BQXBTC TRADE
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Weekly
Looking at our trend timeframe we Ethos respecting our downtrend, stochastic rsi showing momentum is shifting towards the upside. Will be watching smaller timeframes for entry, last time we were at this price we saw a radial push from 7700 up to 70000. Are we going to be seeing the same thing?
Daily
Shifting over to our pattern timeframe we see a...
Although chart indicates a squeeze it does not say it will move radically at the tip of triangle. Insted it would continue bouncing between suport and resistance lines
Bitquence recently found the high at 33650 satoshis, after which price went down sharply. It broke below the 50 Moving Average and then penetrated the uptrend trendline, suggesting the continuation of the move down.
The Fibonacci applied to the corrective wave after breaking the trendline and the moving average, shows that BQX/BTC rejected the 127.2% level twice,...
Good day to all.
50 MA crossed 200 MA down, it is possible to continue falling.
From the level of 24200 there may be a slight rebound of the price to 27,200 satoshi, but the drop is likely to continue. Strong resistance levels are not visible. Theoretically, the level of 21,400 satos can become reversal after lateral movement, but purchases at this level should be...
Buy if it breaks the horizontal resistance then finds support above it. If it does break horizontal resistance then it will probably find that 200MA (white line) as short term resistance before re-testing the horizontal line as support. This would be the time to buy. Then put a tight stop loss a few percent under the aforementioned horizontal resistance line. If...
= ELEMONT FX =
Analysis:
- Bitquence is correcting further down after breaking below support
- We expect price to continue retracing towards the major support level (blue zone, 31,000 – 33,000)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- This would confirm the uptrend is still in play
- Break of 42,000 resistance...
= ELEMONT FX =
Analysis:
- Bitquence has found support (between 61.8% - 78.6% fibs) after a previous breakout
- Reversal trade using fibs as resistance levels
- We expect price to retest key points of its breakout and then either confirm a continuation higher or lower
- If price closes below support, we expect further short-term downside
Reversal Targets
1....
Bitquence starting to look strong after breaking above the downtrend trendline and rejecting the 127.2% Fibonacci support level at 32k satoshis. Price continues to produce higher highs and higher lows while rejecting the uptrend trendline.
All-in-all current price action suggests the continuation of the uptrend. The upside target is seen at 90k satoshis,...
