The decline continues. The price fell out of a series of graphic figures, which indicates a continuation of the bear market.
We expect the breakdown of the local bottom and the completion of the pulse in the region of 3400 and below. Next, we will observe the progress of the quotes.
Long positions can only be planned - the implementation period is incomprehensible.
Well well well our last trade was a huge success, now I am looking at the big picture and trying to figure out what could happen next. Now btc is trying to hold a bullish line back from years ago (See green line on chart) if this line breaks down I have little hope for a bullish move until 3-4k. Fractals and ALOT of TA is saying 3k SHOULD be huge support zone, so...
Whole crypto industry has suffered huge market crash. As we can see BTC stopped by 4500$ level, if we are looking to the previous market movements it is accumulation zone before new dump to the 3500-4000$ support levels. It is very likely that it will happen in the end of the week or in the next week:
1. Price has touched 5000$ and failed to break out that level...
Sorry the noise, but i'm trying to speculate main next convergent zones being
4650ish for bulls and 3950ish for bears.
the nature of convertions and distance from current price make the shorting bet being less risky (and therefore higher probability). So i tend to agree with btcmachine view and speculate a target around 4000k thats is also a psychological support
This is a quick short side trade idea, only for educational purposes, if you look well BTC is respecting the 200EMA, so a back to the low of hig a day is inevitable, in the chart i marked the Entry, Target 1, and Stop Loss, also, if you look at a 12 hrs (720mins) chart you will see a bear flag, adjust your stop loss, but i think BTC will come down all the way to...
Buy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot...
Very strong short signal this time people. Bulls are finnaly about to get a load of reality. It is what it is and we can profit on this. After a year of waiting we have come to this point were the price can no longer support itself any more. The magic 6k support about to get broken and this time it's gonna be real ugly. targets are 5.5k/5k/down around 3k.
We...
Very soon we we will fall to the area of 5143 and expect a simple correction extends from the point of 6000 to 6771 point and then drop to the point 5143 again and break it and hold it two days will drop to the point 3515 and expected a strong rally if the price did not prove below it and closed two days and the horizontal line green point is a strong resistance now
In trading, we don't talk about certainties, because they simply don't exist. If anyone claims otherwise, then it's better to ignore their advice and move on.
Is this the bottom? Probably not. Should we, as traders wanting to make money on Bitcoin's moves short right away without understanding the underlying market conditions first? No! We are not gambling, we...
as per the longbuylongsellindicator the perfect short has come one candle before in 4H time frame .
I am bearish in this chart .This is predicted using Auto LongBuyLongSellIndicator .
As long as red background is there the short can be continued ... Related Indicator below in the "Link to Related Ideas" Also strengthmeter have given positive signal to short.
*** TA could hurt you more than it can help, takeout the guess work with 1 indicator. :)
I know when i see bears.
I know when i see bulls.
EASY business.
Buy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken...
![BLX: $BTCUSD 2014 Vs 2018 Comparison [BITCOIN]](https://s3.tradingview.com/7/7m9G9B6u_mid.png "$BTCUSD 2014 Vs 2018 Comparison [BITCOIN]")
