Hi Traders, we all know that the triangle formation is coming to an end. There is the classical chart interpretation, that a bullish continuation is likely, I have found two hidden divergences which are continuation patterns, supporting the idea of BTC move to the upwards. In addition, the last green candle showed strong buy support below 10k USD. However, it is...
I wanted to show you a quick update on Bitcoin.
The buying pressure is still there and this resistance lvl will probably break the coming hours or days. I am longing with a relatively wide stopp as I see a lot of stopp hunting at these levels.
If you like my idea, please like and share it.
I wish you nice profits,
The simple Trader
today I show you my analysis on one of my favorite coins: NEO
NEO is following this channel upwards and is currently on the lower corner which seems to hold. Entering here at these levels gives you a nice Risk/Reward above 6! Further, the RSI has not broken its ascending trend.
If you like this trade, please like it.
For more trading signals,...
Looking back on both the BTC price chart and the RSI chart we can see that,
the next bull-run might start soon. Further, each period seems to be shorter in time.
What we thus want to see on the BTC chart is first a stable price level in the 7000-9000USD area with strong buy support. Next daily higher highs will indicate along with a bounce on the...
today I would like to show you an important cross between the 21 and 50 MA lines that might signal another selling to bots and traders. Here we would correct down to the 0.5 Fib level that is signaling major weakness if broken down and a potential major bear market for bitcoin.
Watch what BTC does at the 0.5 Fib level !
today I would like to show you a big trading opportunity in the BTC/USD ( BITSTAMP:BTCUSD) market.
As you can see bitcoin held the blue support, as we expected yesterday and is now facing resistance at the upper yellow resistance line.
We expect bitcoin will take a move down through the blue resistance line and hit the green support line, which...
If we take a simple look into this bullrun, we can conclude that
- the major trendlines are still valid and not broken
- we should see continuation for support at both trendlines, watch old resistance lvls which should turn into new support
- a continuation of the parabolic upward move may take some time, weeks or months. We will first test the old support...