AMBBTC 50% pullback in 5 days. Support at 200 MDA long term hold
AMBBTC 50% pullback in 5 days.
Pullback to support at 200 MDA.
Long term hold
AMBBTC has pulled back 50% in the last days and is now near the 200 MDA which should provide good support.
I think this is a good buy price for a long term hold.
DONT FOLLOW THE BLUE LINE ......
Expect strong resistence at these points for CNDBTC
This is a map of resistence, not price targets
In other words, I expect the price to pause or pull back at, or just under, those prices - but I have not analyzed other factors to determien which of those levels will be achieved.
0.00000087 - as mentioned in my prior post. This...
An earlier analysis by someone else saw this as a triple top but it has evolved into a flagpole pattern
The market sees the pattern as bullish because it has higher lows
I dont know how many times it will bounce around in the flag section. It will often keep on tightening up until it runs out of space in the triangle and then breaks out
Stock pattern theory...
Cindicator CND (CNDBTC) is curling up tight just underneath the 200 MA
Breaking through the 200 MA often results in a strong pump
That green line is the 200 1 day moving average
I dont have a good feeling for where the pump will stop - maybe at a similar flagpole height, prior high, fibs level ... who knows
Anyway, get ready for CND to move up
Binance trading is currently disabled
When trading is restored, expect the price on Binance to quickly match the price on other major exchanges like Bittrex
As of posting this, the Bittrex price is just above the 200 MA and I expect the price on Binance to match up with that.
Most BTC pairs on Binance have pumped hard after they go above the 200 day moving average
BNT is sitting just under that line right now
BNT has had poor performance over the last few years, but maybe now is its time to pump.
I have not done any serious research on this coin.
I just checked all of the BTC pairs and looked for the ones that havent done much above...
BTC resistence at 10k and a short term top line
This is just out of interest. Im not projecting up or down, but would not be surprised if it pulls back to 9200-ish in the short term
Overall, Im still long term bullish due to the upcoming halvening event reducing the rate of new BTC issued each day
Someone sold Bitcoin for 10% of the going price - probably by mistake
An "oops" moment for someone on Binance BTCUSDS pair
They probably placed a sell order for $700 instead of $7000
$60,000 USD worth of Bitcoin sold for $5,600.
Despite being a bit funny, this is also really annoying
Exchange should always sell to the highest buy price even if you entered a...
Litecoin top 10 coin that tracks BTC closely. LTCUSD BTCUSD
My favorite coin in the top 10 is Litecoin (LTC) which usually tracks BTC closely has much larger percentage swings. So, whenever I think BTC is at a good buy in price and Im keen to buy some, I usually change my mind and buy LTC instead
Join the TradingView Chart...
BTCUSD is at long term support line in Logarthmic mode
THIS CHART IS IN LOGARITHMIC MODE which works well for massive price differences over a long term.
To activate log mode, right click on the right hand side axis and select LOGARITHMIC.
To deactive - do the same, or try the REGULAR options.
It is sometimes...
It is a bit early to predict a falling wedge formation as it is based on the drop in the last few days that may not have completed falling
Anyway - if it holds here and goes up, we may be in a large scale falling wedge pattern.
This is a change from the large scale flat bottom triangle that we had for most of the year.
If this pattern holds, there will be more...
The Bitcoin Cash fork has dominated the news this week and the fork is only a few hours away
At the moment, it is likely to split into two coins - Bitcoin Cash ABC and Bitcoin Cash SV
This is a handy chart showing all three coins on Poloniex exchange.
The ABC and SV coins dont exist yet, but Poloniex has been trading something like pretend coins (futures ?) so...
NANO is at a critical point and needs to break through that trend line to continue its strong push up
The tend line is only noticable in log scale on NANOBTC, not NANOUSD.
If it can break through that line, it has a strong chance of going up a lot higher
If that happens, a large pullback should occur some point in the near future of around 30 to 40% followed by...
BTCUSD has a well defined triangle top in log mode
Yeah - those damn moving triangle.
You get past one of them then another one forms.
Thats how it works
The good news is we have time and 15% for BTC to move up before it hits that ceiling so make money while you
It could break through the ceiling, but the path of least resistence is to drop down when its close...
The point of this post is to point out that the EOS falling wedge is different depending on your preference for the base currency so Ive drawn it against USDT and BTC
If you like BTC we are near the bottom of the wedge
If you prefer USD we are higher up so it could drop further and stay within the wedge
Coinbase announced it was considering adding these coins resulted in a 12-22% pump for each coin.
This chart shows the impact on the price from that announcement
BAT Basic Attention Token
FOLLOW Coinbase on Twitter so you get the news immediately next...
We are at the bottom of the BTCUSD channel
It has a well defined top, but the bottom is low on contact points so its not as well defined
Channel breakouts can be large movements so we want to stay within the channel and gradualy recover before some nice big green whales come along and push up the price again
Fingers crossed. Stay green BTC, stay green