A small short, here, as there is bullish divergence in RSi.. short cover at 0.618 level
BITSTAMP:BTCUSD Downward channel breakout expected with rsi divergence... TAke profit adjusted at 0.886 fibo retracement level...
A bullish ABCD in completion of the CDleg throws a potential for a great shorting opportunity.. A recent Rejection from the ichimoku could further validates the conviction..
Dear Viewers, Welcome back to my new Technical Analysis of BTC. As you can see the Inverted Head & Shoulders pattern is taking shape nicely. In the titel I say that BTC might go towards 16k again, why am I thinking that ? Let´s get into it. The Head and Shoulders pattern has its bullish equivalent. This is the inverted Head and Shoulders pattern. Contrary to...
When talking about Bitcoin movement, its very important to state that we needed to determinate in which direction market is moving in order to make decision of potential investing or rebuying at the dips. Breaching 9,9 level was considered breaking of an upper trendline. When talking about retracement, if Bitcoin breached 8400-8800 level with tendency toward 7850...
0.786 fib level of downward channel to 6K low of February 6th, aligns perfectly with the 0.5 level of upward channel after that. Don't be surprised if BTC dips down to test this common fib-level at around 8.8k to decide the ultimate direction.
So just a few thoughts. It looks like the 50 day (red line) is again crossing under the 200 day which has historically seen very bearish movements. We can also see patterns of false breakouts, highlighted in MACD that are followed by continuation of downtrend. And of course we are seeing several divergences, I show one in this chart. Buyers have no conviction,...
Bitcoin is going ahead with its bearish movement. It has to get over 12300 in order to begin a bullish direction otherwise it will test the first short-term support at around 10000 or lower at around 8 thousand. Right now the best choice for short-term investments is to go short by paying a high attention to capital management. That means Small investments to...
The figure speaks for itself For any questions do not hesitate to contact me. Check my other analyse
Bear Flag. Expect a test at this next Support level. If we get enough buyers to step in and push the volume then perhaps the 10 EMA will have caught up. BTC is currently oversold. Today will determine where we go.
I will write an opinion adiditonally regarding this situation. My opinion is that traders are aware of retracement (long expected, prolonged, but inevitable). No matter how long price is being pushed, it certanly cost money to maintain it. Traders, someone is waiting for you to " join and participate in rebounce". Be careful about one thing: Don't drive this...
What we're looking at since 6 February is BTC making gradual bullish waves. On that day BTC started it's upward movement (2nd part of the Head) through the first sign of reversal i.e. Inverted Head & Shoulders. Now we are here trying to break $10,000. As you can also see ALTS are not making much progress. Some are but the majority aren't. This is mainly because...
We have compleated 5 sub-wave structure and finished 3rd wave. Everything going just as i tought, after finishing 3rd wave we will retrace to/around fibonacci 38.2% lavels and i will lot for entry in green box $10150-9975 for last wave 5. My first target for wave 5 is located just below fibonacci -23.6% and second below fibonacci -61.8%, however i think that we...
Enlighten me.
Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (6384.70 to 5110.00), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (6384.70) .Ending of entry zone (5110.00) Technical analysis: Price is below WEMA21, if price rises more, this line can...
according to StochRSI, there will be downside movement from this point