Setting up for BITCOINS next move.Bitcoin is currently at a critical point, waiting to make a break in either direction.
LONG - when the price pushes up above the resistance zone. Look for retest and candle analysis upon entry. 7600 target.
SHORT - wait for break in trend. Look for entries in resistance zone. 5950 target.
Bitcoin-usd
BTC/USD Analysis by EduardCAHello friends!
For now Bitcoin's trend is bullish. Return to levels above $6,400 could pave the way for a rally past $6,500 while targeting $7,000.
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SP 500 Monthly TF AnalysisAt recent crash, SP500 index found it's first support and %10 bounced at Fibonacci 0.618 extension level of last decade. It wouldn't be much surprising if 1.618 level will try to hold with all that old price action area nearby and the purple potantial support. RSI still has a room to say oversold, check the green boxes at RSI. I'll be monitoring well dipped stocks besides tourism industry which is too early for me to rely on yet.
Golden cross patterns on BTC/USDClear what the past is telling us on this chart, looking at the golden cross patterns on the daily chart for Bitcoin/USD.
With only a couple of month to the halving Bitcoin clearly is looking bullish in the chart, let's find out how It will react in the upcoming months.
Charts are for personal reference, and not financial advice!
UPDATE - Can We Get A Close Above & Find Support on $0.1877?The Bulls couldn't close IOTA above a major resistance of $0.1877. If we find support on the top trendline then there may be a chance to challenge the resistance again and take this coin to $0.22 as the first target. BITCOIN price and the next day candle for IOTA will tell us where this coin is heading. RSI is not overbought which supports upward movement.
IOTA - Can We Get A Close Above & Find Support on $0.1877?I have been following IOTA for weeks now and entered at $0.157. This coin has a high tendency to get to $0.22 as the first target, and $0.3 as a final target before seeing a retracement or if BTC price does not come down because it basically affects altcoins.
What do you think? Your analysis are welcome.