The past patterns don't have to repeat themselves, but think this looks somewhat similar to IOTA in September. A further drop of 60% would be harsh, but if people are seeing $BTC to drop back to 4k. IOTA dropping another 60% isn't that impossible.
Back when we hit 6k, that was considered our resistance level. we bounced right off and uptrended back up. Now we face another down trend and seems we will be testing that 6k resistance again. if BTC/USDT breaks that resistance level, it should be our confirmation for around 5.3k-5.5k resistance. Then we will be done with our downtrend.
BTC did not manage to break through the downtrend line at 11,700 or 10,900. So we are still in a bearish trend. MACD has started curling down as well. The question now is, will it drop to 8k, 7k or 6k? In my opinion 7k is more likely by looking at the trend line in the MACD. Would be a great chance to stock up. These are just my opinion based on what I see....
Hello my favorite traders ;) I will be honest with you, BTC will keep going down for few days. You want to know what to buy ? I will be honest again with you. Usually, when BTC drop, the alts drop too. When BTC goes up, the alts goes up too. But, usually the alts gain more profit than BTC. Thus, we will buy BTC at its lowest. After, we will buy alts. I love...
ADABTC Very simple chart here. The key feature if the chart is the descending triangle, with lower highs (Light blue Line), and the same lows (Black line). Price is testing the lows at present and a break here would provide you the ability to short if your holding. If you look on an Hourly, 4 Hourly or Daily Chart for a bar to break the black line, and then...
Happy(or not?) Moooonday everyone! Hope your weekend went well! Unfortunately Bitcoin's hangover is not responding to fluids, aspirin, or even greasy food like mine did. Guess all the traders in Philly sold before they went to flip cars and climb light poles. No disrespect to Philly though, its my hometown(go Eagles yipeee!!) and it was a great game... But I...
BITFINEX:BTCUSD looking like going down before rising to new highs, CME contracts also expire soon so I would put a target as 8800. The chart is easy to understand, so let's wait and see what will happen.
Litecoin will make price correction down to 150-160. Dont rebuy at high levels. Have a nice day guys.
The bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region. I recommend you [ b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing . Don't...
WTI Crude / H4 / Market Continuations / Easy Drop Let's get down to it. WTI Crude is forming a nice setup known as "Reverse Opportunities" and if you wish to see my last setup like this then check my GBP/USD charting which should be attached below. The market continuation sell entry is rather early and I prefer something much closer to my reflective charting....
Red line is bottom out around $46 support, most likely to stop at $49.50 by October 6th-8th
GBPUSD Price is testing an important zone if U.K has hung parliament price can drop all the way down to 1.24
USDMXN PESO WILL RETURN UNDER 20.000