Bitcoin is going ahead with its bearish movement. It has to get over 12300 in order to begin a bullish direction otherwise it will test the first short-term support at around 10000 or lower at around 8 thousand. Right now the best choice for short-term investments is to go short by paying a high attention to capital management. That means Small investments to...
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Bear Flag. Expect a test at this next Support level. If we get enough buyers to step in and push the volume then perhaps the 10 EMA will have caught up. BTC is currently oversold. Today will determine where we go.
I will write an opinion adiditonally regarding this situation. My opinion is that traders are aware of retracement (long expected, prolonged, but inevitable). No matter how long price is being pushed, it certanly cost money to maintain it. Traders, someone is waiting for you to " join and participate in rebounce". Be careful about one thing: Don't drive this...
What we're looking at since 6 February is BTC making gradual bullish waves. On that day BTC started it's upward movement (2nd part of the Head) through the first sign of reversal i.e. Inverted Head & Shoulders. Now we are here trying to break $10,000. As you can also see ALTS are not making much progress. Some are but the majority aren't. This is mainly because...
We have compleated 5 sub-wave structure and finished 3rd wave. Everything going just as i tought, after finishing 3rd wave we will retrace to/around fibonacci 38.2% lavels and i will lot for entry in green box $10150-9975 for last wave 5. My first target for wave 5 is located just below fibonacci -23.6% and second below fibonacci -61.8%, however i think that we...
Enlighten me.
Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (6384.70 to 5110.00), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (6384.70) .Ending of entry zone (5110.00) Technical analysis: Price is below WEMA21, if price rises more, this line can...
according to StochRSI, there will be downside movement from this point
thats it.
1 Extension starting at $500-$800 accumulation 2nd Extension starting at $1800 leg up to $3000 For fun and educational purposes only Trade smart & make some money!
If we somehow edge above the psychological level of 1$ before the next 4hr candle opens at 4am, then please expect XRP to move to 1.35$, which is the next resistance. However, after 4am, if the candle that opens is a bullish one then the bears have clearly lost the battle as price consistency seems to be declining at this levels due to bears coming into the market...
Chart says it all. No point of writing stories.
First off lets start by taking a look at the nasty bear flag we had on Bitcoin during the drop from 14300, which extends down to 9200. We recovered pretty well on this bounce, to 13K to be exact, meaning the bear flag should take us from that 13K bounce, down to 8250 area, which coincidentally happens to land directly on the 0.786 fib support, and a STRONG...
Bitcoin has recently broken it's upward trendline on the daily chart. I will now be looking for it to hit the lower trendline before moving back up at least momentarily. It could possibly drop below that as well. Possible head and shoulders pattern completing as well but it's a bit messy so I won't be relying basing my decision on that but it is interesting...