In the next two hours I think we should have an answer to this question. Target is level around 6600- 6300 USD. For me is still downtrend.
Note: two days timeframe is too short. It just may try push up to 8300 - 8500 level again. But after that I expect to see price close to 6000 USD.
My first initial thought when I look at chart yesterday was exacly that. Very strong push up to privious support level from 9th 10th of march. For now it look like there will be no further advancing over 8340-8500 USD. But I may be just wrong. Look like some big players have enter in game. And I expect they will exit very soon. On Monday or Tuesday chart will...
Probably there will be a good short term ( 2-3 days) oportunity for buyers if price go under 6000. So you need to be patient. We will see what is going to happen at that level. Exit position should be at 8000-8500 level.
NOTE : SOME OF MY LEVES FROM PREVIOUS CHARTS WERE REMOVED. We are still in downtrend and i honestly don't believe that the price can go...
ETHUSD
Watch out. We are back at some very inportant level. And this time it just may go lower without strong resistance.
WAIT and see what is going to happen than try with buy. Within next 24 hours
Resistant stubborn beast. Still not quite there and it hold level 8000-7800 usd. For me is still the same price need to come down at least to level 7000 usd before I'll may considering some other options in terms of bouncing back to level 9500 perhaps even little higher.
First level 7000 usd or lower than we will see position. And it won't be surprise if he go...
PREVIOUSLY ESTABISHED support resistance level at 8340 is just to give up. Within next 2-3 hours (EU opening) I expect 500-700 USD drop.
If he goes in oposite direction, well than surprise surprise. But this will not happen FOR SURE
USDJPY IS NOW CLOSE TO THE BOTTOM. I'll rather wait to see going belove 105.00 before make any desition. But yes those kind of positions are always good for trading vs trend 30-45 PIPS MAX. Trend is still down.
If there is no more surprizes than I think now is the time to see how many buyers will support bitcoin at level 7000 usd. Within 36 hours it should be at that level.
At first I didn't even notice potencial problem. But now I see price didn't move for hours and i see ( notice ) under exchange mantenance on other servers too. Bitcoin cash look the same.
many coins are under maintanence.
Some unexpected counter-trend has stopped for now at 9000 usd. Within 24 hours we will see if this means anything. For me level 7000 is still closer than 10000, But if somehow manage to cross 10K I may change my mind.
Wait analyze new postion and sell.
OBVIOUSLY If can not go up must come down. Market is alway moving. Bitcoin just turned down. Next level should be 7000 or just above 7000 usd. Retesting resistance level.
And it's just not looking promising. Fail level around 400-350 usd. Than what could posible hold him even lower at 200 usd level. Everything around cryptocurrencies look like weak empty potato bag and it look there won't be a better moments in near future.
We will see if there is a posibilities for recovery. If not, there is still downtrend. Posible last level...
Price doesn't move for very very long time. it just won't give up. And still holding around 9200 -9000 usd 23 fibo level from 20k to 5,8k. Level is also double bottom from 12k. A rather unpleasant position for sellers as for buyers. For me is still sell.
This time clean and easy to understand chart RSI MA EMA ALL SHOWING SELL at least for now
Buyers (long term investors) who should move price higher, they are probably already gone. Daily buyers (Short term speculators) have differend agenda And i personaly belive their behavour can not contibute to higher price.
I mean logicaly, rather than be somewhere in...
Still the same CHART this time with a little wider view. The support point is currently a bit higher than what I expected 8K- 7,8K The double bottom was not created at 9,2K - 9K. Only this could mean a price increase of up to 11K -12K. Those two red lines and text have become irrelevant now. 9K has now become a resistant level. 23% FIBO from top 20k to bottom...
Just remember red field on chart is fibo 23% from top 20000 usd. Break this line and stay there for A DAY. WE CAN EASY SEE PRICE GET EVEN LOWER THAN 8000. AND I ALREADY SEE HE IS MOVING LOWER.
So those two lines there are my prediction as a last chance for any recovery. After that well I would say game over. Who knows first 8000 and than 3000 than 1000 perhaps.
Asian market deny bitcoin to stay above 10000 even pushing him lover to 9000 and it does not look better in euro trading hours. For now it may just stay at that level trough US hours.Tommorow are some big annousement. NFP as you may be aware repesents usualy tectonic movement just about on any chart. They say that crypto has nothing common with OTHER MARKETS....
