Looks like it has reversed here at the key level. It may retest and gain more support at the key level. It will head up to break the current overall trend line and retest. According to the fibonacci retracement, it will then head up to breach the 60k price level and may even go higher.
After failing to breach repeatedly key resistance in 0.02 USDT level, VETUSDT is currently retracing into lower levels as it broke below 100 moving average
Long term trend remains bullish, for this reason, entry point at 0.0153 area works well as it sits into a key resistance and on 0.5 Fibonacci retracement. Failure to hold on that level might trigger a further...
Great trade, all targets hit on this trade.
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Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your...
What Halving means?
Halving is a term common among cryptocurrency miners – the process sees the reduction of mining rewards of cryptocurrencies slashed by 50%.
The halving is the event, the moment when the mining reward is divided by 2, is commonly called "halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the...
I Believe there is an 80% Chance we hit 5k
I see little reason for Bitcoin to fall through this support as none of the past rallies did - I Think we can consider 5k as the bottom which lines up quite well with September/October which would allow consolidation for December run as always.
There are a few other charts i have and have reviewed that would line up...
So it would appear by this simple and practically irrelevant lines that sometimes work and other times don't.
As we can see by my relatively poorly drawn imaginary lines BTC has formed a simmilar pattern each time we have broken down lower.
Now. Im by no means suggesting that this is any form of advice this is meerly a personal perspective I've whipped together...
| Summary |
Fuelled by the perfect storm of uncertainty in Asia, regulatory pressure in the US, lack of market exuberance and over extension in price action, the 100d MA Bull to Bear Cycle has now completed with price action hitting the 100d MA support on 16/01/18.
The current cycle lasted a total of 124 days, which is an over extension of 8d past the...