View On BTC/USD (27 June 2019)
First Things First: Did you follow our analysis on BTC? Congrats to you if you did. Please go and take a look at our earlier analysis as well.
Back Ground: BTC is in the UP move since last March with no little room for a retracement. Yet this euphoria 'may/can' last a lot longer but you will need to be cautious at the same time as well.
This type of rapid rise in the price may not last forever. It can retest $14,000-$15,000 regions and it shall act as a decent resistant for now and the price can start to go into the ranging mode thereafter.
So, do not be surprised if you start to see red candles(or) weak bullish candles in the coming days.
At the same time, it is not a call to sell short as there is no sign of weakness just yet.
Target(s): RANGE/Neutral, $14,000 and $15,000 shall act as a resistant region.
SHTF: NA
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
First Things First: Did you follow our analysis on BTC? Congrats to you if you did. Please go and take a look at our earlier analysis as well.
Back Ground: BTC is in the UP move since last March with no little room for a retracement. Yet this euphoria 'may/can' last a lot longer but you will need to be cautious at the same time as well.
This type of rapid rise in the price may not last forever. It can retest $14,000-$15,000 regions and it shall act as a decent resistant for now and the price can start to go into the ranging mode thereafter.
So, do not be surprised if you start to see red candles(or) weak bullish candles in the coming days.
At the same time, it is not a call to sell short as there is no sign of weakness just yet.
Target(s): RANGE/Neutral, $14,000 and $15,000 shall act as a resistant region.
SHTF: NA
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Updated on BitCoin (2 July 2019)
Nice pullback as we had warned.
Let's see if the selling momentum gets stalled first before you enter any long/buy position.
Nice pullback as we had warned.
Let's see if the selling momentum gets stalled first before you enter any long/buy position.
Comment:
Updated View on BitCoin BTC/USD (3 July 2019)
The selling momentum has stalled near $10,000 for now.
I expect Slight Bullish/Neutral move in the near future while using $9,000-$10,000 as support regions.
The selling momentum has stalled near $10,000 for now.
I expect Slight Bullish/Neutral move in the near future while using $9,000-$10,000 as support regions.
Comment:
Updated View On BitCoin BTC/USD (16 July 2019)
It is testing that $10,000 support region for two times now.
It should/might hold the price pretty well for now, but you gotta be very cautious if the price tests that region 3 or more times.
It is testing that $10,000 support region for two times now.
It should/might hold the price pretty well for now, but you gotta be very cautious if the price tests that region 3 or more times.
Comment:
Updated View on BitCoin BTC/USD (1 Sept 2019)
Last June, we warned you about the potential unsustainability on the parabolic rise of BitCoin as it hit the $13,000ish region and advised you not to go long recklessly.
We also mentioned the level $10,000 of the being a decent support region.
2 months later, it is hovering around the region of $9,000 to $10,000.
Now, I will not say the bottom is IN just yet but we may be nearing to the bottom.
The next STRONG SUPPORT region is $6,200 to $7,900. The price may find the ultimate support there before it advances back up again.
It may be a bit late to short but, definitely too early to call for a buy.
Last June, we warned you about the potential unsustainability on the parabolic rise of BitCoin as it hit the $13,000ish region and advised you not to go long recklessly.
We also mentioned the level $10,000 of the being a decent support region.
2 months later, it is hovering around the region of $9,000 to $10,000.
Now, I will not say the bottom is IN just yet but we may be nearing to the bottom.
The next STRONG SUPPORT region is $6,200 to $7,900. The price may find the ultimate support there before it advances back up again.
It may be a bit late to short but, definitely too early to call for a buy.
Comment:
Updated View on BitCoin BTC/USD (9 Sept 2019)
BitCoin went below $10K mark to shake out the impatient buyers while trapping the sellers at the same time.
Current, it swung back above that level again to show its resilience.
It may do some ranging for now with the wild swing but overall it is still under the bullish trend. Cheers.
BitCoin went below $10K mark to shake out the impatient buyers while trapping the sellers at the same time.
Current, it swung back above that level again to show its resilience.
It may do some ranging for now with the wild swing but overall it is still under the bullish trend. Cheers.
Comment:
Updated View on BitCoin BTC/USD (25 Sept 2019)
The bull trend has broken and it is under the influence of the downtrend. Now $10,000 has become a strong resistant.
Currently, we can expect $7,400 to $7,600 as support. It is not advisable to look into Buy/Long as there is no bull price action/candles.
The bull trend has broken and it is under the influence of the downtrend. Now $10,000 has become a strong resistant.
Currently, we can expect $7,400 to $7,600 as support. It is not advisable to look into Buy/Long as there is no bull price action/candles.
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Did you heed our advice on the possible unsustainability of parabolic rapid price movement? It indeed made a strong pullback.
Now, Bitcoin price is on the search for the next supportive region. I am expecting 10,000 shall act as good support for now, while 7,500 to 8,000 region shall be very strong support.
No hurry to take any long position at the moment.
All the best.