Monfex is at your service and today we overview BTC Dominance.
We are located near the resistance line. Will it hold on? Very likely. The market firmly pushed off the resistance line! Short-term, perhaps we will pull up to 70,70 % and there will be a likely rebound in the target zone ~ 66,40 %.
MA100 acts like support and...
Good daily close, showing the waves shaking and panicking people. Good zone for long term and HODL. This zones are weekly zones so we have to wait and swing trade for the moment. I dont recommend margin trading for the moment. Margin trading is better with dollars in short opportunity. If you are more conservative wait the break of the counter trend line for more...
We are doing Analysis of BTC .D on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Longer Term Timer has turned neutral on Bitcoin/Dollar. Every this has happened it was a great buying opportunity for the longer term as we have been in a bullish market state.
If we are still in a bullish market state, it might not be a bad idea to accumulate some more of Bitcoin by simply Dollar Cost Averaging.
If you would like to see more videos like this,...
Speclation about BINANCE:BTCUSDT is always confusing for a new comer to understand what is going on in the market ? To be frank, thats make this amazing cryptocurrency a pain in the @ss for traders. You cant predict whats gonna happen next.
From my analysis, I believe there are two possibillities, Bull Run and Bear run
If the Price breaks down the...
BTC has not been able to exit the channel as shown in the figure. There are many signs that BTC will reverse to go down at 9400$ zone and this is quite reasonable when a lot of Altcoins has entered the strong support price that noone wants to sell off anymore.
The best scenario for the market (and the best for Whales) is that BTC moves down to the lower edge of...