The price forms an ascending "wedge" model.
We expect to complete the construction of the figure near the price of 4050 and the beginning of the correction to the level of 3930/3830 (the level of buyers).
Stop loss - 3760.
Target purchases - 4600/4750/4900.
ATTENTION: is better to place purchase orders after the test level 4050.
My idea :
There is some trader who find the trend base on future's contract sentiment.
I study this trend many time from the beginning of CME.
There 2 type of contract period 3 month and 6 month
I prefer focus on 6 month period as a main trend.
since i think 3 month period not a main future trend.
any discussion ? .... glad to discuss about it
The bull market model still remains promising.
However, over time there is a risk of triggering an alternative scenario.
Locally relevant buying from the level of 3930, 3830 with a stop loss at 3760.
If buy position closes with a stop loss, the alternative scenario will become the main one.
Price moved up. We expect a further increase in the value of Bitcoin in a bull market model.
The main level of change in the general market trend and wave marking is 3870.
Priority purchases from supports.
The price made a sharp correction.
At the moment, we see all the chances of prolonging growth. You can buy at the current price with the objectives to close a position above 4600-4900. Stop loss level - 3850.
We assume that the medium-term correction is over.
We expect the continuation of the long-term trend.
Locally possible growth to the level of 4100 (sell level), after which we can expect a correction to the level of 3900 (buy level).
For the cryptomarket the year 2018 has begun with the global correction of all the currencies. The first futures for Bitcoin—the most popular currency—triggered institutional capital hedging through the conventional financial system.
A step towards accepting a digital asset into the conventional market created new opportunities for the future cryptomarket...
The price decreases in the narrowing wedge model. A trading plan involves the purchase of Bitcoin after the candlestick fixing above the model's border.
Locally expect testing of the yellow range, after which it is possible to implement a trading plan.
Within the framework of the idea, the price is rebounded from the middle of the channel and the sale with the target of 3500. Further, the recovery of the price within the medium-term movement is possible.
In the last idea, we denoted the exit of the bitcoin price from the graphic model "flag". The correction has continued and it is possible to rebuild into a triangle model. Like last time, we should expect a candle fixing beyond the borders and dial a short sale. Also, in a more risky version, it is worth selling from the upper border of the triangle.
The previous idea with the graphic model "wedge" did not work. The price remained within the boundaries of the model, and the market-maker weakened the growth momentum.
Bitcoin updated the lows, forming a rebound from the level of 3300. At the moment, a certain "flag" is being formed with 2 spurious emissions.
We expect that the price will form a positive...
Long positions are closed, and short positions are actively growing.
All the movement has outlined some channel, below the boundaries of which the price is most likely not allowed.
It is also possible the formation of a wedge, from which the price can jump out quite a good distance.
It is necessary to monitor and identify any model to work.
The price did not break through the local bottom, forming a rebound within the range.
If you look at the tick volume, it is easy to notice the increase in prices at a reduced interest.
Of course, demand may arise during the appreciation of the cost of Bitcoin, but for us there is still no clear sign of a reversal.
It is worth paying attention to how the price will...