Bitcoin is falling within a pattern that suggests a rise is coming soon, which in my opinion will probably be just a dead cat bounce before a continued correction. But for the moment we are close to the support of this pattern, that could be a wonderful entry for a short-term long position (if we actually reach the support line), seeing how this pattern is pretty...
The pattern is not confirmed yet, however, I've decided to take a long entry on the price way up to point D, by this moment everything seems to be fine.
> Here are some important points:
- Market Main Trend: Downtrend
- Market Current Condition: 4Hrs Chart is making a correction.
- RSI and Stochastic Oscillator: 4 Hrs Chart are pointing up.
After testing the support level around the area 0.02054224, DASH created an ascending channel and now it's on the way to test resistance level, considering the price action and the oscillators, this might be a good place to go long.
Since Bitcoin has been bouncing in the most support level it is a buyers area, we are expecting to see it going up again. Based on the strong rejection, candlestick formation, and the support level, here is our trade idea!
Around 24 hours ago Bitcoin's price re-test the support at level 4900 and it worked, now it appears that uptrend is back and we will be expecting to test the resistance level 5200.
During this process there is a great opportunity to go long, here is our trade idea, do you guys think it gets to the resistance level?
There is minor resistance at 5355, however, there is minor support too at level 5215 which is supporting the most and biggest bullish swing. Would this support be able to stop the price correction this coin is doing?
If we are right, the price won't be able to penetrate Fibo level 0.38 and it will bounce directly to level 0 which is located a few...
After using as a support the lower trend line of the current channel, both price action and candlesticks are pointing to an uptrend continuation for Bitcoin.
Here you have our trade idea; do you think BTC keeps its way up?
Since March 19 Litecoin has been bouncing up and down in this support without breaking it and today it seems that we won't see any exception on this.
Candlesticks and oscillators are points positive to this, which let us a forecast for a Long Entry today. Please note the trade idea won't be effective if the price does not reach the entry point...
The last time DASH touch the resistance level 0.0241603 was back on March 13, 2019, today price action and chart seems to indicate that it will give it a try one more time taking advantage of the flag pattern you can see in 1D Chart
After steep decline of AUD caused by US China trade wars...so they say ;-) AUD against CAD is once again in its comfortable place founding some support on levels around 0.96. I am going long on this one for some time since these emotional moves are quick and killing but that long lasting.
Looks like a good time to pullback, maybe get a 6.9-7.1k Long entry if you're bullish, or to see it as a "rejection" if you're bearish. This has been the strongest 've seen BTC in awhile, but it's good to be cautious and not get caught up in the bull sentiment when grinding a long term resistance trendline. The Trendlines, Tenkin line, multiple MFI bear divs on...
An idea: Many times when there is a mass agreement being spoken about by everyone on an exact top or bottom (in this case we're all predicting 7800 for a strong bounce on a 618 fib level), market makers will surprise us by either pushing price below it or bouncing early. The 8000 level is at the bottom of a falling wedge and directly on a 10-month-old support line...
Looking to be near the bottom of the bear channel where it crosses the old bull channel and 5th wave - looking for reversal soon back to bull movement. Will be breaking entry orders down until reversal
Bitcoin has reached the upper side of its broader range, which is a slightly upwards pointing trend channel.
At 12200 there was also a resistance level and the upper trend line of a steeper trend channel.
Is this a reason to short at 12.200? I would say yes, but only for very experienced and aggressive traders (with tight stop).
Another reason this level was a...