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. Buy: 0262 Take Profit1: 0294 Take Profit2:...
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...
Ticker: BNBUSD Exchange: BITFINEX Buy priority 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 Buy: 3.85 Take Profit1:...
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...
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...
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...
Ticker: BTCUSD Exchange: BITFINEX Buy priority 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...
And so, volatility is currently minimal. Now we see the minimum trading volume, I have the impression that the market is waiting for something But at the moment, I see no signals for changing the current trading range. Based on this, a good idea is to trade from the boundaries of the trading range We are waiting for an increase in volumes, I think it will be a...
After pump and dump the price consolidates in a narrow range 0269-0278. While the price is trading in such narrow balance there is no point in trading. Wait until the price goes out from it. The priority level is still 0252. The buyers must hold this level from breakdown. Otherwise the price goes down. Buy: 0279 (after breakout) Take Profit1: 0293 Take Profit2:...
The chart speaks for itself. If you have questions - comment
BCDUSD have a bear initiative at the moment. The price formed a new mini balance with the range 1.64-1.76. While the price is in balance, we trade only from its borders. Last impulse was "red" and it started from 1.7606. This level is a priority level. If the price will breakout this level, we can open a buy positions. Another buy level is support area...
Yesterday BCDUSD showed something similar to pump. But when the buying positions were closed, the price returned to the starting point of bull impulse. But the priority has not changed, because this key level has not been breakdown. Now we can try to buy again, but your stop must be below support area (indicated on chart). If this support zone will be breakdown,...
Mid-term picture: the price is still in the wide balance range 0252-0361. As long as the price stays inside the balance, we trade from its borders. From level 0351 we saw a bear initiative. It was fixing of previous long positions. We expected that priority level 0280 would be able to keep the price from further reducing. But this level was breakdown. The price...
Ticker: LTCUSD Exchange: BITFINEX And so, we see a large false breakdown, in which there was a very high volume, what can this be talking about? 1. The market is oversold and this is a response from buyers. 2. The movement has become too obvious - the volume is a consequence of the triggering of a larger number of stop orders of sellers 3. Has the probability of...
The price is still in the wide balance range 0252-0361. Our small balance (0252-0290) was up so we have a bull priority at the moment. But from level 0351 we saw a bear initiative. It was fixing of previous long positions. What next? After fixing we will see a new balance phase. If you have not bought earlier you can try to catch price on 0290 or 0280. But you...
Latest forecast was right. The pair is in the WIDE BALANCE with the range 0252-0361. Inside this big balance we have one more balance from lower timeframe with the range 0252-0290. While the price is stay inside this small balance we need to trade only from it borders. If this balance goes up we will see an upward movement to the 0339 or even 0361. Priority...
Litecoin is in the wide balance with the range 47.15-69.45 After bitcoin jump, litecoin showed a small rise too. The most important thing - last mini-balance goes up and priority is bull at the moment. The priority level is 50. If this level will be breakdown it will be very bad for bull traders Buy: $54.22 Take Profit1: $61.35 Take Profit2: $65 Re-Enter:...
Ticker: TRXUSD Exchange: BITFINEX Now TRX is in balance, and it is stupid to say that this coin right now will begin to grow And only in the case of penetration of key levels, we can see the directional movement The chart shows the most important levels that can stop the price movement. You cannot buy at the moment, we are in the upper part of the current...