bitcointrading

Short-term buy..... look for the price to bounce of the support line

Bitcoin took a little bit of time to consolidate after the huge rally. The bulls are gathering enough energy to take the price higher again. The size of the next breakout could equal the size of the earlier move, which would take us around $3373. Hold on to your seats, rocket launch incoming.

Hello I would expect a big move from BTC in the following week. As you can see on the chart we have been compressing for quite a while and both MACD and RSI are nearly neutral at this point, so before you guys jump in to take a trade we should look for some clues off the heading of this move. 1 Lets take a look at the order book, is quite heavily filled with ...

Well it bounced. At this point I cannot predict if it will. I do know that these 4 points are going to be potential pivot/lagging points that will give enough time to consider entering a position.

BTC is lil weird to trade right with the ETF news. But here's the plan : a short before breaking the bull flag. I wanted to make this shorting 2 hours ago, anyway, now I'll wait for the long entry :) If you venture into the shorting, no need to remind you to watch out for upward breakout, in which case, long all the way ! Good trading lads.

Looks like we might have found the bottom of the current downtrend. Positive divergence on the RSI. Confirmation could come from OBV breaking the downtrend line. Considering the ETF announcement is probably less then 48 hours away, buyers are likely willing to return.

This looks like a cup and handle with double bottom and rounded bottom. also the dash dump money is gonna have to go somewhere so Im long on XMR/Monero Check out my youtube channel for cryptocurrency trading videos https://www.youtube.com/channel/UCD9j5qyDqQvb9qnLss3vxww

Bitcoin has been performing beautifully since February 2016. It has been a year of spectacular growth, and I'm fairly confident this will continue for some time. Why? Let's consider some basic things. In the past few weeks, we witnessed bitcoin drift sideways for almost a week at around $1010 USD. This is something that bitcoin has never done. There is only one ...

Bitcoin seems to be giving in earlier than expected. At this point volume is crucial. if we fail to find support around $1000 or come off $1000 but fail to breach $1024, then the selloff is very much on the table.

We are currently in a definitive price range. The public seems to be feeling very optimistic about the price of BTC, but I think we are going to top-out and dip back below $1000. potentially $800-$900 medium term.

Waiting for a breakout, & continue heading north for this winter would be the idea, if no breakout, further retracements might occur due to profit taking, but the consensus is definitely being long, at least for long term.

BITCOIN ANALYSIS

We have been in a tight range for one months. Following my previous analysis here, we have now broken the lower part of the range. Accordingly, it is time to take a short position. Here is my plan: Trading Plan to Sell: Entry price: Around 610$ Stop Loss: We exit if the price goes back into the range at 650$. Take profit: Before the second ...