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89

Back @ That Top Resistance Line AgainAfter a ridiculous day, BTC has somewhat settled. Xi said the magic words, Trump continues to be less qualified then a carton of curdled milk to run our country and our our (coincidentally) 4 month exactly lower trend line held intact. Both the Upper Trend Line and an extension of the lower triangles support line were broken, However our massive pull back has us position above the 200sma and the extended top resistance line from our previous triangle. BTC most likely grinds away at the purple resistance line for day or 2 before volume forces another large move. The Closer the 200 gets to that purple trend line the more likely we flag and continue higher, Next resistance being the 10k psych and 10.9k from our last local high before the break down.
COINBASE:BTCUSDLong
by F0urL34f
BTSBTC 594 days long fight against a linear regression downtrendThe +2 deviation line was touched but shortly left unbowed. A quick observation of a market timing advises that a positively solved btc debacle might have some bearing on this scenario, notwithstanding, one thing remains static no matter what plot develops around in the btc chart. It's location of the 89 timezone. Being a predefined invariable, it sits tight in the future that is yet to come, waiting for the bulls to outbalance the bear thrust in this 594 d declining regression trend. Ideally, uncertainty coupled with flames of passion flaring up in the btc subreddit would solve all the problems here, and 89 timezone sets a key turning point in this story giving the market 30 days to make it out of an established regression downtrend. In the worst case scenario with sellers jumping the shark again it would get dimmed to dull embers though its deemed normality to get slapped one last time before a new uptrend sets in. The narrower the trading range is, the more problems there are with keeping it in the same tight room. Pay attention to time, if a green support zone gets pierced through before 05.03 +/- week bts could lose up to 95% of its present value.
Long
by heglassedme
1
USDCHF to go down if it reaches 0.89048 Based on Structure's and Fibonacci confluence, channel,... If ADP Nonfarm Employment Change is better than expected and if Fed Chair Yellen Speach drives the pair up it could soon reach 0.89048 if these things don't drive up USDCHF it could still reach 0.89048 and then there would be a shorting opportunity. Then ==> I will open a short position and place my stop lose and take profit orders as can be seen in the screenshot. ( www.investing.com )
Short
by Wizard
1