BTC short signal
Updated
Since December 17th 2017 BTC was unable to print more than consecutive green candles in the charts. Actually BTC is printing a reveral pattern wich might be completed by next trading days downside candle.
Short term risk a downmove wich might end in another bottem building pattern.
Short term risk a downmove wich might end in another bottem building pattern.
Trade active
BTC @ 8.665 - News: Bitcoin falls back below $9,000 after Japan adds to regulatory uncertainty
The cryptocurrency hit a low of $8,495.10 and was trading 3 percent lower near $8,600 as of 11:42 a.m. ET, according to CoinDesk's bitcoin price index.
Japan's Financial Services Agency plans to issue a warning against Hong Kong-based cryptocurrency exchange Binance for operating in the country without registration, Reuters reported Thursday, citing a source familiar with the matter.
"We are in constructive dialog with Japan FSA, and have not received any mandates," Binance CEO Changpeng Zhao said in a tweet. cnbc.com/2018/03/22/bitcoin-falls-back-below-9000-after-japan-adds-to-regulatory-uncertainty.html
Trade active
BTC @ 8.420: Reversal Pattern confirmed - more downsidepotential likely. BTC is following stockmarkets again. Trade active
BTC @ 8.640: UNCH - Reversal Pattern confirmed - more downsidepotential likely. BTC is following stockmarkets againTrade active
BTC @ 8.400: UNCH - Reversal Pattern confirmed - more downsidepotential likely. BTC is following stockmarkets again.UNCH - Reversal Pattern confirmed - more downsidepotential likely. BTC is following stockmarkets again
Note
Trade closed manually
BTC @ 8.370: Trade closed - actually no downsidemomentum. Next move likely to show upsidemomentum.BTC short:
Opened @ 8.560
Closed @ 8.370
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net gain 190 USD
Trade closed manually
BTC @ 8,1k: Downsidemontum is back. BTC could drop to 7,4k.Trade active
BTC @ 7,9k: Bitcoin falls 7 percent to below $8,000 after Twitter announces ban on cryptocurrency ads Bitcoin fell 7 percent Monday, below $8,000.
Prices moved lower after Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook's crackdown that aims to protect investors from fraud.
The digital currency is down more than 42 percent year-to-date after starting this year above $13,000. cnbc.com/2018/03/26/bitcoin-falls-7-percent-to-below-8000-after-twitter-bans-cryptocurrency-ads.html
Trade closed manually
Negative News: Cryptocurrency litecoin falls 10% after payments processor 'LitePay' closes; 'We got too excited,' coin founder says Litecoin traded roughly 10 percent lower near $145 as of 4:08 p.m. ET, according to CoinMarketCap.
On Monday, the Litecoin Foundation, a nonprofit for advancing litecoin and an investor in LitePay, said on its website that LitePay CEO Kenneth Asare informed the organization a "couple days ago" that "he has ceased all operations and is preparing to sell the company."
"I am sorry for having hyped up this company and vow to do better due diligence in the future," litecoin creator Charlie Lee said in a tweet. cnbc.com/2018/03/26/cryptocurrency-litecoin-falls-after-process
Note
Trade is Closed and not active as written above.Trade active
Trade is active now again. BTC broke second last supportline. Momentum is comming back:(please click on the chart to load facts & figures)
Next days to watch: Will momentum accelerate or might be fading and keep BTC above the downtrendline.
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