I hope this breaks to the up side, but ready to short a break downward.
a small short will do me nice
Ciao Traders, As highlighted in the chart bitcoin is in a triangle formation which is a continuation pattern of the downhill seen yesterday, but coution and stop loss is a must since bitcoin has often proven of not caring about chart patterns. On a larger scale H&S formation which is bearish as well. I would short about 7400/7500 USD with a tight stop loss...
There are 2 targets. The third I consider it extreme and I wouldn't count for it, but who knows. Those two targets should be a nice spot to accumulate BTC. There will be a reaction on the first and eventually on the second target(if it gets to the second target), so you can trail your position and lose nothing. Disclamer: Not a financial advice.
this is a very possible scenario if BTC keep holding up and down sideways. BTC DOUBLE BOTTOM Scenario will play out
On this chart you can see the mirror quotes of BTC and TUSD ( BTC - yellow thick line, TUSD - blue thin line). On the smaller time-frames - there is a clearly visible rising wedge on TUSD, which tells us about an upward movement for bitcoin near time. Various oscillators shows the same way, on the other hand - MACD on BTC shows strong bullish convergense. So...
Given the negative correlation it has to BTC, TUSD will continue to be doing great as long as BTC is falling.
If TUSd stays below its trend line, it will be a great win for BTC.
I think that USDT will go down and BTC will go UP.
TUSD is the bitcoin inverse chart on low time frames. It can still double top or have a failed new high but focusing on the boxes. pic in commnets
1hr Bullish on RSI, MACD , BB TF 0.00029000 to 0.00032000 Went in @ 0.00026900 Let me know what you guys think about this. :)
The bearish divergence on the TUSD/BTC chart means the bears appear to be running out of gas. People are going to start leaving TUSD/Tether and start moving back into the market.
Analysis in the chart! Good luck all you guys!
September, 6th 2018 Hello After flash dumps so fast that the market has not changed hands, let's look back at the trend of Bitcoin by analyzing one of the most important Altcoin in the market is TUSD (Previously USDT) As you know, TUSD always tends to go against Bitcoin, so the TUSD analysis is similar to BTC analysis. Currently TUSD is entering the...