Two possible scenarios: Fist - that BTC broke up fibbo 0.5 and fixing price at this level after this we can go to 8600$ and upper Second - that BTC flat lower than fibbo 0.5 and broken down at last local ATL (6700$) and then at fibbo level 0.23
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (7412.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Lower Low on Price Chart, Higher Low on Indicator.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (8927.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . BTCUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Hello, Traders! Monfex is at your service and today we overview BTC Dominance. Turning point? 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...
Indicators show a bear scenario Need to keep track of triangle support
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. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan
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,...
Caught the knife at 9525 on a short exit. Gonna ride back up and reassess.
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 >> BEAR RUN If the Price breaks down...
Does what it says on the tin
Update will come very comprehensively but need push LIKE button for motivate me. Thanks a lot.
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...
BITFINEX:BTCUSD Trying to break above small down channel developed over last few days. Looks like 8150/8200 is key level to watch for more upside. On the down side 7500 is the key for bears.
When you zoom out, things become a lot clearer. Bitcoin touched the top of the channel and is starting a correction. Buy Zone 5500 - 6200.