Bitcoin has slowed down a bit signal of accumulation/
if it crosses 6800 will reach 7500 - 7800
if it crosses 5800 will go as low as the fibonacci lines.
Volume is spiking up in exchanges and its very likely that it will try to reach the red curve as it have done during this bear market period.
Bitcoin 4 hour
still open to short term long opportunity
7085 Resistance level open to retest
Green Lines represent areas of resistance
Red lines represent areas of support.
Ichimoku suggest correction based on supports levels.
triple top could develop into further uptrend.
Bfx Data 7D and 30D shows 52.6% and 51.3% Sell vs Buy...
Based of elliot wave, Daily chart suggest this could be wave 5 for Neo.
This is only a suggestion, because different cycles suggest different approaches.
I used to have a Ethereum miner with two friends at that time it was worth 7 usd and we produced like 10 ethereum per week! but we couldn't pay for the electricity so we sold the miner and invested all in...
1 Day Chart
Breaking Resistances (green line)
Bottom at + or - 13000 Satoshi
First Target could be + or - 8000 Satoshi
Breaking Second resistance + or - 15000 Satoshi
Rsi possible reverse.
Trade small amounts, Grow money.
4 hour scenario
First pair of lines
green line (resistance1) move towards 0.016 (Bollinger open up to 0.017)
red line (support1) move towards 0.014
Second pair of lines
Green line (resistance2) move towards 0.026
red line (support2) move towards 0.006
Market Cap 174.300.000
Shape could indicate double bottom, let´s see where it moves.
Market experienced a reversal in price
Volume is still around 6.200.000.000
Don't expect big price changes
Bollinger suggest an aperture up to 0.178 if it breaks the green line
if it breaks the red line could go to 0.148
Bitcoin days before segwit activation is still a healthy Market
Probably coming from Moms and Dads holding.
Signs of strength and trust.
Market cap around 45.306.566.000
This is 1 Day
If it break the green line could go (LONG) profit or short (MARGIN) could be 30 usd for zcash
I have to notice that all the charts I have been working on so far have the same trend as Bitcoin, this tells me two things.
One, is that bitcoin is very young and have lots of young projects
Two, all the other coins (alts) works as pieces of market in...