So as i mentioned last time, according to Fibonacci we touched the base of last uptrend.
Im sharing what i have right now, and what i believe are more reasons to enter long position. It is going to try to break support level again for sure so be prepare if you enter now, dont panic, or prepare an strategy like fibonacci buy orders sequence as i...
Ideally, I would open a big fat long from 6600 euros, with a tight stop-loss, but the possibility of a morning start formation - depends on 20th November, daily candle -, I might open a small long here with stop loss below 6300 as I see a potential small relief bounce here.
This is the continuation of previous posts:
As you see, we have reached points i already established for downtrend. It is true that according to fibonacci should go all the way down to the base. I do not discard the possibility since there is a lot of selling movement but...
I just wanted to give you a little update on XBTEUR.
I already made a post about this at the beginning of month, and so far its doing as expected.
You may see the original post over here:
And just for better interpretation, here is the update in different...
I'm basing my analysis on Fractals Expanded as usual, or algorithms used on bots, or cycles.. At this point, i found it more clear to see where we are standing up right now. Is just a theory so again, is not investment advice.
I have marked in red arrow to reference points. Right now we are at the first Arrow position according to my studies, Fibonacci...
After the bull run started the october 24, we are in a correction zone waiting for some good news that boots the price to higher levels. Let's take a look to the chart with the help of Ichimoku Cloud and Elliot Wave count to locate the important support-resistant levels and signals.
Now, we are waiting for the bull break out of the falling trend lines for several...
Regardless of what some traders believe there is a deathcross coming in BTCUSD chart. We need to keep in mind two things
1. Moving average are slow and lagging.
2. The render in trading view show them crossing but in another chart they are not
Has you see, inverse head and shoulder as usual makes the head and shoulder as a result. Expect a drop price.
I did not wanted to put the target but you could measure the candle of head. Take as reference the volume to identify it.
It's hard too see it on candles because of the volatility of Crypto but i hope this would give you reference in future on how to...
So, Clearly there's an Head & Shoulder formation at this point, RSI and all indicators tells that's a probably good time to open short position.
1. 6690 Eur - Probably bounce to 6720 or not.
2. 6670 Eur - Probably bounce to 6720 this is more likely in personal opinion.
3. 6620 Eur - More probabilities to bounce and try to go back again to...
Bitcoin is currently hanging around a resistance trendline.
I think it will struggle to hold above it.
If it breaks the resistance it will get stopped at around 7660EUR.
If it breaks the 7660EUR target it is not yet in a new bullish run.
As seen on the 1D chart and 3D chart there's a much stronger resistance trendline waiting to get tested.
There's a nice...