The bitcoin are consolidated. In some time is cosolidation will end, and the price will rally to up or fall.
I have marked the relevants zones for medium and long term in this chart. Be ready and good luck!
Bitcoin break resistance and consolidation, the price are running to the next resistances, 6800 region and 6950 region.
We have a big boss in the main downtrend line, if the bitcoin break is downtrend line and passes the 7400 level, the bitcoin will go to uptrend, and the targets is in the moon. But, while is not occur, lets work with short targets only.
I was traveling but now I'm back.
The bitcoin keeps falling, the most likely movement for the next few hours is this orange line I put on the chart.
Bitcoin is still in a downward trend and in the coming days or weeks bitcoin will decide whether to go to the 4k region or go back up to the moon.
In the last minutes the bitcoin 1.86% had an expressive high. As long as bitcoin do not break through the 6650 region, I will be looking for short position (sell) opportunity. I will share with you if I find a good opportunity. Good trading!
BITCOIN MONITOR: The bitcoin has break the 6800 strong support. Take careful, the fall still with strength.
The price is more likely to go below 5500 in the coming days or weeks.
Search for short (sell) positions.
If you dont know how trading with short sell position in margin trading, take a vacation and back later, lol.
Alargament pattern detected. Is pattern is a reversal. We had the third touch on the bottom right now.
The price is tired from falling and we are very close to the support of the 6800 region, which is also 0.618 of fibo.
There are chances of the price rising again from now on. I have buy my bitcoins back for target in 7100 region, with a good stop-loss.
The bitcoin are consolidated in range 8300~8100. Keep already to make a entry when the price break the 8350 price, because is probabily a new rally to 8800 price. You can use stop tool to make a automatic buy when break the 8350. The stop loss for this operation is 8050.
If you not buyed bitcoin yet, do not buy before resistence break, is very dangerous because ...
Bitcoin break the 7800 resistence and more! wow! Now we have the final downtrend line and 0.618 fibo level. If break this point a uptrend rally is expected. while not, a correction to bottom of uptrend channel is expected.
Today we have a huge H1 candle with good volume.
That is a good signal of pullback.
Is expected the price touch in the top of downtrend channel.
We are far from a reversal, that is only a pullback for now.
Binance coin is one of the few altcoins that is with a clear trend chart high.
Maybe it's because we are talking about an altcoin with real usefulness in a broker that does not stop growing, Binance.
It all indicates she will reach the historic top in the region of $ 23, but that may just be the beginning.
Remembering that the target is medium-term strategy, it ...
Bitcoin is currently low in volume and has no strength to go up or down.
We are in a consolidation as the big triangle gets tighter.
During this situation we can look for fast operations in the altcoins.
Bitcoin at the moment is doing a fall pullback, we can confirm that that is just a pullback due to the low volume.
The bitcoin is uping in ascending flambula format, it is a figure that usually breaks down.
With these analyzes I placed the possibility of dropping 75% and 25% in continuing to climb until finding the upper region of the great triangle.
We can ...
The fall has been losing strength in the last few days, but the bulls are still very shy.
As we approach the support area at 7000 to 6000 it is difficult to know what will happen with bitcoin.
I did the analysis of 3 possibilities.
Possibility 1 50%: The fall continues without pullback to the 7000 area of support.
Possibility 2 35%: Terms a pullback to gain more ...