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Bitcouinusd

bitcoin short term buy??Hi Traders, I have Bitcoin on my radar today, It seems price has now rejected support for the second time, Price has now started moving away from the support and I love that it has created a minor resistance before breaking higher, I Want to see price come back into my support area before I will consider getting involved. We also have clean range to the left so If price takes off we should not have any difficulty for price to continue the push. This setup will have failed if price drops and continues dropping without any signs of stopping. If price continues straight to my target of 31351.75 I will not chase this trade. Let's remain patient and see what Price does. Renaldo Philander
BITSTAMP:BTCUSDLong
by Tradebudz
XRP/USDT Medium-term possibilitiesHello Traders, XRP/USDT is inside the long-term Downtrend Channel, but seems to be forming a ascending wedge witch is Bearish indication and we can test the support of that channel once again, But as we revert in the support we can be in direction to test the resistance of the channel, for now is time to be pacience and wait for more clear indications. Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
by MarketMinds
1
Bitcoin - trapped in a small triangle, it has to exit soonBitcoin is trapped in a small triangle, supported by an old trendline and the 200MA, and currently being rejected by a weeks-old resistance line. It is running out of space and a decision has to be made very soon. Also, the volume is dipping down again which indicates that buyers are still sitting on the sidelines waiting for a clear direction. At this point, it is obvious what will be considered "Clear Direction" a break above the white line means that old resistance has been broken, a break below the resistance line and 200MA means we are going down a lot. This is the clue here; If so many days go by and price can't clear resistance you close your trade and keep your money safe. Learn Technical Analysis in realtime, please hit like, follow me and leave a comment. So where are we stuck? As you can see in the 6H chart we are stuck around the 38% retracement point. Usually, this is not a place for long rests, but we have been here now for a few days, this would be a red flag for me. If I was going in for the short term I would pull out and wait for BTC at the 50% or 61.8% and place my trade there. This is the long term view, here you can see that we have been trapped between two moving averages, the 20MA in green and the 50MA in Orange. There are small clues pointing to a down move but nothing too clear, therefore always trade like a nervous cat, if anything looks out of place close the trade and move to safety. THE TREND: Going Down, we have not made a new higher high THE OUTLOOK: Expected to go down, surprising if it goes up.
by cryptoGats
8