MokhtarSafir

MokhtarSafir

BITFINEX:BTCUSD in a big falling wedge. will it be broken soon?

MokhtarSafir

Based on BITFINEX:BTCUSD price action between 3700-3700. it has always spiked up. bulls need to defend the 3700$ otherwise we will see 3200$ in the next hours.

MokhtarSafir

BITFINEX:BTCUSD needs to break the 50 EMA which coincides with the 4250$ mark. After that, on the daily time frame, it should close above 50 EMA and would be better if it retested it as a support.

MokhtarSafir

Three top almost same value, it has retraced to the support around 144$ (Kraken exchange). if it is broken then a short position should be opened and stop loss should be as tight as possible. Do not let these crooks lured you, do not leverage too much.

MokhtarSafir

In case BITFINEX:BTCUSD break the support ( line in black), we will test the next support 200MA 3780$.

MokhtarSafir

On the 12H time frame, i think the 200MA will be tested in the coming hours. so target is 168$ (kraken) stop 149.5$

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Is ETH in a big cup and handel pattern ? I see 150$ as a key, strong resistance. if it is broken, that is the signal. Strategy: Wait until it broken then restested as a support for en entry. Next short term target which is 170$.

MokhtarSafir Updated 

ETH needs to close above the 50 EMA around 132.5$. would be great if it moves higher then comes back to test it as a support. if and only if it breaks it, close above it and restest it as support, Eth will go straight to 200$. I've already bought my ETH around 86$. The only issue is with BTC which is to me an indicator for the ovral trend, BTC is having hard...

MokhtarSafir Updated 

Triangle has broken down. I was hoping for it to go up. but, as they say hope is a bad strategy.

MokhtarSafir Updated 

On the the 1 hour time frame, If we manage to close above the 21 EMA and stay above it we will see green but there are a lot of resistance to be broken in order to say we are going up. trade safe. tight stop loss. dont be greedy, dont hodle.

MokhtarSafir Updated 

From a TA point of view, There is nothing holding it from going straight to zero. but we will have to stop in the supports listed below before going either way So, next support is at 3500$ if it does not hold we will go to test the 3170$ and eventually the 1900$ which is the lowest point we touched on july 2017. I've noticed something, based on the rsi, as soon...

MokhtarSafir Updated 

BTC repeating the same pattern which took us from 5600 to 4500. now, it is heading toward 3600$.