REALLY?! BTC BREAK THE LAST DOWN TRENDLINE!!
מעודכן
Hello everybody!
Last two days (even week) are been very bullish for Bitcoin! We have broken through the resistance after the resistance!
Now there is the question mark, do the 'big guys' want's to lower the price little bit and jump on the board with all this bullish momentum!
In the 1 day chart, You can see that this down trendline was almost the last correct down trendline and at the moment we manage to break through from that!
If we continue climbing then I can see that the first resistance are around $8400-$8500 where is also Fibonacci retracement level 62%. Lately, the Bitcoin price has recognized it very well but let's see again I continue to break down
this on the update section but at the moment this is pretty hard whales are here and whales playing with us a little game :)
Also more than two months ago we touched the 200EMA and now the price is above 200EMA. Yes, the day is not over, the day is just started but still!
8.4k-8.5k level is also this area where we will meet again over 4 months period with the 200MA so, let's see what this brings to us!
At least some interesting times on the market again!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You very much!
Last two days (even week) are been very bullish for Bitcoin! We have broken through the resistance after the resistance!
Now there is the question mark, do the 'big guys' want's to lower the price little bit and jump on the board with all this bullish momentum!
In the 1 day chart, You can see that this down trendline was almost the last correct down trendline and at the moment we manage to break through from that!
If we continue climbing then I can see that the first resistance are around $8400-$8500 where is also Fibonacci retracement level 62%. Lately, the Bitcoin price has recognized it very well but let's see again I continue to break down
this on the update section but at the moment this is pretty hard whales are here and whales playing with us a little game :)
Also more than two months ago we touched the 200EMA and now the price is above 200EMA. Yes, the day is not over, the day is just started but still!
8.4k-8.5k level is also this area where we will meet again over 4 months period with the 200MA so, let's see what this brings to us!
At least some interesting times on the market again!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You very much!
הערה
In the previous hour, we manage to push through from our upwards-channel upper trendline and at the moment found the resistance from $8000! We need to collect some data and we need an understanding of where and why the price wants to go!At the moment this is like a train without the breaks :)
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Here are the strongest resistance levels above us!NB: This $8372.4 matches exactly with Fibonacci retracement level 62%
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BOOOMM...almost by the PIP ;)Bounce back from the upper resistance green box which also matches with Fibo 62% level!
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Do not hesitate and hit the LIKE button! ;)Thank You very much!
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Watch carefully now what the price do! At the moment we are stuck in our mentioned level around $8400 and on the top, we have some bearish candlestick patterns formed and forming right now - Shooting Star, Doji, a little bit sloppy Evening Star and in the 4h chart (1h 15 min. to close - yes so much time, but just watch this) forming also Shooting Star! So be ready we might see some movement here!הערה
At the moment we have those bearish signs what I described above this update and in the 15 min. chart we have a breakout from trendline and retest!NB: My analysis is for the day traders, if somebody searches here some long-term signals then You don't find those here. This is for traders not for investors! Thank You!
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...and also we have a lower high (LH) and lower low (LL) which will indicates the trend reversal!הערה
So far it goes like we planned! First targets $8160-200There is a Fibo level 62% and resistance becomes support!
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BOOOOMM!! :)We are in this area!
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Our target plays out very well and after the area touch, we could see in 1h chart bullish Hammer (still red - this means buyers kicks in but the sellest is not dead ;) ) candlestick pattern! So, the bounce was from Fibo level, from support level, and this formed the bullish "Hammer" candlestick pattern
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Hello!At the moment we have either direction possibilities we just need some breakout confirmation! In the image below we can see the 15 min. chart and if 15 min candle closes above or below those marked areas (green box - to confirm short-term bullishness we need close above, red boxes - to confirm bearishness we need candle close below those) then this is a small confirmation because 15 min candle close is a little bit noisy, we need 1h candle close!!
IF we get close above the green box then we have a breakout from triangles and we just follow the trend!
IF we get close below the red box areas then we have a breakout below the triangles and we have also a bearish chart pattern called Head and Shoulders (a little bit sloppy but we could read this out)! Also in the 15 min chart, we could see a close below the 200EMA to confirm that!
So, let's see what the price do and let's see whether the whales want's to lower the price to enter the BTC with a better price! (they definitely want this but when) ;)
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We got this - "IF we get close above the green box then we have a breakout from triangles and we just follow the trend!"Let's see how this plays out!
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After the breakout, we have a retest and in the 15 min. chart we could see continuation pattern "Bull Flag"https://ttps://www.tradingview.com/x/ZbjHIleM/
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Soon I make an update, at the moment we could see a pretty bearish candlestick pattern in the 4h chart but let's see! We could go and make another trendline retest but this looks more than that! 17 min. to 4h candle close!I keep You updated!
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Nice and solid close above the resistance level! Closes nicely on the green! 15 min ago looks like here comes massive bearish signal but nooo...not right now :DStill short-term bullish view after that breakout from triangle!
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We are still fighting in the retest area! We got a second retest after the breakout (that was clean) and we bounced from there a little bit! One thing makes me cautious because on the second retest we got an LL candle close!If we move more sideways then we got also a little support from 200EMA in the 15 min. chart!
Have a nice day, night, evening etc. ;)
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Finally, this morning breakot and retest the triangle shows some bullishness! In the 4h chart we could see after the retest almost perfect bullsih engulfing candlestick pattern! So far nice criteria:1. Breakout from the triangle
2. Retest, retest ends with a nice bullish engulfing candlestick pattern
3. Trend is Your friend!
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New Update, New Topic! Check this out and if You like this hit the LIKE button ;)
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