Monfex is at your service and today we overview BTC Dominance.
We are located near the resistance line. Will it hold on? Very likely. The market firmly pushed off the resistance line! Target zone ~ 66,50 %, it's our support line, good trading volume support zone.
By RSI we have a strong bearish divergence with price.
Bitcoin recently crash out of the triangle it had been forming for months. The result was a relatively violent, however short-lived, downtrend. The trend phase had a very negative gradient which has since flattened out as shown by the red curved lines. This shows that the move is losing angular momentum. In fact, it's entering a consolidation phase. The likely...
Now that the predicted sell off to the (faster than expected) demand zone of 8k has nearly concluded, A reversal is set to happen. Bids at 8.3-8.4k have been filled for both longterm & short term positions. Expecting the classic "µ" reversal up to whatever planet it lands on. A weekly close above $8,746 confirms that capitulation move to 8.1k was the bottom....
GXS HAS BEEN ACCUMULATING FOR SOME TIME NOW, SO IS NORMAL PRICES ARE GOING DOWN AS WHALES NEED TO ACCUMULATE THE MAYORITY OF SUPPLY AND THEY NEED TO GET RID OF SHAKY HANDS THOSE WHO RATHER SELL AT A LOSS INSTEAD OF WAITING FOR MARKET RECOVERY.
I WONT LIE, MY ENTRIES WERE NOT THE BEST BUT IS MOVING AS IT SHOULD IN AN ACCUMULATION (CHECK MY CDT CHART FOR...
I PREVIOUSLY BOUGHT MY LAST BAG AT 10.5K A BIT UP BUT MAKES NO DIFFERENCE IN THE LONG RUN.
IF YOU HAVENT BOUGHT IT. BUY IT.
THIS IS A POSSIBLE SCENARIO OF BTC A PUSH UP THEN RETRACEENT THEN AGAIN AND THEN NON STOP TO TEST 14K AGAIN.
. There is a possibility of temporary retracement to suggested support line (9325.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
imo #bitcoin correction is nearly done.
when maximalists on twitter have said many times " you wont get btc for under 10 k again " for the last few months i put in a short , what ever Ran says do the opposite
Wow look at this chart it is so easy to spot setups... this is the only strategy you will ever need and you will make £1million in just over 2 weeks, so carry on reading!!
All the above is B#llshit if you hadn't guessed already! but this is the type of rubbish so called forex pros will tell a newbie to the markets just to sell his services and believe it or not...
Bitcoin Forecast update . Last week we posted a pending breakout Bitcoin trade which was triggered and has hit the the 50 FIB level +1200 monkey nuts
Those that have been trading as long as us will know that this is text book of a Bearish chart .
A Surge of new money a surge of new dreamers .
Is Bitcoin turning bullish back to the dizzy hits of past NO
Hi Guys i know the market is very boring but please be careful bitcoin is very dangerous right Now. anyway the chart have 5 Support On 4 hours. Ema 21 , 50 , 100 , 200 and cuve since 21 december. each one speaking negative about BTc and i am tell you bitcoin is going to visit 4200$ at this time we can break out from resistance.
(flower bitcoin i gonna open soon ).
As can be seen in the graph above, the Japanese candles rose above the Ichimoku clouds, What Does the Ichimoku Cloud Tell You? The overall trend is up when the price is above the cloud. The last time it happened was somewhere in August 2018
The second important points are that the price goes above the Moving Average 100
(There will be no serious increase as long...
Show me the chart i'll tell you the news. move Bitcoin is positive until now so we need correction. back to touch 4000$ 3900$. and continue bull market. what's the next news? if we're see the chart and we need close up EMA 100. with bullish engulfing on weekly. next week Good news coming. mybe ( ETfs or nasdaq or something like remember that ) Next target is 4890$...
We could see price reach our target resistance zone ( red box ) then we are expecting price to keep falling and could find some key support at around the 3417.1 area.
We think that after price hits our support area we are going to start seeing BTC price pick up and could even see price hit 10,000 this year, but that's a just our prediction for the long...