Part 5: If Bitcoin Repeats History?
I remind you of July 2017 descending triangle that completely overshot the measured target by around 12%. This is for all the traders who claim descending triangles never break to the downside in bull markets at the top of the trend. Bare in mind this was at the top of a full-blown bull market, after reaching a new ATH and...
While past performance is not an good indicator of future, BTC is plotting similar behaviour from 2017. In addition to going short or long within the accumulation channel, it might be also profitable to buy ALTS at the top of the channel and sell at the bottom.
The market is melting up and it seems all so familiar. Realized it's doing the same thing as last January. Every stock and even foreign indices has the same pattern as last January including STZ tanking today (lol).
Mutual funds and 401k buying into the market at the beginning of the year. Stay out of short positions for the next couple of weeks.
During the second week of Bear action, we saw a break of the psychological level of 1.40000.
With 2 re-tests offering opportunity for traders to load shorts. An impressive move lower pushed this pair towards the March low.
With the bearish move in full force we could see a move lower towards the 2017 Bullish trendline, which could be offering support and...
These are guidelines of what may or may not happen in the market.
BTC DUMP 10 DAYS | 29.45%
BTC PUMP 19 DAYS | 37.45%
BTC DUMP 4 DAYS | 6.9%
BTC PUMP 8 HOURS |3.6%
BTC TAX DUMP 4 HOUR DAY 5 (April 15th) | 24.45%
Currently BTC pumped from 6K to 7800K that is a full 30%
According to percentage analysis BTC...
Bitcoin price position had gotten so far distanced from the MA 50 and 200 that a correction was due. This even correlated perfectly with the RSI. Bitcoin was very overbought, but has now been corrected. Both the intermediate MA 50, and the long-term MA 200, are still sloped up at this time. However, the short-term EMA 15 and the Volume are currently sloped...
Well as of publishing we just hit $18,000 for Bitcoin
1 Hour chart shows clear golden cross after breaking up out of the triangle
bitcoin supports held and helped push price to a new ath and onwards to a possible $22k before crimbo is on the the xmas cards
if it does break down into the blue area we could see a quick reversal tho, still exciting stuff
While I'm being quite conservative with Monero's forecast, for now it's behaving that way.
With the difference that a few days ago he broke a very strong resistance that came from the past and became the XMR that we all want.
From a healthy behavior, I continued in bull trend and according to my point of view XMR should be worth much more.
Thanks as always to...
While Bitcoin is about to surpass $10K USD making history soon before 2017 ends, all the other major altcoins too are on the move to making new highs. On the other hand Litecoin (LTC) is already on the trajectory to reach $100 USD as the price is forming the Handle of the "Cup and Handle" chart pattern currently with Fibonacci retracement levels before making the...
Here is the usual report for previous month. After fabulous september month, we had a Okay-ish month in October with a small growth of 2% or a few hundreds pips.
Best of luck for November!
EURGBP +21 pips / +0.13% (follow-up of september)
USDCHF +85 pips / +1.74%...