BTC/USD is looking a bit bearish at the moment. $470 proved to be resistance once again and has made a lower high at $466 on the daily chart. My concern is the break below this blue dashed line could be a sign of selling to come. The volume is also not matching that of a true breakout from the $420 area. The DMI has been showing lower highs on the weekly (a sign...
Current indication is that the new major trend is up. My suspicion is a lot of people are seeing the very long term dashed blue trendline as a significant support line. This looks reasonable to me as well as it has much more significance than the newly dashed red trendline, which has been breached on Bitstamp. The ADX is also at a historic low point, which...
Big dump from 3015 and now retracing that dump, it'll retest the structure, fail and drop. Once it begins to drop, depending on market sentiment it could floor to 2800 or bounce at 2850 support. After ~2 days consolidation from the point it hits, it will fly up to resistance and test for the third time with a breakthrough. Shorting the bounce then longing the bottom.
Buying 435-442 is good! if those prices hold we should head to 500 afterward All buying opportunities will come till 8 May Use them wisely Good Luck
We will get to 460s, 500s, make a little stop then we will continuo to 600s This trade could take 2 months Good news about Segwit and Soft fork will come.
We can apreciate how is in ascending cycle this Cryptocourrency, and am taking positions acording with that, lokking very focus the SL area to change all to plan B (BEARISH) the $430 look verry high probability to be testest. Keep patience. Happytrading , happy week
I think if we look at higher lows since october 2015 we can clearly see slow and steady rise in bitcoins value. Market is very calm those days but overall prediction is long. I think at January 2016 we can expect price 480-500 according to this steady appreciation. If you are interested in buying bitcoin, you can do it for sure on bitstamp.net or at eToro ( ...
BTC/USD: On the monthly charts, we are in a range. Price was rejected at the 437 level, this puts 295 back in view. On the weekly we are ranging. On the daily we are ranging, and price appears to have broken out of a triangular range on Friday. A Tier 1 long to 437 region is possible. Trade management: take some off at 437 on reversals. If the 437 region...
Sonner or later, but the target its the same. If we brake 500$ in the next days, I spect reaching 1k before spring, for an approach to 3-4.7k before the year ends. If the last support drops (blue one), We may see again prices near 300$, even 250, for a longer rally in 2017.
Bitcoin traded through the descending channel, which was completed on the selling purge through $280. Although the spike created large positive volume, price action outside the channel remains weak. This is likely to to a "buy on the dip, sell on the rip." Price action is thought to remain between a larger sideways zone between support of $357.21 and resistance...
We saw several attempts tu push us below 607 level, what would end with testing 603 or even 593 support. Yesterday we bounced - I'am not sure if Dell news are important, but we started after them - and leaved downtrend started 1.07. Now we are struggling upward, 625 resistance becomes an support, we will see if it is a weak one or good enough to help us climb...
A couple more waves then a quick drop before a rise to 780. These numbers were pulled deeply out of my ass, but I believe nonetheless.
The longer term prospect for bitcoin is still not to hopeful and my "big arrow" remains in place. Based on my analysis alone, I will put up with all possible scorn from folks who just offer opinions which as I say are penny a dozen. However seriously as outlined in my last live session, I was looking for 50% retracement on BitStamp to 550-540 zone was duly met in...