BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC             has been in an ascending channel now for nearly 1 week. Support and resistance trendlines are currently holding well. For a price breakout target it should be the height of the channel, so $8200 for a bull breakout $7200 for the bear. MACD has had a bearish cross on the 15 to 4hour timeframes, so looking more like a breakdown at the moment, but if going long here an entry at 7587 with stops at 7547 would be an okay entry if you're leaning bullish for another test of the upper channel trendline . The upside for the bulls is that currently RSI is going downwards towards oversold which may cause a bounce, and the Stoch RSI is at the bottom which normally means a push upwards. Not financial advice. Happy trading everybody, lets make some money!

A very positive outlook - what's your assessment now?
Reply
Danosaurs gary-fry
@gary-fry, I have been shorting BTC from 11,000 so i continue with that open, waiting for $5,000. smaller time frames, just playing small bounces.
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out