The trend is going up for now but: 1. Don't buy now. Its too risky to pick tops. 2. Take your profit and wait for another breakout out of a flag to go long (look at the related idea). 3. The trend is still going up so don't short unless the support level of the latest high is broken to prove that the trend is broken. 4. Sometimes doing nothing is the right choice....
Swing-Traders should wait for a good opportunity to go long. See previous idea :)
In this chart I examine the trend since $XBTEUR bottomed after the Bitfinex hack induced correction. The weekly chart reveals an uptrend time and price target that can guide us in the coming weeks. It appears like we can reach a peak in sentiment and consolidate or get a correction after we reach this zone in the next 2 weeks. The daily chart will guide us in the...
"Breakout Direction: The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case. Breakout Confirmation: Some...
Bitcoin to make new ATH's before testing the all time Bull support line. After that its going to the moon.
harmonically bitcoin due for break having moved aggressively through cycle. as it did in 2013. the lines in enneagram are a harmonic flow, and do not indicate support or resistance, but the intersections are turn dates which i can project.
I spy with my little eye... Something that looks.. Similar and potentially bullish... If thee leave a thumbs up to me, I shall know that thy agree... BTC Tip of the Day When BTC moves a lot or a little, only the foolish ask nearly immediately, what is the news that is surely moving our beloved BTC?
This is a thought I've had for a while and well it seems likely enough that it is worth publishing. An inverted head and shoulders is also confirmed by the volume profile as being a viable formation. This chart is intended to depict the GENERAL direction only, NOT for specific price targets.
Things have seemingly slowed down in this BTCUSD rally. Market is relatively overbought and is overdue for a correction. Over here we see a head and shoulders has developed on the hourly chart over the 1210 support level. We may see a breakdown to test older support levels in the coming future. If you are planning to short this, I suggest you put tight stops just...
This is your last chance to SHORT. This H&S will play out as it happened in September 2016 and we'll go all the way down to 0.011. Don't make the mistake I did at that time. I bought at 0.023 in September and became a bagholder until this month. I finally sold at 0.024 and took a very small profit. I did learn TA meanwhile so bagholding was definitely worth it,...
I have no idea about LISK, so this is just based on Technical Analysis. If this works out in the end and you made profits, please let me know in the comments why do you think LISK is a good investment. I'd like to know more about the fundamentals but I'm not so interested into researching it myself. Stop-loss at 0.0002. Good luck!
I know it sounds crazy at this moment of capitulation, but I think we'll be going back to 1160 next week. Short term we're going to hit the lowest support level at 840-870. It's the lowest red line in the chart. We haven't visited that support level since August 2nd, 2016. After we bounce back, I expect the descending tightening wedge to break up and take us to...
Bulls and bears are on a draw and fractal logic suggests we're going to be sideways until March 29th. Bulls are going to wake up big time that day. The narrative suggests it will be related to the triggering of the Article 50 by the United Kingdom, in order to do a "Hard Brexit". That means Britain should officially leave the EU no later than April 2019. That also...
It looks like the bullish tendancy will go on. Bitcoin insiders have bet on a shorterm uptrend since the beginning of the year (red dots). Why would it change? We might just see a pullback to the midterm trend (blue support) or even the longterm uptrend (purple support), but a little defiance from the institutions has no reason to shook all trust in Bitcoins...
BTCUSD is in might be wave Y and targeting 1060. Cheers!
goodbye sweet prince...