The current BTC price is stable after the significant fall yesterday. If you saw my previous chart, that move was predicted. The market moves sideways at the moment and formed the wedge pattern. There are two key trendlines that act as dynamic support and resistance levels. I will await the market to breakout one of the trendlines and if it will be the valid...
after that previous drop down price is consolidating & preparing for the next bloody down move so this is not a buy zone wait for 7k down to 6 or 5k that will be the zone you don't want to miss :) (same for rest of altcoin i think should not buy now wait for cheaper .
Note that on a candlestick chart the price has already touched the $5857 level but I still expect BTC to come down one more time to retest it and give a bottoming formation which will most likely trigger the upside move. My personal details: Long @ Entry: $4632-$5857, SL: $3210, TP: $10000 For risk and money management purposes, always determine a max. of 2%...
Here is what i believe to be the 2 scenarios for BTC Read the yellow text in the chart for explanation on the 2 counts Bullish Scenario is Green (Impulse) + Yellow (Correction) Bearish Scenario is Red (Impulse) + Pink (Correction)
This is what I am looking for short term. An other view doesn't make sense for me right now. But I will only enter in a clear up-trend, because of the low volume and risky situation. Also I am watching for divergence in the daily chart. If there isn't one, then it would mean we will go down very far. But let's see. I wait for clear signs and it will be exciting...
Bitcoin seems to be in its final and fifth wave down. Since this is no longer a correction, but a bearish downwards momentum, the fifth wave of the Elliott wave principle in combination with fibonacci, dictate that the bitcoin price could go as low as 3k. -At this point, the RSI is oversold, a retracement will happen in the upcoming days (also based on...
It seems that market demanded symmetry and wanted to bring down the price to 17h of January's level - completing inv HS formation. The price also touched downtrend line from $19k in linear scale.
Bitcoin should be going up in 2-3 days to complete its ascending triangle. Resistance is shown too. Trend is bullish i suppose.
www.saltlending.com SALT lets you leverage your blockchain assets to secure cash loans. We make it easy to get money without having to sell your favorite investment. know that this is going to be a successful crypto project and is one of recommended holds back in early December when it was priced at its lowest against BTC and the US Dollar link to tweet:...
The price of bitcoin has mainly shrugged off the bearish news from the U.S. where the SEC shows signs of ramping up pressure on the ICO market. On Wednesday, the regulator issued scores of subpoenas and information requests to ICO-related companies. BTCUSD retraced following the report, but managed to keep above the key $10,000 mark and regained the bullish bias,...
I seems some recovery from correction forming short term buying opportunity. On weekly chart BTC is in pretty strong bullish. In last three weeks price reverting to ist mean 11500 USD where are both ichimoku lines and supply zone. Its good opportunity to take long position with target 14 280 USD ans stop Loss 9 188 USD.
Litecoin was in the last few days one of the fastest growing cryptocurrencies. But now the volume is very low and it seems like it could fall down to its previous levels. At the moment the bulls need to show their strength, otherwise we could see bears taking it down. Bitcoin is growing at the moment and this is the last chance for Litecoin in our opinion....
Current move seems to end this few days lasting correction of most probably wave nr 4, counting from $6k. With strong impetus we came back above long trend line ($3k - $5.4k) which can be a possible resistance for currently forming wave 2 of today's impulse. Second attack on confirmation of ATH-down trend reversal is highly possible. If it happens then highs of...