Technical analysis: . BINANCECOIN/TETHERDOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a...
Technical analysis: . BINANCECOIN/TETHERDOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a...
It seems that the bears have been defeated on the short term. MACD is trending on the upside and RSI is bullish. I think the $9200 resistance level may be rejected which would cause a minor pullback to the upper boundary of the $8400/8500k support level. The reason I think this is because it looks like last 24H candle may close as a doji which would make 2 in a...
Bitcoin reached resistance, but is back again in trend line. I would recomend buy Tether and wait few days, but still follow BTC and when push resistance and reach it buy BTC or altcoins, but you will see during the situation and I will inform you. If you agree follow me, thanks and have a nice day.
Whales play dirty games with Bitcoin. Actually is not easy do prediction for BTC, but like I know trading I would say only thank my experiences that: Bitcoin 70% DOWN and 30% UP Actually nobody can do prediction for BTC only whales know. (TRUE) If you agree follow me and have a nice day. :-)
Take a look at the RSI and the trend lines. I don't think BTC will drop much further.
650 million USDT printed since 14 January. Coincidentally, that's when BTC started dropping. People started cashing out to USDT. USDT value increased. Uh, oh...USDT needs to be 'stable'...it needs to be 1:1 with actual USD. Let's print some more USDT to reduce its value. However, in doing so, Tether is effectively propping up the value of BTC. Especially...
I am supporting declines on BTC and further on altcoins. The Tether chart suggests the strengthening of the "synthetic" dollar in the virtual world. You will have to wait for blood and then buy.
Major support/resistance levels are white, the minor ones are grey. Bitcoin has been trading in the 12650-16000 range for a while now and while BTC is still trading in that range, the last few hours it broke the uptrend channel that it's been obeying for the past 3 weeks. The only logical way would be down but since this is Bitcoin I don't want to draw...