We are getting down to the money end of the business and I'm feeling like we may see more downside. It's nothing more than a gut feeling, this thing could really go eithe way.
A possibility is that we could see a throwover were the price breaks resistance then falls back below. Of course the resistance support flip could hold, BTC gets a bounce off the newly...
Cake is another looking primed to hit 3 figures in coming weeks after making a higher low.
We could see it bounce around this $9.30 - $14.60 ranger for a few days, a close below $7.90 would indicate more downside.
Are we about to see the biggest explosion in Bitcoins short history? Well the stars are aligning nicely on the daily chart.
We can see BTC bouncing off the 200 SMA making a higher low from the platform laid late Jan. The RSI is in over sold territory as is the MACD, in fact the MACD is at levels we have never seen before.
Don't be surprised if we see another...
The .618 fib is a level I am watch closely, you will see it has retraced to this level a number of times already during this rally. Bitcoin loves the .618 level!
It then climbed back up, trading in the $6.5-6.8 range for 4 days before breaking down again and it's once again looking to the .618 level.
I expect we may see a possible rally up to $6.2k, once the...
After several attempts Bitcoin has failed to break the $6850. We can expect it to break to the down side from here with a breach of the trend support line cementing in a trip to the 50% Fib and $5300 range.
If Bitcoin manages to break resistance I'd be flipping long. Under the current environment anything could change at any minute.
If we pull out to the weekly we get a better picture of the longer term trend for BTC
I'm seeing more downside, possibly the $7K range and 78.6% on the Fib retracement.
There is strong support from $6.8k down to 6k a fall below 6k will be a very bearish signal for me. In this scenario I believe we may see $4K again.
If BTC bulls win at either the 68.1 fib...
I've had a plethora of requests for a more detailed analysis of Ren so here we go....
The crypto world is just waking up to REN.
REN will be 1800-2500 SATS at testnet
8000 sats at mainnet
30K+ sats by 2020
There is a very real struggle going on right now.
BTC falling below 10k was not a great sign, there was real concern the bears were taking over and the usual tulip brigade was out loud and proud declaring BTC dead, this time, once and for all.
Next thing BTC smashes back through $10K flipping the bird to all and sundry in the bears corner.
Sadly (or not) I...
ADA consolidated nicely through May/June before losing 12% on the 27th June. It's continued to fall for the next few days before settling at and now bouncing along the long term support and setting a new higher low.
A drop below the support line now may indicate further downside. S/L .07350
The halving is less than 11 months away and things are really starting to heat up in BTC World.
For BTC to make it's next move up it needs to break through the $9K resistance level that it has repeatedly tested over the past couple of weeks.
The MACD signal indicator has crossed on the daily indicating this could be the time it breaks above $9K, in which case I...
Nice swing trade setup for BINANCE:NEOBTC
The MA50 is hovering just above the current price, a break and hold above this would indicate medium term uptrend continuation.
Further ahead there is solid resistance in the 0.00178-0.00183 range, with little resistance from there to 0.002.
Taking profits at the following levels:
0.0178 - 19%
0.02 - 34%
Looking at the 4hr time frame BTC we can see that a break below the trend line is possible if the price slides any lower. A break down would see the the 38% FIB ($7,250) and next support level come in to play.
However with the RSI currently sitting at 42, I believe this will fall to high 30's before a break to the upside pushing through the $8,300 resistance...