Priceline of Litecoin / Bitcoin cryptocurrency is forming a bullish Crab pattern soon it will be entered the potential reversal zone.
MACD and Stochastic are strong bearish.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.006255 to...
At the 2-hours timeframe we can see a possibility of Head and Shoulders formation. Although it is not a clear H&S all signs further decrease presence at the market as TA indicators are bearish
Overall BTC is still in bullish mood and this decrease can be evaluated as a natural correction. If the price candle at 1-day timeframe manages to close above $7 568 level...
Same price action, broke the parallel channel, went above the 20 weekly ema, then drop below it, about -36% all the way down to the 200 weekly, The RSI is hitting the same resistance levels, and the stoch rsi is all the way to the top, same setup.
Two important news on the stock exchange Bitfinex
1. Bitfinex removed deposit restrictions, which used to be $ 10,000. Looks like someone is preparing for a bullran?
That's interesting ...
2. Today closed 20% of short positions
See my idea about trading on stock tokens. There is a certain...
in Bitcoin chart we can see that a desending triangle gonna breakout soon
this triangle can make whole market from Bearish to Bullish
aggred with my idea?
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As we can see the price fell back under the downtrend line. Sign of Bear trend
A weekly 20MA is showing downtrend too (not shown in chart).
We can spot possible trend reversal zones.
Fib 61.80% zone (7900-7800$)
Fib 78.60% zone (7300-7200$)
Uptrend line of the triangle. (6800-7000$)
The breakout of 8167$ level (fib 61.80% of major fib retracement) could be a...
XRP bears are playing with that over-extension visible by end of April 21. As such, correction is inevitable. In line with the stochastic sell signal and the rules defining over-valuations, we shall sell XRP with targets at 7700 satoshis and later 6900 satoshis.
The price accurately followed our previous analysis and consolidated above the triangle which has finished a descending trend. There was formed reversed H&S pattern which is very bullish. The resistance of Fib 0.618 was broken and the price heads to the major resistance of Fib 0.5 which is near $12600. In case of soon break through it impulse growth will start and...
hello dear traders as we see bitcoin break the last and most high top in his history so this will lead us to a new areas i tried in this chart to figure the way that the bitcoin is going to move in the next dayes lets hope the best as i say always selling or buy is only with price action .
good luck .