As it stands Bitcoin looks weak. If you look on the longer time-frames. It looks pretty weak and within a channel. We feel it is due a correction which could tie in with the Bakkt Announcement. Buying rumour selling the news.
Every low are higher near S-support line and then rising impulse This move shows that price more likely in traingle pattern with S-support line. The BTC price is approaching to the end of pattern, I think, we will see culmination soon. More possible it will be ascending move. Near the end of traingle and near resistance zone 11200-12000 we need to see more...
Hello Traders, Update on BTC's recent developments, Points to consider, - Sharp advanced decline into pattern, - Key characteristic of a bear flag - Price is in a narrow range - Major support broken, support was in confluence with the .618 Fibonacci level - RSI recovering to neutral zone - Stoch's on downwards momentum - EMA's providing price resistance...
2017 was a hype's year. Market cap reached +$800 billions and for some reasons -$600 billions have been disappeared. ICO projects fails and scammed investors, Exchanges closed for anonymous reasons, Exchanges hacked, USDT (Tether USD) rates down to -$0.88 and other rumors in press. Do you remember the beginning of 2017? Ok, flashback with me. Binance didn't exist,...
I often wonder how much this actually matters, as an investor it is always good to keep an eye on the dominance, but does it actually stick to the technicals? Be interesting to see if it does. Other than trends, could we use it for even more data and a head start on our trading decisions...
With 1000 SMA on the support side, Its' Strong Support. Taking decision around there would be a good Idea.
Now consolidation is formed at the top of the range and it indicates the continuation of the long trend.
Now consolidation is formed at the top of the range and it indicates the continuation of the long trend.
Hourly chart for BTC USDT looking promising for the next few hours. Plan entries carefully as there might bit a 5%-6% drop before rebound. We have 40% chances to have a channel created between 13k and 9.3k. Optimistic outcome: 8%-10% Pessimistic outcome: -3.5%-4% Invest and share trading strategies with algorithmic trading : bitwolfcapital.com Medium Blog:...
There is a triangle here. Let's get some profit! Goodluck!
Looking at the Weekly Chart, I think we can see a potential resistance zone in yellow, we can see we bounced off the red zone, I think if we can clear the yellow zone and close above we could see some ray trace and bounce off the top of the yellow zone and go to the green zone. I am just following my old post and I hope I am right.
BTC has broken out again! Don't go clicking the buy button without hesitation, we need to surpass the PRZ (Potential Reversal Zone) derived from a previous resistance in order to guarantee an upwards trend within the pitchfork. There is also a possibility that it uses the PRZ as a resistance and uses the lower fork as a support. 3 Possibilites: 1. We surpass...
This market can make you rich is less than you might think! There will always be a risk with any kind of investment out there. Stop losses and look for new opportunities. Never but never stay with the same mindset. We all traders invest our money depending on our beliefs. We won't be always right; however, when we are right, it pays off any effort we've made.
you can see on chart. trader cashing now out. btc will see 8600-8990$, optimum range before pump up tp 15k. alts can gain in coming weeks.
BTC PRICE MOVEMENT - WEDGE PATTERNS Once the wedge pattern completes, the Rising wedge that follows provides evidence for an increasing rate of buyers surpassing the increase in rate of sellers. We have two potential reversal zones. If the price breaks the first wedge, then the price will break support. If it uses the wedge as a support, then we have a firm...