Downloading...
Download

Bitcoinchart

BITCOIN - Technically The Good Areas For Trading!Hello dear followers and other TradingView users! I would like to point out one technically good reversal point (bullish) and one confirmation needed the bearish point! Bullish Reversal point consist (green box $7630-$7750): 1. 24.07 we had a breakout from the main trendline almost the last down trendline which was pretty significant and now we start to go and retest this area again. So, like the textbook says: if You see some breakout wait for some retest and You are ready to go! :) 2. 23.07 we break back above the minor trendline (blue) and this green box is located almost perfectly the major and the minor trendline crossing area! Crossing areas are pretty strong areas and there we need some power to push it down if we don't see this power then it's the perfect spot, but that's not all... 3. The trendline crossing area is exactly on the Fibonacci retracement level 62%-70.5%! So we have now three confirmations! 4. Also in this area, we could find the 200EMA , yes if the price goes a little bit sideways then it will be rise but not so significantly that we can't count this as a confirmation! 5. And the last confirmations I put in the same topic because those are not so strong and not so confirmed (a little bit sloppy) but there is a small green trendline with two touches and there is green line exactly on the Fibonacci level! 2in1 resistance becomes a support and the thin green trendline! 6. Little sign is also RSI Divergence but this is so little because this divergence is almost everywhere and does not work very well lately! So, we got 6 price action criteria from this area and if we get also from this area some candlestick patterns then it would be a nice setup! We could see there some bounce but how big that's the question because the whales start to lower the price and they want also jump on the board :) First targets would be then around $8200 Confirmations to confirm bearishness (red box $7410-$7490) we need at least 1h candle close in this area, if we got oue candle close in this area then: 1. We have break the round number area $7500 2. We have break below the main trendlin 3. We are back below the minor trendline 4. We have a break below the small green trendline So, we have a lot of 'breaks below'! First targets would be around $7000 Hopefully this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment, I like feedbacks! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
BITFINEX:BTCUSD
by VaidoVeek
30
BTC UpdateBTC 15 min chart gives us again mixed signs and mixed price action patterns. At the moment we are in "Rising Wedge" continuation pattern (down). Above we have a very strong area where we'd need a strong bullish candle to push through. However there is a problem - we lack buyers. If some whales decide to push BTC price up, only then we could break through that level. A small bullish sign is Ascending Triangle (blue area) that we broke out of and now we are testing this triangle resistance line. Let's see what we could get from this pattern (15min chart patterns do not work so strongly as higher timeframe patterns) so if we want to be bullish we have to watch price area between $6640-$6680 The Bearish sign is following the trend on the continuation pattern "Rising Wedge" and the trend is down at the moment, so if we break downwards from the bottom blue line then we have to watch our support level @ $6450-$6500! If we break this then we have bearish confirmation and probably the next support would be $6200-$6300 before the big $6000
BITFINEX:BTCUSD
by VaidoVeek
3
Bitcoin is continuing to rise up and broke the resistance level Hey Bitcoin is continuing to rise up and broke the resistance level of 7400 USD and also 7550 USD and now it's making a little bit correction but it's on the way to reach 7950 USD until the weekend. meaning it's a good time to buy now because the volume and the liquidity are increasing despite the profit takings. I see that new buyers are coming and that's why it's still moving upside. So pay attention when to buy and when to sell cause yesterday I got a lot of messages from people that made 300-350 USD profit per coin or people that sold on time and bought again and they actually made more profits.
COINBASE:BTCUSD
by LeoAbramovich
2