I have entered a position when price broke the symmetrical triangle.
Many people are expecting the price went bottom and now the bull trend is heading.
My personal view, I do not think so.
We have to think carefully that this is just a bouncing moment that still we are in the middle of the bear market.
My final target will be btw 4300-4600.
After that, I will...
I strongly think we are still in bearish.
I would never ever think the current situation is bottom. I would wait more and see the market move.
I will update if I change my mind.
Currently I am holding 0 bitcoins. (ZERO)
p.s. my personal target is around 1200-1500
Bitcoin shows falling wedge pattern.
Falling Wedge is usually bullish.
I still believe current market is still in bearish but for the short term we may see price bounce to the upside.
I have entered price at around $3380.
a) My first target will be at around $4110.
b) My maximum target would be $4700.
Reasonable target would be between $3380- $4110. (depends on...
I clearly have three reason Bitcoin will be bear market.
1) The price has broken pitch fork's final Support. It could be over sold due to RSI but we must aware that the trend has broken and shifted to bear market. We may see bounce and turn into bull market but I highly doubt that.
2) From Bottom price during 2015 to recent ATH, the price failed to hold 0.786...
Could potential hit mid support.
Price trend seems breaking resistance of trend line but lost momentum and turned into bear market.
It is because BTCUSD has dropped significant. Since market is in fear, price may fall into more bearish for few days.
The bear trend has been broken.
However since the price is going sideways, it needs to be cautious.
Reasonable target would be between $10.00 - $14.00.
Aggressive target would be $21.00
I highly doubt that price could go over $22.00. (it is always possible but I do not see this could happen in high percentage chance)
The support line is $3.10, and if price...
potential price may rise.
In short term, symmetrical triangle form has complete. Maximum target will be $155.00 ~ $165.00.
If price falls below 116.00, price may turns into bear market. Risk management is the key.
Clearly Celltrion chart is forming rising wedge period. As long as the price is in the trend line the trend is in bullish. But between 50%-70% area is the key that market may shift to other direction.
If price bounce at support line with high volume, price would like to go 370000 won. Probably price will have difficult time breaking ATH within short amount of...
Gold has been bearish since 2010. From 2016 Gold slowly picking up. Current market clearly shows the market is in rising ascending triangle pattern. Also price may follow pitchfork trend line.
Overall Gold market may look like bear market but I personally think it is continuation of bull market. once we have clear break out of ascending triangle, we may see...
EMART is really popular in Korea. You can think of EMART is Korean Style of Walmart.
There are always demand of EMART in Korea but chart is not looking very bullish. If Head and Shoulder pattern is confirmed; which price break below the support line, price may touch support of trend line (1300000 - 160000 won).
For long term the market will have hard time breaking ATH.
Samsung entered the bear trend.
There is not much to say. Today's Korean news reported few positive news about Samsung's revenue. Especially QLED and DDR RAM sales increased tremendously. However the chart clearly shows the market is in middle of bear market.
It is best to wait during consolidation period and looking forward to break resistance or support of...