Sept 13th - Jamie Dimon makes a public statement that Bitcoin is a fraud. Price immediately plummeted 30% into the low $3000 range. Oct. 31st - CME Futures Annoucement Price rocketed ~220%; sending us to our current all time high just shy of $20k Nov. 17th - CME Futures Launch Immediate collapse of ~43% at the time this article is being written. This was...
Price has started to reverse nicely below our key area of resistance. We’re now watching closely as to whether price would break our key ascending support line which could possibly trigger a strong bearish drop towards 12923 support (Fibonacci extension, horizontal swing low support). RSI (34) shows that we recently made a bearish exit and could be the precursor...
We are on pretty solid swing low point for buy. Also D1 candle confirms that. H4 break EMA 36 and resistance acts as a support.
Price didn’t trigger our bearish scenario yesterday and instead rallied to a strong area of resistance at 15912 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to drive price down towards 12923 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance...
Sell below 15889. Stop loss at 17446. Take profit at 12840. Reason for the trading strategy (technically): Price has shot up without triggering our sell entry yesterday. We now see that bitcoin is testing major resistance at 15889 (Fibonacci retracement area, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong drop from this level...
Price has dropped strongly for Bitcoin since its high at 20,000 just 2 weeks ago. Now we’re seeing a strong continuation triangle pattern that suggests price could drop even further. Our major support is at 13434 (Fibonacci retracement, horizontal swing low support, triangle formation) and a break of this level could push price down to 11172 support (Fibonacci...
Sell below 13430. Stop loss at 14920. Take profit at 11156. Reason for the trading strategy (technically): Price has dropped strongly and is starting to form a triangle formation which is a precursor for a further drop. We look to sell when price breaks our support at 13430 (Fibonacci retracement, horizontal swing low support, triangle formation) for a strong...
As we see, price is stretched to the downside. Price got rejected at the L-MLH (orange), and is now in bounce mode. I'm considering buying in to this blowoff slowly - if anything... I want to see price stabilising here at the low, then waiting for my signals and then start buying...maybe... ;-) So, no hurry for me, because there are millions of trades waiting...
Buy above 15456. Stop loss at 13906. Take profit at 17960. Reason for the trading strategy (technically): Price is now back to testing our major support area once again. We remain bullish looking to buy above major support at 15456 (Fibonacci retracement, horizontal overlap support, bullish price action) for a further bounce up to test the 17960resistance again...
Ethereum bounced above our major support level and reached our major resistance level perfectly. Now it is dropping strongly and our next major level of support is at 710 onwards to 692 (Fibonacci retracement, Multiple Fibonacci extensions, horizontal swing low support) where a possible bounce could occur once again to push price up towards major resistance at 792...
Bitcoin still testing support. Waiting for trend confirmation by either breaking down the 618 or heading to the 236 retracement. Possible targets Long: 17800 Short: 13100
Bitcoin has shot up from our support area to our major resistance area perfectly before reversing once again. We’re seeing strong support once again at 15455 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to drive price up to our major...
Buy above 15467. Stop loss at 13901. Take profit at 17945. Reason for the trading strategy (technically): Price shot up from our support area and reached our profit target before dropping down to our buying support once again. We remain bullish looking to buy above major support at 15467 (Fibonacci retracement, horizontal overlap support, bullish price action)...
Current direction of things if nothing major gets in the way or no major rallies, just continuous growth until the last day of the year.
Bitcoin has dropped strongly and is fast approaching major support at 15455 (38.2% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support, bullish divergence) and a possible bounce could occur at this level. Our next major level of resistance is at 17929 (Fibonacci retracement, horizontal overlap resistance) and our next major level of...
Inverse Head and Shoulders formation appears to be pointing at a rally to $21,855. This will put us at a 45% rise since Sunday afternoon. If this rally completes, we'll probably see a Bull Flag or Bull Pennant form for a short period of time, until we complete the weekend rally. I expect the weekend rally will rise just as much as we have risen after the...
If we look the market in 2013, there is huge bull and bear market trend. I felt like things happened in 2013 will be the same in 2018. If we compare 2013 and 2018's Fibonacci Retracement, they look very similar to each other. After the bull market, will probably happen in 2018, I'm guessing the price of bitcoin will go down to 5-6k. However, I believe the price of...