Wait till it reaches the support (down ~1%) and then you can go Long with a 2:1 ratio if you want to be conservative. If you want to be aggressive set a 3:1 ratio (stop between the support and the EMA 200). IMPORTANT: next days we will face a breakout. The resistance will become a support. If you have different ideas, please share them with me ;)
New highs yay! Breakout of a previous high is a big buy signal, and on the daily chart its an even bigger signal for swing and breakout traders. However, long term hodling is not advised as risks are high with RSI quickly approaching overbought conditions and profit targets nearby. The threat of a big crown reversal still looms. With the breakout in our pocket,...
Can BTC stay around 5000 USD or will go to elliot wave?
Check out these two moves on BTCUSD . The correlations between these are insanely accurate. This is beginning to look more bullish guys.
BTCUSD D1 is good for buy right now
Short-term buy..... look for the price to bounce of the support line
According to Fibonacci Retracement & its corresponding Fibonacci Extension, IF the $2,200 was the lowest for price to go from which price continues upwards, then the price will rise to at least $2,900 with time while being resisted even by $2,800. Entry is Long is best when & at a retracement dip.
Our preference: possible rebound with 2750,87 as objective. Alternative scenario: the depression of 2477.93, will trigger a return on 2378.49 then 2319.29. Comment: The RSI is under 50. The MACD is greater than its signal line and negative. The configuration is mixed. In addition, prices are under their moving averages 20 and 50, currently at 2565.81 and 2582.59.
Minor pullbacks seem to have to occur for such higher price, meanwhile price is rising as I see Traders Dynamic Index (indicator window) pattern occur again.
You see I circled areas the RSI (Green line) bounced off and signalled bull trend continuation off of level 50, & price upon Supertrend line (green price line support) (June 1-4, 2017) I believe price movement is currently most like that of June 1st. Price will continue to rise as Traders Dynamic Index signals continuation on my chart only, because the indicator...
BTC (BTC/USD) LONG ! IntraDay :) .chanel H1 chanel +S+R Zone (for intraday)