ETHUSD has broken daily MA20 downwards. It is also overbought on the hourly chart. Bollinger Bands is narrow and stoch RSI is overbought and it is below hourly MA20. I expect price decline.
Here is my Bitmex trading idea:
Short @ 233.50-233
Bitcoin gave a red 2 according to Tom Demark count on the daily chart and stoch RSI is overbought. This is a clear sell signal. Also it failed to break above 9300 which shows weakness. I expect 8900 to be tested again and this time it will be broken.
Bitcoin has closed a red 2 on the daily chart. Which is a clear sell signal according Tom Demark count. Stoch RSI turned bearish. There is selling pressure and it failed to break 9800 area. And it has broken the ascending channel to the downside.
If 8900 breaks we can expect 8200 and 7000 respectively.
Ethereum is oversold on the daily chart and has broken the daily MA20. Monthly chart is on green 3 and has a plenty of room for upside movement.
Upcoming Ethereum 2.0 is driving the price. I expect the price to reach 286 USD in a few weeks if not days.
Bitcoin has hit the low end of the ascending triangle and found support there. Tom Demark count has closed the week with a green 1. It is also a doji candle. Which is very bullish in this case. If it was a red 2 we would be expecting price decline.
Stoch RSI is oversold on the daily and hourly timeframes. I am expecting a price increase starting from now. I...
NDX and SPX indexes are extremely overbought. Stock prices are rising much more than general economic growth. Especially this year this has become extreme. Because of the Corona virus many businesses are shut down. Unemployment rates are sky rocketing. Tourism and aviation sectors are practically dead. But stock prices are still rising. We have seen the same at...
Bitcoin has counted green 9 on according to Tom Demark count on the weekly chart. Stoch RSI is overbought on the weekly chart as well.
I expect the price decline to continue. There is a potential till 8900.
Bitcoin has counted red 9 on the weekly chart and it is overbought. Stoch RSI is at sell level on the daily chart. 4 hour is overbought. There is a massive head and shoulders on the 4H chart. There is also a descending triangle.
I expect price decline.
Here is my trading idea:
Short @ 9800-9770 TP1: 9686 TP2: 9580 TP3: 9430 TP4: 9260 SL: 10060
Bitcoin has closed the month a with green 2 according to Tom Demark count. Stoch RSI is also very bullish. This is a long term bull trend signal and it means up trend can continue up to 7 more months.
I expect we will reach at least 14k in the upcoming months.
Ethereum has broken a major resistance at 218. There is not much resistance and I expect the rally to continue till at least 245.
Stoch RSI has plenty room on the daily chart and Tom Demark count it at green 4 whicj means up to 5 more days of uptrend.
Bitcoin has given green 2 on the monthly chart according to Tom Demark count. This is a clear long term buy signal.
I expect the price first reach to 10k, then 10.6k and eventually 11k+
Prepare for high volatility and avoide high leverage trades.
Bitcoin has an inverse head and shoulders formation on the 4H chart. The depth between neckline and head is 600 dollars. Stoch RSI is oversold on the daily chart. I expect a breakout.
Here is my trading idea:
Long @ 7000 - 7100