Not too long ago I posted my prediction of Bitcoin rising to the 8k levels again, based on the pattern drawn on the charts. As predicted the road to 8k is one with a lot of stops, facing a lot of resistance along the way.
I have adjusted my targets slightly to 7.6-7.8K for the shorter term. I took some profits from my last trades and actually closed all of my...
Quick update on why I've decided to open up a quick long. Actually had my buy order set much lower (6.3 area) but now opened some new orders and got partially filled at 6469.
We crossed the 14-day EMA, and seem to have broken out of a downtrend on the daily which was within the channel I was watching already.
First target is the super obvious 6.8 but will keep...
I have had my eye on this price action for a while now. For now $5.8 seems like it was the bottom despite a little bit of a pullback over the last 2 days. The $6k barrier everyone kept talking about has actually been proving quite strong so far. With the price below $6k the miners would not be able to keep going at a profit, which is the main reason people believe...
Posted pretty much the same idea yesterday. Am I bullish? Nope! There can be no discussion we are in a bear market, but I still like looking at all different scenarios and this one stood out to me.
Notice everytime the RSI has hit the oversold area we have seen a rally up. Also notice the double bottom of the RSI in the most recent area. Yesterday I also wrote a...
Probably won't be taking this long, seeing that 'the trend is your friend' and all, but potentially seeing some interesting setups here. Seems to me, if I'm reading all of this right, is that we might be due for a bounce.
RSI Double bottom: pforex.com
Well, you've probably been told a million times by now, but this seems like the final line of defence for Bitcoin before we'll see it plummit to the $5k regions. Do you have a plan for this scenario?
