Hello guys We have a breakout trendline We need pullback to confirm the break out, and i think the price can fall below the yellow area that the investor can buy BTC and take nice profit (Investor: they dont need 40 or 50% profit the want % or more profit that have nice risk reward) because of this explaination, i think 10K to 12K its nice area for. TradingView Charts | BitMEX. Bitcoin has been rather boring in the past few weeks, just hanging around this consolidation zone. I have my eyes on this level off fibs, we have a bullish engulfing and now an indecision candle at the 38 I would like to see it test the supply zone and give us a decent break out of this consolidation zone Note: Supply zones are determined buy the last Green.
Bitmex btc tradingviewBTC Bitmex Sentiment — Indicator by ByzantineGeneral — TradingView
I am seeing a lot of these candles in this zone XBT has created new market structure and we are back to the price level pre covid There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong due to only a small consolidation zone before it meaning we could easily break though it. XBT is a no trade zone for me at this stage. I will be looking for shorts I am seeing signs of a retrace now.
I think we will see a bounce around at the 1st demand zone before potentially breaking down to the second zone XBT 4hr. LTC has been in a downwards trend for quiet sometime now. I am currently watching this current demand block. XBT looking very indecisive as we move slowly through this current consolidation zone. I am waiting for a retest at resistance to see if we can create new market structure.
XBT 4HR. In my opinion we bounce around in this zone for a few days before we see another move Current direction is up however trend bias is still bearish. In my opinion this looks like a key level and could be a hard level to break. Ripple used to get a lot of bad rep. You know, the whole centralized stuff Well, now the feeling is completely different, Ripple has become part of the market and we take it for what it is Another altcoin that can be traded for profits for those who have the knowledge, patience, and experience to do so.
I also believe that XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets. Education and research. Videos only. Top authors: bitmex. When will we move out of this zone! Two ways! Whos Ready for a Pullback??? Bouncing around the Just a idea, not gonna trade this blindfold, watch the previous chart and understand where is the confirmation point, like closing back below the high in the 4rd box, after taking the highs in the 3rd box purple , retest of the previous high have been a perfect short in the two Bitcoin, fibonacci mapping The price is following the fibo levels well, at the moment the 0.
So most likely, the price will take a breath rising to the region of 18, to decide if the correction ends or continues to fall. Target is clear on daily chart! Predictions and analysis. Videos only. Top authors: bitmex. Bitcoin breaked out!!! Bitcoin broke ATH! Next resistances near 24k and Sabbatical - by Satoshi Rastamoto with Lyrics.
ETH : recovering with bitcoin, bounce eminent. Bitcoin Perpetual Swaps v Spot basis suggest overlev longs. Bitcoin, fibonacci mapping. Show more ideas.