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BTCUSD Double Top is forming and only after that dump is ahead As we can see the price was bounded here for about 2 days and in lower timeframes, it is creating reversal patterns like this double top if the price sees some more correction and break this local support and neckline then a huge fall is ahead. price need to retest Fibonacci levels and at least 0.38%. Targets and supports ahead : A. 42500 B. 40000 C. 37300 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
48
BTCUSD again touch strong resistance of trendline and is fallingAs we said before, there are two main resistances here after this 60% pump: First: 200 MA resistance of daily timeframe that we had analysis about it linked below. Second: New trendline that formed in lower timeframes like 4H and we can see it in the chart. So we need correction here technically and we are looking for targets like: A. 41600(50 MA support) B. 38000 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
12
BTCUSD 200MA & resistance zone can dump price or more pump?200MA is a strong resistance zone here for bitcoin and it can dump price soon, price break it once around 20-22 May, and retest near 26 May. But now bitcoin again reaches this resistance zone after 55% pump and without any heavy correction as we can see on the chart. so we may have some local range or correction here maybe retest 0.38% and 0.5% of Fibonacci levels and then the continuation of pump. Targets and strong supports ahead: A. 42000 B. 39000 C. 37000 DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
46
BTCUSD is near weekly resistance, breakout and 50K or dump ?As we can see the price now is near the last resistance left on the chart and can face some correction soon. Notice: we were strongly bullish on bitcoin and the market for a while, but now it is time to look for a lower price to add more or to sell here and buy again at lower prices. for sure the market is strongly bullish and it can easily continue too and long-term we are still bullish. Targets and supports: A. 37000$ B. 36000$ DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
22
Large Bullish Falling Wedge BreakoutA breakout of a downward sloping supply line has been broken to the upside on the daily and weekly timeframes. The supply line serves as the over head slope to a falling wedge pattern with lower sloping support that goes all the way back to March. This is a very large structure so the price action to the upside we require some patience. A retest of 32328 could be in store as that would give us a confirming backtest of the falling wedge patter which we hope will now flip to support. Bullish confluence can be found at 32328 as there is a strong support level. If this level gets broken Bitcoin will most likely retest 30k. In the meantime, short term support/stop loss for me will be 33312 and 33870. Again, this is on the weekly. This requires patience to wait for each weekly candle close every Sunday before rushing to make any drastic decisions.
COINBASE:BTCUSDLong
by TradeVibez