In my previous idea (see below) I tried to build a potential scenario for the downside. Here I will TRY to create a scenario for how things could unfold in case of a bitcoin ETF approval. I was reading a Medium article that suggested that a possible scenario was that in case the ProShares ETF got approved the VanEck ETF might still get declined. The reason for...
Price Yesterday went in an expected manner, fluctuating between 6250 and 6600. For now, BTCUSD is holding above 6250 which is important for an upward overview. Nonetheless, until the price reaches 7000 – 8000 zone this upward movements could be considered as a correction of the bearish trend. As the negative news background, has changed to neutral we expect a...
ETH heading towards $275. Just some thoughts for the upcoming month.
Just some thoughts looking at the timeframe and the ascending wedge.
Price BTCUSD has been showing growth yesterday but did not leave the 6000 - 6600 correctional zone thus did not violate the August bearish tendency. For nearest days we have a 6600 resistance and Bearish Trend Line from above and 6250 – 6000 supportive zone from below, the price will react on these levels. Break above 6600 will only send the price to the next...
Price Spending most of the day on the 6500 level Bitcoin eventually managed to buy-out all bullish volumes and went downwards, heading to the 6000 support. A pause on the 6250 level confirms the importance of the 6000 – 6600 zone but doesn't break downward tendency yet. The market has already shown its reaction on the latest SEC statement (to extend the decision...
The prices of Bitcoin, Ethereum and all other major cryptocurrencies are sharply down Wendesday following an announcement by the U.S. Security and Exchange Commission (SEC) that they will delay the decision on approving the expected first-ever Bitcoin ETF. BTC/USD continuously following its' bearish trend, according to Bollinger Bands (BB), as long as the prices...
Just some realistic thoughts looking at the timeframe and the ascending wedge.
Price Yesterday BTCUSD fell sharply, breaking the 6800 support on the way, after SEC statement on the prolongation of decision period for ETF applications. The price did stumble on 6600 support for a short time, but after a while broke below and now trading around the 6500 level. 6000 is a near-term target, by reaching it Bitcoin will erase all gains and...
Haven't you heard it? 'Certainly this year, q2.. q3 , before the year end, no doubt, etc...' We all wish for it, and it is possible, we know... But how does that look in reality... well... we gotta roll up those sleeves... and break some walls actually, or .. will Wallstreet do it for us? They will ! Question is... when ? And will they short first, still...
Upon news of the BTC rejection of an ETF, BTC and other alts have plunged while BNB has been making higher lows/highs. The trend is still valid if BNB can stay above the yellow dotted line. Resistances can be seen around the two green lines up above. If BNB can stay above the yellow dotted line and grind higher, we can possibly see BNB break from BTC and move in...
Retest at 6800, possible drop after as market still seems to be bearish. Potential failed sell off to 6200-5900 before bounce. Hopefully we have found, or are very close to finding, the bottom here and will have a bounce soon. Otherwise I feel we could be in for a bear market until September time, 2014 fractals hopefully playing out much faster. Once we see more...
Relax and take a deep breath. Volume is dropping on the decline and a very clear bullish divergence has formed. Were at support and acting solidly. SEC and CFTC meeting is closed-door and a report from it will not be public for several weeks, so take a deep breath, read the chart and relax.
I have a mid term target for $ETC @ 340k sat. Roughly 50% upside from here within the week. My message to my signals channel: TL;DR. I am holding $ETH in anticipation of the SEC meeting. Also holding an even amount of $ETC in satoshi value as a hedge. A number of #TeamNeverWorkAgain members have reached out to me about what to do with their spare $BTC. ...
SEC news incoming Stoch RSI bearish crossovers in 4h and 12h TF's Bearish divergences in RSI in multiple TF's forming. Broken rising wedge at the end of an uptrend with descending volume . 4:1 risk reward ratio. Position sizing: 2% of trading portfolio Leverage: x5
At least this is volatile like cryptos, should you be on the right side of the 'hill'
3.2.18 The sec probes have added uncertainty to many bockchain companies with icos and this has negatively impacted stock prices. The fear in the market, however, is unfounded since the findings of these probes has yet to be released. the SEC's actions seem to be precautionary and are not specifically targeting bad actors. This means that retail investors may be...