As per Chart (3D), the bearish formation is taking place and it reciprocates the bearish tone of BTC. For now, I see the 1st target in the 66% range, as per chart. This could represent the next level of BTC in the 6K's. The RSI also supports the Bearish tone in the BTC Dom.
Bitcoin price action break down important support at 8911$. Current hold above 8700$. Potential plan A target 0.618 fibs price level at 8553$, Next target Prev. Montly open at 8300$, Most bearish at 7950$. Volume: Sell pressure increased, confirm bearish price action. Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish sign. S/R:...
Litecoin has come under severe downside pressure towards the $50.00 level, following a heavy decline in the broader cryptocurrency market. Sellers could now target the $36.00 support level, as it has been a long-term bearish target that has yet to be reached. Overall, the LTCUSD pair will need to rally above the $60.00 resistance level to reduce intraday bearish...
XRP Thesis - Weekly: Last weeks candle closed as a bearish engulfing closing below 0.2500 major weekly zone taking out previous weekly lows. XRP could move a lot lower. - Daily: Price has overextended to the upside breaking above 0.2600 taking out previous highs. Yesterday candle closed as a shooting star signalling bears could be ready to push XRP back...
Hello Traders! Here it is, the key point. The price is clamped on both sides and now she needs to make a choice. From below, the strong support line doesn't allow Bitcoin to fall, and from above the resistance line doesn't allow to rise. In case of breaking through the support line, I expect a quick impulse down to the support level 8940 near the support line. If...
I see some promising signs from a very simple perspective without using much (I'm sure people will say your brain included... but haters gonna hate and potatoes gonna Po-Tate). To keep this simple: 1. On the monthly 9 MA Penetrating through the 20 MA is a positive sign, its like the first time your with a new partner in bed, Its exciting, momentum has been...
Hello Traders, BTC update on the larger scale, we could be seeing yet another descending triangle after this parabolic rise, Points to consider: - Parabolic rise into descending triangle - Completion of possible wave 5 - Three Touches confirming price resistance, macro lower highs - Volume Tapering off in a similar fashion - EMA's looking to turn bearish -...
If you want to be caustious you can wait for a break/close above the .618 and ride the wave the .786 and either sell there or see if price breaks through and heads for the next supply zone at $3
#Bitcoin got smacked down right in the target area I posted last night. Actually, it couldn't quite get to my target - weak. It might try to tag that line again but unlikely. We now have multiple resistance/sell levels: Right here at 11,900, 12,350, and back at my blue line in the 12,800 range. BTC is going to have to at least break through some of these...
I was expecting Stellar to fall down to 730, but some really nice volume met it at ~915 support. Might push up from here. Here is my setup. Pullback buy zone 915-935 Targets 995 - 1045 HODLer's candy 1020 Stop loss below 898 Stopless strategy - double order at 730 and sell at 900 Risk/Reward Ratio 1.8 / 3.3 (for main targets)
The double top scenario looks to be playing out although for the time being BTC has found some resistance in the 7500 to 7600 range. Honestly I don't think this will hold with the main resistance being around the 7200 mark. There was very clear weakness around the low 8000's level with the double top, failure to break out to the upside in the symmetrical triangle...
Last night after bitcoin had a HARD pull back to the previous support levels of 5450, the bulls are slowing trying to gain enough strength to move back up to the 6k levels. But will the bears hold them back??? It is possible the bulls will fail and we fall lower to the next support levels are 5300. Cryptocurrency is a complete SAVAGE market be safe out here guys!
pienso que está en un canal, en este momento se esta formando la onda 3 tal como se muestra en el gráfico, el precio iría al rededor de los 4800 $. Adicionalmente se está haciendo un cruce de EMAS de 55 y 100
NAV showing good support at the bottom of the long term trendline. Stoch RSI clearly indicating a buy. Risk reward too good to miss out on. This is a long term trade with great return potential. Closer in NAV shows a solid floor and eagerness to breakout. NAV has just become the first cryto currency to be officially declared carbon neutral which seems very...
After making insane gains last year TRX has slid down over the year and found support and made a jump to test downtrend resistance in the past few days. If it can break the red line we got a possible long opportunity, if rejected and the blue line fails to hold the right triangle setup would be a strong short/sell signal.
Market Break and Retest, BTC has reversed priced and now heading to the upside. Before Bullish momentum is established we will see a market retest. Testing $4,000