Either it´s bouncing from 17.6, or it bounces from 12.
RSI looks overbought, but I´m guessing three tops before complete cycle.
Risking 17.6 myself with stop loss at 16.6.
If that fails i'll put in a order at 12.05 with stop loss at 10.8.
Best of luch
Way I see it bitcoin is a discease that should be killed since it drags things up and down and blockchain don´t need the mama anymore. The bird has left the nest, now gtfo mom. I can´t grow with you around. I can´t be a man with your nagging.. etcetc...
Nano much more clever for transaction, and other blockchains much more clever as a major chain.
Well this landed nicely... Excited to see if it will hold the lines or not.
Good news today regarding value of co, and been little talk of NAS here, so I thought i´d share this.
Haven´t put anything in myself - it is just for educational research of different methods and indicators..
AO looks promising, and RSI seems oversold, and the stoch seems to turn.
This post is where I try to read the market based upon my limited knowledge.
I´m as always hoping for some feedback, or discussion etc. so that I can gain some more knowledge.
My idea is written in the chart.
Best regards -
In my view a sort of bullish trend-line (like seen many times before in the bear market) is seen meeting the
bearish trendline. Eventually the price will end up on either side of the formed "V".
Is this called something special, is this a reliable indication of any kind?
Also - is it correct to draw a RSI trendline in the way I have done?
Does it mean...
I am a wee bit angry. Put in a bid at 0.0004000 satoshi, but it didn´t bounce because I was at kucoin.
Lesson learnt - always play at the exchange with which chart you read. . .
I believe that a retrace is right around the corner.
Judging by the other pullbacks, they tend to go five gann-levels down,
so from our last uphill climb I believe we will...
I know nothing, Jon Snow.
I will test to buy some Bitcoin at 6500 ish. Don´t know where to put a stop loss or anything,
but I will probably set it around 6000. If anyone has any tips or things to point out it would be most welcome.
Trying to learn some TA is not the easiest thing in the world, but "there ain´t no way but the hard way, get used to it" :)
Fib retracement may be moving toward a free fall. Hopefully some huge bulls get on stage and rock the Cashbah.
Up top there has been alot of support building, but between from 6500 - 11500 there is very little.
If the price first breaks the plotted bullish trendline, i believe we will see price actions down to 6500 or thereabout.
Fib retracement on a bigger...
Kind of late post, well well. The trend has broken and the market overall seems kind of bearish. Hope it´s the time for the alts and that the BTC dinosaur dies. ETH is much better fitted for transfering of funds in my opinion. BTC might just be AOL and ETH, or maybe XRB is google. Hopefully.
RSI looks to be alright. Not oversold. So the trend is looking bearish...
I´ve just made a potential BTC trendline. It might follow this course upwards.
MA 21 days was just touched on the 4h chart. Still staying above the MA 50.
BTC will need to stay above the MA 21 to remain bullish.