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BTC Don't Get Tricked Thinking That Correction Is OverIn the last two days we saw BTC and other cryptos rise up in price. If you are new in this space, some of you are probably thinking that btc is done with correction and it's going up. While this is not totally out of the question, as it could still surprise us with setting new highs. I've been in this space for almost 4 years now and would be VERY surprised if price would indicate that a correction is done. Anyway, everything points out that we are doing an ABC correction, where we've just finished a B wave, almost touching a 3.0 fib extension level ($53023) and are most likely going for another scary leg down which should take us a little deeper than A wave. Be prepared for very negative news, whatever will be sad, don't lose sight of a bigger picture. I am not a financial advisor so don't buy anything that a say. Wish you all successful investment. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by AVA37
6
XRP Don't Miss Last Ultra Cheap PricesBITSTAMP:XRPUSD We are once again approaching to a 0.5 fib. retracement level ($0.54), extended between this months high and low. It is very likely that we may climb a little higher just to poke a 0.618 fib retr. level ($0.60) a few times and then go down to finally complete an ABC correction. What i am trying to say is that, while those last dumps may look very scary, don't be. Instead, be greedy when others are fearful, and try to look at them as a very last great buying opportunity. I've highlited those areas (Yellow and green) where prices could reach in a short term and then reverse. Reaching to a green area is very unlikely but it may just go that far. That is not to say that we may climp and go for a complete blow of top, that is why a peronaly would not short any xrp as it may just explode and not go for an abc correction.
BITSTAMP:XRPUSDShort
by AVA37
1
Chainlink make a reversion of the price!!! Short PositionAt the moment, looking the H4 and H8 timeframe, both timeframes show bearish sentiment for Chainlink and that it's a possible liquidation and reversal of the trend. Now, looking the chart in H4 timeframe, we see that the price action speaks us that we would need to sell Chainlink toward the $12 dollars again find down the same trend support line. So guys, I entry in the market price around of $13.51 USD with a SL at $14.17 USD and my target profit will be $12 dollars. Good luck in this short position toward the $12 USD, and maybe we could to entry in bought approximately at $12 dollars. But now, if we enfocous more in H8, Chainlink was formed at the same chartist apttern ABC, maybe this it's a consequence of stability that Chainlink make and that could be a possible consolidation, but a consolidation that we can to get an extra benefit. So, I reccomend to closed up manually the long position on Chainlink now!!!
COINBASE:LINKUSDShort
by harisonhbn9718
Overview: Perspective for bearish scenario!!!Hello guys, in this overview, I want to include a strategy to sell Bitcoin when Bitcoin reach up the $19k level. In that psycological zone, we would need to take decision. So, I did analyze the 3 Daily chart and we touch this red zone in the RSI, that indicate sell inminent. Lets me to explain you that: creating this function, I see that in the pass when in hte end of the bull rally on 2017 that was a important point in the RSI and price action near of $20,000 USD. As a second time Bitcoin touch the highly point in the RSI indicate sell that I remember in June 2019 that Bitcoin was around of $13,800 USD near of $14,000 USD, we have a correction ending the year 2019 with a cotization of $7,200 USD in December 2019. I remember that thing when Bitcoin make this correction in the past year. And right now, we are in the same time to sell Bitcoin touching as third time, a inminent sell that we would need to see in Bitcoin. Now in he weekly timeframe, we see the same situatin just using this timeframe and using the RSI to modify the points key, so, I see that we turn to bearish in the next days, just we would need to have a good decision to shorting Bitcoin, and also including the market hunters and manipulations that whales and institutionals make for traders amateurs to will be liquidated. That thing we would need in our hand if in case that Bitcoin it's above of $20,000 USD and break up this mark, we would see in any case possibile hunters here to bear scenario. But looking in my perspective. we have 2 correction if you apply the Fibonacci using the 0.382% and 0.618%. The value are $16,150 USD and $13,800 USD approimately looking these level to bought Bitcoin for discount. now, remember that I'm in the trade in long time and I say you that maybe Bitcoin it's go back to the $19,500 USD and it's happen right now, the price in this moment it's around of $18,800 USD and we're in profit in Bitcoin and Ethereum. So, I hope that Bitcoin it's touch my target profit at $19,500 USD and later that Bitcoin make it. I will going to hope the Daily's candlestick to know where Bitcoin it's going on. And also, the Daily chart it's important for this case. So, I will still alert on the $19k levels if Bitcoin make any manipulation or good entry to shorting in these levels. So guys, if you like this idea and plan, please get me a like,share this analysis with your friends, traders or people enghusiastic in the trading of cryptocurrency
COINBASE:BTCUSDShort
by harisonhbn9718