RSibayan

RSibayan Updated 

Bearish sentiment is on for the short term. Watch the price that may break downwards from this rising wedge. This may take us down to the 78.% Fib level ($10,100-ish) Bearish Divergence is present on RSI. Momentum on Stoch RSI is directed downwards even as the price was rising, a signal for upcoming price drop. Remember to always, always place your trailing...

RSibayan

Bitcoin Resistance Ahead At $10.5 to $10,650. Red shaded area may become a point of price reversal and drop all the way to the green support bar. We should continue to see a bounce from the support lines and continue a bull rally to potentially $10,900 at the 61.8% Fib level. The Yellow 100EMA is now about to cross over the Red 200EMA at the Green Shaded Area...

RSibayan Updated 

Bullish Ascending Triangle is present on this H1 chart as outlined by the Yellow Lined Triangle Currently in consolidation from a price run up yesterday and now found resistance at the 78.6% Fib level. Golden Cross on this H1 may take place on the green shaded area. This is the crossing of the Yellow 100EMA over the Red 200EMA, signaling more bullish price...

RSibayan Updated 

If you find value from my posts please consider leaving a thumbs up. Thanks. Ok, here's what we've got... The move upwards followed by the reversal price action yesterday created an extended and a little bigger falling wedge pattern (Bullish). The Price and RSI Bullish divergences have not yet been fulfilled (Bullish). Stoch RSI momentum is still directed...

RSibayan Updated 

Who will predominate in the H4 short term. Bears are internally eating out the Bulls in the bearish pennant. Bulls are trying hard to break out of the falling wedge but kept being pushed further by the bears. The Bulls must defend the $8,200 or be devoured further by the Bears down toward $7,200. I've laid out the support and resistance levels prices might go...

RSibayan Updated 

Price is following the Bullish Falling Wedge outlined by the Blue Lines, there's another Bullish Falling Wedge outlined by White Lines. There are Unfulfilled Bullish Divergences (Pink Broken Lines). General market trend is Bullish. Probability Of Breakout To Upside: High Expiration: 8-12 Hours Our target breaking out towards the upside: $12,300-ish Warning!...

RSibayan Updated 

Price is following the Bullish Falling Wedge outlined by the Blue Lines, there's another Bullish Falling Wedge outlined by White Lines. There are Unfulfilled Bullish Divergences. General market trend is Bullish . Probability Of Breakout To Upside: High Expiration: 8-12 Hours Our target breaking out towards the upside: $12,300-ish Warning! Never dismiss...

RSibayan Updated 

Bitcoin Price In Upward Trend Now Short Term: I'm seeing a higher probability of price taking the route towards $10,700 to $11,000-$11,150 Lower probability of price taking downward direction, but if it does, I'm looking at price being supported at the first support bar $9,400 - $9,100 And if the momentum is strong going downwards, the next support bar will be...

RSibayan Updated 

Bulls must defend each level of the Fibonacci Ext, otherwise the Bears will tear them down and throw them into the deep abyss. Look for the possible bounces at the Fib level. Just be cautious as we are in a downtrend. The bright side is that prices will be at a bargain. For those waiting to get in at low prices, this might be the start of the sell offs when...

RSibayan Updated 

Bulls must defend each level of the Fibonacci Ext, otherwise the Bears will tear them down and throw them into the deep abyss. Look for the possible bounces at the Fib level. Just be cautious as we are in a downtrend. The bright side is that prices will be at a bargain. For those waiting to get in at low prices, this might be the start of the sell offs when...

RSibayan Updated 

Bitcoin - Falling Wedge Breakout, ReTest, Bounce Green Support Bar is where price might pullback, gets a retest and a bounce off to higher levels. The 23.6% Fibonacci level was a level where price bounce off yesterday, it may still be where price bounces off today. Potential Double Bottom Support at $9,071 (Bullish) - may bounce back up. Bullish Divergent...

RSibayan Updated 

200EMA (RED LINE), the last line of defense, must hold to keep us from going into the Bears' Territory. A RED daily candle closing below it will have a very very high potential for the bulls losing the battle for the next months to come. The Bulls must defend the $10K level and a monthly green candle closing above it is a strong indication that the Bulls are in...

RSibayan Updated 

Hello friends, Hope your weekend went well. Let's see what the BTC market has in-store for us here... Bullish Case: 1. We have a Falling Wedge (Blue Lines on price action) 2. Bullish Divergent Lines (Yellow Lines) on Price action and RSI 3. Stoch RSI momentum is directed upwards (but a lagging indicator) 4. The general trend of is upwards since December...

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Cornered again... Bitcoin Now Has To Chose A Direction To Move Out From This Horizontal Triangle Upward Movement Targets: $11K Downward Movement Targets: $8.5K - $7.2K Upward Breakout Probability: Medium-High Bullish Divergences has to be fulfilled. Stoch RSI Upward Directed Momentum Getting Stronger Price is going down but the STRENGTH Indices (RSI and...

RSibayan Updated 

Bitcoin Horizontal Triangle Breakout Imminent Again, Bitcoin has placed itself in a very very tight spot here where the top trend line since July 9 and the bottom trend line since July 16 have now converged creating the horizontal triangle. Both top and bottom lines have 3 contacts each making this a valid horizontal triangle that's mature enough for a...

RSibayan

Upward Breakout Probability: High Remember to always place your stops at the appropriate levels. Happy trading everyone. Ron

RSibayan

What conclusion can you derive from this? My idea is that it may just follow the same path and it seems were just 1/3 up on this parabolic curve. What do you think? Ron When Stars Align For Bitcoin...

RSibayan Updated 

Bitcoin 4H Long Set Up Watch for the falling wedge breakout before taking the long trade. Watch for further downward price action, breaking the support line, before taking the short trade. Patience, Patience, Patience - that's the name of the trading game. Remember to always, always place your stops at the appropriate levels once you've put in your trades....