Well....consider buying. MACD and RSI bullish divergence present. Conservative...ie cautious... traders may wish to wait for .48 or previous 4 hr candle to be broken to the upside before entry. Aggressive traders may wish to position here at support near the .39ish area. Stop loss just below .38ish
Possible move to $25,500 if the current pattern persists. See above.
An awesome Christmas gift from ole St. Nick! Watch for a pullback to support which was just former channel resistance at 24k. 24k? gold 2.0.... pretty cool! Merry Christmas everyone! Enjoy this best day of the year!
Decent risk/reward entry at this level. Price bouncing off trendline and horizontal support. AO indicator printing successive green bars from below. Stop loss set just below support. Grandmas cookies....
One of 3 alts I currently hold. WISE and Ethereum ..... since you asked... Bullish trend continuing since the break of consolidation at the .26 level. Price currently over pivot point and trendline support at .53 Stops would obviously be placed just underneath that area. Range break at the .65 resistance level implies a move to .90 ish Merry Christmas to...
Breakout above the neckline. Possible run to implied target at 74. Volume confirming break. The grinch may be stealing altcoin bags. Makes for excellent Christmas dinner conversation.
The longer Bitcoin remains in this channel the more explosive the move. Average move = $3000 as per my previous chart. That puts us at approx $26,200 if we break to the upside which is where the longer trend is currently pointed. Always favor the longer term trend for direction.
For the short termers.. Channel identified with support and resistance 19000 -19500 range Wait for directional indicator's ADX to break 25. Trade in the direction of whichever DMI is dominant when that occurs. Easy peazy lemon squeezy.
Short term target at the 19400 pivot hit. Now what? Possible consolidation just under the pivot unless we immediately rip through 19400. Fisher is at an average peak for such rallies so Odds are lower on the rip and better for the said consolidation. Odds are better than average for a break to new all time highs next week. First target on break at 20950 ish.
Mild bullish divergence suggests midterm channel support (yellow lines) will hold and a possible bounce to the pivot (currently at approx 19400) is possible. There is a shorter term bearish channel (orange lines) that should be watched for resistance. Always favor the longer term trend until proven otherwise. And put some Christmas decorations up ya lazy bitches!
Got to love the $40 symmetry here. 540 - support. A break implies a move to 500 580 - pivot. A break above implies a move to 620. Pick a number. Set stops. May the force be with you.
Listed above are some standard pullback numbers or levels to watch if weakness persists. A break of 18244 (21 day ema) implies a move to the.236 Fib at 17600 which was just hit recently. A break under 17600 implies a move to the 50 ema at 16590 (50 day ema). That breaks the .382 fib at 16168 is the next level implied. A break of the .382 implies a move to the...
Numbers to watch or Lines to watch For now 17600 for support 19550 for resistance
Take a look at the directional indicator on the chart above. Notice the ADX (white line) has printed a reading of 12. It hasn't been this low for months and months. Here's what you do. Plot an alert line on the directional indicator at 25. Once the adx line moves above 25 trade in the direction of whatever dmi line (green for bulls, red for bears) is on top...
Short term .... Watch for break and watch the VOLUME on the break. High volume = probable continuance Low volume = probable headfake / reversal
$620 is the number to watch. (See chart above) Pivot is $600. Bullish bias above, bearish below. Support at trendline and horizontal support at $580
The dollar as represented here by the DYX is looking weak and getting weaker. Biden presidency almost....scratch that....definitely... guarantees further weakness. Bitcoin can only be perceived as growing stronger in this scenario. HODL or accumulate bitcoin. Period