$BTC Daily Update with key S/RCRYPTOCAP:BTC #BTC WOW! Bullish engulfing played out as expected taking $29,199 support, $30,282 resisted last climb, must hold $29,742 support to reattempt at $30,282. Previous 4h closed bearish, expect $29,742 support test, RSI in oversold region on 4H and 1D also suggesting test, $30,282-$30,623 next key resistance range to watch for and then $31,372, key support areas $29,199, $28,590, $27,994.
Btcsignals
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke $28,298 support, currently testing to hold. $27,994 support in effect, 4H RSI looking good, Previous daily close failed to follow bullish close from Tuesday, last daily closed bearish. Current support range $27,478-$27,994. Must hold $27,994 to reattempt $28,781
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Bearish engulfing played out dropping towards $26,650 support which held as expected being a key support, $28,781 resistance testing as of now, RSI on 4h oversold, bullish engulfing coming up on 1D with RSI approaching oversold region, next key resistance $29,742, Current support $28,298, gaining $29,742 will help test $30,623.
Bitcoin- Back to support?On 27 September I recommended a buy trade for Bitcoin saying that the cryptocurrency could rise and test 28500 resistance.
This target was reached on Monday and BtcUsd started to drop again.
Although I had a short-term buy trade, my bearish medium-term outlook has not altered and after this new test of resistance I think Btc will roll back down to support
At this moment we have Bitcoin just above confluence support and a rebound could follow.
However, I will use this rebound for a short trade against the recent high.
My target is 25k support
BTC - DCA StrategyI just wanted to share this very quick chart
I am finding that we are at that part of the BTC cycle when people make mistakes, get impatient, give up, loss interest or feel like the cause is lost.
Its so important to realize and take advantage of these quiet periods and outline clear zones of interest.
When I find the patience and hope in me fading ill make a very small purchase and then set a bid, maybe even a large one into Zone 2 at a level im happy with. In the past this has paid dividends.
I hope this rough guide is helpful, patience is the name of the BTC game guys
PUKA
My prediction for BTCUSD - Correction and continuation upHi Everyone,
Here's my prediction for Bitcoin in the next few months:
By the looks of it, we should see a slowdown in this spike upwards in the next few days, which will then likely form a Dogi candle (#dogicandle) on the Monthly timeframe.
With a Dogi candle in place, we will then start to see a formation of the Evening Start pattern (#eveningstar), which indicates a change in direction.
If these statements are confirmed, we should be seeing a correction from the recent strong bullish momentum - and it could correct towards as low as 19,000 area!!
With a correction towards 19k area, the technical analysis would be showing a double bottom pattern (#doublebottom), which will then indicate that the correction has been completed and the market is ready to move back up and continue to a, hopefully, all time high! (#ATH)
Of course, the speed of this movement will depend on the volume getting into the market and I believe that news could play a key role in bringing these movements into the chart.
Get ready to BUY BTC dips, but you don't need to rush as these patterns should develop throughout the next few months.
Let me know your thoughts!