short term, could see some moves in the next few days,,
long term bitcoin is over sold. RSI is over sold, it might stay down there for a while but the only way is up baby!!!
being over sold can still send it down, because it does not mean people will stop selling, but when it goes bang all the over sellers are going to jump back in hard
. 0X/BITCOIN is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
. There is a...
Bitcoin has held above the top of support zone 1 for 2 closed daily candlesticks now, and it currently above for the 3rd candlestick. It is getting support from the prior support zone, 200-day moving average and also a 1.618 extension of the final upward leg of the triangle. This is a strong supoprt which, if held, could trigger a large push to the upside....
Bitcoin has finally broken through a $9k support level, due to such a heavy impulse breakthrough, this may suggest 2 possible outcomes:
1. It's just a retracement, market will resume bullish from $7k.
2. Price has also broken below the 200 EMA which may continue a bearish run to perhaps $5k & under.
The RSI is currently hovering in oversold conditions (not...
Just thought I’d share a strange chart I had going for afew weeks. Surprised by the results there has been some kind of logic put in but respect all rules thrown out the window on this one
Does show current resistance around 10800 area
There is still an option of the minimum updating (808000) in BTC , but the main variant of developments that we see is a formed correction as
three triples originated from 26/06/2019. Confirmation of our expectations will be the price departure above the 957000-level . As for the local situation the past forecast is staying
There is still an option of the minimum updating (7500) in BTC , but the main variant of developments that we see is a formed correction as
three triples originated from 26/06/2019. Confirmation of our expectations will be the price departure above the 8900-level . As for the local situation the past forecast is staying
In the light of my research on the correction developed on bitcoin, I gather the end of this correction is near. My research is based on the Elliot Wave, WXYXZ wave correction. Please see the processes I've sighted on below.
1. The W wave started with Flat correction
2. The First X was developed with Flat correction as well.
3. Y Correction was developed with...
Hi, Traders ! Monfex is at your service !
Bitcoin showed a sluggish dynamic on the weekend, slightly fluctuating inside the narrow range.
* An attempt to test the Resistance at $8,500 occurred, but the Bears immediately came into play driving the Bulls back to the minor retreat level at $8,150.
* At the moment, Bitcoin is again coming closer to the Resistance...
So here we have the COINBASE:BTCUSD Pair where we can see a little incline it going up and with HH HL formed on the 4h 4hours ago it was best to enter with a small SL larger TP if you had entered here move SL to B/E
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