On the BTC weekly chart, I’d like to show you these things that we need to notice. 24crypto.de have formed a rising wedge on the weekly time frame. Or you can disregard the corona dump and you will get a rising channel. BTC . 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 long . LONG — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! As I sayed on last idea BTC stay in a channel for a while and now its breakthe top line of the channel on .
Tradingview long btcBTCUSD — Bitcoin Chart and Price — TradingView
I become more cautious to consider that they are decoupling with the pullback they met together yesterday. I personally just simply hold my BTC and maintain my contract I entered for long in lower position and set a stop loss. The US election is coming, stimulus check plan is also delayed.
More uncertainty seems to occur. VIX rosed sharply when it broke 30 and is about 40 currently. DXY also rises, which may means that more trades and investors are going into fluid cash to prevent the risk of the markets. Winter is coming, Covid will surely cause negative effect on the global economics. I will remain super cautious these days. Hello everyone In my previous analysis even though I am bearish in bigger picture..
However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support..
However XRP should stop dumping hard now, the news made it through the whole world, everybody who had to panic panicked already. Technically we are seeing a diamond on BTC which is a bearish Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend.
This resistance area marks a critical resistance target. If we close above , we can expect The infamous "Then they fight you" phase started! Merry Christmas. 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. 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.
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