As we could clearly seen, the price tested the purple line of resistance but bounce from it to the south, we seen sudden dump in price which stoped at first fib level. Analysis goes exactly as planned, now we could see few days long move to the side, the next week candle will tell us if we finish the Morning star formation on weekly chart which will form on...
After the big pump Bitcoin need to cool off first. By the way, check this chart too. I expect a deep and nice retracement after this kind of sharp moves. It's a good opportunity for a nice short position with a very very good RRR. Open a short position now and consider 2 targets: 4050 3700 STOP LOSS 5000 (STICK TO IT!) Good luck :D
To me, it looks like the market is moving slower after each cycle. Our last bull run was longer than the previous one. The 2014 bear market was also longer than the 2011 bear market. To my findings, the bear market of 2014 moved 2.5x slower than the 2011 one. If we use that same factor this time according to my calculations the bear market now should end around...
When the shorts for BTC get ultra low then that means that the opposite of what the majority think will happen. Instead of going up (low shorts, high longs) it dumps (which we can see in history). What will happen? No one knows but the shorts have been this low for a while now and we are hitting support at the 4100 level... Seems like the bears are back in town tbqh
Carefully guys! We can see a powerful rebound next couple of days.. Use stoploss..
Retracement will be soon. Question is if ADA will pump to 20k sats. before dump or if it will dump soon. Indicators are overbought, volume is desreasing - bigger players have to take profits and fill another long positions. On the chart you can see alternate 1.27AB=CD harmonic pattern.
ETH forming ascending triangle within bigger pattern. Currently is bigger propability for dump.
LTC did not have retracement after 125% grow. I think 10% is very conservative short target.
hi guys, with a new overview on BNB, volumes are starting to decline, MACD and stochastics tell us about the weakness of bulls, a market reversal is possible and there is a big dump before the token sale seil! be careful and take care of your deposits. Good luck!
Where bitcoin will go this time.... My idea...
there is a classical divergence on the 1st timeframe, the volumes are falling, the makdi and the stochastics also confirm the reversal, the price can fall to $ 41-48
I expect these two options before the big pump.
2019 for comparison: The Hall and Co 2.0 trading indicator seems to be outlining the bottoming fractal (assuming we are already at the bottom). We just had the local push to 4200 area before dumping then rising somewhat to where we are now. If the bottoming fractal continues to hold true then we are going to have a slow bleed for the next month or so until we...
The reasons why I think we can see another dumb at the short term are: - The 200MA line is a strong support for the past 7 days, that gives me a reason that it can break soon, because its tested so many times. - Also the "BTC SHORT" chart is at a very low point. Most likely this means that we dump another time, this happend 2 times before already. - The last...
Dump incoming? New bottom in april?
( circled ) here you are in no mas land half way in-between strong support and strong resistance, would you open a trade here? if you said YES then you really are gambling and should go to a casino, just ask yourself why would you throw money away on a trade that could go either way? you may as well put your money on RED or BLACK. You have to be patient and wait...
Using the Hall and Co trading indicator a BSO (Buy Stop Order) has been triggered indicating a local top. We should've had one for BTC but it didn't rally high enough to trigger one. There WAS however a BSO event for ETH: Looking back to the last consolidation period after the 2014 Bull we can see that there are two BSO Peaks and two massive dumps to confirm...