I think Bitcoin is still in the bear market. It feels very illiquid. It wasn't able to break the triangle resistance at 10k and I would be surprised that it can do it in the nearest future.
By the nature Bitcoin is very speculative asset, and speculative assets create bubbles. I think creating another bubble from 5K level is highly unlikely. It's just to prices...
We've been falling a lot during the last few days, especially altcoins were under pressure. I know some people anticipated this move down, I didn't, so I've lost a lot of money, because of being too optimistic about the upcoming crypto market. Finally I see a moment when I am ready to go long again. We formed a double bottom and the neck line was crossed. I think...
I think Tesla is ready to move down, the dead cat bounces are done and I expect a big drop after we break 750. My take profit target would be around 550 USD area.
Well, Bitcoin is forming an ascending wedge, if you forgot what's that, let me remind you. It's a figure that breaks down to the south. Bitcoin did 1.5K yesterday and it cannot go more without a pullback. Just look at this chart and tell me if smart money is buying this top. I really doubt that. And even though we could go to 10.8K I expect it to be rejected pretty fast.
From my point of view, Bitcoin is consolidating in the triangle for a further move up. I like buying in the lower part of the triangle when I expect it to break upwards, because the stop loss could be placed not that far. Let's see how that plays out. What do you guys and gals think?
Well Bitcoin looks weak, and this trade is against the overall bearish trend, but I think Bitcoin is ready for a small bounce to 9.8K. For this trade I'd put a tiny stop loss just below 9.2K. Both MACD and RSI support the move up, what do you think?
Hi people,
I think Bitcoin is forming a descending triangle pattern, that will eventually break down to test 9.8K-10K level. From tech perspective both MACD and RSI support this move.
Hi everyone,
Some of us are very excited and other ones are very angry because of 700% since IPO. I think everybody understands that this stock is a bubble right now and eventually it will be trading way lower from current levels. Today was a huge move, I had a short, but had to cover it with 0 profit. Well I expect to have another chance to short this stock in...
