TradingView UK. Get the cryptocurrency market overview — bitcoin and altcoins, coin market cap, prices and charts. Join TradingView community of traders and investors. BTCUSD There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. In the . The market is in a side moment, where I can see a support at and another one in , in a uptrend movement. If the price will not break the first support I suppose that the price will bounce until .
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What's this means is that some of the signals that are usually very accurate tend to be ignored. We can see Bitcoin reaching a peak and falling strong the next day Bitcoin in a triangle pattern on 15 min chart likely to give upward breakout. While often interpreted as a continuation pattern, like all triangles, a symmetrical triangle is a neutral pattern with a slight continuation bias bullish in this instance. This could soon break Videos only. Bitcoin breakout trade.
There is no correction at this moment! I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance. Next resistance Videos only. Will History Repeat itself? Remember you heard it here first! Breakout Imminent!!! Bitcoin potential breakout from triangle. Wyckoff Distribution says Bitcoin will go down,don't get trapped. Update on previous idea.
The facts are in the chart! Bitcoin reached nearest resistance Show more ideas. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. As you can observe in the 4h graph, there is an uptrend from September to nowadays. In this uptrend , obviously, the price bounces from a support to a resistance, but with the last bounce the price does a flag i think.
The market is in a side moment, where I can see a support at 1. If the price will not break the first support I suppose that the price will bounce until the resistance and probably it will go back. If the price will break this support, it will go down to the next support.
We have to wait for I can see that the market formed a low, a high and a lower high point; The market went up quite strong, but retraced slower. As I have an imbalance in the zone that I traced in blue , we can maybe expect the market to come back covering the imbalance and see how it react at that level. Got to close above Otherwise we could see a very long and drawn out bear market extending up to 4 years.
Watch the next monthly cloese for a good signal. In a technical view, Nasdaq Target A corto plazo,