BTCUSD expectable movement Here we will talk only about technical analysis of BTCUSD -4.54% on bitfinex.
We will only use bitcoin -4.54% graphic without adding any other information.
Currently I believe in 4-8h of growth. I know about CBOE 3.33% BTC -4.54% futures (XBT/G8 ) who will expire on 14.02.2018 thats why here is so many support lines.
8922 is one of the most important level, cause if price stay higher we can wait for a solid growth till 9400-9500.
Also here is two resistance levels where growth can stop.
And level 8611 where growth can stop.
BB
Buy VRC/BTC4H :
- Up trend
- Level : Trendline
- Signal : Ok
=> Stop Loss : 0.00013760 ; Take Profit : 0.00018200
Possible buy, or wait and then buy...Looking for either a BB bounce, or for the MA Exp Ribbon to flip and for ADX to go up a bit, in which case it will be a buy. If it bounces off, then it will most likely rally for a little while (a day?) and might go up... or down... ya' never know
But seriously talking, if those BB's expand or ADX goes up, there's a big chance that will be an uptrend.
USDCAD SHORT AND 2.618 TRADEI do think that the CAD will eventually be stronger then the dollar so i'm anticipating a ABCD playout with a run back into resistance for the last time. If the pattern completes and the resistance holds this will be a very profitable trade with an awesome risk reward ratio. These are the ones we go for!
G(OOD)B(YE)PUSD :(They have tried to repair the already broken cable but despite this, after several attempts and years of trying fixing it we are now at the offcial beginning of a major downtrend of the once oh so royal currency..
NOTE
Technical analysis is very dangerous to rely on, seen the politcal position of the US and the UK in the world alot of FUNDAMENTALS can have MAJOR influence on both currencies.
Trade with care.