BTFD! - Entering a long position 10x margin, on the 61.8% Fib level. Tight stops are set below $8100 levels. High risk to reward ratio and a highly contrarian trade so beware and definitely use stops. Possible take profit targets are 8600 and 8800 levels. Mt.Gox trustee sell off and general FUD over crypto-regulation is affecting the sentiment as bitcoin reaches...
BTC is drifting under an enormous downtrend channel. After trying many times to break above $9000, BTC is trading lower in the last 24h.
We can see a huge bullish divergence on the MACD and the divergence implies that a bottom could be forming around here even if the overall formations are still bearish. Volumes are continuing to drop which is normal during a...
Placing long positions above $12K support level. Fib analysis suggests that the next profit target lies around $22,000 levels. The correction was an expected event due to the extended rally of bitcoin and another upwards movement is expected.
Entered long after a correction, bounce of fibonacci levels, and a MACD cross on the M30. Alternatively stops can be placed above $46.5 levels for a stronger confirmation. Profit target at $60 levels and stops below $40. Good Risk/Reward ratio 3:1.
IOTA has experienced an exponential growth over the last 72 hours based on news regarding a partnership with Microsoft. As BTC is gaining ground, RSI shows overbought market conditions. Exited the market and placed a Buy Limit at 0.0003 BTC - above 50% Fib retracement levels. On the upside a break above 0.00041 BTC could lead to an extension to 0.00051 BTC levels.
Bitcoin was poised for a correction after an extended rally and all time high. FUD from China appeared at the right moment to spark some profit taking. BTC bounced at 38.2% retracement of its recent rally. Possible take profit targets at 12600 - 12700 levels for a short term trade.
On October 25th, the Bitcoin blockchain is set to hard fork and create a new cryptocurrency called Bitcoin Gold (BTG). Existing private keys holding a Bitcoin balance at that time will be credited with the same amount of Bitcoin Gold on November 1st, similar to how they received Bitcoin Cash at the beginning of August. Awaiting further instructions and updates...
bitcoin market consolidating around 4650 levels, possible short term correction to 4450 levels. Long positions closed and buy limits in place. Alternatively, a breakout of 4700 could lead to 5000 previous highs.
XRPBTC broke the bearish trendline and is retesting support around 0.78% Fib Levels. Entering long with a stop below 0.78%, low risk/return ratio. SL: Below 0.000043. TP: 0.000070. RSI and MACD confirmation of oversold market.