Bouncing off of strong support, BTC should head to 7600-8050-8270-9150-9750 levels from here. A decisive close above each level mentioned would make the up-move stronger. If BTC breaks above 9750 in the upcoming weeks we may see the rejuvenation to 14500. Until we get a decisive close below 6000 we are safe to buy and stay invested.
The peak 2017 was related with the rising of new altcoins, if we take it out of the picture for a second we can see a rising behavior.
Bitcoin is seeing a strong change in momentum to bullish after breaking our major resistances. Buy above 7774. Stop loss at 7536. Take profit at 8265. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is that the biggest bank in Denmark, Danske Bank, has released a report criticising cryptocurrencies over perceived risks...
Bitcoin is dropping beautifully as expected and we expect further bearish momentum. Sell below 8027. Stop loss at 8295. Take profit at 7329. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is that the European Securities and Markets Authority (ESMA) has toughened its stance on cryptocurrency derivative contracts,...
Bitcoin dropped right to our profit target before bouncing perfectly. We remain bearish for a further drop. Sell below 8324. Stop loss at 8705. Take profit at 7329. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is that twitter has decided to ban ads starting today. Twitter is by and large one of the largest platforms...
Bitcoin continues to drop as expected, we remain bearish for a further drop. Sell below 8755. Stop loss at 9089. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news surrounding Bitcoin is The Office of Foreign Asset Control (OFAC) announcing that it was considering including digital currency addresses associated with its list of...
Bitcoin has dropped from our selling area nicely and sees a lot of bearish momentum. Sell below 8758. Stop loss at 9211. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news event surrounding Bitcoin is Edward Snowden making an announcement that the big structural flaw that is has, the long-lasting flaw, is its public ledger. The...
Bitcoin continues to test our resistance level. We remain bearish on this idea. Sell below 8945. Stop loss at 9511. Take profit at 7920. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrency is Social Media Giant “Snap” confirming that it has banned ads for initial coin offerings (ICOs). This has caused cryptocurrency as a...
B itcoin is reacting nicely off our selling area. We remain bearish waiting for the drop. Sell below 8590. Stop loss at 8893. Take profit at 7837. Reason for the trading strategy (fundamentally): The big news event surrounding cryptocurrency is Donald Trump signing an executive over to impose new sanctions against Venezuela for its controversial “petro”...
Just a general idea of how this could work. 1.0000.0000 BTC = 1.000.000,00 USD COINBASE:BTCUSD BITFINEX:BTCUSD BITFINEX:BTCUSDLONGS BITSTAMP:BTCUSD
Bitcoin has reached our profit target before bouncing nicely. Prepare for a drop. Sell below 8590. Stop loss at 8893. Take profit at 7837. Reason for the trading strategy (fundamentally): The major news events surrounding cryptocurrency would be Israel’s securities regulator has said that cryptocurrency-related firms may not be listed on the Tel Aviv Stock...
Bitcoin dropped perfectly before bouncing up and reacting off our resistance once again. Sell below 8417. Stop loss at 8870. Take profit at 7608. Reason for the trading strategy (fundamentally): The cryptocurrency world has been hit hard once again with South Korean prosecutors raiding three cryptocurrency exchanges this week over suspicions that staff...
Bitcoin looks poised to drop even further after breaking major resistance. Sell below 8463. Stop loss at 8870. Take profit at 7608. Reason for the trading strategy (fundamentally): The biggest news to hit cryptocurrency hard is google announcing that they will be banning ICO and Crypto ads starting in June. This has hit bitcoin hard and the confidence of many...
Bitcoin has made a bullish exit of our triangle formation, lining up nicely for a strong rally. Buy above 8838. Stop loss at 8380. Take profit at 9868. Reason for the trading strategy (fundamentally): The big upcoming news event today is the “Examining Cryptocurrencies and ICO Markets” held by a subcommittee of the U.S. House of Representatives Financial...
Bitcoin has made a bullish exit of our triangle formation, lining up nicely for a strong rally. Buy above 8838. Stop loss at 8380. Take profit at 9868. Reason for the trading strategy (fundamentally): The big upcoming news event today is the “Examining Cryptocurrencies and ICO Markets” held by a subcommittee of the U.S. House of Representatives Financial...
Bitcoin is on short term support, opportunity to play a bounce from here. Buy above 8838. Stop loss at 8380. Take profit at 9868. Reason for the trading strategy (fundamentally): There aren’t many huge news event that have affected bitcoin and cryptocurrencies in general, although there has been some good news with South Korea’s ban on initial coin offerings...
BTC Bottom is in place. However it will consolidate between Blue TL & Red Line before breaking out. Upside Targets : Green Uptrend Line Green Zone 2,3,4 Those who have the FOMO syndrome can start accumulating in and around Blue TL area. 17000 25000 38000 New Range will be 25000 - 38000 after 38000 is tested