Hi, friends. Almost everyday I look at the analytics and noticed that a lot of analysts are predicting some strange bitcoin figures: 20 000, 30 000, 50 000, 100 000. This is both funny and weird. Land on, guys. No one even knows where and when Bitcoin will go out of the balance. We need to build strategy on the facts. Price reaction and volume show these facts....
A new balance was formed with the range 1.70-1.91 While the price is inside the balance, it is necessary to trade only from the borders. At the moment the price is at the bottom of the balance. We expect a rebound from this area with a target on other side of the balance - 1.90-1.91. But, if the price will breakdown 1.70 we will see a price fall to 1.6035. In...
How important is volume on the Bitcoin chart when price is inside a range? I hope all of you know. Candlestick patterns and volume give good insights on what price is doing inside a box like the one we had since the final stages of last month. Looking at the last swing lows there is a high probability of a long swing position for the mother of Coins. Every...
There some demand that show potential short bullish trend. Wait price move around demand area, if there any confirmation signal, go take long position.
On the background, there is some weakness that bounce at resistance supply area, its good to take short position at supply area.
Last 2 impulses was down, it's bear priority. Also last balance goes down. At the moment we do not see an increase in volume and reaction in the opposite direction, which means that with a high probability the price will continue to decrease. The next support level - 1.6034 The situation on BCDBTC is similar.
In Background at supply area there is some buy climax and no demand, then some supply is going in, is there some opportunity to go short again? But if price could move sudden and close above supply area, there is a high change that the downtrend is end, and start the uptrend prices.
There is some opportunity to go short at supply area, there is uphturst canddle at H4, wait for the change to go short at 15m or 5m timeframe.
There is no supply show at the background, maybe price still going up. Wait for rebound at fibo 38.2-61.2. Wait for price action then go for long. Always use good MM
There is some selling pressure at the backgroud, best is waiting price go rebound at suppply area then wait for price action. Then go for short.
There is some supply, and no demand that going in, best trade option is wait price at supply area, wait for confirm signal then go short. Use good MM
No selling pressure, maybe still going up and search the best price too go short. So best option is waiting at demand area, at fibo 38.2 - 50. When there is confirm price action, go for long.
BCDBTC shows bull priority. BitcoinDiamond is stronger then Bitcoin for this moment. The situation is similar to BCDUSDT: last 2 impulses - UP, last balance goes UP. At the moment we are watching the formation of the new potencial balance with the range 0333-0364. With a high probability the price can test the POC level of the previous balance - 0324. But Iif this...
BitcoinDiamond - very strong coin at the moment. The coin did not react to the market drop last week. In addition, it grew in price. A few minutes ago the price BCDUSD made a new impulse up and showed a retest at the level 2.10. So now we have a new potencial balance with the range 2.10-2.291. If this balance goes up, new target will be resistance area...
On Demand Area, there is no selling pressure, and the buyer start to add their trade. If price could break the down-trendline on H4, then the target 1 and 2 should be reached. The ideal area to go long is at the demand area. Trade with good money management, use good risk and reward ratio, ex : 1:1.5.
Its look like the price might be still going down.. best area to go short is at supply area. Always watch the price movement and wait for signal. (price action, break minor uptrendline at lower timeframe, or canddlestick pattern). Look for early entry point at lower timeframe. Always use good MM. ex: minimum risk reward ratio = 1:1.5
Hi, friends. The price is in the balance with the range 604-660. As long as the price is in the balance, we trade only from it borders. Otherwise, the stop loss will be your friend. If this balance goes up, with a high probability the price will breakout 700. First target - 710.8. If this balance goes down the price will fall to the support levels 575. This level...
The price trend show that it will be going up, but the best option to buy still at the 50 to 61.8 fibo retractment point. On the price volume show that the buy is at climax point, and some supply show some selling pressure at supply area. The best option now is to go short and take profit at range 50 to 61.8 fibo. Use good MM at least Risk ratio is 1:1.5.