I forecast that the price of bitcoin will drop to the previous support level of around $5980 USD, before gradually making its way back up to the resistance line of around $8,073 where the price will then change direction again unless the bulls can break through this line of resistance, in which we could see a return to a bull market.
Like this post if you agree, ...
Everybody is interested to find out where BTCUSD is going!! Well, if you only knew where it was heading you'd have an edge on the rest of the world and make loadsah money - right? Too often on Tradingview and other places - even among some so-called expert traders and trainers - I've heard the words, "I predict.... blah blah...". These are the folk who claim to ...
Based on a hypothetical point in the cycle called 'Current Period' on the above chart, what would happen if we plotted the same behaviours (percentage increase and duration) from the last two cycles.
Firstly I would pick a beginning point to define the start of the bull run, termed 'Estimated Start' in the above chart.
I would then plot the % increase with the ...
Short Sell position on EURGBP when market opens, expect long shadows so plenty of room for margins.
Entry Price : 0.88236
Stop Loss: 0.88394
Take Profit : 0.88030
Continuing the trend lines, this position will provide a strong profit as long as risk management is taken into consideration.
Will update once position is closed.
by the end of this month if ripple crosses 0.000042 sats then it's a strong indicator that the price will keep going, plus btc is going to go through a correction soon. what'd you guys think
Validated confluences
1.Support zone active since 7th of October showing strength
2.Weekly trend has been broken from this area
3.Profit margin 1:3
4.No resistance until 1.8000
5.Support zone engulfed/breached opposing resistance zone
So, the kingly discipline in bitcoin, aside from estimating WHEN a rally might start, is of course predicting the top of the rally.
I should add that I think it is utterly improbably to predict anything at all with a high certainty in bitcoin, since bitcoin is so young and we don't have enough data. But I'll try anyway :)
I looked at the previous rallies and ...
Hello Traders,
The market is in a range with price action lacking a firm direction and clearly waiting for a fundamental factor to drive it in either direction. The FOMC meeting tomorrow will be such a driver and we have two outcomes below along with our rationale.
Outcome 1 - Rate Hike and Bullish Press Conference - 65% Likelihood: We favour a bullish statement ...
