From our previous analysis and its updates it was clearly seen that BTC went out of the triangle and now is preparing for the next wave of growth. After it was pumped above Fib 0.786 level the price started to consolidate and now it has bounced back from the mentioned Fibonacci level which is now strong support. Nevertheless, uncertainty about BTC price movement...
Expecting a bullish breakout in BITFINEX:BTCUSD Everything exlpained on the chart.
Let's face it, this is still VERY possible. Almost uninterrupted bull run, volume decreasing, RSI rising too fast. A possible bearish shooting star. I am still a bullish bear, no matter where this goes, if you are smart, you win. ;) Sorry lads and ladies, I can't be all sunshine and daisies.
A daily and 4hr chart analysis. Daily - Bearish day after a bullish rally. Huge historical resistance hit. Possible retrace to 9-10k. Major support at 10k but a retest of 150 EMA, 9500-9700, likely. 4hr - If the Moving averages cross (Red and Green) expect trend reversal confirmation from 90% of analysts, including myself. My only concern at this point is...
The first target is reached see the link below. Now it is expected to reach our next level of support which was resistance in the past if you look left. Someone wants to buy it for a cheaper price, it's a clear manipulation I think
BTC/USD lost a lot and does not seem to be able to push back higher. If the current level does not hold, the next stop lower is at 8000. Wish you all the best!
Buy above 11887. Stop loss at 10446. Take profit at 15221. Reason for the trading strategy (technically): Bitcoin’s price has continued to rise strongly and it also continues to obey strong technical as seen in our various Fibonacci retracements and projections. The recent swing low that occurred at 12720 was purely a 50% Fibonacci retracement and 100% + 161.8%...
Hey huys a new idea about bitcoin every details in chart good idea don't miss it