Bitcoin dropped right to our profit target before bouncing perfectly. We remain bearish for a further drop. Sell below 8324. Stop loss at 8705. Take profit at 7329. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is that twitter has decided to ban ads starting today. Twitter is by and large one of the largest platforms...
Bitcoin continues to drop as expected, we remain bearish for a further drop. Sell below 8755. Stop loss at 9089. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news surrounding Bitcoin is The Office of Foreign Asset Control (OFAC) announcing that it was considering including digital currency addresses associated with its list of...
Bitcoin continues to test our resistance level. We remain bearish on this idea. Sell below 8945. Stop loss at 9511. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is Social Media Giant “Snap” confirming that it has banned ads for initial coin offerings (ICOs). This has caused cryptocurrency as a...
Bitcoin has reached our profit target before bouncing nicely. Prepare for a drop. Sell below 8590. Stop loss at 8893. Take profit at 7837. Reason for the trading strategy (fundamentally): The major news events surrounding cryptocurrency would be Israel’s securities regulator has said that cryptocurrency-related firms may not be listed on the Tel Aviv Stock...
This is were accumulation by smart money (zero media attention) will probably occur.
Bitcoin dropped perfectly before bouncing up and reacting off our resistance once again. Sell below 8417. Stop loss at 8870. Take profit at 7608. Reason for the trading strategy (fundamentally): The cryptocurrency world has been hit hard once again with South Korean prosecutors raiding three cryptocurrency exchanges this week over suspicions that staff...
Bitcoin looks poised to drop even further after breaking major resistance. Sell below 8463. Stop loss at 8870. Take profit at 7608. Reason for the trading strategy (fundamentally): The biggest news to hit cryptocurrency hard is google announcing that they will be banning ICO and Crypto ads starting in June. This has hit bitcoin hard and the confidence of many...
Bitcoin has made a bullish exit of our triangle formation, lining up nicely for a strong rally. Buy above 8838. Stop loss at 8380. Take profit at 9868. Reason for the trading strategy (fundamentally): The big upcoming news event today is the “Examining Cryptocurrencies and ICO Markets” held by a subcommittee of the U.S. House of Representatives Financial...
Bitcoin has made a bullish exit of our triangle formation, lining up nicely for a strong rally. Buy above 8838. Stop loss at 8380. Take profit at 9868. Reason for the trading strategy (fundamentally): The big upcoming news event today is the “Examining Cryptocurrencies and ICO Markets” held by a subcommittee of the U.S. House of Representatives Financial...
Bitcoin is on short term support, opportunity to play a bounce from here. Buy above 8838. Stop loss at 8380. Take profit at 9868. Reason for the trading strategy (fundamentally): There aren’t many huge news event that have affected bitcoin and cryptocurrencies in general, although there has been some good news with South Korea’s ban on initial coin offerings...
Bitcoin is now testing major support at 9032 (Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to major resistance at 1172. If it breaks this level, then the next major support is at 8181 (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major spport at...
Bitcoin continues to test our major support, remain bullish for another bounce while keeping a tight stop loss. Buy above 9381. Stop loss at 8897. Take profit at 10728. Reason for the trading strategy (fundamentally): The big news event on the horizon is the US Congress set to hold a hearing next week on cryptocurrencies and initial coin offerings (ICOs). The...
When rising wedge was formed there was not enough volume to break upward from it, hence the price moved down dramatically. At the current moment there are 2 possible scenarios. The first is a bounce back from 9800-10200 zone which is confirmed by Stoch RSI, Aroon and rising volume. The second scenario is breaking through psychological support zone and reaching Fib...
Hello, Traders! 3 potential scenarios for BTCUSD Triangle pattern. Double top pattern. And Bullish Flag forming. Lets` see. Targets on the chart. Good luck!
Bitcoin has reached our profit target. Now bouncing off major support, time to buy. Buy above 9381. Stop loss at 8897. Take profit at 10728. Reason for the trading strategy (fundamentally): One of the bigger news surrounding cryptocurrency recently has to do with Japanese authorities reportedly preparing to crack down on cryptocurrency exchanges by issuing...