So, it chose to semi-moon and seems to be set for some cooling down here after this double top. Those are the targets to consider a reasonable re-entry to ride the next wave up to 0.0195 - 0.0200 area. Obviously, 0.01000 provides strong support from now on. However, a dump further down cannot be dismissed entirely. Trying to get filled buys at both levels might be...
Break down 2435CNY (BTCChina) IF you really want duhm. Interesting times ahead in any case... Happy Trading!
I've had enough beers this morning to be sure of this plan. Trade well and enjoy the profits of your hard luck, gentlemen. Reward yourself with a cold one when you hit your TP with this move. Have a nice day.
After touching the 1D top of the Bollinger Band @ $463 following the crash of several currencies and stock markets worldwide, Bitcoin entered sideways/consolidation between $463 - 440. I expect Bitcoin to retest the support at 442-436. So if you missed the initial break out, make sure you buy in this area. Your stop loss will be at $422 in case Bitcoin fails for...
Messy(!). Baised. Bullusional(?) Seems like Bitcoin arrived at a big decision point here which might determine the direction for the next weeks - if not MONTHS - to come. MUHN NAOW, or duhm later. IMO. Very interesting in any case... Desired TARGET: 4025CNY+ With regards to the downside a proper dump to at least low 2400s must be expected. Happy Tarding!
Hello Bitcoin has failed to break free of the downward channel that has held bitcoin captive for almost a year and a half. Yet again the resistance proved too strong, As the linear uptrend line was violently peirced in January I doubt that it will save us by serving as support. I think the price will bounce along the linear uptrend line around the 230s for a...
Child, mamma always used to say, "They don't take no dollas on the moon!" Buy 'em up!
LONG - We're at a strong support level and at the bottom of the consolidation. There's a good possibility we bounce here, which could make for a nice short term long. Levels of resistence are shown. A break above 218 would be more confirmation for long. SHORT - A break below 215 could get ugly seeing how volume has been high throughout this cycle.
We've hit daily support at the breakout zone in a very oversold market. If we see more bear action, it most likely won't be until later. I've outlined important daily support and resistance levels on the chart, and the next stop appears to be a retest of $252 where the market broke to the downside with huge red candles on very little volume compared to the...
Its obvious how this have all been planned all along, together with possible insider trading. (coinbase) Having the first US 'regulated' exchange will not instantly bring us to the moon. Its all hype and speculation to lead people into believing that fresh money will pump it. So much for Coinbase having a teaser site ( coinbase.com ) Learn from the lesson and...
Right now, the market is sandwiched between two vital levels of support and resistance. If it breaks down, that confirms a move to the $220s. If it breaks up, then we can expect to see a little bit of consolidation in this are followed by a steady move toward $400. Both scenarios are plausible at this point, but I wouldn't underestimate the bulls at this...
As I've said before, we've been in descending wedge consolidation pattern for over a year now. Naturally, things are quite choppy and indecisive toward the end of this consolidation, but the important point is that all available info says we are close to a bullish breakout. Some reasons why are posted on the chart. First of all, the descending wedge, which we...
This is the kind of "slow uptrend" we get when the market is preparing to break out of of a long term downtrend. Price isn't moving very fast, but that's a good thing. The volume tells me that the market is done with its downward consolidation for now. The market is gaining momentum, as it has broken 2 of the intermediate term downtrend lines, a sign that...
I see us close to finishing a B wave (which looks like it was a double zig zag) from a larger ABC zig zag up to reach the top of a even larger Wedge. Here are my ideas of where I see us on a larger timeframe: If A=C, we could have a possible high of around 460/470, but I would rather wait to see how the waves (within this C) reveal themselves to get a more...
Using the lunar cycles, the ebb and flow of market sentiment... we can use this to plot bitcoins oscillations. Funnily enough when mercury went into retrograde, price hit the bottom, we now have super tight Bollinger bands and mercury about to move into direct, could this signal a down turn ? Maybe, but also maybe not. If the down moon and mercury...