4 hour chart possibly 3700-4000 Test over again.
We have fallen out of the initial rising wedge identified with not much continuation to the downside - instead, forming the first descending triangle and subsequently breaking up, thereby continuing the formation of a larger rising wedge. Currently, we are in formation of a second descending triangle. Key to note that descending triangle formations are usually...
Well it bounced. At this point I cannot predict if it will. I do know that these 4 points are going to be potential pivot/lagging points that will give enough time to consider entering a position.
BTC is lil weird to trade right with the ETF news. But here's the plan : a short before breaking the bull flag. I wanted to make this shorting 2 hours ago, anyway, now I'll wait for the long entry :) If you venture into the shorting, no need to remind you to watch out for upward breakout, in which case, long all the way ! Good trading lads.
Looks like we might have found the bottom of the current downtrend. Positive divergence on the RSI. Confirmation could come from OBV breaking the downtrend line. Considering the ETF announcement is probably less then 48 hours away, buyers are likely willing to return.
Bitcoin has been performing beautifully since February 2016. It has been a year of spectacular growth, and I'm fairly confident this will continue for some time. Why? Let's consider some basic things. In the past few weeks, we witnessed bitcoin drift sideways for almost a week at around $1010 USD. This is something that bitcoin has never done. There is only one...
This looks like a cup and handle with double bottom and rounded bottom. also the dash dump money is gonna have to go somewhere so Im long on XMR/Monero Check out my youtube channel for cryptocurrency trading videos www.youtube.com
Waiting for a breakout, & continue heading north for this winter would be the idea, if no breakout, further retracements might occur due to profit taking, but the consensus is definitely being long, at least for long term.