After the last wave of the fall, which began on November 6, sellers could not reach $ 0.28. I wrote about this price more than once in my ideas. Throughout last week, the beautiful growth lasted and buyers have tested the global trend line of this coin, which can not be broken through for a year. Pay attention to what volumes buyers have come to this trend line...
Market update for Bitcoin:
Sentiment is still very bearish and people are expecting lower levels according to our sentimental analysis.
When there is a huge amount of shorts open (36700.13 BTC at time of writing) and the chart is showing a bullish signs such as bullish divergence then there's always a higher chance for the market to move upwards than continue...
Unsurprisingly (though disappointingly), we're witnessing a great Black Friday sale for cryptos. The question we should be asking is how low this can go and where it will stop.
I personally think $140 can be a support. If broken, $100. Under that we have $50.
At the same time, good entry points may be coming soon early next year.
Im buying VIBE here.
VIBE have found support on the 50 and 100 days ema. I think it will try another move up, possible 40 - 90 % gains on this trade if it plays out.
See chart for targets and stoploss!
EasyX Community:
-We are a Community who help each other as good as possible, but especially the most recent ones who need to learn from someone who has already...
TECHNICAL ANALYSIS
Hey guys whats up! Here's a very big opportunity to buy BTCUSD and stay for long.It was under correction since the beginning of these year. Now it's the right time to Long it and be patient..I am expecting that BTC would reach 1 million by 2022. You will regret if you miss it, So don't miss it. Good Luck.
INDICATORS USED
1. MACD
2. RSI
3....
Digibyte has been moving inside the yellow triangle for more than one moment and now it is waiting for BTC move before breaking upward or downward.
Risky trader can buy now but with a close stop loss.
RSI curving up.
Let's see if it will moon or dump to previous strong support 0.00000324.
Hello cryptomaniacs, BTC is still in the mother of all bear markets and descending triangle as we speak , so the technicals are still in play as the last analysis. Volumes are low, sentiment is down and the tourists have left. BTC is lonely and needs some love and affection. There needs to be more new money, more excitement and more fomo if it is ever going to...
All the Top 20 Alts chart looks the same.
Reasons for Long :-
I am expecting a big news from Justin Sun. After the torrent giant acquisition TRX has not shown any substantial movement.
Daily Chart is showing that we are going to test the red channel zone.
It happened with XRP, then BCH....maybe the next will TRX
On the other side we can move to green...
I have sold all XEMs taken @ 10 cents (very limited loss from my side in this case only few percent). Situation of wide cryptomarket is strange form me. All is cheap, but it looks like could be cheaper. So i choose one more time to stay aside, and even if i buy some crypto, that will be probably very shortterm entry to catch some shortlasting bump. 6000$ BTCUSD is...
Currently, the market looks like it starts to make a little pullback! BTC has pointed down and shows some pullback signs and so as Ethereum!
We have some signs from the daily timeframe and from the 12h timeframe. In the daily timeframe we could see a bearish candlestick pattern called "Tweezer top" and in the 12h is also a bearish pattern called "Evening Star"....
QTUMBTC sees the divergence between the real price moving and most of stochastic indicators. Have good support zone(all time minimum). Waiting for bounce up!
#Bitcoin storngly holding 0.706 level and has held it 4 times. This is the 4th time it is attempting to break the support. Let`s hope for the best!
After the break out of 8600 a new bull run is Highly Likely. Good days will come soon!
BNBBTC Elliott Waves 12345 have done, Elliott Correction Waves ABC - in the process. BNB broke the strong support line and returned to testing it(touched the ex-support line), bounced from the line down with broke-thought the flag and completed Wave B by this. Now it's forming the bearish pennant.
BTCUSD is forming the bearish pennant, by Fibonacci-lvls main target 127,20 %. Can reach the active zone than - downward, or go down at once in the small flag (show below).
Last night was crazy. bitcoin dropped down to 6860, and now it is bouncing back. I have shorted the market last days(8.2->7.8, 7.7->7.3),took nice profits. I tried long at 7100/7200 position, because that spot was the final price for a nice bounce, considering all the EW patterns...but low liquidity didn't allow that(my prices were filled at 7130, stopped at...
Bitcoin is currently testing a support zone formed by the $7.441 support, MA100 and 0.382 fibonacci level. This area needs to be maintained in order for the trend to continue.
In my previous report I wrote about the chart pennant pattern and explained precisely which conditions are required for a bullish continuation to happen. It never reached the breakout...
