BITSTAMP:BTCEUR
Head and Shoulder Pattern Detected.
Start of a Sequential BUY CountDown (Potential downside move) makes it weak
About TD Sequential indicator:
I see a lot of people very bullish on Bitcoin ATM, but in my opinion we still need a correction before continuing up.
If you look at the chart you can see a double top forming, bitcoin might go back down to around 5600 Euros.
Often we get stuck looking at gold' or other global commodities in US' Dollars, but this does not always provide insight as to what is actually happening. Bitcoin' has changed the way we view money. The average Joe now has a way to hedge his prevailing currency. He can purchase Bitcoin' with his native currency on Exchange A' and can sell Bitcoin for USD' on...
My current thoughts for BTC . We are at a major resistance. After the stop hunt I expect it to drop damatically and bounce off our last support area (Golden Pocket Zone).
It is evident to most that the bitcoin bull cycle has started. Begin February a clear uptrend started and has been going on for two and a half months now.
I have been reading assorted analyses that “foresee” a collapse of Bitcoin. Especially these by the MagicPoopCannon author, here. On the 1st of April he has diagnosed a "Doji Star", an indication that a...
I belive that when it will hit the blue line . It will go down, slowly
It will slowly going down until it hits the yellow ring.
If it manages to hit the cross lines between yellow and white. Definitely will drop much harder .
We will enter a last bear market until June it's over.
This is only my opinion and you are free to decide what to do with your money and...
When looking at the current state of BTC, we can clearly say that we are about to enter the Bull Market. Over the past 2 month BTC has shown great gains rising +69% since the 6th, February. And right now it has reached its "Bull Market Gate-keeper" the (4996 Eur - 5325 Euro) Resistance Level.
In my opinion, the price will retrace to (4153 Eur) Support Level,...
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