Good Buy Fibonacci shows 78% retracement from huge increase in May 2017 4hr MACD uptrend Strong support at 25k
Bad Buy If break through support, next strong support is at 10k - 12k Bear market MACD quite extended. Expect short term downtrend
Uptrend Confirmations Found good support on 50MA and starting to curve. Hope for a golden cross with 100MA. Hourly MACD on the 1h indicating an uptrend. MACD on the 4h indicates an uptrend is in progress. Clear breakout above resistance line
Downtrend Continuation Break through 50MA MACD 1h could cross and begin downtrend. Fail to keep above resistance line Keep in mind BTC movement.
Keep in mind, we are still in a bearish market!! :D Short term Target - 32k/35k Mid/long Target - 40k above Stop-loss - 22.5k
Good luck!
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forming a bearish flag. Be careful friends! :)
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UBIQ is still going strong but I wonder how long can this last. Looks like a bearish flag formation. BTC is on the move upwards with investors still preparing for the fork and bitcoin gold, high chance UBIQ may topple down before making another run upwards. So stand by. :)
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ouch so BTC's movement hurt this badly.. stop loss people!!
Trade closed: stop reached
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Formed a bearish flag and it toppled over the support lines. Hope you've set stop-losses. =)