The chart tells everything a trader needs to know.
wait always for a retest of a resistance after it is broken.
On the hourly time frame, yesterday a doji (as it is circled on the chart) has been formed which was an indication that ada will go down.
Ada is fighting its way back up. will it continu its way ?
best way to trade ada is by looking...
Resistances, supports, channel descending/ ascending are on the chart.
It seems that almost every other asset has decoupled from the BTC movement. Usually bigger market cap asset follow BTC up or down. Can anyone explain why is that?
One day was enough to wipe out all gains that a week or more was taken to push up the price.
None of the support held through the dump.
Manipulation of the market, push it up then dump it.
First target can be reached in the coming days. Second target is a maybe, hard to break through 0.069$. Maybe a coinbase pro listing will give the required fuel to push the price up and break resistances.
BITFINEX:BTCUSD at a critical support which is the 50 EMA, it has to held the 3810$ level otherwise it will go to at least 3000$ then to a new low.
In my previous analysis, i said that breaking the 50 EMA then coming down to retest it as support would be perfect which is hapening now.
Again, if the 50 EMA helds, everything will be fine and i can say it is the...
Since 30th january BITFINEX:BTCUSD has not managed to break and hold the 100 MA.
Will BITFINEX:BTCUSD be able to break it this time ?
a powerful break though the 100 MA then a retest of it as a support would be the ignition of the bull run.
what i expect is just another dump once we get touch the 100MA.
Be carfule, there will be huge dump. dont be greedy.
BITFINEX:BTCUSD as usual the 50 MA is acting as strong resistance. around 3750$
i see some sopport at 21EMA around 3625$.
For now, there is no entry until the 50MA is broken and retsted as a support.
Even if BITFINEX:BTCUSD manages to brak the 50MA there will be a hard resistance waiting at exactly the 100MA which is around 4100$
BITFINEX:BTCUSD Just another bull trap.
Nothing will happen until the 50MA broke. the range of 3700 - 3800. on a daily time frame, we need btc to break and close above 3850.
The 50 EMA is acting as a fucking strong resistance for over a month and everytime BITFINEX:BTCUSD hit that level, the start for a spike down starts.
So, either fucking bull believe in...
Three top almost same value, it has retraced to the support around 144$ (Kraken exchange). if it is broken then a short position should be opened and stop loss should be as tight as possible.
Do not let these crooks lured you, do not leverage too much.