When we find ourselves in a range is because very strong forces are restricting the movement of price, in this case, there is a legit reason why we just can't get above a certain price and don't drop below a certain price as well. We are currently trapped between $7800 and $8600. Why these two prices? $8600 is where the 200MA stops momentum and then returns to the...
I hate intraday chart trading, because always sucking me out. But this one, I think may good. I'm using my HTF account to play this out. TRADE SETUP Entry : 10.461$ Margin :x10 Target1: 10.625$ (fib 0.23) - 15% profit Target2: 10.800$ (fib 0.5) - 30% profit Stop: 10.422$ ~5% loss with fees Causes here, read my related educational content: How to making...
In this idea we will look at 2 potential scenarios: 1. Game continue 2. Game over In case if that was top i expect strong correction 21 EMA can provide for us good support. Also on that level we got our favorite number 0.618.
With strong fundamentals like: FOMO. Fidelity Investments. Facebook Softens Policy on Crypto and Blockchain Ads. A New Crypto ETF Has Just Been Filed With the U.S. SEC and others. This can be true!
From TA point of view we need correction but fundamentals are really strong. They can push price much more higher! social media definitely can help it. "Fidelity Investments’ new cryptocurrency company will offer trading for institutional customers in a few weeks, Bloomberg reported Monday MAY 6 Betting that the cryptocurrency bear market will turn around,...
Hello to all who watch my charts. Here is the current situation in Bitcoin. After the impressive rally on over 5000 Bitcoin is now in my oppionion in a short position We have lower lows and lower highs, which is clearly proven since the fall below my middle blue line at around 5000 points. Interestingly, the BTCUSD comes back, right up to my top blue colored...
If we consider that the correction ended in late June, then in August the stage of the set of positions in the range of 6250-6500 $ began. If buyers keep this price zone, I expect growth to 8200 before the end of the year. Otherwise there will be a negative scenario that will be published after the breakdown of this price zone.
Well Bitcoin retraced as we expected it to retrace so now we are having a reversal and we are flipping bullish again! Now we have EMA 20 crossed EMA 200, EMA 50 crossed 100 and soon EMA 20 will cross EMA 200 which is an extremely bullish sign so we have a downtrend line meeting us at 7kish area however this time I think we do have the potential of breaking this...
Bitcoin positive start to the day, though the lack of an early relief rally leaving the Bitcoin bears firmly in control going into the weekend. Bitcoin Technical Overview Day Trading Range: $6230 - $6650 Key Resistance: $6455 - $6528 - $6580 -$6635 - $6680 Key Support: $6378 - $6320 - $6278 - $6220 - $6170 Most Likely Scenario Long above $6400 with target...
After a 2-week consolidation in the range of 6300-6500 buyers checked the price range of 7300-7500. Consolidation was in larger volumes than the previous one, which lasted from June 12 to July 16. Yesterday, when buyers tried to break through 7300-7500 - the market went a lot of volume sellers. The margin shorts chart confirms this. Therefore, I think without...
***This Idea was charted on a Log-scale chart*** On August 17 2015, with months of a deterioration of Bitcoin's price, everyone's confidence in Bitcoin waned as BTC price fell below $200 to a record low of $160. Almost a year beforehand, Bitcoin was almost 10 times its price, and some people that had bought at that time as well as the Hodlers were starting to...