If you wish to become the next internet meme on YouTube, then now is the time to buy/sell. And please, do it all in, it'll be funnier. Otherwise, don't let your emotions decide the amount of money they're worth you losing. In other words - focus, observe, remember. The history almost ALWAYS repeats itself. And most never learn it, even the hard way.
so here is the thing. we are right at where our weekly pivot point it coming it. its possible btc plays out down or up before thie daily/weekly close then either way reverts back to that purple line. I think corretions is just some time away. if you wanted to long try to do it on developing camarilla L3 for daily or weekly around close. If you want short do the...
Looking at any other Instrument, it is easy to guess that
it has reached a TOP VALUE by the time being
BUT, (yes I know we shouldn't say BUT or "Should")
This is cryptocurrency world .
A sort of magic land. Anything can happen. ....
.....in a meaningful way.
The next move will give us a clue or two...
Currently in the one hour chart bitcoin has a bullish flag but showing a bearish divergency in the RSI and MACD.
If BTC breaks the 9900 next target will be in the 10500.
Actuamente en el gráfico de una hora BTC muestra un banderín alcista pero presenta una divergencia bajista en RSI y MACD.
Si BTC rompe los 9900 el siguiente objetivo está en los 10500.
rejected. HARD. expect more pain. they want YOUR bitcoins. will you let them have them? Bitoin is not going to zero, the guys that have the most interest in saying so do. Long term trade 5 - 10 years, don't worry about it. in the meantime for short term trades i am waiting to see.
USDJPY is giving us some mixed messages on different time frames. For sure some people are gonna win and lose money by taking a position. I'm keeping my powder dry just for now. Later tonight (UK time), I'll see what the latest picture is like. I'm focusing on the 2H time frame for a hit.
At the moment undecided with this pair don't know where this pair will break: so I'm leaving this pair and looking at others : once we see a clear break I will let the market come to me and then I can decide what the best strategy to use is
Happy trading Kris
This wedge indicates an undecided market..... a battle of the bears and bulls. the higher the longs grow the more likely we are to dump. the higher the shorts the more likely we go up. Sentiment for most traders is cautiously bullish.
Latest news - Tim Draper story on bitcoin to 250k, Barklays opens trading desk. More likely we go down on this news.
I have no open trade right now. I stay at the sideline. The price of Bitcoin still has no direction. While I expected after breaking the 10128 support level two days ago that the down movement will get more momentum, the opposite was true. Will BTCUSD follow the blue curve? Will there be an outbreak on the upper side of the channel in a few days?
Bitcoin in an undecision area.
The direction bitcoin is taking will be known when RSI breaks its triangle.
Very short term neutral (next hours)
Medium term bearish (next weeks)
Long term bullish (next months / years)
The battle between bulls and bears on this crucial level is still going on. Stocks are losing value, currencies are dropping, cryptocurrencies are falling and even at the outside of my home, the temperatures are sinking. It is very cold this morning: -8°C! Brrrrr.
At least, Bitcoin crossed that important brown dashed bearish trendline yesterday and it fluctuates...
Pivot point is at 8596. Below the Pivot point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot point means an undecided scenario and a sideways movement.
The price of Bitcoin has no direction right now. Already for the whole day, it is fluctuating around support S1 level. I expect this to continue for a while. Maybe in the evening that...
Pivot point is at 8459. Below this point, there is a bearish scenario, above a bullish one.
In the green circle, there is a strong trend reversal pattern. However, it only caused a small upmove. This means that the bear trend is still effective.
At 7567 and 7540, there are strong support levels. A break of these levels would open the way down to 5511.
Pivot point: 11489
As long as the Pivot point is a support, the overall scenario is bullish.
If the Pivot point becomes a resistance, the scenario changes to bearish.
Close around the Pivot point, there is an undecided scenario with a sideward trend.
Resistaces R1 and R2 and supports S1 and S2 are close together. Therefore, we expect a slow upmove with narrow...