Now a Good Support Around at $9400 - 9450 Levels FOR Bitcoin. IF $BTC Price Hold This Support Then We Can See Again $10000 - 10500$ Within This Month But As of Now Just Keep Eye on The Current Support Areas $9400-9450 Levels
Let's start with this; Why do I seem to be ok with BTC going down if I do not short BTC? Because after every parabolic move comes a big drop, the bigger the drop the bigger the next parabolic move. The best thing to do is to catch it near or around the bottom. Why is that? Simple, you'll triple or quadruple your money. As you can see it will be highly beneficial...
I was able to find the range that we are stuck in a couple of weeks ago. Let's continue to stay weeks ahead and let's plan for what's next. The way I see it these are the two likely scenarios: 1) If we stay around $8300 and then bounce up to retest the 200MA then we'll possibly go over it and onto the $9500 area (Which is big because that will signal a healthy...
Looks more bear than bull right now, a lot of red against the green. Slowing down in strength and could be going down into that little region I'm not entering this but pretty confident as some stage we will end up lower.
Not so much a call but an observation. I feel we are going back to that box again. Not 100% confident on calling it a short just yet though. So let's just wait and see. If you have been short from higher positions you should be comfortable and in nice profit with stoploss locked in.
Bitcoin was able to post an important up move that generated the first higher high in a small timeframe in a while. Bitcoin still has a long way to go and some obstacles to overcome in multiple timeframes for us to say that we are headed up. Let's go over the battles that BTC must fight. First, A while back on Aug 22, I showed you that when price crosses down...
So the difficult thing about trading is trying to figure out the timing of your entry and exit. Is price low enough right now? will it go lower? The best thing to do is to learn to interpret the charts. To get the right clue you must find the timeframe and moving average where the battle is happening. In this case, the battle is in the 12H (12-hour timeframe) with...
Bitcoin Found Support and Balancing For A Gain. Volume MA Is Healthy And Expect Price Increase.
Bitcoin seems to be looking slightly bullish at the moment but its never safe to catch a falling knife. Strong confirmations are good to know if its a real trend or a bull/bear trap. In this situation, Bitcoin seems to be forming an Inverse Head & Shoulders with target leading up to price levels of $5600. This target has strong correspondence to a relevant and...
Brought to you by CryptoSignals.Trade Quick update on the Bitcoin market vs the US Dollar, after resistance broke yesterday, the bulls pushed the prices up to $6940, before the bears answered with some selling to do. Correction in the market here is quite possible as we are facing our next resistance zone, which is $7000 – $7200. Lets take a look at the BTCUSD...