Once again One will probably hit the buying zone 102 -106 Sats and can easily give a profit of 15%
Also can make Triple Bottom
would place a bid between 105-110 Sats
Sell around 130 Sats
Midterm position (watch out for Bitcoin price movement)
Note- This is only for Educational Purpose this is not Investment advice.
Technicals only I didn't check or research this coin.
It is weekly chart so the action can take some time but only based on what I see pair is in the interesting moment. I marked with arrows triple bottom which is nicely respected by market. Triple bottom merged with lowest lows from the end of year 2015. It is not certain to me if the pair will bounce and will...
CLV2018 is seemingly in an attractive buy area and demand is flowing in around this triple bottom after a hard selloff earlier. A break lower would result in a swing break and have long lasting effect on this pair. There's a Wyckoff's spring bar on the 4H that is almost complete. Signs of bullishness picking up are evident. Buying current area with stops below the...
We had bearish patterns
1.Falling wedge Dec2017-April2018
2. Channel Down May2018-Jully2018
Both bearish movement are part of bubble pattern phase (Almost 7Months)
Wonderful news is this bubble pattern is finished after touching $5835 and performed triple bottom pattern .
So 100% bullish wave BTC need to break out 7804 as bullish confirmation line and if...
Here is an update on BTC based on current downtrend and falling wedge patterns.
We can observe that the angle of each falling wedge (correction phases) is smoother and smoother which highlights that the bear cycle is closing to an end.
However BTC even with this triple bottom, can breakout downward this descending triangle to test $6,000 or...
As soon as BTC goes up above the top of the triangle the trend reversal is confirmed and the bull run resulted from the tripple bottom may be spectacular!
A low volume trend reversal follows the tripple bottom then later the volume will be higher as fomo begins, so most of traders will be left out waiting to buy lower and ending buying much higher creating an...
Could we see a triple bottom soon? Why not? BTC has been at the mid 6000's level twice this year (Feb and April) and before that was mid November 2017. Since mid December 2017 the overall trend has been bearish and could this be an indication of trend reversal?. Are we about to test the mid 6000 support again after 2 months? It does appear we are heading toward...
In front of you are 2 possible ways, how the next 2 to 3 motnths could play out. If we manage to break 9k again in the coming days i see following 2 scenarios that are likely to happen (based on past years of btc, 2013, 2014):
scenario A: we manage to break 9k again and hold it. This would be needed to build a new RSI floor level at 42-43 and gain strength to...
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In this analysis we will focus on technical analysis solely.
For deeper understanding why we won't go below 5800$ look at...
as averyone wonders how low BTC can actually possibly fall we tried do answer this question.
It is not easy task. We have to get back to the basics.
Why is it even possible to have a BTC, to make any transaction with BTC....? Have you ever thought about it?
We don't mean mobile phone, public address, private key, exchanges and so on.
There are whole...