This will be my first trade on the ever popular BitiusCoinius
The daily channel gives us resistance at the 5847 mark
Based on previous sellers and the oversold nature we can expect a pull back
The target is a confluence area which coincides with 38.2% retracement
Happy hunting
Shout out to everyone who is following me on this trade. If you missed my previous post on you should go back and check it out as these posts are directly correlated. Making educated trades means making peaceful trades.
FOMO and FUD are very real emotions that EVERYONE experiences as we embark on this journey. If you are anything like me we’ve excitedly...
Digibyte is probably on some of your radar, as it is mine. We had a break out recently, followed by a retest of the new minor support. I believe Digibyte have more room to run up, but it is best to wait for a second bounce on the new support. Which is what I will be doing. There is also a bullish bat formation forming soon as well, it can be potentially a reason...
We have reached the first target.
Maybe some extention down to reach the green bar, only if to recover back to these levels can be ok.
If these levels do not hold. We have to replan everything
Turns out that we have 2-3 weeks to stand still while BTC smoothly goes down and touches to the weekly channel support around 3.600-3.700
So, I took a look at the Bitcoin history, as we have time right?
It seems, the excitement about bitcoin, has changed gear for the last 2 years. And if specifically talking, RSI , since the end of 2015 has been touching to 50...
I hate to think or say but. I am not liking the follow up reaction's volume or depth coming from 3900-4000. Not saying doomsday BUT there might a probability that , the wedge we are forming now, might break out downside and form a "Head and shoulder"'s patterns' right shoulder. And we might go down to 3550-3600 to find a bottom at the bottom of weekly charts trend...
there are some divergences,
But DIVERGENCE IS NOT EVERYTHING.
It should break down trend line to open long position.
Once it breaks, we can expect 944 and even 1200 level
Bitcoin performed dramatically these days.
However, It looks like there is more short opportunity than long.
-triple top
-divergences
Goldman Sachs commented Bitcoin might go up to 4827 USD but also it could correct until 2221 USD
Risk 500 USD take more than 1000 USD profit.
Bitcoin Cash has been showing a lot of positive outlook. Although I believe a correction is underway, I do not believe it will so severe, since Bitcoin is going through a correction itself. If we get a sideway channel here. We can look to go long again to previous resistance.
Trade with care.
BTC traders taking profits and selling off but there are too many big institutions with deep pockets trying to get in so all the selloffs have been continuously rejected for 2 days and we have formed a double needle meaning traders may stop selling off their positions and go long again with the institutions!!
Hopefully this idea is true :) I am a bit of a...
This post is legit my old post a few weeks back (tagged it in the notes below). It seems like the setup is going as planned. Looking to buy at 44$ and aiming for 80$ target. Let's go to the sky everyone!
Trade with care.
