As bitcoins price tries to recover from to drop a couple days ago will it break down from here or have another crack at $10,000?
We are going to see quite some volatility on the weekly close this week! make sure you set your stops!
HEY! Nice short opportunity for perfect risk /reward ratio.
Sell only after understanding that bears are stronger. Entry point aprox from the price levels of 8800 or 9200-9300.
Have a nice week traders!
Might the profit be with you
Bitcoin seems to please its investor as the halving approaches.. On the daily chart of #BTCUSD, important points draw attention..
First of all; Bitcoin is in overbought position on the daily chart .. Stoch RSI and RSI are at the overbought level, also the coppock curve has been at such a high level for the first time in a long time.. Although there is no clear...
Back to basics, info on chart, TP when you see fit.
Working from Fibs, MA's and long term trend line plus the fact were most probably at the start linn of the end for a lot things in this world.
Looks like Bitcoin is on it's way back down again, Failure to hold this support area 9400-9500 it looks set to trickle down to the 8600 regions.
This is good in some ways, consolidation and retracements are required for further long-term growth. Also allows Alt-coins to breathe.
Be careful going long, deep bear zone right now. Also, be careful going long on...
Seen strong selling at the recent test of the price zone of 4k
the origin of the move was down back a the lows of around the 3400k level
If price pushes back here there is a lower risk long position from here to re test 4k and if weakness is found go and test 5.5k levels
bitcoin bounced off its long term support, there are 2 options, we could be sat in the accumulation zone of 6400 for a while or be continue the trend and slow decline to below $5000
now what is even more interesting is BTC below $500 would open the doors to a huge cup and handle so keep your eyes peeled, this is the best case scenario!