Bitcoin seems to be giving in earlier than expected. At this point volume is crucial. if we fail to find support around $1000 or come off $1000 but fail to breach $1024, then the selloff is very much on the table.
Bitcoin has managed to find it way back into the 1020-1030 range but this hasn't been met with any buy-side interest. Could we potentially breakdown into a substantial dip?
Bitcoin broke the A-wave selloff level, signalling that we aren't done with higher prices quite yet. However, volume is peeling off and we are still trading the RED band, meaning that the sell-side cant be ruled out quite yet.
Bitcoin broke the A-wave selloff level, signalling that we aren't done with higher prices quite yet. However, volume is peeling off and we are still trading the RED band, meaning that the sell-side cant be ruled out quite yet.
Buyer have been met with very serious sellers at the top of the red price-band. Could this be the start of major sell side momentum? Or could we get one last test of the highs before we dip
Bitcoin is now in its final inning, short sellers have to decide if this is it or not.
We feel its practically now or never. Share some your opinion on where BTC could be headed.
The yen seems to be losing steam, and the dollar seems to be setting up for a surprise play of strength. We have bounce pretty strongly off a 38.2 retracement level which seems like a solid set-up for more bullish momentum, however, the volume hasn't really been there to support it. As a result, we could either continue to make our way towards the resistance line...
The dollar looks to be looking bullish. We have already began to pick up, and could continue, however, we may get one final dip before we are ready to go.
Crude has been trading the $50-$55 range for over a month so breaking $50 would be a big deal. If we do, i think $46 could be our next stop, followed by a retracement and then a dip down to test $43
Bitcoin has managed to find it way back into the 1020-1030 range but this hasn't been met with any buy-side interest. Could we potentially breakdown into a substantial dip?
Bitcoin has had a great run into 2017, followed by a massive selloff. Now it looks like buying momentum is once again taking over the market but I think the market is currently is a mass consolidation. What's your take?
We are currently in a definitive price range. The public seems to be feeling very optimistic about the price of BTC, but I think we are going to top-out and dip back below $1000. potentially $800-$900 medium term.