There is an idea that BTC still needs to have a correction. We saw good manipulative pumps few holidays. We saw a good attempt to move BTC higher again. But now we see that small investor is still is not ready to pull the price higher. Not now. And it doesn't depend on good news. Just not enough minerals (LOL). You can buy or you can sell shortly, but in...
As we mentioned in previous idea, the head and shoulders pattern appeared. Good time to enter a short position. The target is above 34500-33500. Good luck!
BTC continue to move down as we expected previously. There is still no buyers to continue the uptrend. Nobody wants to buy high. Reasonable. So the idea is that BTC should correct till 34000 - 32000 soon. Technically, we can see a strong level at 37300 on 4H and 1D Fibo. Manage your short positions carefully. Always remember that forecast is nothing...
Finally BTC has bounced from 29278 and is close to the resistance level of 35000 - 36000. The movement was quite predictable, as we wrote it before. BTC continued to move in its "profit channel". This week BTC has touched the bottom at the end of the week and we can see a good speculating effect of holidays. But it is early for BTC to go higher. If this bottom...
This week BTC lokal price reached the high of 35500 and couldn't breake the downtrend line. This local high now looks more like a bounce from last deep. Today is the date of futures experations on CME. We think that this bounce was made specially for big capital to come out as profitable as possible. Scalper Season analytics have an idea that BTC sale is still...