The price did not reach 1 tick to the indicated earlier support. We expected the price at 0213-0217 area, but rebound started from 0218.
Please note that the vertical volume increased at this level and the price showed a bullish reaction.
What now? Our main balance has expanded a bit. The range of the balance now 0217-0274. Also we have an another narrow balance ...
For this moment we have 2 balances. First balance is wide with the range 0228-0274.
Second balance is narrow with range levels 0232-0246.
The best opportunities for open buy positions is from the support area 0228-0232. If this area will be breakdown with the high probability the price goes down to the next support zone 0213-0215.
But if the narrow balance goes ...
Wow. Did you catch this move? It's look like cryptomarket is starting to wake up. A small gift for the New Year holiday. We waited for this almost a year, didn't we?
Ok, what's next? We have bull priority.
Most likely a new balance will be formed now, we already have 2 borders.
To enter the market use the lower border of the balance (0243).
If this level will be ...
The upward impulse tells us about the strength of buyers,
buying from a rollback is the best idea for the moment
Take Profit1: 3715
Take Profit2: 4000
Stop loss: 3270
Visually, Ethereum is not much different from Bitcoin.
If Bitcoin, in the case of a breakdown of the balance, going fall to 2850-3000, then ethereum - to 66-68.
And the probability of this scenario is really high, since there are no big active buyers on the market yet.
But first the price should breakdown 85 - it's a last level where there was a small initiative ...
The price is still in a range 0194-0220. We need to wait the moment where this range go - up or down.
If this balance will goes down it's forbidden to buy from 0189. Because a lot of stop losses was hide below the 0194 and if the price will trigger these stops we can see a sharp down impulse. Wait for big vertical volume and
bull reaction on it.
Buy: 0220 (after ...
BTC is still in a downtrend
Now it's too early to buy
There is current support in the zone: 3250 - 3400
Global support is at 3000
And with high probability we will see the price at this level.
We expected the price rebound from the level 0216, but because of the Bitcoin fall and the overall weakness
of all altcoins, the price of BCD also decreased.
At the moment I see 2 possible scenarios:
1. If Bitcoin drops to $3000 (probability of this scenario is very high,
more than 90%), the BCD price will also show the bottom with the price 0189.
2. If Bitcoin ...
We have a bearish priority and the last down impulse bar shows it very clearly.
To change the priority to the bull the price needs to breakout this impulse bar.
Until this happens, currently Bitcoin is falling.
If the price breakdown 3690 - with a high probability we will see a huge drop to 3500 and 3000.
Buy: 3905 (after breakout)
Take Profit1: 4135
The price reached our support level 0240. If you bought from this level I recommend protect you positions
with breakeven stop loss.
There are 2 reasons for this:
1. The price showed weak bull reaction and formed
new mini pullback level - 0242.
2. The price formed new mini-balance. And if
this balance goes down, the price fall to 0216-0220.
If you have not bought, ...
BNB is in a downtrend along with the entire cryptocurrency market
Now it is impossible to say exactly where the global reversal will occur
But we can foresee that with a high degree of probability a pullback will occur from a strong daily level.
What will give us a great risk profit ratio
Take Profit1: ...
While bitcoin is losing ground, another bitcoin, which is a diamond (BCD), shows a bullish trend.
At the moment the price is consolidating in a balance with range 0262-0294.
Level 0262 is a key support for now and if this level will be breakdown the price falls to 0240.
Breakout level 0294 will open the way to 0323.
Take Profit1: 0294
Take Profit2: ...
The balance that we indicated last time goes up and showed an up impulse, so now our priority change to the bull.
The price met the resistance level 0252 and then showed a pullback.
Priority level - 0215. If this level will be breakdown the price will change the priority from bull to bear.
At the moment we can buy from 2 key levels.
Buy: 0227 (conservative) or ...
Many traders and investors are concerned about the question - is the bitcoin already found the bottom or not?
I think that this is not the bottom yet and the price will sell a little lower - to 4000 or even 3500.
For a full reversal, we need to see the balance and an impulse up from this balance. Until this happens we remain in the priority of downward ...
Unfortunately, the balance, that we indicated on chart last time, goes down. The reason is bitcoin falling and panic seles.
On BCDBTC the price showed bear impulse and easily breakdown 0220 - the level witch was a good support after bull reaction.
At the moment the price has formed a new small balance with the range 0210-0220.
You can carefully open buy positions ...
And so, the drop was significant, I think it was created in order to collect all the "stupid money" from the market
I do not believe that Bitcoin in a week will cost 20k)
But definitely a significant rebound from these levels should be expected
By opening a position near the support, we get an excellent risk-profit ...
The priority level indicated earlier has been broken. The balance goes down and we have a bear impulse.
This impulse is based on buyers' market stops. Where will be the bottom? It's difficult to determine, because the BCD has no historical data below. For now we see a strong price rejection on level 0220.
Also on intraday chart we can see a small bull ...