Bitcoin has grinded its way back to the 61.8% fib retracement of the fall from ATH to the recent lows of 5550. The 61.8% also happens to line up with previous support and the psychological level of 7000. Would not be surprised to see a move back down into 6000 and lower over the next few days. If 7000 does not hold to the upside 7200-7400 would be last bastion...
Bitcoin:BTCUSD It's made a break above the small parallel and run into the first line of profit takers and sellers and so far holding up above that frustrating old dynamic. If you've gone long on the break above the parallel please raise the stop to right under the old dynamic - say just under 6575 - for maybe break even if this gets slapped back hard again. So...
Bitcoin BTCUSD need to be carefulnow to watch htis isn't turning here by making a right shoulder off support at 6300... Earlier, it was noted that 6300 marks 20% from the top, standard text-book stuff. It's Ok to fall 21% intraday, but not fall more than this (19% to 21% is standard stuff, right?) - well, spookily, 21% off the top is 6240 - and the low so far is...
Bitcoin is near an historic point now, at 4436 USD. It beated 4422 USD (August 15) and, now, it's trying to beat the barier of 4484 USD. If it breaks now this barrier (4484 USD) the next resistance point will be the psychological barrier of 5000 USD.
Bitcoin BTCUSD Decision to make here for day traders and others if running a decent profit today Trying to hold up off a tiny line of support that once broken should lead to an acceleration to downside and help achive the minimum downside target at 6312....so tricky here with spreads...if short and day trading from th sell point at 6943 we should be oK, but...
Bitcoin moves in ascending trading channel.
Bitcoin update So far so good, but not out of woods yet. We're long from 7090 and with the low at 7064 stops under 7050 have not been hit yet. There's resistance overhead at 7200 up to the resistance line above it at 7220 now...likely to come back from here, so day traders cn unload some longs and perhaps get in lower againa t 7150 ...but when it breaks above...
Bitcoin Update Still grinding higher. Stops under 7430 have stil not been hit, with a low since at 7434. Now it's entered the area around the highs it's meeting that profit taking we were looking for from 7500 through to the highs at 7590, but absorbing all sales very well, so far... It's tracking within a new impulse wave from the break-out around 7pm est...
Bitcoin: BTCUSD Upload Limit keeps triggering so will try to cover next few hours here, not minutes, which is not exactly easy at best of times... So far so good: support at 7346-7350 has held up well and stops remain good, so far...It's likely to keep running into profit takers in the zone from 7500 up to the highs at 7590 so if you want to close out in...
Bitcoin may see lower levels after 5 wave drop from recent high. Can be just a correction still, but in three waves, therefore be aware of a more downside.
BITCOIN: BTCUSD This thing moves like lightning. Shifting shapes: Head and Shoulder Top Still don't think this has finished its rinse out yet. Evenn more worrying, after dealing with the failed reverse HandS this morning there looks like there's a massive head and shoulders TOP formation appearing on the chart...stay away for now unless short...it's still...
Bitcoin Update Don't want this to turn over here now before China opens but it could do without some buying power from 7460 level to hold it up and then propel it through to a new high. Want to protect gains by raising stop to just under 7450 on at least half the position, if not all, according to risk profile. Ideally it will trade sideways between high and...
Bitcoin Update The Shape this is Throwing So far, the parabolic shape Bitcoin is making remains very encouraging for the future. If it can now hold up today between the old high area at 7450 and the new parallel , now at 7425 between now and Tokyo and China opening we could see some spectacular gains...it just has to hold up now... Stops for day-traders...
Bitcoin:BTCUSD Ride It now and let's see where it takes us next... So far, so good...low at 7332 so no stops should have been hit with the cavalry arriving just in time...so now for Bitcoin's next trick...pin bars from thenew high show there's some serious profit taking going on and it should come back to the break-out level yawn, in text-book fashion again?...
#BitCoin Bubble #BTC #BTCUSD #BTCGBP
Bitcoin moves "to the moon", altcoins moves in opposite direction. It's logical when all focus on Bitcoin. What should we do with long positions on altcoin markets? There are at least 3 variants: the 1st variant - hold opened long positions and wait when money from Bitcoin moves back to altcoins. It will give new buy opportunities on good levels. We should wait...
Bitcoin (BTC) has been all the rage these last 9 months or so. Back in March 2017 BTC reached around the price of gold at around $1277. Personally, I didn't think that it could surpass one of the most coveted hard assets around. How wrong I was. BTC pulled back down to around $1000 in April. From there, BTC sky-rocketed up to its current price of $6,370 with...