Decent bounce from original sell off, i don't like the lack of volume, bearish pattern and the rejection off 61.8 fib level.
Anticipating a move to the downside in the next few days but will wait for confirmation.
Green box is where I will be adding leveraged long with a stop loss under 9k. Furthermore, if we continue to downtrend and break under 9k it will get bloody but I believe we will get a lot of buying pressure in this zone and that bulls will take the lead.
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BTC is trading in tight range, if the triangle will be broken downwards it may quickly slide down to 6000, 4000 and 3000 areas. Rebound is limited to 7750-8000. All technical indicators are in a heavily oversold area but it's not the reason to open long positions yet. I still have some short orders on Bitseven margin trading platform and closely watching the market.
After short rebound last week we can see continuation of the downtrend. BTC is trading way below 200 MA and 50 MA, RSI is negative as well which indicates that the test of 6500-6000 is very possible.
Keep my "sell" limit orders on Bitseven leverage trading platform, some of them triggered already.
Time and time again we see whales crush over leveraged positions - today it is a combination of institutional investors and whales taking YOUR gambled money! We have seen these wide range trends since BitMex and it has only gotten worse as more leveraged trading exchanges are available globally. Don't lose your hard earned money GAMBLING in a market you do not...
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Great news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders.
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Hello fellow traders & friends,
most of you will already have recognized this symmetrical triangle with an APEX of the S2-D. It´s usually a structure, that does not give away much on a small
interval like this. Due to the fact we are edgy to see low 8k´s, I still would like to see this noticed. In the recent past, these patterns ended up in a fake out, leading...
Great news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders.
I focus on providing live education and support to those...
Great new! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. We should be live within days!
I focus on providing live...
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
