Sell below 13430. Stop loss at 14920. Take profit at 11156. Reason for the trading strategy (technically): Price has dropped strongly and is starting to form a triangle formation which is a precursor for a further drop. We look to sell when price breaks our support at 13430 (Fibonacci retracement, horizontal swing low support, triangle formation) for a strong...
As we see, price is stretched to the downside. Price got rejected at the L-MLH (orange), and is now in bounce mode. I'm considering buying in to this blowoff slowly - if anything... I want to see price stabilising here at the low, then waiting for my signals and then start buying...maybe... ;-) So, no hurry for me, because there are millions of trades waiting...
Buy above 15456. Stop loss at 13906. Take profit at 17960. Reason for the trading strategy (technically): Price is now back to testing our major support area once again. We remain bullish looking to buy above major support at 15456 (Fibonacci retracement, horizontal overlap support, bullish price action) for a further bounce up to test the 17960resistance again...
Ethereum bounced above our major support level and reached our major resistance level perfectly. Now it is dropping strongly and our next major level of support is at 710 onwards to 692 (Fibonacci retracement, Multiple Fibonacci extensions, horizontal swing low support) where a possible bounce could occur once again to push price up towards major resistance at 792...
Bitcoin still testing support. Waiting for trend confirmation by either breaking down the 618 or heading to the 236 retracement. Possible targets Long: 17800 Short: 13100
Bitcoin has shot up from our support area to our major resistance area perfectly before reversing once again. We’re seeing strong support once again at 15455 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to drive price up to our major...
Buy above 15467. Stop loss at 13901. Take profit at 17945. Reason for the trading strategy (technically): Price shot up from our support area and reached our profit target before dropping down to our buying support once again. We remain bullish looking to buy above major support at 15467 (Fibonacci retracement, horizontal overlap support, bullish price action)...
Current direction of things if nothing major gets in the way or no major rallies, just continuous growth until the last day of the year.
Bitcoin has dropped strongly and is fast approaching major support at 15455 (38.2% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support, bullish divergence) and a possible bounce could occur at this level. Our next major level of resistance is at 17929 (Fibonacci retracement, horizontal overlap resistance) and our next major level of...
Inverse Head and Shoulders formation appears to be pointing at a rally to $21,855. This will put us at a 45% rise since Sunday afternoon. If this rally completes, we'll probably see a Bull Flag or Bull Pennant form for a short period of time, until we complete the weekend rally. I expect the weekend rally will rise just as much as we have risen after the...
If we look the market in 2013, there is huge bull and bear market trend. I felt like things happened in 2013 will be the same in 2018. If we compare 2013 and 2018's Fibonacci Retracement, they look very similar to each other. After the bull market, will probably happen in 2018, I'm guessing the price of bitcoin will go down to 5-6k. However, I believe the price of...
Following the price closely for the last several weeks, I have no reason to do in-depth technical analysis as it seems basic TA and psychological barriers are holding the strongest currently (as seen in my past charts) - I feel that everyone is over-analyzing the charts and not looking at the big picture here. Here we have a simple triangle that we are staying...
BTCUSD FINAL LONG The final test of the $7500 area, before we plummet for Christmas :)
Could BTC go to 100k$ in 2018???
So far, 90% of you have followed the other 90% who also fail. You've all been short bitcoin since 5400, 6500, now wanna short at 7500. Learn the market cycle before you take a position. Short Bitcoin, go ahead and sell your belongings because you're gonna need the extra funds for food and basic essentials. Don't be a 90/90/90 statistic trader. 90% Of...
The price reached the price of the ascending price channel . This zone could stop and reverse the market and we saw downward movement from 6500.00 to 5800.00 level. If the price breaks the resistance level , it will be a new buy signal, we should expect upward movement to the zone between 6800.00 support level .
Bitcoin made a correction but recovered fast. If it breaks above this resistance line I expect a new move upwards. Targets: 5940$ and $6190. Stoploss: 5500$