Ive had the luxury of being away on vacation and having had time to think about this and concluded that this is hugely complex in its analysis. This analysis is with reference to my very long term trend analysis tagged.
I will state that im not a coder or BC expert but have a thorough understanding of economics so please excuse any BC misunderstanding in the...
This is actually a 15 days old but I was unable to post it here so I posted it to Here are some interesting R & S levels for #XBTEUR
After 15 days, those levels are still in play and as important as ever. As of now, 4784.6 level is something worth mentioning.
Added EMA's using...
Fractals can be misleading, we see many of them from both bulls and bears. Trusting a fractal is always tricky, but this here sure looks like the best weekly BTC fractal in a while.
1. BTC breaks the downtrend line with a rally to the 50MA
2. Price reverses at the 50MA and goes down to retest the downtrend line
3. The downtrend line now acts as a support, we make...
This is my very first TA based on DatTongs TA, which I found within the nice group of Tradunity. Please remember: I'm a newbie and this is a learning TA, which I want to make public, so I can get some input from the community.
Pair: XBTEUR @ kraken.com
Long Profit Target: 3766.6 €
Stop Loss: 3399.1 € (This will updated every...
Slow and Steady BTC so Altcoins can go WILD! Bitcoin is starting to turn bullish on the weekly which could indicate a major trend change + we have the 200sma weekly support helping the price. I'm looking for a nice a steady continuation.
Anyhow be aware of those nasty overnight drops
Let's be honest... I have no idea what I am doing.
With that said, I think we'll soon be retesting 2800. There's a good chance we'll see support there. If not, 2200 is also a possibility.
Play it safe, kids! Always use protection (pronounced as "stops").
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As BTC continues squeeze, many like myself are stuck wondering when the next move will happen.
Looking at the daily chart of Bitcoin on log scale, you will notice that it is inching its way closer to the long term trendline. It appears that if the price remains stable, within the next day or two we will come into contact.
Once contact is made, I believe a large...
A symmetrical triangle has been formed in which the lows are higher and the highs are lower. This means the bull and bear power is equal. This will be a very dangerous zone.
I am selling when the support is broken and buying when the resistance is broken.