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Bitcoin major support zones (red lines)
This is MachineDaena serving up the latest XRP analysis for all you budding crypto enthusiasts out there. XRP may be the 'Bankers' coin but it sure is one of the best investing opportunities out there at the moment, and proved last year to be very much the same.
Taking a dive into the 2-hours charts for March and April thus far, using Bitstamps XRPUSD data, it's ...
Here is what I think about BTCUSD. It will go down to touch 5781USD then will bounce back to touch 8400 USD. you can see the strong resistance throwing BTC back to its 3200USD-4996USD range. which I think is a good move.
Date to touch its support at 5781USD will be most probably 04-03-2018
and will bounce back to touch resistance at 8400USD on 15-03-2018
As the BITCOIN plummets from its 20,000 peak we have to ask is this a major retrace or a collapse?
We have no answers only opinions.
The 200 day SMA on the Daily time frame comes in at 7890.
If the BULLS are still interested then they are likely to come in here.
I'll be watching this level and any signs of a bounce I may go long.
With no technical history though ...
Buyzone: $1170 - $1200
Stoploss: $1099 / $1105
Sell now take profit at 7700 and buy again and take profit at 10000
BTCUSD MEET BEARS
People, it's nearly Christmas.
And people need to buy presents at Christmas.
People can't yet buy presents with Bitcoin.
People need to sell Bitcoin to buy presents.
Thank you for reading my poem.
I'll see you all in 2018 for the Bull Rally on Cryptos.
Expect Crpytocurrencies to be the 2nd largest volume of trade in 2018 behind Foreign ...
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
Working with trendlines. It seems that third level of support is confirmed and uptrend seems to be valid. Is the price going to hold to actual levels?
It seems price recovered quite quickly in spite of the storm. The beast is back...
I think I might have missed the entry for the first trade but i'll get in anyway. If the first trade is stopped, i'll enter again on the second RR indicator. The second trade makes a lot more sense given how bitcoin is praised by people around the globe.