BTC recent dips and the (not strong) recovery after that, may indicate that more (short period) correction is coming.
To me a really bull signal is a strong recovery after a massive dip.
We may see this happening in the next dip.
BTC has these resistance levels to test. The volume looks good, I am optimistic that the volume is able to overcome these resistances.
But it is good to keep stop loss with each new crushed resistance.
A news passed half unnoticed by many traders, JP Morgan create their own stable crypto currency (JP Coin).
With the approach of the SEC decision and growing the guesses of an approval, the correction desired by big trades did not happen. Now this money that was waiting correction below 3200 to have a good entry price, is rushing to enter and not miss the...
The market wanted one more correction to have a good entry, but at the same time we are so optimistic with the pecpectiva of ETF and large banks launching crypto stables coins (JP Morgan Coin (and all the plans behind it)), that it is possible that we will not have another better level to enter below 3600 never again. If the market consolidates in this...
"The “cross” refers to two simple moving averages “crossing” over each other. A golden cross is considered a bullish sign; it occurs when the 50-day moving average rises above 200-day moving average. A death cross is considered a bearish sign; it occurs when the 50-day moving average drops below 200-day moving average" (thereformedbroker)
*Correction: EMA 50
When everyone expects something, one more dip before a bull run is when the BTC surprises us. Many await (with their money) the BTC's latest fall to have "good entry". Based only on TA, BTC will probably make a correction soon to test 3200. But BTC is also largely influenced by good and bad news, we always bear in mind that TA is not a science that works like a...
BTC is on danger zone, I've made this fib following the actual trend, BTC is on last line of support, this may bounce from this point or, if fail the support, go straight to test 32xx zone.
BTC has this challenger to make the last test of resistance at 3800 and than test again 32xx but it can fail the tube and go direct to test the 32xx.