There is a chance of EDOBTC breaking out soon.
Hence I am not bullish before we break-up the 8.1k-8.2k $ levels, I will look out for more short-opportunities today.
Bitcoin is just testing the Daily-Pivot from below. If we break down will also depend if the sell-off curve is accepted.
For now this looks like a poor try to avoid it. Very short-term targets marked.
Always set stops. Trade...
Hello traders ! This is my view on the BEAM/BTC pairing. As you can see, the RSI, Stochastics, and Money Flow are all oversold. a low risk long opportunity is looming. If everyone is selling, it is about time to start buying. My SL will be just under .00006.
We just need to watch the reaction with the upper trend line and how that daily candle closes.
This analysis is a complementary piece to a series of studies on combined indicators in an attempt to project where the bottom on the Bitcoin's current downtrend is. See the previous posts at the end of the analysis.
*The 1W MA Buy Zone
On today's study I start again with the MA Support Zone, this time on the 1W chart, which is illustrated by the MA150 and MA200....
This is one of the clearest reversal patterns I've encountered so far in any altcoin. Allow me to explain.
First, we were not able to make new all-time lows. This is very significant. It shows the market refusing to even test that price level. Secondly, there was a spring capitulation candle that broke a previous range (doji candles in succession) to the...
Saying Bitcoiin is a microcap is an understatement. If I would ever even consider a position in such a small market cap with an iliquid market, a lot of things need to align. First, I would like to see a clean weekly close above the red line. Secondly, a consolidation period where we could buy a wick below the red line where price gets rejected. Finally, a...
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
Middle term direction - down.
Robot #3 Short at 10400 closed at 8700.
Robot #1 Short at 9340
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Since late last month we have been covering Bitcoin on the long-term ( 5 year ) chart. We outlined it sitting on the most important support zones in years. In our ( Visionary Financial ) most recent market report, we outlined bearish fundamentals are appearing for the first time in a while on network momentum, MVRV and Mayer Multiples. Check out the report here. ...