the markets printed us a nice big bullish engulfing on the daily almost hitting our final target for this 3 wave push of 4200.
still not over yet so we may get there over the next day or so, how ever our algo is spitting out some take profits now.
depending where you draw your fibs from the 38 could be a solid rejection around 4400 which lines up with a strong...
We are approaching the end of this bearish 'looking' triangle (I say 'looking' because there is no certainty!). It looks to be a break to the downside as the bullish indicators have still not shown in full, just check out the trading volume for 1. The question is can we go lower than the all time low? And if so, what are we in for? Let's see and wait what happens!
Bulls are showing some moves right now. We need a clear break above 6500 level and 6800 level to show that this market is alive.
short term target 6550 if it break upwards 70% chances are it should break upward.
downward target is 6350
ETH
-3.15% loss
Eth had been declining since middle of July so there was no tradeable section for a while and then we had a buy signal after that.
Had pretty large amount of volume (Dark yellow indicates that buy volume is greater) and it's considerably okay to say that good time to trade because its trend breakouts after Inverse H&S.
Eventually, as...
A lot of indecision on bitcoin for a long time. Now, short term timeframe is also ranging but if you ask me it is first going to test the 6000 level once again to see where it'll go to.
Possible, would still be a good R:R long. We're bullish and there's nothing you or your friends can do about it :megadab:
8800 incoming wether we dip or not (in term of probabilities).
REDDCOIN/BITCOIN
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00000080).
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns,...
memetic entry.
we may see a bounce in the upcoming week but got to be superpicky on entries in this bear market.
Stoplosses, liquidations, short orders, this green box is a good buyzone. perhaps.
If it doesn't happen I don't long. if it does not reject price cut fast.
Hi Guys
Bitcoin is now in a major testing zone.We saw a perfect pin bar pattern on the lower time frame charts and have since moved up but have given up those gains soon too.
At the moment a RSI Positive Divergence is taking place and that involves the RSI Falling while Price are not below its previous lows.
Keep in mind such a divergence is of benefit only if...
