Bitcoin had a pullback yesterday where it lost around 7%. The market can't decide where they want to go so til we got some TA conformation or some good/bad news I'm keeping my fingers out of the game til my idea of a retracement to 8900 does it's thing in the next couple days. (I'm keeping you updated, so leave a sub to stay informed)
With the market debating weather 10,000 is overpriced or underpriced for BTCUSD it's important to see all possible outcomes to find trades. With myself believing bitcoin is worth more than 10,000 I'm looking for cheap buys. Remaining in the positions of BTCUSD Part 2 I can see price going up from its current position however some of the position was decreased to...
With the positive sentiment in the market there seems to be a very probable continuation of the bull market, and with unemployment at it's lowest wages will be likely to increase and spending will increase as well. This could further push the value of bitcoin higher however with the English bank disusing rising interest rates there exist the possibility of the...
Hey traders, Heres a couple of possible outcomes for the current situation regarding bitcoin. Situation #1: We can get a solid bounce on the 618-382 which would be a the most bullish scenario establishing a higher low on the 4 hour daily chart. Situation #2: we can get the bounce but it wont be strong enough to break the downtrend lines and fall down. or break...
BITSTAMP:BTCUSD Hello Traders, I have an price action analysis for both bitcoin buyers and sellers so stay tuned. For Buyers: Idea no.1 : Look to go long on pullback to support zone of 9005 - 9023. StopLoss : below Support zone. Take Profit : 12500 Idea no.2 : Look for Breakout of 12589 -13059 and Go Long. StopLoss : Below 12000 Take Profit : 16000 ...
The signs are currently showing a decent correction on $NEO and given the state of the market, breaking its first target and how steep things are going we can expect it to reach its second target at 97800 SAT within 24 hours.
Ok. Let me explain what is going on in this noisy chart folks. I am sorry for all of the lines. The lines that I would like to explain are: 1) The two up-trending blue supports near our 50 day MA. These should stop us tonight. If we break through the first, we still have another. They are both very good support. Break 'em and we're going down to 11k. However,...
Shown here is a pretty clean Head & Shoulders pattern on top of BTC/USD 's exponential rise. The neckline has provided support for the crypto-currency thus far, but for how long? Will the form a second right-shoulder and crack under pressure? That's the view I'm subscribed to for now. It's difficult to imagine this rally carry on for much longer - but hey,...
Some currencies need no marketing department, army, or central bank.
I think it will decrease in short term.
Based on older trends before Bitcoin Cash began to take more prominent headlines, and before the adoption on Coinbase, we see that there seems to be big jumps to ATH after a more dull period of consolidation. Just an idea, all depends on actual adoption and news of course... Let me know your thoughts. Plotted on a logarithmic scale.
hello guys so this is my point of view on Ripple Let Me Know What You Think And Tell Us Your Idea About That When The Next Break Out Will Happen? KRAKEN:XRPUSD
BCH in the short term, downward sloping channel toward previous support level...possible scenario Add POLONIEX:BCHUSD @1198 Take POLONIEX:BCHUSD profits @1650 & 2100 (Points B and C) Bullish longterm on this coin due to it's underlying tech and short-term reliability. This coin seems to be bulletproof during high transaction volume times in comparison to...
Working on some forecasting and GRSBTC looks like a challenge so why not. GRS is currently correcting after a massive bull run but has made decent correction so far so there may be more life left in GRS yet. This is mainly for fun but i'm leaning towards a breakout. We'll see =] Shoot me a message if you actually want some info on how to trade this move (if it...
We are expecting the yellow metal to continue its uptrend till the last week of September, that's when we can see some sort of sell off coming in.And that would make it a short term top for Gold.Gauging from the speed of up-move the prices could go to the levels between $1360-1380, that's 2-3% rise from current levels. The severity of selling would have to be seen...
In my last post, I posed the idea that we were forming a new larger triangle. I expected that we'd bounce around a bit between our $50 support level and the top of this new triangle before building up enough energy to break through our previous all time high. This we did! And to my surprise this price action occurred even sooner than anticipated! We are now well...
Let's play a game. Count the ascending triangles. Do you see them? There are 3. The first two are history. We obviously broke out. We are working on the the third and final. If we break above and close higher than this last triangle, we'll go to $4800. The second ramification of this potential breakout would be the formation of a new BULL channel. I've outlined...