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BTC Trend Forecast 31/03 - UpdateOver the past two days, BTC has grown in value, but it seems unlikely for it to break the resistance around 7000$ yet. The RSI is trending up, however its increase looks likely to be just temporary, also considering how the MACD chart is setting. If BTC value (as well as RSI) will bounce again and continue its downtrend, it could be a sign of retracement. In that case, my previous analysis could hold and be a good predictor of BTC future behaviour. Otherwise, this could be the start of a more durable downward trend. What's your idea about it?
COINBASE:BTCUSD
by RollingBoat
BTC Trend Forecast 27/03 - UpdateYesterday BTC has showed a bearish behaviour, matching the pattern identified in my previous analysis (27/03). If this trend continues approximately over the course of the next week, it could be a sign of a retracement anticipating a following stronger bullish trend. According to my previous evaluation, entering a strong and supported bullish pattern would lead BTC value to recover from the significant decrease it experienced two weeks ago. Possibly, jumping back to february-ish ranges of value. Thanks for reading the update, what are your predictions about it? What do you think?
COINBASE:BTCUSD
by RollingBoat
3
HEAD AND SHOULDER UPDATEHello traders, this is an update on an idea published earlier this week. Price got rejected at previous support and we assumed the possibility of a head and shoulder pattern developing. We monitored price action at the right shoulder where we look for signs of rejection for the reversal to take 4 buy position. Our first position was 50 pips and the rest increased by 50. Target 1 for 50 pips, target 2 for 100, target 3 for 150 and awaiting our final for 200. If successful, we will accumulate 500 pips here. We have gotten 3 targets and now hoping for the 4th risk free. This pattern gave us a successful trade and I am happy I was able to share the idea for educational purposes. Have a plan, have a strategy, analize, be patient and execute. Traders should not predict the market but react from it. Trade smart, don’t gamble!
Long
by PipTips
1
EOS/BTC update.Hello Traders Today i am gonna be doing a quick update in EOS/BTC who is following exactly our trade points from last week. The price rejected the long term resistance line, and already made an pull back to these important support level and founded buying orders. Nothing more to do now! A long entry only above the Resistance line and short position if the price goes bellow this important support level. We can expect sideways moviment from now. Please push the like buttom and follow us on Tradingview.
by MarketMinds