Could Bitcoin repeat the previous pattern, brake the trend-line and and go to the moon!?!? :) Q3 2017 -> 10k$-15k$ Q2 2018 -> 30k$-50k$ ???
One analyst opined that the recent 28% fluctuation in Bitcoin's price basically invalidated the cryptocurrency as a store of value. If that were true, as this chart shows, most of the world's money would be likewise invalidated. It goes without saying that there are plenty of other currencies that experience much MORE volatility than those shown here. Bitcoin may...
BTCUSD Waiting for MY Support and Resistance levels. If trend breaks up or down, follow them! www.tradingview.com
Buy BTC after breaking upper resistance! 4000 target +++
I think it will either dump out if the light green triangle or it'll break out of it upwards,
Bitcoin is showing a strong uptrend and is forming a bullish pennant. It could move up by a lot soon but be careful, it is also prone to dumping. The entry point in case of a breakout would be $2580.
My previous plot was very accurate: I have a bad information for people investing in BTCUSD... there is still lots of room for BITCOIN to fall! Please have a look at the oscillators at the bottom of the page. There are also other reason why I see BTC to move down. I have cached out yesterday when price was ~2400$ Please check my other plots for crypto's God...
In my opinion BTCUSD is going to move down, 0.618 or 0.5 fibo is possible. Please pay attention to the oscillators at the bottom of the plot. "!" marks indicate places where price moved down to be supported by the green EMA line. Please check my other predictions of cryptocurrencies , ETHUSD:
If this is a valid circ, $2500 may be a target to watch
Looks like we're in a bearish channel, possibly finding support at 1100 (38.2% fib retrace of previous major low at end of March) or 1060 (50% fib retrace). Should bounce off support back to 1200 or 1220 previous resistance areas by last week of April.
When calculating position sizing just use this formula Position Sizing (XBT) = Amount to risk in dollars (% total trading capital)/Stop loss distance in dollars. Do not risk more than 2% of your capital trading
There could be a major upside to buying Monero now.
The chart speaks for itself. Momentum won't hold. RSI very oversold. I expect a drop so long again at 6888 (China's magic number). Breakout at 8000 in about three weeks to retest all time highs. PATIENCE!