Afternoon Crypto Junkies! Pretty easy to see here. We got a descending wedge that has been consolidating for the last several hours. This could also be considered a bull flag pattern. MACD is also fairly low as both fast and slow signals are about to cross. Love trading GRS as it offers tremendous gains!
We are reaching a critical point! If we pass the 200 day moving average we can be looking at a Bull Run coming soon! Keep a close eye on the critical point I circled. Hopefully the Bearish market is finally ended and we are heading toward months of upward movement.
Currently we are on a downtrend because of the falling wedge formed by COINBASE:BTCUSD . I'm expecting this drop to hit $8150 - $8050 range withing next couple of days. As you can see we are currently forming a bear flag which validates further downtrend. P.S: Trade at your own risk. Not a financial adviser
Every thing is looking good if the potential support hold we are fine , if not entry point will be at arround 2000sa , on the previous accumulation zone and then we will wait for the market to recover first target for me is 6000sa :)
Hello everyone! After my ETH/BTC chart I thought a USD version would be a good follow up so here it is. Its basically the same as the ETH/BTC chart trend wise, down. the difference here being is that ETH is hitting hard supports compared to the ETH/BTC chart. Is this a indication for a reversal on the BTC chart or is it just the optimism getting corrected after...
I'm waiting to increase my position on Bitcoin around $6,500. Volume, trend line and 200 day moving average is not looking good at the moment. Buy if we move above the 200 day moving average or if we hit a major support level around $6000-6500.
Feathercoin bouncing between 0,197 and 0,315. Breaking points and resistances are indicators for short term which you can use for short term CFD trading. Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with...
Volume and buyer sentiment doesn't seem like it's high enough to move above the bearish trend line! Great buying opportunity if #btc drops below $6,500!
I don't believe in this little push/recovery today! I still see a overall downward trend continuing.
We just broke through the last support level and came back below the trend line as well. Next support level is around $9500! Hopefully we don't go below that but the volume and buyer sentiment doesn't look good!
The market is showing us the symmetrical triangle pattern. This pattern can break either way and that's why it is important to pay attention on breakout. Don't try to buy too low because you might end up losing. That's why it is crucial to have proper breakout confirmation from the expanded volume for example. What we need to see also is that the 4 hour candle...
I'm thinking if it does go down to the .0027822 level again it will bounce.
On this chart: BTCUSD (candles) NASDAQ Composite (blue stepped line) for (loose) reference BTC Moving Average (white: 50D, Orange: 150D, Yellow: 300D) BTC Trends (Green: UP from lows, Red: down from highs) BTC Fib retracement from 2017-12-17 ($19891) down to 2018-02-06 ($6000) BTC Fib retracement from 2018-02-06 ($6000) down to 2018-02-20...
Bitcoin is on the last correction point before going up Mark my words :)
We have been in a bullish trend for 12 days now! I think the critical point will be passing $13K, if we do get ready for a great ride towards $20K.
The Price is retesting Uptrend Level second time. This level has acted as Support Level in the past but has turned in to Resistance Level . This time The Price happens to be at the intersection of Uptrend Level & previous Support Level zone which is acting as Major Resistance Zone now. This is where The Price might get rejected and start falling. New entries...
The price is inside the Symmetrical Triangle. Interesting part of this pattern is that it can break either way and it is important to be able to trade this either way and not to be over biased with your trading setup. Uptrend is supported by the golden crossover of MA50 & MA100 which is indicating the beginning of new uptrend. Histogram supports upward movement...
The Price bounced upwards from the strong support zone formed by MA50 & support levels of 7,900.00 / 8,300.00. Also the Price breached Downtrend Line (In the bigger picture this is top line of the Falling Wedge Pattern). Bullish Hidden Divergence supports upward movement which is indicating continuation in the price movement. The most important pattern is The...