The chart is still showing lower lows and lower highs so don't be fooled just yet. A nice 10% bounce is nice but usually Bitcoin in downtrends tends to give a little and take a lot back.
Here I have a few places where a nice long position could open up. Now not everything is always exact but here are a few to see when a good buying opportunity could happen. 1. A confirmed breakout of the channel to the upside (with volume and closed candles) is extremely bullish and could signal the bull run. 2. Bitcoin drops a bit to the downside to hit the...
A few people have pointed out the large amount of open long positions. All of these long positions that were opened in the last month or so have created an all time high. Now a few things could probably happen from here: A long squeeze that results in a lot of longs liquidated and stop losses triggered meaning the price of BTC falls hard or the longs are right...
A few things everyone should be looking for when it comes to BTC for the month of December. Hopefully Santa will bring a break out so that way we can get this bull run going again!
First off sorry I am very sick! I try to look into why the hard dump happened and possibly found some interesting info. All of this is just speculation I'm not making any hard predictions or assumptions just from what I see. Why does a mid cap coin run up 4x in a bleak time from bitcoin? Maybe this is why. List of the top addresses below. etherscan.io
I meant to post this last night but didn't fully publish. Fetch is setting up very nicely for a possible run up. Maybe pull a Matic move. We will see!
December could be where we see the strong move we are looking for. A break to the upside of the channel would mean LONG, a dip below the uptrend line could see strong move lower.
Just an observation on the last few times the RSI became oversold which resulted in a pretty significant price bounce.
A few indicators and low resistance till 8k could mean short term bullish.
With little volume in the markets lately could this be a huge move?
What to look for! A break of the resistance could mean higher move, a breach of support/200ma could spell strong move to the downside!
What to look for! A break of the resistance could mean higher move, a breach of support/200ma could spell strong move to the downside!
A break out of a descending wedge and a possible bounce off the 200 MA (along with bullish divergence) Bitcoin could finally be ready to make its move higher.