This BTC/USD weekly chart is indicating a good point. There will be a correction in upcoming weeks due to strong resistance level of 50W MA similar to 2015. So the possible lowest value will be around $3600 as of strong support level is at 200WMA.
In last few weeks, we see a clear channel for BTC in between 200 EMA ( upper limit ) and 200 MA ( lower limit ) as per weekly chart. In this bear market, we still don't see any catalyst to attract high volume. This is a bad sign for crypto market. RSI is also high as of now and it's nearing oversold area. This is similar to where BTC stuck around $6xxx range for...
This is a simple trading idea for those who are trading in cex.io. In this bearish market, swing trading is a good idea to make quick bucks. Watch purple line for uptrend.
Take profit: When RSI > 95 as per chart
Buy: When RSI < 5 or value touch purple line
Stop loss Should be : $3580
I got this idea from another user (@projectenergy). We all know that XRP is a hot coin in last weeks and it will also perform in 2019. This is a nice chart to identify strong support level for XRP since November 5. We can do swing trading with the help from this chart when it's hit support level. 231MA is the support level.
XLM is one of trending coin in 2018 along with XRP. There are rumors that XLM will be listed on coinbase. It might be a false news. But if it's listed, there will be higher values to make some profits. Watch this higher lower values and grab more XLM.
XLM related events : coinmarketcal.com
As we already know, Nov and Dec months are key months for bitcoin as we saw in 2017. Today (25th Nov, 2018) Bitcoin came to $3xxx for the first time in 2018. This makes BTC into new strong support level for upcoming weeks. Unless we see a new trend along new positive news, we will test another support level as we had $5800-6200 in previous months. By considering...
TRX is one of hot coin to trade for a short term. In these days, we can expect range 330-420 sats as of current pattern of BTC. Look at purple line and get an idea to decide buy/sell level. Below targets are very good to take some profit in these days.
Buy - 300 to 330 sats
Sell - 400 to 420 sats
Stop loss - 250 Sats
Many of us are confused with key levels of BTC to decide trading. Since April 2018, BTC value is still below as per 200MA. This hard level should be broken to resume bullrun. Until that we will see wave is inside bottom level of $5800 and upper level like $6900.