longbearcrypto

longbearcrypto

Hello Traders Price action retraced beautifully and landed spot on the mystical 0.618 Fibonacci line. once it went back up it touched 0.618 again! Im expecting it to go back down to 1.618 which also happens to be near a good support level

longbearcrypto

Hello Traders The past few weeks have been very bullish. We have bounced off of the long term uptrend line 3 times now, thus confirming an uptrend. RSI is looking very bullish too, resembling the market at the end of May prior to the massive push to $690 In terms of fundamental analysis well that couldn't be better! The silk road 2.0 auction of the DRP stash...

longbearcrypto

Bitcoin tried to get past 353 for the second time but just couldnt break through. Looks like a classic double top to me. Further downwards movement expected over the next few days.

longbearcrypto

Hello Friends I was hoping we could make a nice clean move above 400 but it looks as though that will have to wait for a few days. Notice the bearish divergence between the peaks on the 9th and 13th. There is strong support at 360 so we may visit that area again temporarily before gaining enough momentum to push through 400. Comments are welcome :-)

longbearcrypto

Hello fellow traders! The red lines signify support levels that are likely to become resistance levels in the days and weeks ahead as the price trends upwards. Resistance levels to look out for $424 Tested as support $467 very well tested as both support and resistance - price may bounce around a bit between 467 and 424 $544 tested as support and...

longbearcrypto

I messed up this chart abit, please see