After a pump from 7100 to 7900, price has been dropping, right now price is 7150, if 7100 is broken, which is most probably scenario, then 6k will be displayed for a few days.
As previously discussed, 200EMA is so far away, minning costs for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an...
As we head into December, We can see that the major drops I had predicted since November 14th has occured.
Bitcoin is currently fighting to stay above the major Support line that developed back in march of this year 2019 when Bitcoin had the golden cross and rallied to 13k zone.
This support line is set to break as we are no where near the end of our...
cointelegraph.com
Fundamental analysis plays a key role in this scenario, which supports the idea about futher price crash since most of BTC traders are from China.
www.investopedia.com
for the aud nzd i see more short continuation after this nice drop ...now i want to see some pullback into the previous support level finding supply slightly above it to give me a opportunity to join the bears
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A very obvious trade setup has formed here. After its initial correction, XRP has consolidated above its previous support, made a rally attempt but failed to move higher and got rejected by the 20MA thus making a lower high . We can see that the price has returned to the previous support, held it for a couple of days but then went below it. So far we...
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ABCD triangle on Coinbase:BTCUSD weekly chart first and second retest occurred within 105 days of each other, if history repeats itself Bitcoin appears to be 70 days away from a further decline to $7800
However, Coinbase:BTCUSD could make a break to the upside testing HUGE Resistance at $9,500
Just an idea -
- similar chart pattern
- rsi looks similar to the last yellow elipse
- alts looking good to rise in near future.
All that could pump us to a new high.
BUT, this is just an idea, because the yellow elipses look similar thought, but the first one is at a "bottom", the second is on a "top", so that means that we have different situations. We may...
If bitcoin price continues to follow down the thick yellow rings and we drop below red ring with red arrow pointing to it then expect a big drop. Two rings back we had a drop when we crossed white ring from the same fib circle and broke support of red ring. Same thing could play out again if drop below last red ring. Longs are stacked while shorts have dropped...
It is highly possible that NTES can go much higher, especially in a longer-term, but from another, bit short term perspective, it is to expect some future drop.
My play is to buy, but S/L will be at 281 level. If the price goes below the same level my play will be buy as well but with a 2:7 R/R
On the Weekly chart, the CAD has been progressively falling against the CHF from around 11 SEP 2017 in a choppy but progressive manner. The bearish resistance trend line has been a strong point throughout this time and hasn't been broken in a strong manner. Moving towards the daily chart, price has recently rejected the swing high of the resistance trendline and...
Update:
Gold now broke the support line @1484.
I will now retrace. Maybe we can see 1484 again. But finally after that it will make a big drop
Target will be 1430-1420
Hmmmmmm! So, I was charting and thinking... Is it possible - considering the difficult time the S&P is having breaking through the long term up trend - that it simply stays in an ascending channel underneath the trend until it reaches the all time highs, and then DROPS like a ROCK? I think it's entirely possible. Until (or IF) the up trend is broken through, I'm...
