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Bctusd

BTC possible correctionBTC has tried to cross the resistance at 17.270$ for three times and fell back. This is a negative signal and we should be aware that BTC now could test the lower support at fib level 78.6 (13.600$). This correction wouldn`t be a crash - the general trend would be ok. (see trend channel in green). The last price-explosions came from the anouncement that BTC-Futures are and will be listed at CBOE and CME (dec 18). They´re not physically backed. So they don´t have a direct impact on the course. It´s been only the expectations of future gains that rushed the price upwards. MACD and RSI are still in positive terrain - but turning.
BITFINEX:BTCUSD
by Luettis
BULLISH & BEARISH STRATEGYAfter reaching our bearish target very fast, the pair should develop an important technical rebound. From a technical point of view, wave (C) should be considered a BUY OPPORTUNITY . If our analysis is still correct, this bullish movement should form at least two bullish sub-waves and a bearish sub-wave (simple abc structure). If you think this analysis can be useful, leave a your comment or your LIKE! Thank you for support and trade with care!
BITSTAMP:BTCUSD
by TheAnonymousBanker
8
Neo H&S Formed, expect price to drop?Disclaimer - I'm a TA in the making, still learning and studying all day everyday. Expect mistakes and nooby errors in my charts. The NEO chart is showing a possible trend reversal with a H&S formed, right shoulder broke down through the bullish trend line, then came back up to test the broke trend line and was rejected. Experienced TA's, would love to hear your thoughts on this? Especially would like to know what i've done wrong or missed? Is there anything i should be looking at in a moment like this?
NShort
by kayb100
2
BTCUSD BITCOIN SHORTING IDEAA SERIES OF LOWER HIGHS AND LOWER LOWS SINCE MID MARCH, FOLLOWING A DESCENDING TREND LINE. AN ACCEPTABLE TRADE WOULD BE TO WAIT FOR PRICE ACTION TO BOUNCE ONCE MORE FROM THE DESCENDING TREND LINE OR TO BREAK AND CLOSE THE OTHER SIDE OF SUPPORT AT AROUND 211.30. TARGET WOULD BE THE LOWS OF JANUARY AT 168.87. STOPS WOULD BE THE OTHER SIDE OF THE SUPPORT TURNED RESISTANCE OR THE DESCENDING TREND LINE. OF COURSE A BOUNCE OR REVERSAL IS POSSIBLE AT THE SUPPORT NEGATING THE SHORT TRADE. THIS IS MY FIRST LOOK AT BITCOIN SO PLEASE EXCUSE THE FACT I COULD BE ABSOLUTELY WRONG!
BShort
by tommyjones91
1