Perfect pinbar candlestick formed on Tuesday showing some bearish control coming back into play. 10281 price is showing some resistance and a key level so lets see if the retracement now completes and breaks back through 38.20%.
Yesterday As I published Bitcoin was closed to $7900 and as expected fall down that's why I always tell you to pay attention when you purchase Cryptocoins,
Today I see a divergence on the oscillators that don't confirm the Bitcoin rally it's for a very short-term correction soon will start making a correction upside and the volume keeps on...
Bitcoin, as we said, had 3 crazy days that was not safe to buy cause when you buy the coins it takes time and in the meanwhile, you could have bought much higher price and lose money by that.
As Swiss bank Credit Suisse embraces digital money and also as Bitcoin will be traded on regulated Chicago futures exchange I see that the volume of Bitcoin...
Yesterday as I published bitcoin passed the 7K level !!!!
But now you need to pay attention that it broke up the upper band of the bollinger bands and also the prices are about to reach the parallel which the target is 7050 and after this level, the profit taking time will come.
So don't buy at 7050 cause you can lose around 350 USD per coin.
From the $5,000 breakout, we will see downside, eventually to the $2200 - $2500 area.
From there, its BTC10K BABY!
You saw it here first, and if you weren't cool enough to buy in when I clearly told you to do so, don't blame me when you are sat there with your "real" money. #SHEEP #TheyTellYouItsRealMoney
Consolidation period highlighted in the black box and finally we broke to the downside. Now we are back up to this level which was key support previously. If we can break through it again we could see more upside potential from this pair
Are we seeing a start of an Inverted Head & Shoulders?
Resistance remains at around $4,440 (potential neckline)
Expecting a pullback to at least $4,000 from there we will see...
Professional Cryptocurrency Trader and Trading Educator