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Indecisive

BTC (Bull Trap)BTC first rejection on fib 0.786 (47264.39) resistance. i would expect some retracement towards 45954.34 again to retest the support before another attempt to break resistance fib 0.786 (47264.39). The bullish price action started from 21 Dec till 27 Dec forming the HNS pattern with a double top. It's clearly a bull trap and bearish pattern. in order to not be tricked and to have a strong confirmation on trend reversal. BTC has to break above 52K key resistance. BTC 1H
by Cryptoblooming
Strategical position for ETHOIn this highlighted zone on the chart we can see a number of clear candle patterns that indicates push in price expected further along . Not only that, but also recent RSI inactivity tells us that you can strongly expect price changes, because of the whole market conditions (bitcoin up to 41k) supports this move up in a day or two. If you look closely to the volumes, you can additionally see some insights on what's going to happen. All of these factors, in my opinion, make this a perfect position to go in ETHO and trade. Layed out some TP/SL, but these are mainly for your own decision-making.
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by willduboys
Bitcoin - Currently IndecisiveAt the moment on the Bittrex 4 hour chart Bitcoin is looking Indecisive. Short term, the price of Bitcoin can move in either direction. I'm still holding cash looking for a trade opportunity with less risk. As I mentioned in my last posting, I took some short term profits in some of my altcoin trades. I still feel we need a short term corrective price move into the range of $7800 for Bitcoin to regather strength after Bitcoin's last impulse move up. Altcoins tend to over react to Bitcoin price moves either up or down. So I plan to take advantage of that and will reload some of my short term trades in my favorite altcoins such Lumens XLM, Cardano ADA, Verge XVG, Golem GNT, and etc. Until I see Bitcoin either make that short term retrace to $7800 or move decisively past the current resistance range of $9500 the risk is too high. I've chosen to hold on and be patient with regard to opening any new trades. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
Long
by 6Shooter