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Latest forecast was right.
The priority has changed from bear to bull.
The price has rebounded from the bottom of the balance,
therefore we are waiting for the movement to
the opposite side of the balance.
Our Outlook for Bitcoin Diamond is as follows:
Buy: $1.69 - $1.73
Take Profit1: $1.97
Take Profit2: $2.115
Re-Enter: $1.54 - $1.58
Take Profit1: $1.97
Due to the fall of BTCUSD, the price of BCDUSD also fell down and reached the lower border of the wide balance 1.5500-2.3715.
The price showed a bull reaction on support zone of this balance. But the priority is still bear.
To change priority from bear to bull the price must breakout level 1.7775.
If this level will be breakout the price will go up to ...
Almost everyday I look at the analytics and noticed that a lot of analysts are predicting some strange bitcoin figures: 20 000, 30 000, 50 000, 100 000. This is both funny and weird. Land on, guys.
No one even knows where and when Bitcoin will go out of the balance. We need to build strategy on the facts. Price reaction and volume show these facts. ...
The price is in broad balance, and until we leave this trading zone either up or down, there is no reason to talk about the beginning of the upward / continuation of the downward trend.
Now it is important to look at how the price will behave near key levels.
In the case of penetration of key levels, it is important to remember ...
BCDBTC Volume analysis prediction
We have 2 balance here.
1 - main balance with the range 0252-0361
At the border of the box is Main Support and Main Resistance Area.
2 - inside the main balance we have a small box with the range 0272-0307.
The price is in the middle of this box. If this balance
goes up (true breakout) we will see an upward movement to the ...
We have a new wide balance with the range 1.55-2.37.
For new mid-term up trend this wide balance must goes up.
For this the price must show a breakout of the resistance zone ("sell area" on the chart).
Another important key point - 1.7919. This is a POC level (point of control or max horizontal volume for the period) of the little balance. If this level would ...
BCDUSD and BCDBTC do not correlate with each other at the moment.
BCDBTC shows a weakness. Last root of the impulse was breakdown,
so now we expect a price fall to 0259 and then to 0252.
If a large vertical volume appears at the level 0259,
it is possible that the price will be rebound from there.
But if there is neither volume nor reaction - it will fall further.
Long term signal: Buy
Against the backdrop of fundamental news, XRP started a strong bullish trend
Now to buy late, you need to wait for a rollback, and enter with a minimum risk
We pursue long-term prospects.
Be careful with premature purchases, unreasonable risks are possible
Take profit 1: 0.574
Take profit 2: ...
A new balance was formed with the range 1.70-1.91
While the price is inside the balance,
it is necessary to trade only from the borders.
At the moment the price is at the bottom of the balance.
We expect a rebound from this area with a target on other side of the balance - 1.90-1.91.
But, if the price will breakdown 1.70 we will see a price fall to 1.6035.
Last 2 impulses was down, it's bear priority.
Also last balance goes down.
At the moment we do not see an increase in volume
and reaction in the opposite direction, which means
that with a high probability the price will continue to decrease.
The next support level - 1.6034
The situation on BCDBTC is similar.
Mid term signal: Buy
Global ETH fell very low, this coin still remains very promising,
And it in second place by capitalization in the crypto market
And the price range in which we are, we can expect the activity of buyers
A deal with a good risk-earnings ratio
Upon reaching the first take-profit, move the stop-loss to the ...
BCDBTC shows bull priority.
BitcoinDiamond is stronger then Bitcoin for this moment.
The situation is similar to BCDUSDT: last 2 impulses - UP, last balance goes UP.
At the moment we are watching the formation of the new potencial balance with the range 0333-0364.
With a high probability the price can test the POC level of the previous balance - 0324.
But Iif this ...
BitcoinDiamond - very strong coin at the moment.
The coin did not react to the market drop last week. In addition, it grew in price.
A few minutes ago the price BCDUSD made a new impulse up and showed a retest at the level 2.10.
So now we have a new potencial balance with the range 2.10-2.291. If this balance goes up, new target will be resistance area ...
The price is in the balance with the range 604-660.
As long as the price is in the balance, we trade only from it borders. Otherwise, the stop loss will be your friend.
If this balance goes up, with a high probability the price will breakout 700. First target - 710.8.
If this balance goes down the price will fall to the support levels 575. This level ...
IOTA - one of the of the coins that shows strength.
After signs of stopping the trend in the form of fixing and new initiative purchases, the price went up.
At the moment the price is in the balance with the range 0.6565-0.8150.
If this balance goes up the price will go up to the resistance levels 0.9166 or 0.9750.
If this balance goes down the price ...
Here is a situation at Bitcoin Diamond.
Down impulse was completed by fixing.
After that we saw a correction wave and then new fall wave with minimum update (retest of fixning).
First the price formed a balance with the range 1440-1720. But then the price made a false break out to 1820.
So the new wide balance is 1440-1820. The price will ...
Ethereum is in the wide balance with a range 250.50-319.60. Downward movement was completed by fixing. After that the price jumped to last POC (319.59) where it met the sellers.
Further the price has made a retest of fixing (264.04). At this point, we certainty noted that the price forms a new balance for the new accumulation.
What next? The price was rotating in ...
BTG is in the main balance with the range 17.68-21.70. Intraday balance (range 14.80-17.68) after fixing goes up, that means we have a bull priority in intraday charts at the moment. The support level 17.68 is very important. If the main balance goes down and the price will break down this level, bull priority will change to bearish again. As long as ...