Quick update on the BTCUSD markets for the short term. We can see that the market is clearly hitting against the ceiling at around 11600 – 12000. With the Bulls staying shy of the market we can see that the demand is dwindling and the CCI might switch over to Bear mode soon. On the short term I would advise caution to those speculating on the Bitcoin markets....
Long BTC/USD. I am long BTC/usd from the 61.8% pullback from its most recent move. My take profit is going to be $24500 and stop loss $12000. The bigger picture here is the mania has slowed down, people are looking elsewhere, but all cryptocurrencies have a base meaning of anonymity and bitcoin isn't going anywhere in MY opinion . I am long and continue to stay...
Price Corrected ~50% from the all time high at December 17th, 2017 This is the largest correction I have personally seen since I started mining in February 2017. Historically in the last 3 years we have closed red in January; (2017, -0.2%) (2016, -14.5%) (2015, -32.4%). We are currently down ~18% for January, 2018. The uptrend from September 17th, 2017 was...
BTC still in downtrend. Graph showing me it will touch 9085 in
Buy the break-out of downtrend resistance + resistance zone & sell 50% on touch of first resistance line and raise stop-loss. Sell 100% of position on highest resistance, set alerts and re-open trade on break of resistance, ride to 19-20K & beyond ATHs. Simple. Risk: Medium Risk:Reward: 2+
Bitcoin price correction and this so called "levels of artificial price" lasted longer than expected while being hold by sharks 'n' wales. When Bitcoin makes his next second retracement (which happened already yesterday), and rebounced (but not strong enough, because rebounce slightly from 9300 $ (which is "additional support level" ) You should all cashout...
Buy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There has been little major news announcements that have caused Bitcoin to move significantly recently. There’s still a battle amongst the bears who are riding on the wave of regulatory setbacks Bitcoin is facing and the optimists who are bullish...
For now, the bears are still in control of BTC, every time BTC attempts to bounce back it is met with more selling. IMO BTC is heading down to the $8000 area as I laid out as a possible scenario (#2) in the Dec. 23rd chart that I published. When you update the chart you can see how the price broke through long-term trendline #1 then came back up to retest it...
Bitcoin is seeing major support at 10427 (ABC Fibonacci extension, major 50% Fibonacci retracement) and a bounce could occur at this level pushing price up to at least 12844 (38.2% Fibonacci retracement, horizontal pullback resistance) before 14488 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above...
Buy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): Price has dropped strongly amid concerns in Asia as investors still keep an eye out on the crackdown in Korea. Most recently a senior official at the People’s Bank of China is reportedly calling for a wider ban on services related to...
BitCoins (BTCUSD) is experiencing a new low in 2018 currently at the time when this forecasting report is being written. In fact, since 17 November 2017 when BTCUSD made an all-time high of 19666, we did not see another higher high. In fact, on 6 Jan 2018, BTCUSD made a lower high of 12735 and the question is whether there will be a new lower low to be formed. ...
Trading suggestion: There is possibility of temporary retracement to suggested support zone (11339.85 to 9350.00), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Closed Profit: TP1= @6930.00 TP2= @7450.20 TP3= @7773.55 Open Profit: 1 trade is still open Technical analysis: .Price is below...
BTC is still in the ascending channel (lower section) and has been bouncing off of my long-term trendline. Ascending channels typically are a short-term bullish pattern that often forms within long-term downtrends as a continuation pattern. BTC was in a downtrend when this channel first formed but I wouldn't necessarily call it a long-term downtrend so I am hoping...
BTC did an amazing run in 2017. Now it's time to reset some indicators and go back to the bullish log channel we left during the mania mode. This doesn't mean BTC is dying or anything, we just need a healthy correction and might as well see the current price of around 12500 in February. Last time we broke such a long consolidation triangle down was again because...