Jump to content
Sign in to follow this  

Bitcoin

Recommended Posts

A closer look in, especially at the 4 hour bars, would suggest the bears are currently firmly in control and looking for a retest of  9148. The Asian market has been pushing down just recently so wait and see.

 

BTCUSD(£)H42201.png

Share this post


Link to post

seems that price is reacting to those lines, whether it 'll bounce or not I'm not sure !Capture bit.PNG

Share this post


Link to post

Yes, they are certainly having a go, though with the US session closing in just over an hour they have not made much of an impression and the last 4 hour bar was well contained. The Austral-Asian traders are about to enter the market so it will be interesting to see which way they intend to push it having just seen the US bulls fail.

Share this post


Link to post

A lot of people were looking at the 61.8% retrace             Capture xtb.PNG

Share this post


Link to post

Quite right, the 61.8% Fib reversal shows yet again how often Fib is being used by bitcoin traders.

 

BTCUSD(£)H4.png

Share this post


Link to post

Hi ,  yes I know you were drawing attention to Fib on a larger time frame. Just reiterating Fibs use on this asset on multiple time frames. 

Share this post


Link to post

red zone still my current target               Capture bity.PNG

Share this post


Link to post

TARGET REACHED    :smileyhappy:                  Capture  red.PNG

Share this post


Link to post

one for the crypto experts on IGTV     Haha                            chart update                            Capture bounce.PNG

Share this post


Link to post

I use Bollinger Bands a lot in my trading & find the  150 EMA as a good support / resistance                              Capture comments.PNG

Share this post


Link to post

at time of writing looks like bitcoin can still swing either way. in my opinion $9200 is a major support/resistance for a bullish trend to occur and would not go long yet.

Share this post


Link to post

I said my target short was the red zone, and that proved to be correct, in fact it bounced right of the lower trend line I had Previously set out in my charts. I have said I use the 150 EMA as support / resistance - it is currently acting as resistance. My view now is I ;m done with it, it may go either way now,  but 10k looks like major resistance  - try watching this   - 

Share this post


Link to post

Agreed, the 9255 zone is a big level with confluence of the 61.8 Fib level and about to meet the 100ma but needs to get through resistance level 8595 first (prior highs).

 

BTCUSD(£)H4.png

 

 

Share this post


Link to post

Bit New xx.png                                                        No way will it reach $22,000 end of Feb

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,423
    • Total Posts
      63,150
    • Total Members
      83,835
    Newest Member
    vndrink
    Joined 19/09/20 08:50
  • Posts

×
×