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Sideways

New major trend is a sideways movementOn February 12, BTCUSD crossed the brown dashed trendline and it seems that the major downtrend ended. However, the new trend is not an uptrend, but a sideways movement. The price of Bitcoin is fluctuating around Pivot Point. An outbreak of this sideways movement can establish either a new uptrend or a continuation of the downtrend above the brown dashed trendline. Pivot Point is 8592. Below Pivot Point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
BITFINEX:BTCUSD
by luckyhelper
5
Bitcoin on the way to 7000 ?Hi Traders, my last Bitcoin Update called „Bitcoin will hit 8.100$ in 48 hours“ was on point. The low was made at 7960. You can see the sideways formation before the decline was set in motion. Look at the same formation now, chartanalysis is always about predicting the future from historic pattern because history always repeats but never in the same way. Okay, let´s get clear on this, a hourly close below 8.100$ will set a) 7370 and b) 7000 on the list. These are fibonacci extensions and are minimum targets, if price will extend it will hit 6420 and possibly even 6000$ soon! Stay aware of a further decline! **This analysis is not a investment recommendation. Do your research on your own!**
BITFINEX:BTCUSDShort
by Cryptox_
1
BCHUSDI'm seeing yet another horizontal channel here in the intermediate term but you can clearly see high lowers on an up trending RSI. In addition we have a bullish ascending triangle with intersecting resistance lines and two failed attempts at breaking that resistance line. If we can break here my immediate target is a retest of 2950. Ive been trading in and out of BCH as the largest portion of my portfolio at this point in time. Current entry is ~2300 with the goal of selling either a 30% or 50% tranche of the position in the 2900 range. I'm expecting this retest to occur over the next 72 hours. I should be able to tell where I will want to re-enter the position depending on how it reacts at the 2950 resistance mark.
COINBASE:BCHUSDLong
by pablosayed
2
How to benefit from AAPL trading sideways & make an easy 15% ROIThis idea zooms in on how AAPL is trading sideways and how you can still benefit from it. One can make 5% per trade if only going long (one can also go short of course). Three legs up equals 3 x 5% or 15% easy money. A straightforward way is to look at the CCI (Commodity Channel Index) in combination with the MACD. Important is to have a close look to the candles as well, as they signal what will happen next , especially at the bottoms and tops where you can buy/sell respectively. More on candle predictions in other posts! What does this graph tell us? It tells us, that short term, AAPL price will dip slightly, one can take advantage of this . What will happen after that, see my other post on AAPL. Best regards & hope you find some information in this post! Important PS: if you have a look at the AAPL graph zooming out as of 2008 , then you have a very long term trend channel. You can see that AAPL has broken this level (I can't find a way to go back for more than just a couple of months, instead of choosing the yearly time frame, otherwise I would visualise it). We see that AAPL breaks that trend channel. However, you see it struggling with keeping above that long term resistance. This is quite the red flag to take into account in any of your further analysis when thinking about whether AAPL is a buy or not!!
NASDAQ:AAPL
by A_Cryptastic_Mind
Possible BTC/USD breakout in the next daysThe BTC/USD pair is on a sideways market between the Short-term resistance and the Short-term double support . In the next hours or days the price may touch the nearest double support level at 13,100. The two scenarios are: A break out down this level: This may indicate further tumbles in the pair, possibly reaching the Long-term support. A bounce: The price may bounce and reach the nearest Short-term resistance level at 16,200 or even the next level at 19,700. Hoping for a price bounce! --- "If past history was all that is needed to play the game of money, the richest people would be librarians." -Warren Buffett
BITSTAMP:BTCUSDLong
by adelriosantiago