Less and less volume + less and less bear momentum + RSI oversold Stoploss very tight in case of more sell volume. Stop profit at the firstr FIB retracement resistance.
If with make a zoom into the chart, we can find another possible bull signal . The neckline is placed at 185$ and after thatr I expect to be a pullback befor the continuation of the bull trend up to 218/220$
We need to pay attention now to this. There is no volume that support the previous $50 dump, taking other 50 dollar dump examples and I stronglly recommend to start open long-term positions if we reach $215 line. If we take a look in the past we can see the same figure but with a small size 6/07/2013, when the trend had changed from bearish to bullish an...
Continuation of my previous analysis of the bullish trend. 2 channels: - White one-> trading channel (Buy/sell) - Green one-> Hold channel Next resistance top ~@$165 The main channel with the normal prices is between the green lines of the green channel. Everything outside the main channel (the green one) is in a tradeable zone. As we saw previously...
In the next few days we can see a change of trend. If we take a look to the chart, we can see a clear bearish chart signal for the next few days: Shoulder-Head-Shoulder. Price nees to consolidate and as we can see right now it is overpriced because bullish forces can't push more than 38$ at this moment, that means that if people consider that prices as an...
Since we had the last big dump to 65's or so, we can find a little double-bottom that I hadn't took into account in my previous technical analysis (Sorry for that) and as we can observe, theres is a increasing minimun trend that could drive us to another 140$ prices. The thing is that Bitcoin market sometimes can have some anomalies (green and red arrows), as we...
AS we can see in the chart, there are 2 intersecting lines wich are corresponding to the maximuns and minimuns since the last breakdown, after they intersect, a short period of lateral market will follow and then will breakdown again to the value objective of 74/78$ range. When this event happens we will consider that we are very close to create the souble-bottom...
After today's breakdown to the 88$ bottom and considering the size of the little bullish trend after the minimum of 68$ of the previous days. The next days we could see the formation of a double bottom chart figure, an indicator of a bullish changing trend. So, previously, we would see the chart go down again to the 68$ as a bottom to finally rise again as a...
After today's breakdown to the 88$ bottom and considering the size of the little bullish trend after the minimum of 68$ of the previous days. The next days we could see the formation of a double bottom chart figure, an indicator of a bullish changing trend. So, previously, we would see the chart go down again to the 68$ as a bottom to finally rise again as a...