The price breaks SMA100 and moves lower to 10000.00 level and the uptrend line. This zone is very important now and the further market movements will depend on price action at the uptrend line. The market found support at 10000.00 level but after bouncing the price could not develop the strong upward movement. In such conditions, the market can continue the sideway movement or try to break the uptrend line and drop to 8000.00 and 5000.00 levels. This period is not good for trading because the market is not stable and more unpredictable. It can be called the period of fake signals and failures. It's the part of any market. Proper money management allows to pass through such periods and then come back in profit zone after the starting of a new trend movement. Don't forget about it!
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I did advise you.

+1 Reply
teppi020387 lemosedmirf
@lemosedmirf, Can u guide me to input the value for SMA,EMA in trading with chart 1h?
lemosedmirf teppi020387
@teppi020387, sure. follow me and I will show you.

What do you think about this scenario? I am pretty new, appreciate if you point to any miscalculation in the chart.

Bearish to $7,800, it would bounce back probably to $10,000. The chance of breaking the trend line is low, as who has held it until now it is going to hold it does it matter what it is going to the market. Around $8,000 is going to have a lot of buy order.

One potential scenario has been drawn. Does it mean that we are going to have a correction until the end of the Feb :((( ?
@DLavrov It breaked the uptrend line now? what do you think? UPdate please!

Cryptocurrency DOWNTERND END is near!!! Just HODL or buy .
The last major downtrend line is so near .

It could end sooner if we all push to 13500 and downtrend is broken .

This time no more selling bitcoin or buying other altcoins,
Also ignor all bad media news.
Ignor altcoins until bitcoin is more than 20 000$ again.

Then your dreamed cryptomarket can run again. :)

I believe it.
Like i believe in Alan who made the buy in wall as it is.
+2 Reply
Almost the whole went up of BTC and the rest is given by USDT. Wash trading, spoofing from the major exchanges - Bitfinex, Binance and etc. Actually if there were no USDT, only cryptopairs, it should be somewhere about 1 500-2 000 dollars.
Thats all guys all Apples fall down from the tree now its time to grow new Apples.
I think the start of 2018 is a period of low volumes bearish market, see my idea below:

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