Bitcoin is currently sitting tight and within a new range after the big upward move the other day. It's a big range between $7700 and $9800 but a breakout on either side of this would represent a massive move!
A down turn would indicate the price of BTC going from $7700 all the way down to $5500 before hitting more strong resistance. An upward move would indicate...
follow me for more ideas till next Bitcoin halving. each and every entry exit point.
PM me if you are in loss and want some advice.
let me start boring discussion. ( but it’s very important ).
as we know only 14 days left till the next historic halving event. We need to keep watching every move.
as you can see crucial levels starting from supports 6500, 6800,...
Lesson 9 Trading Psychology is Important
When you look at the market you should see your self. The market is a collection of buyers and sellers. You are a participant in that marketplace, and therefore you are the market. How can you understand the market without understanding yourself?
The mental landscape of a trader is extremely important and very...
Price has heading down to a support zone formed by structure and .618 fib retracement level of the bullish swing that started in 2016. I would expect short termed pullback. todays GBP data are not that bad for the market to simply blow through this important level. No trade set up yet. I will update as price action develops.
Dan
NAS100: Nasdaq 100 Index - An Important Week Ahead
Nasdaq never made it to 7518, failing badly at 7495 and then breaking the first support at 7479 and then falling another 100 points to 7380 before bear closing in the last couple of hours on Friday took the index back to the 7414 line and a newly forming dynamic resistance line just above price now.
It should...
Gold price is currently sitting at a crossing point on the 50% Fibonacci line and resting upon the 1D long-term trend line. This is the deciding point whether XAUUSD will go bullish or continue it's naturally bearish move to 1275.00 region.
Many of us wonder how far Bitcoin will go with the next wave up. Will it hit $10k, $20k or even $50k? Given the fact of a strong bullish run, Bitcoin will need more time to produce an all time high. Market has to take a longer break and consolidation could continue for another 6 months.
The current rise of the Bitcoin could result in a strong growth, very...
It is an important moment for the long term trend of BTC. Looking at the simple log chart you can see that we are coming to the end of a wedge that was formed between a crucial upward support line in red and the downward resistance trend line in green.
If BTC breaks above the green trend line and confirms the line as support, that would be an extremely bullish...
It makes already 4 months that bubble is imploding and we are now approaching an important zone for the trend of BTC in next months.
This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support...
i think it is very clear two important point can shape future price of BTC , cross over 10400 or go under 8000 , BTC can jump again or go very very down! but i think they are more bearish buyers than others...
DXY Dollar Index
DXY is testing critical supprt at 93.04 which must continue to
hold to avoid a further substantial fall to 92.74 at first, and
then, after a mild bounce back to 92.55-92.50 range.
Looking a little further out, the 92.50 level represents major
support for the medium term. Should this level fail to hold at
any point over the coming week it...
We are just entering important resistance zone. We will see what is going to happend.
We can expect to bounce to lower support zones and then expect second try to get above resistance. If price will get above resistance in first try, then we can expect bouncing to lower zones and then we can start with buyin (entering long positions)
This channel seems to be the current state of bitcoin's trend. The breakout of the past month was clearly too fast to hold, but now we are at levels where bitcoin is heavily supported. As weak hands sell, strong hands buy their coins. This where bitcoin consolidates and prepares for future possible new all-time highs.
Please donate if you like what I do!...
Observing the yuan shorting situation as it affects all markets especially bitcoin. It's possible that the current China Exchange ban FUD is a decoy for an even bigger factor which is at play. Bitcoin will follow the traditional markets which has been acting very weak as of the shorting ban.
Tomorrow is 9/11, lets see.
Good luck :)
