Right now we are sitting on a very intresting turn. RSI (4h) is very bullish atleast short term and the pattern formed is straight Bear. Right now it very hard to pridict what is going to happen. In my opinion even if we have a drop it must not drop 3100-3200, as 4h RSI will break the chart in hat case. lolx. But intrestingly daily RSI has a lot of space for drop...
The price of Litecoin has been moving in tandem with Bitcoin (just with more volatility) lately, which makes it an especially juicy option for shorts/longs depending on which direction you think Bitcoin is going in (i.e., if you think Bitcoin is going long, you definitely want to long Litecoin; if you think it’s going to drop, you definitely want to short...
I am predicting it will reach the green box by the price and date shown.
I am predicting it will drop down to the red area shown, then rebound upwards to the green area. It will procede to go thru the green area and peak anytime between August 31st - September 2nd. IF it does not drop down to the red area, it will continue on a steady path upwards to the green area.
On the Bitcoin Price Chart, we can see that momentum is getting slower and slower. A double top is getting formed as well as an Engulfing Candlestick. All these conditions are a signal of strong sell. I will predict where this future bear trend will end in a future chart.
Still a lot of bullish breakouts on the trend channel but can we go though $6800 and find support upon that level? Only time will tell.
Given the weighting of mean period volatility, the bearish expansion of probability volatility, and rejection from institutional benchmarks, a sustained downtrend is now probable. A short entry from this current price is an excellent idea. Set a stop loss above 7000. This trade has over a 6 to 1 profit ratio. Use this trade as a hedge, a longer term position...
Context: Since the beginning of August, the price of Bitcoin is consolidating in a range defined by a key support(green zone). *Note that the bottom of the support zone is defined by the 78.60% fib retracement level of the December 2017 Bull Run. Opportunity: The consolidation can be also seen as an accumulation. This accumulation can lead into drastic price...
It should be no secret to anyone that the price of Ethereum got absolutely throttled over the last few days. Let’s check out some of the carnage below: Although, things shouldn’t be considered all gloom and doom because that $280 support zone held itself religiously (with the exception of a short-term sell off one day that brought the price all the way down...
After roughly a 1000% run from its ascending triangle back in Dec 17 - Jan 18, BITFINEX:XRPUSD now seems to be dying a painful death to those who haven't looked at it well enough. Bitbloxx however does not believe in letting such opportunities slip. After thoroughly analyzing the historic chart, we came up with the following technical observations: 1. $0.32...
I could be wrong, so don't burn me at the stake - but here is what I see: If you’re looking at the 1D chart for Bitcoin, this is what you’ll see (at the time of writing). The downtrend resistance from March's high of $11.5k is still alive and thriving at this moment in time. Specifically, this zone is between $6.18k and $6.5k (approx.) Currently, it...
1. Watch price at the .618 fib level area 2. Wait for the buyers to show interest (momentum) if going long 3. Wait for price to show you that it is holding at this level 4. Wait for 4H and below timeframe chart to be on same page (long) 5. Make sure to implement good risk/reward 6. Don't risk more than 2% of trading capital on trade if traded Cheers!
Bitcoin's bullish sentiment has faded and although the bears are exhausted identified by the daily bullish divergence that occurred on the double bottom, the bulls have not been able to show true strength and take advantage of this moment, in this image I have made all of the supports green the bigger supports a thicker green bar. The price objective of the light...
If you get benefit then please Like/Follow the post . Rsi must have to come down in order for bitcoin to jump further high... with RSI this high its very difficult for bull to maintain power....As we can see that right now RSI is very sensitive to price movements, it must get rid of this, which is an indication that either we will be moving sideways for a day or...
All signals point to 5800 being our next level of support. We've broken down hard through the rising wedge and have broken through our last fib retracement level. If we break 5800 my next target will be 5450. Currenlty enjoying a short position from 6720 and stop lowered to 6250.
There is a price compression, and if you look at the RSI it's right in the middle, so a buy or sell trend will start
Bitcoin Cash Has Been A Favorite Of Mine To Trade In Recent Weeks, Now We Are Getting To The Point Where The Market Is Trying To Decide What Direction To Go. Highlight In Green Is Our Bullish Ascending Triangle, Bitcoin Cash Will Have To Decide What Way It Wants To Go As It Draws Closer To The Apex. A Break Up Will See Our First Target Reached Fairly Quickly,...
Coming to a close on this banana split formation on the weekly. buy range 7300-7700. If we break below 7200 We'll have broken out of our 3 year parabolic log trend. That means we could enter a very long bear market. Can we #SaveBitcoin?