Open this some time ago @ 1061 will probably hold until a day before SEC decission, going to reduce size before that but i plan to be long with smaller size on sec day.
A bullish pennant (in green) has been developing since a bounce off of support at 0.0096 in late December 2016 reaching a peak and finding resistance at 0.0167. A cup & handle pattern has been clearly identified and at first it looked as though XMR would be ready to take off in early February 2017 buoyed by the anticipation that Jaxx would be adding an XMR wallet...
Time to start getting wary of the alts. We may continue to move sideways here but there are strong signs that Bitcoin is recovering well from big dump. Remember to use a stop-loss to be safe Good luck! Mark
Bit wary of this massive wick, but as this chart is ticking my criteria so i'd rather risk it and set up the trade to be consistant. Hopefully the buy wall on the orderbook isn't just vapour-wall. Good luck all! Mark
There is potential here for a good risk to reward trade. Things to bear in mind: Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks. Some of these alts have really low volume so be careful buying as big orders will go right through the order book Good luck everyone! Mark
As governments around the world continue to probe ways into your cash, Bitcoin continues its strong long term run with only the all-time high ~$1100 putting a ceiling on action. If (when) that happens, BTCUSD will emerge from four years of consolidation.
Bitcoin seems to be giving in earlier than expected. At this point volume is crucial. if we fail to find support around $1000 or come off $1000 but fail to breach $1024, then the selloff is very much on the table.
Bitcoin broke the A-wave selloff level, signalling that we aren't done with higher prices quite yet. However, volume is peeling off and we are still trading the RED band, meaning that the sell-side cant be ruled out quite yet.
Bitcoin is now in its final inning, short sellers have to decide if this is it or not.
Bitcoin shows good uptrend and we have to wait for a signal for opening long trades. We'll buy, when price bounces from the uptrend line with RSI confirmation. Stop orders must be placed below 1000 level. Profit target is at the resistance level.
Hi Below you can see the trendline in logarithmic view. Notice how the trend is now completely straight and lines up with the straight yellow trendline. It's worth keeping in mind that not all trends will stick to the trendline in logarithmic view. You do still have trends that are moving so fast that they never return to a previous trendline until they...
Bitcoin has had a great run into 2017, followed by a massive selloff. Now it looks like buying momentum is once again taking over the market but I think the market is currently is a mass consolidation. What's your take?
Some renewed interest in BCY could help it get over the threshold up to the next resistance point. After that I think momentum will eventually help it get over that. Add to that the fact that the game itself will launch fully in March, apparently, and assuming all goes well with that then transactional value should help it up. I'm looking to get in on that next...
Best opportunity would be around 0.0125. If it goes below 0.0114, I would be selling. Why long? The reason is that Monero is the first nearly fully anonymous cryptocurrency. By the end of the year Monero will be fully anonymous and it will finally have a GUI, so that people can use it with ease. It was 2016's best performing cryptocurrency and is now traded on 3...
Despite a drop in price over the last several days, partly coinciding with a rapid climb in Bitcoin price, we can see a clear cup & handle pattern forming, along with XMR testing a support line (top pink line) which has been in place since November 2016 and a bullish triangle/pennant. This could all be an indicator that February through to March at least is going...
Short-term long signal for BTCUSD within range of the ascending channel from Jan.18. Stop below the lower channel band at 880; Buy order's confirmed above the signal line at 910 (marked with color); Target 960.