Bitcoin is trading in the $10,000 - $10, 500 area for the fourth consecutive session today. Still, bulls manage to keep the daily closure above $10,200, which is a good sign for the mid-term. On Wednesday and Thursday (12-13.02), BTC was rejected twice at $10,500 and since then is not able to consolidate properly and make its move to print a new local high. The...
After the last winning run, I showed you that support and resistance is a very simple concept that will make you money. We buy at an area where there is a lot of support and we sell as soon as we hit resistance, it works consistently and your number of winning trades will go up a lot. What is the key ingredient of this style of trading? Simple, patience and...
Back on December 20th, I noticed that BTC has started a shift towards going up. When you gain enough experience you'll see these shifts the day they happen and you start cashing in on them right away. I was making a case against the tide, footprints of a pivot are very subtle and most analysts can't see them. The consensus was that we were going down some more, my...
Entry: 2862 Stop Loss: 2514 Target: 4603 Risk/reward ratio: 1:5
A few weeks back I made a post about how BTC appears to have made a shift from running downhill to starting a slow uphill jog. Is this slow walk uphill going to hold? So far it has (for two weeks now) but we're about to find out since we are coming up to a decision point very quickly. There is one area of concern that can answer the question, but we'll circle back...
i believe bitcoin hasn't put in its bottom yet to many people are still bullish as in the way market cycles go i believe it will push up to the top of this channel or wedge depends how you draw it and reverse of it around $8000 to $8500 and in conjunction the bottom of ichy cloud and 20MA witch is the middle band on bolengerbands then bouncing its way down around...
BTCUSD (1H) - short term bullish bias The bitcoin has reached the November low of 6535. While sentiment remains bearish for the medium term, we may expect a short-term rebound as sellers take profit and buyers buy the dip. The RSI has recovered from the over-sold area and suggests a pause in the sell-off after its over-extension. The 20 and 30-hour moving...
hoping it bounces from here, alot of text book fibs clustered here, the "5"is steep AF though and no V yet... if we go sideways for a while could drop to 5 of 5, if not done already, looking round 6800 ish... or dilly to heaven or hell... I really hate this count though to be honest... not very text book at all...but im thinking this last part is impulsive more...
The Wave 2 correction just ended at where there was cluster of fibs and right also the fib time ratio of 61.8% expired on October 24. Wave 2 also finished in the price zone of the previous wave 4 of the lesser degree. The descending channel has also been broken to the upside. With all these confluence there is a higher possibility of bitcoin exploding with a lot...
I believe ALT season is getting closer upon. You can tell by how much most ALTS are starting to diverge from BTC price action. When BTC dumps, ALTs will either stay sideways and when BTC pumps, they make bigger gains. This is the first clear sign of a possible bottom for ALTs. So lets talk about EOS. What is the best buy entry for EOS? When price close/open...
Since topping at 13.8k a couple months ago, we have been in choppy consolidation, and forming lower high on high time frames. Currently, I am short biased HTF and looking for longs on LTFs if we can hold the 10.2-10.3k region. Waiting for confirmation is key here, and closing above 10.5k with volume would make me bullish and targeting $11,170. A clear loss of...
BTC resistance 9890-9920 support 10210-10280 daily long range 9980-10400 Trade idea buy limit at 10050 20-50x s/l 9970 t/p 10400 BCH good news, 30% at 300 hold till month end. Please like our idea by pressing like. Feel free to comment below and we can strike a meaningful conversation. Find us at Telegram below for updated free ideas. t.me