Morning guys, So, it seems that we were correct on our call to be careful around 5840$ area. In fact, this could be 3-Drive "sell" pattern. On intraday charts it looks more bright. In two words speaking - bulls' failure to push price through recent tops means that they are trapped in wrong direction with stops below recent lows, where majority of traders have...
We have three peaks, higher highs, great strength and bullishness with Bitcoin (BTCUSD) trading daily above EMA10. And as we always says, our bullish potential remains as longs as the candles are trading above this indicator. Now, can Bitcoin drop before hitting the $6000-$6200 resistance zone? We are looking mainly at two different scenarios, and a third one,...
Aloha, trader. Welcome back to another trade analysis. Today we will be analyzing the crypto market once again. Ripple has exploded with nice volume this morning while most other cryptocurrencies have remained somewhat boring. Ripple is the coin to watch at the moment for short term movements, but we hold that Ethereum and Litecoin will prevail in mid term....
Look What i found _ A Treasure _ Buy and HODL this is what i always looking for this is the best situation everything shows that we are going to have a great movement from this coin so you know what to do BUY and HODL and ENJOY YOUR LIFE BRO.
we have an obvious descending wedge pattern on the 4hr I believe we'll hit close to 4k on bitmex soon weekend perhaps buy buy buy buy buy buy buy buy buy buy
Morning guys, So, upstep is done - market shows upside bounce from our anticipated 3500 level, which is suggested by daily H&S shape. Now BTC has only one legal road - up. Illegal reversal will mean H&S failure which suggests drop below the 3000$ Head level. Now time has come for our "conservative" tactics, if you were scared a bit to buy right at the daily...
- everything labelled on chart, let me know if you have any questions, I WILL REPLY
IMPORTANT: Bitcoin must stay somewhat stable for this to occur! Bullish divergence everywhere tho..
Bitcoin (Thoughts): - used a line because it has insights that candle doesnt - BTC needs a catalyst like ETF, major adoption, etc. but can blow up easily after that - $6800 is the most important resistance for BTC to break Q4 for BTC is usually a good time :)
On the 29th of April, EOS/BTC has reached an all-time high, hitting btc 0.00244. Since then price has been declining consistently, and on 22 August found bottom. After EOS has bounce off the support, the total loss to the Bitcoin was nearly 75%. The support at btc 0.000620 was confirmed by the 38.2% Fibonacci retracement level, applied to the uptrend trenldine...
For almost 6 months Cardano has been losing its’ value to the Bitcoin. Since may price dropped by nearly 77%, while ADA/BTC moved from 4200, down to 900 satoshis. At that level, ADA found the support at 327.2% Fibonacci retracement level, applied to corrective wave up after the uptrend trendline breakout. The support has been rejected cleanly; in fact, ADA just...
Today GAS has been rising sharply and went from 75k up to 150k satoshis, resulting in a 100% gain over the Bitcoin. Volume has also went up substantially and it seem that the upside momentum will continue. Currently GAS/BTC has corrected down by nearly 20%, while the price has declined from the 153k high, down to the current price at 125k satoshis. This might be...
So we are in a zone with a lot of different possibilities, I have several charts that confirm this is going down into the low 5ks, possible high 4ks. But everyone wants to know.... "When's the bounce though?".. Well with the T D 9 on today's charts its possible this is the start of a relief rally the bulls have been looking for... I'm still short with a stop...
XZC is a chart that looks promising but its also dependent on bitcoin, this formed a double bottom, also bullish divergence on indicators. Orange resistance line needs to be broken to continue the double bottom. I like this trade setup for me and just sharing with you all my thoughts. Its also on its last support so that is where my stop loss is set so if it...
Looking at the volume profile indictor we can clearly see the largest support area bitcoin has is between $400 and $500. Now I am not calling for this region to be tested 100% but I think it is interesting to remember that traditionally this is the price bitcoin has been traded at. According to volume profile there is essentially zero support way up here...
Pretty clear where we are moving from here, short uptick to hit the resistance level and then continuation of the trend until sentiment changes. Recent SEC news is good for crypto, but we still need to work off some of that winter fat, it may take all summer... Short term: Mild Bullish Mid term: Strong Bearish Long term: Bullish