The Chinese Yuan devaluation is now complete. The Chinese banksters realize the insiders can move money in and out of Bitcoin as a value store. A fake investigation of Chinese based Bitcoin exchanges covers the insiders asses while preserving this avenue for their future devaluation shenanigans. The result: No more margin trading (unless you use some other...
BTC has corrected back into some Gann and General Buying levels, This is a knife catch tight stops under $800.00 are recommended around $960.00 is the first target if it catches some momentum.
POLONIEX:BTCUSDT I am long bitcoin from 700 USD and I have trailed my stoploss everyday to 834. At this momemt I think it can easily rise up to 1000 USD but maby with some hiccups. I want to keep riding this train so I stop trailing my stoploss. From now I leave 1/2 my btc open with a stoploss @ 834 USD and 1/2 of my BTC open with buy order DASH @ 0.011687. I...
Price reached 600 level and probably we'll see reversal and following down movement. In spite of MACD rises and shows up movement, ADX falls and we don't have confirmation from DMI. If we have a bearish candle, it will be a signal for reversal from the resistance level with RSI confirmation. We'll have to wait when MACD reverses and starts falling. It will be a...
Price broke MA100 and the up trend was over. It's time to think about short trades because we have following arguments for this: - MA20 and MA50 fall and show down trend - DMI confirms down movement and trend conditions - RSI confirmed price reversal from MA20 - MACD gave a signal for opening short trades Place a pending order below 564 and stop above 587. Profit...
Price is near Moving Averages 100 on the daily chart and it is a good reversal level. We can think about short trades based on hourly charts. Here is 4H chart with trend market conditions. If price reverses from 600 level and MA50, we'll be able to open a short trade below 580. Stop order should be placed above the resistance level and profit target near the...
BITSTAMP:BTCUSD Bearish movement the price has until the end of the triangle to move down We are in a 4th wave formation and we know that the bitcoin behaves with quick movements, Stay Tuned
If we look at Moving Averages which rise and move far from each other, we can see trend market conditions. It is up trend and a possible entry level above Moving Average with period 50. But Bollinger Bands shows the period with low volatility and DMI confirms range market conditions. In such way we have to wait Bollinger Bands expansion which follows after...
Possible count for trend continuation pattern. Confirmation above (B). (See Linked Chart - Meant to post w/ sooner) *Note: - It is possible the triangle has further yet and could be wider than pictured.
Long position opportunity with BTCE:PPCBTC also with OBV Profile Trending Upwards Breakout approximately around beginning of 2017.
I expect Bitcoin to retest the .786 fib around 410 (even 390 is possible) creating a false breakdown from the wedge before fully breaking out. Of course the other scenario is that we break 430 within the next week with little resistance. I expect it to first test 630-670 once it breaks out.
Looking at the 2 week chart we can see a clear formation of a triple bottom. Such a pattern is used to predict the reversal of a prolonged downtrend. This whole month has been full of volatility so we may see more movement soon. I am remaining positive that we may see upward movement soon. Read more: themerkle.com
Again basic technical analysis. The wedge will probably bouce off the previous support again and fall. The SL is a bit above the previous structure.
We have one possible short position on the BITSTAMP:BTCUSD 1. If price touches the red area, check if there is divergence on either MACD or stoch . If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double- bottom / top or w/m pattern forming on 4H or 1H . Will demonstrate those patterns when the time comes. If...
FURTHER FROM MY PREVIOUS POST PRICE ACTION HAS REACHED THE DESCENDING TREND LINE ON THE DAILY CHART, ALTHOUGH THIS FORMS A HIGHER HIGH IN THE BEAR TREND OF THE LAST FEW WEEKS MY BIAS IS TOWARDS A SHORT (IN KEEPING WITH A BULLISH DOLLAR) I WILL BE LOOKING FOR A LIKELY REVERSAL AND A SHORT TRADE TARGETING THE SUPPORT AT THE 211 AREA.
Looks like we found a new support around $334 - I've got a long open since 310 and aiming to hold this position until 365. we've got a strong reversal about to happen but unsure where it'll lead us and how far up it'll go. I re-approached my positioning last night when the price was at 319 and I was still confident in my positioned unit. if we see the value of...
During the last weeks Bitcoin formed a big pennant from the beginning of June until now. After two weeks of large movement (20 may until 3 Juni) followed by a consolidation period of four months we note converging trend lines. The pennant that's formed is often followed by a breakout movement in the same direction as the initial large movement. It's the second...