About meHi folks, there are plenty of great Tech Analysts here. So please check them out too. We provide short & brief, straight to the point Analysis of why and when to enter a trade. We will provide short but effective trade ideas.
Silver posted +1000% parabolic gains only to crash land. Silver found a support around 200 Month Moving Average area. However the bounce was contained around 50 Month Moving Average. Bitcoin is playing a similar fractal but on a weekly Scale. Bitcon found support around 200 Week MA and is now holding against 50 Week MA. No Bitcoin upside until we break above...
#TRXBTC is accompanying #XRPBTC & #IOTABTC on the road to downside. 481-Binance last Minor Support
if broken, we are eying 382-419 Area as the next landing zone where it may find some support for a bounce back towards 503-526 Area
In last 1 Year Bitcoin has tested 200 Moving average area in Daily Timeframe for 5 Times. All 5 times price was rejected from 200 MA & we ended up with new Lows.
Today is the 6th attempt. If we manage to breakout on upside in next few days, Expect an attempt to reach 50/100 Week Moving average in Weekly Timeframe.
Have a look at all the Fib Levels to understand the amount of Pump it needs in order to get to individual levels. At the moment, price is holding and upside is stalled against a strong horizontal resistance. 200 DMA coming up in ADAUSD, so probably time for some pasue before a break or rejection
Buying an upside break after breakout confirmation. Will be buying dips on the Support Trendline
Potential for 25% Short Term Gains
200 DMA Test may bring upto 49% Gains
Extension possible later upto 93% gains
#sys is waiting for an upside break above 1350
Potential Upside Targets 1636 (28% Gains) with a potential extension to 2340 (83% Gains)
May take weeks to play out. Not suitable for Scalping
Bullish Bias invalidates if price breaks & close below Up Trend Line