Sell below 12198. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): The security of cryptocurrency has been hit once again with tokyo-based cryptocurrency exchance Coincheck confirming that It has suffered what appears to be the biggest hack in the history of the technology, losing $533 million. While this doesn’t...
lets hope bitcoin can break this long and destroying down-trend!!
Bitcoin has tested our descending resistance and continues to test major resistance at 11790 (61.8% Fibonacci retracement, horizontal overlap resistance, long term descending resistance line) where a strong reaction could occur at this level to push price down towards 9470 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing...
Sell below 11786. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): There has been slightly more good news coming in lately which is causing Bitcoin to hold well above the 10,000 mark. Good news revolve around Singapore’s MAS (Monetary Authority of Singapore) believing bitcoin won’t cause a financial meltdown like the 2008...
Bitcoin is fast approaching major resistance at 11790 (61.8% Fibonacci retracement, horizontal overlap resistance, long term descending resistance line) and a strong reaction could occur at this price to push price down towards 9470 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a...
Sell below 11786. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): There hasn’t been positive news nor negative news on Bitcoin recently with the latest one being Goldman Sachs CEO denying that they were going to launch their own bitcoin trading desk. We’re seeing a bit of a squeeze around the 11,600 range area and when...
Sell below 11083. Stop loss at 12029. Take profit at 9443 and 8142. Reason for the trading strategy (fundamentally): There continues to be bearish news surrounding Bitcoin with major payment processor Stripe choosing to end support for Bitcoin. This is largely due to lengthy transaction times, increasing transaction failure rate and growing fees has caused it to...
Bitcoin is in a strong descending channel and we’re seeing major resistance at 11016 (Fibonacci retracement, horizontal overlap resistance). Our next major support is at 9470 (Fibonacci extension, horizontal swing low support). We remain bearish as long as price remains in this descending channel. Trading CFDs on margin carries high risk. Losses can exceed the...
Sell below 11083. Stop loss at 12029. Take profit at 9443 and 8142. Reason for the trading strategy (fundamentally): News around cryptocurrencies have not been too positive recently. The latest being Korean crypto exchange Korbit banning non-citizens from depositing local currencies on its platform. The move was particularly because of new regulations banning...
Im Still short on bitcoin. Looking for it to hit around $8700 with a possible break lower down to the $6000 range. Long term Bullish unless break below $5000 with a solid daily close. Explainer Youtube Video! HERE or copy and paste: youtu.be
Bitcoin bounced right up to our first major resistance perfectly as forecast previously! It is now right on major support at 11060 (50% Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 12912 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci...
Sell below 12269. Stop loss at 13162. Take profit at 9519. Reason for the trading strategy (fundamentally): The most recent news that has attracted more bearish for Bitcoin is the SEC outlining the reasons for reluctance to list cryptocurrency ETFs, with the reasons revolving largely around “significant investor protection issues that need to be examined before...
BTCUSD Forms a Bullish Flag Pattern Based on the length of the "flag pole" price area $20k... You can see support areas using the Fib Retracement.
Buy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There is still tremendous doom and gloom about Bitcoin and the only reason we are seeing a correction is because Goldman Sachs analyst Sheba Jafari has published an analysis saying that we expect a possible correction below $10,000. That has...
Bitcoin is seeing major support at 10427 (ABC Fibonacci extension, major 50% Fibonacci retracement) and a bounce could occur at this level pushing price up to at least 12844 (38.2% Fibonacci retracement, horizontal pullback resistance) before 14488 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above...
First of all, I'd like to say that 10k might be the bottom and we might not go lower. 10k has a lot of support, so there might also be another chance for you to buy around that price for another bounce. This will coincide very well with a TD 9 countdown being completed at on the 4h which currently is on an 8. But, the most important one will probably be the TD 9...
Trading suggestion: There is possibility of temporary retracement to suggested support zone (11300 to 9300), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Closed Profit: TP1= @5985.55 TP2= @6384.70 TP3= @6707.35 Open Profit: 1 trade is still open Technical analysis: .Price is below WEMA21,...