Classic bubble picture where things look like they're 'returning to normal'. But the parabola has already been broken. Unlucky lads
BTC/USD lost its support on the secondary leg it was retracing. This leads me to believe it will retrace the entire primary leg to its leg start. Unless I misread the legs (Not well defined) bitcoin could be falling back to at least the 6000 range. (Didn't spend much time looking for the primary leg start, could be lower). The next level we are approaching...
Hi I see 18200 price level as a indicator of further movement! Why? Because this level is 0.618 level Fibonacci of recent BTC downward move. Here we should expect breakout to higher levels (22000) or pullback to lower levels (15300). Watch for price action in this zone (yellow). Good luck in your trades!
BTC Is going down after reaching ATH. We can see a reversal candle at the top. If we don't bounce and reach the same high we might found ourselves in a head and shoulders pattern. Please comment what you think.
BTCUSD Still bullish: 1. Falling Wedge 2. Rising Wedge 3. Head & Shoulders
Bitcoin will make few corrections and (the first support level 14750$ will be broken. Then it will contintue downtrend trying to make a strong stable price which should be around 11.000$. Actualy if coin drops bellow 10.000$, next support is at 8.400$ not 9.300$ as some people say. Anyway, correction should happend about 72 hours counting from now (current...
now the bubble is perfect and i am sure now it will have a big fall happens but for now just a correction about 1200 pts within a month is legit short at 11800 target at 11550 gain 1250 pips !! i open 2 position i will cut the first at 11050 pts = 740 pips gain then i will let the other with a SL at + 200 pips ..in case of a again big up move i will be safe...
Bitcoin is once again stretching at the top of a big bullish channel. But RSI is getting tired so we need a short plan. Using a 1-2-3 strategy, we should aim for fibo targets within the bullish channel, with the expectation of a quick visit to the bottom of the channel. Be advised we also have a previous bull channel which offers support for a bounce depending on...
Top of the Fib is roughly around 3% what I believe the top will be for BTC. Needs to come back into the channel before having another leg up. Open Short Happy Trading!
would like to go full on bear mode - always be careful shorting BTC though.
It is incredibly risky to short bitcoin but let's go.
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...
Tulips isn't anything like Bitcoin... that was the first thing I heard from a cryptocurrency conference I recently attended. While that remains true, Its important to look at the behavior of price of both the underlying commodities and see Where they are synonymous as well as different. For one, Bitcoin isn't directly subjected to the actions of Mother...
Current price trading around 7k support. Everybody is expecting this to drop below 7k towards 6k & so on. Normally BTC corrects for about 5 days but this time is a bit different due to segwit 2x being conveniently cancelled. The trend remains bullish showing intact channel uptrend. Staying neutral for now.
LTC is showing nice EMA/SMA weaving, and nice volatilty, two day period. I can assume that LTC watchers also trade BTC, and like to dabble in LTC when BTC slows down, and have a few hours to spare (or in this case, a day or two to allow BTC to attract buyers). Since ETH and LTC are behaving nicely, this comes amidst the BTC fear-fest, as the forks calls off. I am...