BTC breaking down ascending wedge could go back and to 10k levels.
even though It has broken upwards of 12k resistance line, still showing bearish signal in the form of an ascending wedge, this one needs confirmation and will develop further to see if it breaks up or down.
Price not only broke above the downsloping U-MLH, but also above the Centerline of the Pullback-Fork. There seems to be a good support now, that brings confidents into this crypto pair and therefore price has a high probability to rise toward the U-MLH. In my Free ForkTrading BLUEPRINT you can start to learn this method if you like. Happy Christmas & P!
It is done in the past, will it do it again?
Hello, everyone. It seems that we have entered another heavy bull run, just as i predicted earlier (you can find it in related ideas), so, lets build some analysis for the nearest future. We've reached my first target point yesterday night, so, the next one should be somewhere around 1.618 fib. Black lines on the chart is a resistance. There is a possible...
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.
Look: 1. Still continue a extraordinary rising of HASH Rate... (2.5x the normal activity, who have switched on all this mining power ???) 2. Price is decresing.. slowlly.. effect of the HASH Rate 3. Mining machine is not selled anymore, this means that a normal person can't gain from them, how have one in past take it switched off because the power is too low;...
Buy Pressure in bitcoin but not confirmed from the fundamental, so, it isn't going to the moon ;-) Conservative Traders: Stay Neutral, wait confirmations.. Agressive Traders: Long for a fast trade up to the last higher price area 300-320, split position, breakeven the position and leave the last part of the trade take the rest.