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CHOP

Chop Chop Chapootey, I am coming for that BTC bootayIn my opinion, the area between 7800-7250 is a chop zone. There appear to be events on the market which cause these huge dumps and subsequent pumps. Tinfoil hat time, but someone (or something, ooooo) is accumulating a lot of BTC. That being said, trading in this range is essentially a gamble in my opinion. For now, I am staying flat and waiting to see what the market will do either at the 7800 range, which is a decent resistance level with previous support and 2 FIB lvls, or the 7250 area, the average of previous 2 lows. Doing good trading does not mean doing EVERY trade.
BITMEX:BTCUSD.P
by CryptoPixel
Bitcoin at an Important Short Term Cross RoadUp until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we have a series of 1H 2H 4H and 1D Bollinger Band Squeeze on the Bitcoin chart which indicate that Bitcoin will strongly move in one direction. Both bear and bull directions are depicted on the chart. If you have not been trading Bitcoin for several weeks now well now is the time to watch for the big move that will unfold in the next few hours and buy/long or sell/short the breakout accordingly. In case of a strong move down and increased volatility Bitcoin could still head to $560-570 to double bottom. Other indicators and factors to consider: $660 support has held strongly so far The 1W RSI megabull trend is still holding strong We have 2 ascending triangle as shown on the chart (kind of a failover just like we had at the 400s The 1D and 1W momentum are still bullish showing that the longterm bulltrend is still intact Google trends shows an expected interest calm which is usual after the strong interest surge of the last spike from $450 to $790: prntscr.com Longterm: Bitcoin is still in a bull market and should reach $950-1000 USD by end of September and new highs close to December 2016- January 2017 I am here to help. Feel free to ask me questions or Private Message me directly. Also follow me on Twitter: twitter.com Also check out our new website in our profile (still work in progress!) Where can I register and buy/sell/trade Bitcoin? Bitfinex Signup: www.bitfinex.com (0.2-0.1% fees - Accepts Worldwide users – If you deposit BTC to the account you can trade without needing verification!) Okcoin Signup: www.okcoin.com (Very low fees and offers 10x 20x leverage - Accepts Worldwide users except US residents – If you are a US resident you can always take the risk and open an account but remember the fake ID # you will put in there) SimpleFX Signup: simplefx.com (High leverage - Accepts Worldwide users) Circle Signup: www.circle.com (US & UK Residents Only) Coinbase Signup: www.coinbase.com (Accepts Worldwide Residents) BitMEX Signup: www.bitmex.com (Offers 50x leverage - Accepts Worldwide Residents) If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month! If it is your first time trading Bitcoin I highly suggest to open an account with Bitfinex and Okcoin.com. if you need help trading I will help you out :)
BITFINEX:BTCUSDLong
by BitcoinGuru
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