Volume starting to come back into IOP. MACD is about to cross and RSI heading up. Previous targets still stand.
Sell below 11786. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): There has been slightly more good news coming in lately which is causing Bitcoin to hold well above the 10,000 mark. Good news revolve around Singapore’s MAS (Monetary Authority of Singapore) believing bitcoin won’t cause a financial meltdown like the 2008...
BITSTAMP:BTCUSD Hello Traders, I have an price action analysis for both bitcoin buyers and sellers so stay tuned. For Buyers: Idea no.1 : Look to go long on pullback to support zone of 9005 - 9023. StopLoss : below Support zone. Take Profit : 12500 Idea no.2 : Look for Breakout of 12589 -13059 and Go Long. StopLoss : Below 12000 Take Profit : 16000 ...
Looking for an entry to BTC and I'm focusing on the yellow elliptical are representing the breakout zone for the recent downtrend.
BTC is indicating a reversal again on the 30 mins chart. We should start to see a bounce back up from here. The last two divergence calls have been sport on.
I find it always helps to analyze wave counts from a variety of perspectives. Quite often the truth can be found as we zoom out and view the count from a big picture perspective. To that end, the daily chart for BTC suggests that there is still some unfinished business ahead for the primary wave two pullback. Intermediate wave (C) of primary wave two appears to...
This sell off today is possibly just a retest of yesterdays destruction. If this support holds then we could have a really good pitchfork. Also look at how price poked right below there area of support in green. Imagine all the panic sellers closing out their positions saying "this is it". Please give me your sells. Lots of opportunity with a very tight stop,...
I post that chart because I know some of you are going crazy about the bitcoin... is it a bubble or not.. Well let's make this straight... if you think this kind of price action isn't typically a bubble.. then you need to review your classics ! Of course this is a bubble ! The only question is when is going to burst.. That's a tricky question.. and trying to...
Since the 11th, IOTA has seen higher momentum since ICO. Recent rally shows considerable support at the 0.618 extension level. If IOTA can push through the 1.105 ext level, then the next high will continue on the second trendline of higher highs, reaching a price of $1.30 USD.
My view of Bitcoin is very bullish and on a medium (next few months) I am BULLISH. For now, i'm out of the market (flat) but looking for a pullback so I can get Long again. The inverted Head & Shoulders can measure the potential length of this current Bull run. Measure distance from neckline to head and project up - but that doesn't mean it will stop...
Bitcoin has been respecting the same trend line on logarithmic scale ever since the 2013 crash. Since then, there have been plenty of bubbles that start in the bottom half of the trend line and bounce off of the top half of the trend line. The one starting in April is no different. It bounced perfectly off of the top of the logarithmic trend line and is...
Is Lisk drawing a cup & handle pattern? I am expecting LSK to break the 82k barrier soon. Waiting for resistance to become support before re-entering. Holding previous long positions from 60-70K. What do you think?