC tends to continue downward with targart point situated at 5815$.
We may have possible re-test on the support at 6300$ before further drop or price may go straight down.
Note: If for any reason price find its way back above 6300, it invalidated this down scenario, then we may have another test on 6600$.
交易开始
BTC is consolidating again, and time for next move is near either pump or dump, here are some level to guide our trading decisions.
On the Pump side we got resistance on the following level: 6305 6425 6915 7100
On the Bear side we got support from these levels: 6000 5943
Magical Trendline support start here: 5829 5768 5680 Anything below these aboved mention support means we will start a new set of support which are: 5487 5346 5265 then 4k supports.
交易开始
交易开始
Hi guys the pattern break up and presently trading at the range of 6400/6500.
Next Resistance remain 6525 if this level break we will face a little fight again at 6600.
交易开始
BTC is re-testing the previous range level, this is good buy opportunity for target around 7100-7600.
交易开始
BTC is moving in BAT pattern, and Bearish Bat is forming at the moment with target around 6800-7100
注释
The above BAT pattern will be invalidated if price closes below 6140$
交易开始
Potential Invert Head and Shoulder fomation on BTC timeframe 4hours.
交易开始
Inverted SHS pattern formation is completed with right shoulder formed.
BTC is expected to rally up in accordance to the principle of ISHS targeting 7100$.
Stop Loss for the pattern is at 5900$.
交易开始
Inverse Head and Shoulder formation detected yesterday hit stop loss and price rally more down to test 5880 area.
Here is possible next BTC move. Its trading in a bearish channel for now.
注释
Considering the topic of this thread to be Magical trendline action on BTC, it happened yesterday we had the first test on the trendline at exactly 5858$ and price bounced off as expected.
Here is monthly view of the trendline
This is the weekly view of it
We also have the 3days view of the event as the trendline show it worth
Then we have the action on the daily timeframe with the trendline
We finally narrow it down to the 4hours timeframe to see how it behave on smaller timeframe.
Stay tune guys as the post will be continuously updated as the event unfold.
Thanks and please do click like button on this post as it keep me going.
交易开始
交易开始
We said BTC is trading in a bearish channel which is almost at the top of the channel, two things is possible here, either for price to break it or drop back down.