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We got in long on the breakout, let's see how this develops
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BTC Update 24.09.2018
Bitcoin almost reached our predicted target at $6900 zone and was unfortunately rejected in the short term for now.
As now everyone is watching at that descending triangle formation it was predictable that market makers wouldn't allow the price to touch the trendline from the first attempt.
Currently we have two possible ...
Sorry for no chart updates over weekend but not a whole lot going on anyways in the charts. Last chart, we had hit $6738 and I was looking for the bulls to be topping out soon after that. Bulls got up to $6823 before beginning to consolidate here. 4 Hour chart began forming lower highs and lower lows and has now broken below EMA support. Daily chart is holding ...
After a daily inside bar bear break, and loss of 4 hour higher lows, we are now seeing daily consolidation on BTC.
We are back testing EMA support, and so far the bulls are buying the hourly oversold RSI dip from the support break.
We have to be cautious as there is a lack of support in this area. Bulls need to change the hourly trend to be looking for our daily ...
Bitcoin is trading higher alongside the broader cryptocurrency market after the US SEC once again delayed their ruling over a potential Bitcoin ETF. Short-term buyers are now in control of the world’s number crypto while price trades above the $6,500 level. Buyers need to break the $6,700 resistance level in order to keep the recent bullish momentum, while sellers ...
Whats up Ledges,
BTC is looking like its topping currently., Failure to close above the heavy resistance at 6782-6839 on a high time frame and three consecutive inside bars are signalling a sell off.
I dont think that the yearly support at around 5800 will hold another time, i think we’re getting xloser and closer to the final dump.
Purple line is my idea of ...
On the chart, we observe that the price stopped in the range between 6.800 and 6.600. At the moment, the price goes to the lower Bollinger band.
The Stochastic is in the overbought zone and the MACD is above the histogram. We believe that the price may go below the support level to the level of 6.150. We advise you to look for points to enter short positions and ...
Bitcoin has repeated the FIB retracement to 0.618 several times. If it does it again the blue box should be the point where it happens. This was inspired by Alessio Rastani.
The probability of rebounding is very high
If the price breaks down to 4350, it will climb to 4750 and there will be up to 5,000 chance.
But remember that nothing in this world is 100%
Our Friday's bet on Double Bottom pattern was correct, but right now is a moment of thruth for BTC.
In two words - it needs to stay above the 6505 lows to keep bullish context.
We see two possible scenarios that could realized here. And one of them that already almost in place
we discuss on our forum. It describes in details how to play ...