bigger picture on bitcoin, possible inverted head and shoulder under formation, looks well defined so far, $9700/10.300 I will update this idea
same view nothing has changed, bullish on monthly, weekly, daily, and the 4 h chart just formed a continuation falling wedge, target $9600/$9800, nice buy oportunity now, low risk the stop loss should be below $8200 - ($8150 or $8100)
watch for a potential top $9600/$9800 between Jan 31 and february 3
I would say 80% chance to top there and 20% to break above that level.
When this inverted head and shoulders will invalidate? If the price of bitcoin closes ABOVE $10.500 on a daily basis it will be a Buy signal (re entry), Notice that we could even see $10.200 and still be prime for a DROP to the Right shoulders around $8000
The inverted H&S will alse invalidateduring the formation of the right shoulder if we drop below $7700 and close a Daily candle down there
I would say 80% chance to top there and 20% to break above that level.
When this inverted head and shoulders will invalidate? If the price of bitcoin closes ABOVE $10.500 on a daily basis it will be a Buy signal (re entry), Notice that we could even see $10.200 and still be prime for a DROP to the Right shoulders around $8000
The inverted H&S will alse invalidateduring the formation of the right shoulder if we drop below $7700 and close a Daily candle down there
despite small retracement on a daily scale, bitcoin seems to be in a long term support, heading to 14k and eventually new highs, but this can take many months
if 1 monthly candle close above $14.000 will confirm New ath $24.000/$30.000
Bitcoin Wizard
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Btc reaching the sell zone, what to expect? $9400/$9900 should be the trading range for the next few days (distribution) you have to be patient and give it time.. If I'm right you will see bitcoin drop to at least $8000/8300 and it will form that right shoulder, I wrote estimate dates on the chart, if I'm wrong, bitcoin will surpass $10.500 and that will be a confirmation to re entry for much longer targets like $14.000 my thoughts are the same 80% chance to be right and 20% to be wrong. Any price action between $10.000/10.400 is just a sell opportunity and doesn't mean anything until it surpasses $10.500 and close a daily candle above it.
xrp/btc, confirmed breakout on daily and double bottom on weekly, chart looks good, should reach at least 0.00004215 if not more.
Bearish rising wedge on bitcoing, target $9800/$9900, looks like a posible false brekout of the neckline, 12 bear divergence forming, watch out for that sell zone
Btc reached the target zone$9800/9900, looking for a first retracement to at least $9485
Btc $9600/$9800 resistance is broken, 3 daily candles has closed above it, good confirmation to become new support, we might see a retest of this zone, but I'm not expecting lower than $9500/9600. XRP is lagging and should overperform bitcoin in the upcoming days and weeks.
#NAV on BINANCE
*Looking very bullish on 1D timeframe
*Price action is above 100D & 200D MA, also above the strong resistance zone
*Only small cap which haven't pumped x2 yet
*We've detected unusual buying activity in #NAV by whales so definitely it can give you massive profit in short term🚀
*Only small cap with good risk/Reward ratio on BİNANCE🚀
*Looking very bullish on 1D timeframe
*Price action is above 100D & 200D MA, also above the strong resistance zone
*Only small cap which haven't pumped x2 yet
*We've detected unusual buying activity in #NAV by whales so definitely it can give you massive profit in short term🚀
*Only small cap with good risk/Reward ratio on BİNANCE🚀