Right now its slow trading because a lot of the big money is out enjoying the holidays. So as we approach the lows, expect retail traders to get scared and bail out. If we even get near $11000 on this Bittrex/USDT chart, there is a good chance we fall below it. If we fall, then I would expect the 100 DMA to be a magnet. That would put us in a good range of...
This chart shows the head and shoulders line and specific areas where it previously had been support and is now resistance. In order to regain bullish momentum bitcoin needs to close above this line on the hourly chart. As we can see, we are forming a head and shoulders on the 15 min chart. I'm still observing and ready for either a test of lows or break...
Bitcoin looks like its consolidating yesterday's move. I'm neutral if we stay in this channel. Looking for breakout above channel and break above blue line if inverse SHS forms. Break below channel an under $13700 would open up downside to $10,000
Ark has been tough for long term holders. After a huge run this summer, it has slowly trickled down. The last fat bitcoin run drove the price down and forced bagholders to capitulate. They just could not stand it anymore. After a brief run up, Ark has done fairly well against bitcoin. However, the run past $10,000 is killing those that bought back in and you...