Hey Guys,
Due to the trading and exchange problems occurring in China (possibly due to their presidential elections next month), the market is facing lack the volume and strength.
I feel the whale money is being taken out of market hence the chances of collision have increased.
Recent EMA point, Low volume, and many other factors shows us BTC is not going for...
As you all can tell BTC has been very bullish over the last 24 hours. Slowing pushing its way upward to the .618 fib.
However, buying into the .618 fib level is rarely a good idea. This is because the .618 fib is often a retracement point for a trend and as you can see, BTC is struggling to break this level.
This indicates that an harmonic ABCD pattern may be...
BITSTAMP:BTCEUR has been ranging since mid august 2017. Price has reached now a zone of support that indicate hesistation in the market. The bears seem unable to push price down. After the formation of the morning star , I took this trade without any hesitation. SL @3484 and TP who knows :-)
Bitcoin took a little bit of time to consolidate after the huge rally. The bulls are gathering enough energy to take the price higher again. The size of the next breakout could equal the size of the earlier move, which would take us around $3373. Hold on to your seats, rocket launch incoming.
Hello
I would expect a big move from BTC in the following week. As you can see on the chart we have been compressing for quite a while and both MACD and RSI are nearly neutral at this point, so before you guys jump in to take a trade we should look for some clues off the heading of this move.
1 Lets take a look at the order book, is quite heavily filled with...
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.
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
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Bitcoin seems to be giving in earlier than expected. At this point volume is crucial. if we fail to find support around $1000 or come off $1000 but fail to breach $1024, then the selloff is very much on the table.
We are currently in a definitive price range. The public seems to be feeling very optimistic about the price of BTC, but I think we are going to top-out and dip back below $1000. potentially $800-$900 medium term.
Waiting for a breakout, & continue heading north for this winter would be the idea, if no breakout, further retracements might occur due to profit taking, but the consensus is definitely being long, at least for long term.
We have been in a tight range for one months.
Following my previous analysis here , we have now broken the lower part of the range .
Accordingly, it is time to take a short position.
Here is my plan:
Trading Plan to Sell:
Entry price: Around 610$
Stop Loss: We exit if the price goes back into the range at 650$.
Take profit: Before the...
