Bitcoin can not get enough demand. I'm expecting a huge decline. Btw, I'm not going to trade this setup. Just analysing! FYI: This is a SELL STOP setup. This is not financial advice.
From February 2018 entry until early March 2019 entry, LTC is the best performing crypto. Not much else to say beyond this other than its still extremely high beta. If you would like more words with my financial analysis please feel free to check out more content at www.anthonylaurence.wordpress.com
While several exponential moving averages still signal that BTCUSD is trending upwards, traders are witnessing a significant decrease in volatility to the upside as measured by rate of change (ROC). Although volatility is usually not a quality sought after in assets, for BTCUSD traders it is fundamentally a function of why investors get in long or short for the...
Gold is rising along with Bitcoin and other crypto currencies while most major world currencies are weakening. We can see that trend with Litecoin for example over the past several months here: However, when we change the x axis and shift the time frame left towards further back in time, we can see the extreme volatility of cryptos. While over the past three...
I think B wave just formed, this "breakout" is ridiculous just look that volume. So far we saw 2 bull trap whether this will be the third? RSI showing some type of Head and Shoulder pattern. MACD is going to crossover to negative side. If you use Trend-Based Fib Extension from wave 0 to A to B, you will get that C wave will be around 0.786 Fib (3530$). Bitcoin...
BTCUSD is now enjoying the longest bull market since the 2017 bull market where prices reached $20000 USD per BTC. In spite of this, moving averages at the daily level still assert we are overbought and most traders are net long on BTCUSD, although Daily FX's sentiment analysis suggests that because of the change that sentiment still suggests a bullish run...
BTC is currently pathetically trying to take a new Higher-high but it won't make it due to the lack of buying power, pressure from CME and CBOE. The former one (buying power) is obvious. Take a look at MACD, RSI Stoch and you will clearly see an immense divergence. Concerning the Bitfinex Long/Short indicator we can see how longs are being closed during this...
Sentiment is king in much of crypto and foreign exchange trading. This is mainly due to the fact that hedge funds, banks, and other financial institutions own all of the data on trader's positions and then can leverage that data by betting against the trend or the crowd to profit handsomely. Data from IG though can now give us a window into crowd sentiment. If you...
Sure, you may be able to get some small gains upwards, but that next Fibo level will be impossible to break through. Keep in mind, most the analysis you'll see uses extremely short-term charts at the hourly level. I'm still amazed there are still people throwing their money away on this particular crypto while the options for gains are so much better with returns...
We haven´t see any breakout during the past days, no any further strength in any indicator. While there is no indication of change of strength, is better to stay out of the market, however after a few tries of a breakout consolidating which never happened, now is the proper moment to enter short. The best view that I have so far is that this is the leg b of a big...
Greetings friends . I'm excepting the market to reach level of 8473.5 . Make sure you catch it . Hope y'll find this useful . G'day Friend.
Hi guys, Bitcoin and Ether are printing exactly the same pattern, so although I´m short in Ether, I´ll focus the analysis in Bitcoin since what happens in Bitcoin will happen in Ether. In my previous ETH analysis I was debating wether we are making a symmetrical triangle (which definitely is not) or an ABC from December 15th. So there is another chance as well,...
-Respected daily trendline (black) -M forming on the trendline (4h and lower) -Emas indecisive Emas on the 1H (with the price) -Price failed to make new Higher Highs, so we have dificulties going up -We could wait for a retest of the daily, but then theres no M as confluence, or we could break the hourly counter trendline (blue) for further confirmation of...
There is not much to talk about, it's crash and going to test new background. Respecting the Fibonacci and triangle. Targets $3240, $3065 and $2897.
Pattern: Descending Channel with trigger Lower Highs. Signal: Short near the next Lower High (marked by the Channel Up). Target: 3170 (1% added on ever Lower High drop).
Bitcoin NEW DOWNTREND, to take out yesterday's low and possibly establish new trend. Good luck!
Our recommendation for Bitcoin is to sell for several reasons: 1.As you can see in the chart above, the price is below the Ichimoku cloud that means we're in a downtrend and it's better to trade with the trend 2.We see very interesting support that has been supported twice in the past and has survived So we believe the price will want to go and test this support...