EURGBP is at the moment showing massive interest from Sellers, and I haven't seen any interest from buyers showing up. All the temporary strength that showed up was quickly overrun by sellers and the down trend is more and more looking to hold. I am still waiting for the London open to get some more information and see how much selling is going to show up in our...
The price is still in the wide balance range 0252-0361. Our small balance (0252-0290) was up so we have a bull priority at the moment. But from level 0351 we saw a bear initiative. It was fixing of previous long positions. What next? After fixing we will see a new balance phase. If you have not bought earlier you can try to catch price on 0290 or 0280. But you...
Latest forecast was right. The pair is in the WIDE BALANCE with the range 0252-0361. Inside this big balance we have one more balance from lower timeframe with the range 0252-0290. While the price is stay inside this small balance we need to trade only from it borders. If this balance goes up we will see an upward movement to the 0339 or even 0361. Priority...
Litecoin is in the wide balance with the range 47.15-69.45 After bitcoin jump, litecoin showed a small rise too. The most important thing - last mini-balance goes up and priority is bull at the moment. The priority level is 50. If this level will be breakdown it will be very bad for bull traders Buy: $54.22 Take Profit1: $61.35 Take Profit2: $65 Re-Enter:...
Latest forecast was right. The priority has changed from bear to bull. The price has rebounded from the bottom of the balance, therefore we are waiting for the movement to the opposite side of the balance. Our Outlook for Bitcoin Diamond is as follows: Buy: $1.69 - $1.73 Take Profit1: $1.97 Take Profit2: $2.115 Re-Enter: $1.54 - $1.58 Take Profit1: $1.97 Take...
Due to the fall of BTCUSD, the price of BCDUSD also fell down and reached the lower border of the wide balance 1.5500-2.3715. The price showed a bull reaction on support zone of this balance. But the priority is still bear. To change priority from bear to bull the price must breakout level 1.7775. If this level will be breakout the price will go up to...
Hi, friends. Almost everyday I look at the analytics and noticed that a lot of analysts are predicting some strange bitcoin figures: 20 000, 30 000, 50 000, 100 000. This is both funny and weird. Land on, guys. No one even knows where and when Bitcoin will go out of the balance. We need to build strategy on the facts. Price reaction and volume show these facts....
A new balance was formed with the range 1.70-1.91 While the price is inside the balance, it is necessary to trade only from the borders. At the moment the price is at the bottom of the balance. We expect a rebound from this area with a target on other side of the balance - 1.90-1.91. But, if the price will breakdown 1.70 we will see a price fall to 1.6035. In...
How important is volume on the Bitcoin chart when price is inside a range? I hope all of you know. Candlestick patterns and volume give good insights on what price is doing inside a box like the one we had since the final stages of last month. Looking at the last swing lows there is a high probability of a long swing position for the mother of Coins. Every...
There some demand that show potential short bullish trend. Wait price move around demand area, if there any confirmation signal, go take long position.
On the background, there is some weakness that bounce at resistance supply area, its good to take short position at supply area.
Last 2 impulses was down, it's bear priority. Also last balance goes down. At the moment we do not see an increase in volume and reaction in the opposite direction, which means that with a high probability the price will continue to decrease. The next support level - 1.6034 The situation on BCDBTC is similar.
In Background at supply area there is some buy climax and no demand, then some supply is going in, is there some opportunity to go short again? But if price could move sudden and close above supply area, there is a high change that the downtrend is end, and start the uptrend prices.
There is some opportunity to go short at supply area, there is uphturst canddle at H4, wait for the change to go short at 15m or 5m timeframe.
There is no supply show at the background, maybe price still going up. Wait for rebound at fibo 38.2-61.2. Wait for price action then go for long. Always use good MM
There is some selling pressure at the backgroud, best is waiting price go rebound at suppply area then wait for price action. Then go for short.
There is some supply, and no demand that going in, best trade option is wait price at supply area, wait for confirm signal then go short. Use good MM
No selling pressure, maybe still going up and search the best price too go short. So best option is waiting at demand area, at fibo 38.2 - 50. When there is confirm price action, go for long.