BTC/USD Short to Mid-Term Analysis on Exchange BitFinex
Actually BTC/USD 10315-10325
Weak Resistance at 10317 I think it'll will be reached today 12/02
Next Med-Strong Resistance at 10785 If not reached correction/retrace will be the next move If reached no more stop until 12K and likely retrace from 12K
So If retrace from 10785 i think short is bad idea, better...
All Signal Bullish
MA & EMA Bullish
MACD & RSI Show good signal too
If you can enter below 0.23, but its maybe too late but you still can find a good entry
Support near 0.22
1st Resistance at 0.235 about to be reached
Next one is 0.245 and is 1st target ,
2nd Target 0.26 and can go higher if market stay bullish
MA 55 Cross MA 144
EMA55 about to cross EMA 144
MACD & RSI Bullish
If we break resistance at $0.917 i think we can see $1 or more
but 1$ is hard psychological + EMA 233 at 1$
I think ill sell here
Stop/Loss at 0.88 and if we go to +1$ ill put trailing stop
EOS/USD EMA's Forming Bullish cross ?
We reached Resistance at 2.77.
after need to go above 2.94 but is a weak resistance
3.15 is the Main Resistance to reach for Bullish Trend
IF we arrive at this point Target 3.5-3.6 - Next Big resistance 3.76
Weak support at 2.55
Main Support 2.4 after weak support at 2.2 and if it broke we iwll surely see Bottom
I see the...
If we pass next Fib Resistance we go to the next one slightly above 8000
Or maybe wave C to the Fib level under If it Break not good sign. After that last hope for bullish trend is the trend line support and the Red line support just under. if they all breaks IMO we could go to last bottom before reversal
Just my Opinion no trade advice trade safely and use...
Related to my last idea. Watch Fib for resistance principally 0.618 and 0.236 , Technical resistance at 9500
Trend line act as very weak support
Fib 1 support too
And if Red Line support broke i think we can say good bye to this idea
I Use trailing Stop
Not financial advice, just my opinion
I expect to see a dump before 6K. 5650-5800 will be the top IMO (Bitfinex), Rising Wedge is a Big Bearish sign.
This will led to 4550 or maybe 42000.
I think 4200 would be healthier because if the Support hold maybe it'll be the new bottom and if it crash we are going to retest the Last Bottom and this will confirm it.
After that We are going to somewhere like...
If BTC continue on its launch Watch Volumes, Daily Macd & RSI and if levels are good we can expect breaking the wedge upward. for Entry its hard to find a good one i think because it can also reak by the down so play safe & use tight stop ! For or a more safe trade just short the Top
I Bet for the Red Line, and i think after the end of the red or green line it'll go down to retest the bottom
Don't trade this if you're not thinking the same as me, its not a trading advice just an idea
Low Support around 4700 ( Daily 200 EMA) , Good support at 4400 and 4200 if we break 4200 we go to retest bottom
Resistance around 6000
Don't hesitate to...