DLavrov

Bitcoin Market Overview

POLONIEX:BTCUSDT   Bitcoin / Tether USD
The market could not show strong upward movement after a bouncing from SMA100, and the price returns to 10000.00 level again. The support zone at this level is rather strong and it's possible that the price will bounce again and move to the downtrend line at least. MACD gives bullish signal, and RSI is at the oversold zone. We have to watch closely for the price action at this support zone , because it will determine further market movement. If the price bounces, we'll get a new buy opportunity and positive not only for Bitcoin             market but for other markets too. If the price breaks the support zone and the uptrend line, it will be a solid signal confirming further downward movement. The next support zones will be at 8000.00 and 5000.00 levels. Can the market drop to these levels? Sure, we don't see that bulls are strong and they are going to push the market to the new highs, in other way the market could break the downtrend line and confirm the continuation of the main uptrend. It looks like we should expect consolidation period or further downward movement more, than strong bouncing and upward movement. We should be very careful with opened long positions and new buy signals. The markets are unstable and more unpredictable now. We have to watch for price action at important zones and wait for clear signals from the markets.
2000+ people have taken our courses and use our Crypto & Forex ideas: http://bit.ly/2zTDJPB

17.500 people get free Crypto & FOREX ideas http://bit.ly/dlavrov_telegram

My profitable trading robot: http://bit.ly/2uNEd43
Are you still bullish on BTC long-term wise? @DLavrov
Reply
@DLavrov Are you still bullish on BTC long-term wise?
Reply
Bearish pressure still very strong.
+5 Reply
zarkzinc cozzamara
@cozzamara, taken
Reply
cozzamara zarkzinc
@zarkzinc, excuse me what did you take?
Reply
cozzamara cozzamara
@cozzamara, Be carefull at the 11K
Reply
cozzamara cozzamara
@cozzamara, if your are interested...
Reply
davethewaver cozzamara
@cozzamara, I agree. This happened with most top coins. This is a significant break of the downtrend meaning we may begin to see upward pressure again. Take a look at the last down trend and what happened. it may only moved 10 - 30 % before another downward correction, but i'll take that. It is a risky move so we should expect push back. The bears might not be done and the bulls may still be sleeping.
Reply
cozzamara zarkzinc
@zarkzinc, If you like this types of trade here may be forming one. Don't know yet. Bearish pressure still very strong. Need more study to be sure.
Reply
jsn9000 cozzamara
@cozzamara, Probably won't see a significant rise until CME futures contracts expire this Friday 4pm London Time - http://www.cmegroup.com/education/cme-bitcoin-futures-frequently-asked-questions.html
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out