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Exmo

An updated look at bitcoin.#XBT #Bitmex Medium-term decline in bitcoin and a breakdown of the psychological mark of $ 9,000. Over the past couple of weeks, we have formed a decent amount of strong support levels in the region of $ 9000-9500. Everyone who trades globally and medium-term holds such good stops in this area, and already these stops can simply provoke an almost vertical collapse by inertia and I see the level of $ 8500-8300 as the main sane stop. From the point of view of the fundamental. The news about Bakkt was local in nature, and in general about futures and ETFs, I wrote for a long time that their liquidity and meaningfulness for the market is a very big question. Locally, it is possible to grow a little more to $ 10500-10700, but the overall mood remains negative.
BITMEX:BTCUSD.PShort
by IgorPorokh
4
LTC - The “Cup With a Handle” Technical Analysis FigureLTC - The “Cup With a Handle” Technical Analysis Figure The classic pattern on the daily timeframe. Have you seen it? Mastering the pattern is very possible before the "halving" process! The Truth of the figure consists of numerous important positions, which cannot be ignored. Conditions are following: 1. The promising uptrend is needed to start the formation of the figure. There is no point in hope for the formation of the price chart without a trend. Even if you'll find a perfect "Cup with a handle" drawing, it will be just a picture, which means nothing. 2. The depth of the forming "cup" should not exceed 2/3 of the previous uptrend height. The optimal choice is 1/3 - 2/3 of this value. 3. The depth of the “handle” should not exceed 0.5 times the depth of the “cup”. 4. The “Cup with the handle” is called to be the most reliable pattern on the daily or weekly time frames. It can also be seen on the hourly charts, but here the probability of its work is extremely lower. 5. The “Cup with handle” pattern should be confirmed by volume indicators. When the price moves in the direction of an uptrend - volumes should grow, and it should fall at its decline. The sharp surge in volume should accompany at the moment of breaking through the price level at the formation of the figure completion. The conclusion: All of the rules above are true. Please, pay attention to the Stop Loss on the level of 0.014. Buy - after the breakdown level at a price: 0.017. Record profits - about 0.030.
by EXMO