BTC was unable to reach out target 59,500 and fall back down due to high sell pressure. Now it has fallen back to it’s previous consolidation zone. It is good as the price is consolidated, btc.dominance will fall and altcoin will rise. This weekend we should see price to 59,500 next resistance.
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Market Overview
Price Action: Bitcoin...
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SUMMARY:
Just got a confirmed long entry on Bitcoin (BTC). Let's go! We have mapped out a bunch of potential support and resistance levels.
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STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR...
Right now, Bitcoin is sitting on a ledge and it could go either way. There are both bullish and bearish signals active across the time frames. This one to me seems most relevant as it is inter-day, and falls during the closure of the CME due it being the weekend.
Often we see unusual behavior over the weekends, so I've gone ahead and drawn up a conditional...
Let's see how stable that bottom really is.
As always, this is your signal analyst, Krewbacca_xR.
Shutting down fake analysts left and right with these two hands.
Here again folks, the diamond reversal formation at play.
Two stops, one clear winner, bulls are off to a rough start. Let's see who takes this win home!
There's a lot of analysts supporting this Wykeoff strategy. Perhaps a bit of a clickbait?
Trade Tag: Wykeoff's Nightmare
Position Type: Short
Margin: 1%
Leverage: Cross
Entry: @7950
Exit: @7156
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...
What are we waiting for? Simply put, for it to go a little lower but as stated in the previous post, start setting up your Altcoins Buy Orders. There are a few death crosses forming in the lower timeframes (2 hour and 3 hour) which will nudge BTC further down. A Death Cross is when the 50MA (50 moving average) crosses down the 200ma (200 Moving Average) in any...
I am using the double bollinger band strategy and the Bitcoin-signal strategy to give us
a double chocolate confirmation.
Watch where the day closes on the double bollinger band
If the day candle closes below the bollinger yellow deviation 1 band then there can be a bearish pullback to the center bollinger 20 ma band.
If price falls then it will cross below the...
