Sell below 7993. Stop loss at 8885. Take profit at 5758. Reason for the trading strategy (fundamentally): Another big news in the cryptoworld is Lloyds Banking Group, which includes Lloyds Bank, Halifax, MBNA and Bank of Scotland, has barred customers from using credit cards to buy bitcoin and other cryptocurrencies. Its decision is over concerns that users may...
Well...!!! As a Technically is little bit good news is that BTC last low is $7000, then it maybe reverse and maybe stable again.
BITFINEX:BTCUSDLONGS down by a huge. Capitulation is in the air. 4H Bullish Divergence. Mildly strong bullish reversal signal. The first clear one actually. Mind you, we are still in a bear market. This if anything, is a short term bullish reversal to maybe hit the RES at 11-12k$ range. That point will be crucial.
BITFINEX:BTCUSDLONGS just took a hit. Capitulation is in the air. I'm still bearish long term, but expect a bounce up to the RES trendline around 11-12k$. At that point it'll be a make or break. Moderately strong bullish RSI divergence on BTC on 4h. Keeping my eyes peeled.
Bitcoin is now testing major support at 8108 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing low support) and a potential bounce could occur at this level to drive price up to at least 11822 (Fibonacci extension, Fibonacci r etracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 7.7% where a...
Buy above 8098. Stop loss at 7161. Take profit at 9923. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrencies would be Bank of America and JP Morgan Chase banning customers from purchasing bitcoin with their credit cards. This was largely due to the concerns about the credit risk of those who make such purchases. Adding on,...
BTC has been at the crucial level where buy orders around 7500 have created a wall therefore, the market will continue to go up, in waves, retesting the 17500 level any pullback might be a good buying opportunity Disclaimer It is not a financial advice, everything you see in this chart is a personal opinion, should not be used as an offer to buy, hold or...
Bitcoin Strong Support, if it can not break 8k, we may rally back to 13k TP 13k
Bitcoin has dropped absolutely perfectly to our major support level as expected. We now see our 1st major support at 8890 (Multiple ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push price up to at least 11970 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is...
Buy above 8968. Stop loss at 8591. Take profit at 9898. Reason for the trading strategy (fundamentally): The big news would be India’s finance minister, Arun, announcing that the government does not view cryptocurrencies as a form of legal tender and would take measures against the tech’s use for illegitimate purposes. This big stance on cryptocurrencies shook...
Still on track for between $50-80k this year.
Hello Traders! Notice you, that near future BTCUSD has minimum 2 variants of possible priceaction. Correction phase, is not over & still in power! Plse, be care youself! After the retest of bottom 8500 - 8000, PT's will try to take long position to "Short term target": 12000$. "Middle term targets": 17000$ - 18000$; "Long term targets": 23000$, 27000$,...
Bitcoin continues to hover above major support at 9509 (psychological level, horizontal support, Fibonacci retracement) and a break of this level could trigger a sell off to push price towards 7572 (Fibonacci retracement, horizontal overlap support). We can see that price is facing major bearish momentum with a long term descending resistance line holding it down...
Sell below 10478. Stop loss at 11223. Take profit at 9328. Reason for the trading strategy (fundamentally): There continues to be more negative news surrounding Bitcoin and cryptocurrencies as a whole than positive ones. The latest one being the U.S. District Court issuing a temporary restraining order (TRO) freezing BitConnect’s assets as a second lawsuit was...
wowww!! btc in this huge uptrend this could mean some nice profits soon or later!!! step in before its to late!!
Bitcoin has dropped absolutely perfectly after breaking our ascending support and has reached our major support at 9500. We are now watching key support at 9509 (major swing low support, Fibonacci retracement) where a clean break of this level would open a potential drop to 7572 support (Fibonacci retracement, horizontal overlap support). RSI (34) remains under...
Sell below 10478. Stop loss at 11223. Take profit at 9328. Reason for the trading strategy (fundamentally): The biggest news that has driven Bitcoin lower recently was Facebook’s new policy that bans advertisements involving bitcoin and initial coin offerings, citing that they are frequently associated with misleading and deceptive promotional practices that are...
Bitcoin has started to test major resistance at 11962 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down to at least 9470 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding...