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. . BTTUSDT - Long - Potential % Entry- TP1- TP2- SL- - BTC Volatile - Manage Trade - RR - - Trailing Buy - % - Trailing Profit - 1% - Trailing Stop-Loss - No. BTC printed a small bearish flag (red on the chart) and it had a short drop this morning. Outside of this drop Bitcoin has a trading channel that is cycling down to a decision. Bearish scenario breaks down through the current channel and Bitcoin .
Btc usdt trading viewBTCUSD — Bitcoin Chart and Price — TradingView
This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective.
Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, 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. I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance.
Next resistance It was developed by our experts for intraday trading purposes. What does this Videos only. Will History Repeat itself? Remember you heard it here first! Wyckoff Distribution says Bitcoin will go down,don't get trapped. Breakout Imminent!!! Bitcoin potential breakout from triangle. Update on previous idea. Bitcoin reached nearest resistance Show more ideas.
Yesterday, the pair managed to break through the trend line, signaling a strong bearish movement. Consider Support 1 and Support 2 as potential areas of reversal. Do your own DD. This strong upside sloping support has formed since the corona crash in May. Since then, returns have been substantial for NEO. With recent bullish influx into crypto, I think we will see a lot of fireworks with the NEO pairs. Promptly, the pair reversed to continue its upward momentum. Consider Resistance 1 and Resistance 2 as potential exits.
Hello, dear subscribers! We can see that now price is on the very strong support level. There is a support line which coincides with the daily pivot level S1.
The another evidence of potential reverse is the bounce off the Bollinger Bands support line. We assume that We've all seen the massive drop of XRP two days ago. A potential investigation stirred the market after hyperbolic growth a few weeks earlier, leading to investors selling their XRP coins en masse.
XRP didn't fall all the way, though. The daily candles closed right at the lower support line of the channel, signaling a new way upward. With Bitcoin showing signs Hello dear friends, as you can see, my expectations for the breakdown of the level did not come true. This position is open, as there were opportunities to close it with a plus, but I did not.
The symmetric triangle was broken upward.