Bitcoin retains a strong bid tone on Monday, after the number one cryptocurrency had its strongest monthly start in over twelve month. Bulls need to keep the BTCUSD pair above the $4,900 level in order to maintain the bullish intraday bias surrounding the cryptocurrency. Key weekly resistance for the BTCUSD pair is currently located at the $6,200 level.
Again, I would like to give some confirmation areas, lately those are worked out pretty well - as on my last idea post, I pointed out one consolidation area around 5k, the price made a breakout upwards, it got a candle close confirmation and the BTC price reached into the first target which was the recent high at $5,345, so, a pretty nicely worked...
Stacking long entries as long as this beast continues current bull trend
1st Entry: $5,000 0.20 lot
2nd Entry: $5,100 0.10 lot
3rd Entry: $5,200 0.10 lot
waiting for final entry $5350 once break is confirmed (4h confirmation ;)) 0.10 lot
total .50 lot = 5 BTC LONG ......cost = $250 =)
Here we have BITFINEX:ETHUSD which you will notice has been trading in a flag over the past months and now we are approaching the first major resistance at $180/$220 USD.
Due to the formation the first thing that comes to mind would be bearish continuation for further downside however, given that the volume has been relatively flat we will have to...
In the example,a sell stop order can be used to automatically activate short trades when price breaches the low
of bearish Power Candle setups. It’s best to enter in with the momentum like this for the extra confirmation
the bearish pressure is still there to drive prices lower.
If the price action keep persisting the bull momentum and the bull flag is in play... i think it will come into meet with a high resistance around 6k area and i think there will be a high possibility of retracement into support area provided by 200 EMA to test it's a valid support for continuation of bull momentum (around 5k) ; the reason for me is the all...
Looking at the daily timeframe on BTC
We did consolidate above $4900 for the remained of the week after blasting through the $4200 prior resistance. With multiple failures to break lower this established $4900 as short term support for now. We did break through the weekly trend-line resistance (blue) as well.
My current bias is parallel to the total market cap,...
Hello MATRIX world - Lets get right into it!
Skycoin (SKY) is an open-source, community-owned, hardware-based peer-to-peer internet that leverages the incentive structure of the blockchain.
Skycoin’s platform has been billed as 'completely secure, infinitely scalable, and ISP independent' by the project team. Written in Golang and running on the Obelisk...