This is my prediction based on how the trends are aligned and how recent moves have form the right conditions for an uptrend channel where bitcoin could probably recover to the 10k level as seen in the weekly chart and hitting there slowly if it manage to pass through the 4500 USD level. On the daily it seems that it will falling and eventually hit bottom, both...
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Hi there! It's channeling down and respecting trendline support and resistance so far. in my opinion USDCAD will be a SELL unless there are more fundamentals favoring USD. If price breaks the channel, we can think in long trade.
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance....
Just for you a bitcoin guide for 2018.
This is the year in which bitcoin will be discovered as the digital gold. Digital gold instead of true gold as safe haven.
I will try to follow this analysis in shorter timeframe dependent of time that I can spent for it.
BIO
BTC bounced on the 1d while oversold of the 200 SMA....
I couldn't of painted the charts better myself.. on the 4hrs we have a nice little channel, trade the channel bounces.
This three resistance are strong, the price will go play with them until he end of the channel, all the bounce are intrusting and can make us a lot of money :)
BITFINEX:EOSUSD
Do we go up and up or eventually down? :).
If it comes down to support it could be a buy point (unless it breaks lower) or if it breaks the upper resistance then we have a very good bullish signal for upper trend which is another buy entry point.
Watching...
We can see a cycle where BitCrystals's price is going up and down with the period of 2 month. Now is the time to buy imo, the price can reach 0.00034 inside a chanel and if it breaks then 0.00040 will be good. Now we should keep an eye on it and wait for the candle to close above Ichimoku cloud above 0.000256.
Good luck trading!
The NZDUSD has started a new multi-month down leg. The channel has been formed as pictured.
You can use this bounce to get a 2nd chance at shorting near the highs on its way down all the way to 0.4980.
We moved lower, breaking many structure levels and making a L3C. I immediately think bearish, and we may have an opportunity to go short. We had a Double Top at previous structure (OR), and I'm now waiting to see if the 2618 completes.
Price has bounced off of resistance on the horizontal channel and is on the move down. DMI showing bearish trend, MACD sell signal, 13 Day MA about to cross 9 Day MA, Parabolic SAR about to show sell signal. Volume has also gone down by a large amount. Price targer around $13.24, then will reshort if the trend breaks the middle support.
