#BTCUSD has created a bear flag on the 4-hour chart. Repeated failure to hold above $9280 (Feb. 25 low) will boost odds of a downside break... a move that would open doors for a drop to $5,500
So, bulls need progress soon...
So, bulls need progress soon...
CryptoBullet
#MER Buy : 297 - 304 Sell : 320 - 340 - 360 - 380 - 410 Stop loss : 285
MER hit 384
4th target achieved
Profit so far : 29%
4th target achieved
Profit so far : 29%
More chances bitcoin may bounce here, otherwise this correction can go further downward.
To answer a question publicly, if ETH fail to rebounce here, we will have another correction wave.
Remember, since the BTC ATH, everytime BTC found a bottom, it rebounced and dipped to a higher bottom.
Last time was the 6k, and the market seems to get to that level again
Remember, since the BTC ATH, everytime BTC found a bottom, it rebounced and dipped to a higher bottom.
Last time was the 6k, and the market seems to get to that level again
CryptoBullet
Binance signal #BNB Buy : 95-103 Sell : 110-120-130-140 Stop loss : 90
BNB 2nd target reached at 121
Profit so far : +27%
Profit so far : +27%
CryptoBullet
BTCUSD has an H&S on 4H TF, unfortunately according to the chart pattern,indicaters & market sentiment it still looking bearish, however we have strong support here,
As we said btc looks bearish & btc dropped lower than $8k.
After a little bounce, bulls again looking week, fuel may add into bear side, be prepare....., #FingerCrossed
Bitcoin : a digital currency with known & limited supply, an open global network, and not controlled by politicians.
US Dollar : a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians.
Which will win, longterm?
US Dollar : a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians.
Which will win, longterm?
Update BTC
Resistance ;
Resistance 1 : $10000
Resistance 2 : $12000
Resistance 3 : $14500
Resistance 4 : $17000
Support BTC;
Support 1 : $7500
Support 2 : $7000
Support 3 : $5600
Support 4 : $4400
Resistance ;
Resistance 1 : $10000
Resistance 2 : $12000
Resistance 3 : $14500
Resistance 4 : $17000
Support BTC;
Support 1 : $7500
Support 2 : $7000
Support 3 : $5600
Support 4 : $4400
Outlook: Bearish. Previous week's bearish outside-week candle and this week's negative follow-through suggests scope for drop to $6K (Feb low).
10-WMA will likely cap corrective rallies. Only a close abv. $11,700 would signal bear-to-bull trend change.
10-WMA will likely cap corrective rallies. Only a close abv. $11,700 would signal bear-to-bull trend change.
#BTC daily snapshot
24hr change: -5.89%
Back-to-back bearish doji continuation patterns indicate bears are in control and BTC could test $7.2K-$7K.
Only a close abv. confluence of 10DMA & falling trendline would abort bearish view.
24hr change: -5.89%
Back-to-back bearish doji continuation patterns indicate bears are in control and BTC could test $7.2K-$7K.
Only a close abv. confluence of 10DMA & falling trendline would abort bearish view.
If this chart is correct, it puts the price of bitcoin at $91,000 by 2020!
Tom Lee, managing partner at Fundstrat Global Advisors, said the big picture still has Bitcoin in a bull phase. That’s even after a 40% decline from the start of 2018, and a 70% fall from its all-time high in December 2017.
Lee compared the 70% decline to that of mid-2013, a retreat that was followed by a 700-plus day rally of more than 55,000%.
“March is typically the worst month for bitcoin, rising 1 of last 7 years,” was additionally noted in the chart.
Tom Lee, managing partner at Fundstrat Global Advisors, said the big picture still has Bitcoin in a bull phase. That’s even after a 40% decline from the start of 2018, and a 70% fall from its all-time high in December 2017.
Lee compared the 70% decline to that of mid-2013, a retreat that was followed by a 700-plus day rally of more than 55,000%.
“March is typically the worst month for bitcoin, rising 1 of last 7 years,” was additionally noted in the chart.
CryptoBullet
After a little bounce, bulls again looking week, fuel may add into bear side, be prepare....., #FingerCrossed
Hope you listened us, BTC Now at $7.5k, We have shared the warning at $8.2k, Get ready for our fresh insight & advise in below chart. We always believe in professional charting, so please if you have lil skills do not underestimate T.A, it will tell you a lot even more than you expected.