L49Trading

L49Trading

At the Moment the RSI is in an critical area. Also right now a Gravestone Doji is building up. If we get the confirmation Candle tomorrow for the Evening star, we have a very strong bearish sign there. If we consider the actual situation with Corona i think a hard price reversal down to 7500 in the next days or maybe even deeper is possible. These are just my...

L49Trading

Bitcoin looks like its ready to fall again and maybe even find an Lower Low. Because this Mountain is still smaller than the last one it looks to me like Bitcoin is in Longterm still Bearish. It was not able to break the Keylevel of 9400$ and its already starting to go down again. Even if it pulls back over the 8500$ resistance, i still think it is bearish because...

L49Trading Updated 

I think the possibility is high that Bitcoin will bounce from the 7500$ Keylevel and from the 30-20 RSI Level. We have a very strong Support at 7500$ and the possibilty is high that Bitcoin will form a second and a third mountain, so that we have a 3 Mountain formation. Also the weekly 50MA should acts as an strong support. It is also possible that the Breakout...

L49Trading

Bitcoin is moving in an Range between 9100$ and 9400$. Next Target is 9400$ again. These are just my thoughts, the information provided is not a financial advice.

L49Trading Updated 

At the Moment the BTCUSD is making an massive Shoulder Head Shoulder Formation. It also broke the RSI Support Trendline. And there is an incoming Deathcross from the 50 MA and the 200 MA. All of those are big Signs for an Bearish Trend. But i think the biggest formation at the Moment is countering all of those bearish signs. The biggest Formation is an Massive...

L49Trading

These are just my thoughts, the information provided is not a financial advice.

L49Trading

In the daily Chart we can see, that Bitcoin formed an very strong Bullish Engulfing Pattern. We also have a small supportline for the RSI. On the Hour Chart we have a crosshair where the 8EMA crossed the 50MA which is also a positive sign. And Bitcoin also managed to get over the 8500$ mark which is very positive. I closed my Short and opened an new Long...

L49Trading Updated 

Bitcoin has build some strong resistance here. So i think the possibility is high that Bitcoin will go down now, however there is a small possibility that it will break through the Trendline and bounce down from the 8500$ resistance. Another Indicator is that Bitcoin in 1h is highly overbought at the moment. But Bitcoin in 1D is oversold so we should not be to...

L49Trading

I think ETH on the Daily has the potential to become very bullish in the next few days. ETH broke out of the Trendline and now has a strong support at 168$. Also Bitcoin was very strong the last few days so i think Litecoin will most probably follow. Possible Targets are 204$ or even 215$. These are just my thoughts, the information provided is not a financial advice.

L49Trading

Shortterm: I think Bitcoin is going down to the 9400$ Support line. Longterm: Since July Bitcoin tested this Support line 4 times. So i think if the SEC will not accept the ETF the possibility is higher that Bitcoin will break the 9400$ Supportline. These are just my thoughts, the information provided is not a financial advice.

L49Trading

Bitcoin will go down for the next few hours because it is highly overbought These are just my thoughts, the information provided is not a financial advice.

L49Trading

Litecoin continues its Downtrend after the block reward halving. The Hashrate is very low at the moment and the mining profitability is even lower. Also Litecoin is earning harsh critics because the lack of developer activity on the main LTC Github repo. I think it will continue going down to the 60.2$ Supportline. Because of the low daily RSI i think a pullback...