The Support Trend line hits the bulls now in control Traders now looking to sell it back at $1100+. Just see the past history on November 2013 it is the same thing. it will go back to $1000 level after 3 days traders will sell it The level will take profit if it hits more $1000+ you got lucky. LEVERAGE trading of bitcoin is huge advantage many people earning big...
Traced green line stand for main trend continuation on the 4 hrs. Some little corrections could happen as already did. The purple line is the 1 day timeframe uptrend support line (1D chart is not shown in this picture) If the trend keeps going over this line in the 4hr the uptrend is confirmed and strong. If any under the line correction happens set your SL and...
The BITCOIN went bullish like crazy But now it's time to be careful, all you bulls out there! Some correction may happen, if we judge the bitcoin price as the normal/usual currency price that we trade so often. Even though it's a crypto and some rules may be different for this instrument, the fact that Donald Trump got elected set a pivot point for the day DT...
Weekly Candles have stopped making big wicks, we are up for a correction ? Jurik's RSI (smooth rsi) also shows overbought levels and after every bull phase, btc has correction so i guess we are going to go sideways and then a dump maybe and then form support and hit 6000 levels.
Bitcoin is heading to 1000$ everybody knows this, thats why this trade is risky. The cloud is my protection; my stop loss Hope you enjoy the upcoming fun.
When Bitcoin breaks the GREEN DOTTED LINE & GREEN SOLID LINE Then TIME to SHORT. Next support line is the BLUE solid line around $320 zone.
Pitchforks indicate there is more room to go sideways. I estimate we won't challenge the all-time high until late this year/early next year.
Just updated the chart for both Bull & Bear BITCOIN traders even though I don't trade short term things. The SOLID TWO BLACK LINES are for BULL channel traders and the DOTTED RED/GREEN PARALLEL LINES are for bearish traders channel pattern.
Just updated the chart for both Bull & Bear BITCOIN traders even though I don't trade short term things. The SOLID TWO BLACK LINES are for BULL channel traders and the DOTTED RED/GREEN PARALLEL LINES are for bearish traders channel pattern.
THE DOTTED RED LINE AND DOTTED BLUE LINKE MAY CREAT A FUTURE POSSIBLE CHANNLE TRADING AREA.
OK GUYS, GALS AND PALS. BITCOIN PROBABLY MAY MAKE SOME NEW HIGH BUT VERY LIMITED AS THE RED RESISTANCE LINE IS IN PLAY. BUT ALSO HAS SOME GOOD UPSIDE POTENTIAL. PROBABLY IN A ZONE TO BUY FOR SHORT TEMR HOLD AND SELL IT DEPENDING ON SITUATION PROBABLY LAT OF THIS YEAR OR EALY NEXT YEAR AND GO FOR SHORT SIDE ONCE THEY BREAK THE 1ST GREEN SUPPORT LINE AND SHOWS...
Bitcoin has been running far into the apex of its potential triangle pattern. Usually this means the pattern is either not happening or the move out of it will only be very shallow. Overall the consolidation does not change the big picture. Bitcoin is on the way to $800 and $1,000. Let your winning run and keep your stop at $465
For more info and a comparison of the 5 mayor cryptocurrencies of this moment, please see steemit.com And go long. Very long. :)