Monfex is at your service and today we overview BTC/USD.
What do you expect from Bitcoin ?
At the moment, BTC are under the volume resistance zones. RSI has an clear uptrend, which convinces us to look more towards the bulls. BTC has support price zone ~$ 8,185.
What do we do now ?
Active Trade Signal by BTC/USD
- Buy near $8,190
- Take profit...
Hi, Traders !
Monfex is at your service !
Bitcoin is consolidating before the next impulse up. Watch our signal to be aware of how to react !
* The price has temporarily entered the consolidation area from the upside and seems to gaining more power before making a huge jump to well above $9,000.
* Bears have lost short-term momentum, so any positive trigger...
Bitcoin (BTCUSD) isn't out of the bear hands yet short-term, the move to $9000-$9200 isn't confirmed, but why?
As you can see in the chart above, Bitcoin is still trading below EMA10, which is now sitting at $8547.
For Bitcoin (BTCUSD) to signal bullish potential short-term, we need a close above this level. Since Bitcoin is trading below it, it has the...
Bitcoin is currently trading between two key structure levels.
After a massive selloff from 10000 level it looks like sellers started taking their profits.
Recently the market has formed a peculiar double bottom pattern, lying perfectly on key support.
+ Row of rejection candles and dodji + RSI divergence give as a clear...
short term, could see some moves in the next few days,,
long term bitcoin is over sold. RSI is over sold, it might stay down there for a while but the only way is up baby!!!
being over sold can still send it down, because it does not mean people will stop selling, but when it goes bang all the over sellers are going to jump back in hard
Looking to SELL GBPUSD in SELL AREA and to close position in TP AREA. (30+ pips)
- Enter sell on reversal candle
- Do not enter if price breaks through sell area and closes above strong with no clear signs of reversal
RSI on daily is bottoming . on the weekly its at 46.6
nvt seems to be leveling and crossing over
We are not looking to bad, this could lead to sideways for a while, just because it bottoms it does not mean it will moon, it can stay over sold for a while and bring sideways small movements, or it could moon!!
as i said on the last i believed we would go below...
RSI at the bottom, does not mean it jumps out asap. it can go sideways, on this chart 6300 could be the bottom!!
looking back a the last RSI bottom, this could play out.
rsi has only a hand ful of times on daily in BTC history been this low
ive gone long short term.
Bitcoin looks over sold on the daily on rsi - stoc and seems to be respecting the trend line on NVT
a push up to 10200 COULD happen short term,
how ever, the long term on weekly they charts still look bearish.
this next week could see a move up with some side ways movement and a move up
short term, long
long term bearish.
Just a quick one. Xrp/btc is probably about the best bet for big gains in the near future, we are in the bullish terrotory on the rsi and i have a strong suspicion that btc will make alot of quick rallies that dont hold while it tries to bottom out on this retrace. So I am staying away from it at the moment....
OK so everything has floored, rsi, stoc, but NVT is toucning the trend line.
IMO, if i was a betting man i think october 4th to 7th could see some moves,
how ever!! if the NVT goes below the RED trend line its not good! REMEBER FOLKS, big massive btc moves come when the NVT goes green at the bottom, have a look
people need to realise futures have a big say in...