Last week was some rest and consolidation for the bulls and now it's time to get some action and move higher. I'm watching the market and set some "buy" orders on Bitseven margin trading platfrom. I expect a movement to 9k and higher.
My analysis tells me that the trend is strongly bulllish which confirmed by quickly bought dips, higher highs and higher lows, technical indicators tell the same thing. Any BTC movement is impossible without some pullback or retracement. I've been bullish on BTC and set my additional "Buy" orders with highest possible leverage on Bitseven, the fastest and simple...
As BTC was topping 9500 yesterday the further upwards movement needs some corrective pullback, all pullbacks have been rather weak and short-lived so it's a sign of strong bullish trend. I'm bullish and prefer "Buy' orders on every dip until the trend is broken.IMO we should see 9600-9800 area soon.
Yesterday we observed a significant upside movement of BTC, the indicators are turning upside as well but the volume is still not so impressive. I made some profit with my X100 leverage orders on Bitseven platform on this movement yesterday, keep some "Sell" limit orders for a pullback where I'll start buying for continuation of the upside move.
Even though BTC is trying to develop upside reversal movement it still doesn't look very convincing until it broke and hold 8k+ zone. Right now it just looks like a correction to the upper edge of the descending channel.
I prefer to put scalp "Sell" leverage orders on Bitseven trading platform on high wicks and grab my money fast :)
BTC is still trading in the downtrend on weekly timeframe with some weak rebounds. All indicators point on continuation of the downtrend but it's still above 7000 so we can not exclude the possibility of bulls' counter attack to 7500-7700 zone which could be a good oppportunity to open short positions. I'm still selling(scalping sometimes) BTC on every rebound on...
We can clearly see that LTC keeps moving in downside trend and the next possible support areas are 40 and 30 where it may trade sideways for a while.
I'm short on LTC at this moment and my short leverage order set on Bitseven platform.
On higher timeframes we can observe a "diamond formation" which suggests continuation of deeper down movement if 8000-7900 and 7400 areas don't hold support.
Keep my short leveraged position on Bitseven platform.