As can be seen in the graph above, the Japanese candles rose above the Ichimoku clouds, What Does the Ichimoku Cloud Tell You? The overall trend is up when the price is above the cloud. The last time it happened was somewhere in August 2018
The second important points are that the price goes above the Moving Average 100
(There will be no serious increase as long...
A lot of people hyping bitcoin now saying its ready for a bull run but I believe theres a wait yet. Daily chart shows BTC hitting its resistance and and the indicators confirm that its can do with a little drop before rising.
This is my personal opinion; my publications do not offer any investment advice and nothing in them should be construed as investment advice. Please do your research before investing. I do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading any of my publications. With the Viewing of the post you...
Is just my personal opinion; my publications do not offer any investment advice and nothing in them should be construed as investment advice. Please do your research before investing. I do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading any of my publications. With the Viewing of the post you...
As we start this new week, with fresh wave of sell offs, we are starting to realise that $3000 may not be the bottom for BTC. 3 Targets are stated in this chart, Red, Yellow and Pink. I do believe that Red and Yellow will be meet with ease, While the Pink target could be a lot harder to catch.
As we see, support of $4400 is hanging on for now, as the MA's cross, $3800 will be the next zone we hit. Tested this zone 4 times already in a space of days, we could see small spikes, but $3800 will come.
As the weekly frame looks extremely bearish, Major supports at $4900 Region and $3900 Region also. 200MA stands around $3100 which could also make a retest then we should see a huge bounce of this and we can finally start our Bull Run.
With shorts this low and price steadily creeping up, I expect a large price dump in the coming days. Following previous trends with shorts in this range has lead to $1000+ price drops throughout May, August and September.
invalidation level here is tight, therefore potential Reward is yuuuge.
Pivot support could allow Cardano to really make a big move here, these are the type of trades you want.
Can ADA really go any lower, even if she does, our stop loss is close here and our risk is very minimal.
Always think in terms of risk to reward + strikerate
BTC is heading towards $5500, 2018 has seen BTC lose a lot of value and as we start to see the Bottom close, one more downside push could see us then move on to new highs. 50 & 20MA pushing price lower and volume has dropped in the last few days. As we head into the end of 2018, we will surely see BTC drop further to more zones where accumulation is inevitable.
BITCOIN’ (BTCUSD’). This is the first time I will be sharing a long term trade for Bitcoin’; it feels 1.20% really good.
I will analyze it as any other chart and I expect we profit massively from it. This will be an easy trade. Namaste.
Bitcoin (BTCUSD-COINBASE) Weekly Chart Analysis:
Let's start with the Bitcoin’ rally/bull run. ATH’, retrace, support...
7 Times in this region and each time we have gone in either direction, RSI looks like we could be overbought recently and we could be ready to test the 20 & 50MA (Yellow Box) - Lets keep an eye out on this but i do believe a retest is the most possible outcome.
As BTC falls, we evaluate the levels we could be seeing, 50MA acting as resistance and looking to reach the Red Zone after we break the Green zone coming up. MACD has crossed aggressively to the downside.
I have marked in some of my 'working' to show you why I placed the modified Schiff the way I have (green lines show the placement). This highlights the possibility that we have already broken out of resistance and could head to the next area of resistance.