Bctusd
BULLISH & BEARISH STRATEGYAfter reaching our bearish target very fast, the pair should develop an important technical rebound. From a technical point of view, wave (C) should be considered a BUY OPPORTUNITY . If our analysis is still correct, this bullish movement should form at least two bullish sub-waves and a bearish sub-wave (simple abc structure).
If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
Neo H&S Formed, expect price to drop?Disclaimer - I'm a TA in the making, still learning and studying all day everyday. Expect mistakes and nooby errors in my charts.
The NEO chart is showing a possible trend reversal with a H&S formed, right shoulder broke down through the bullish trend line, then came back up to test the broke trend line and was rejected.
Experienced TA's, would love to hear your thoughts on this? Especially would like to know what i've done wrong or missed? Is there anything i should be looking at in a moment like this?
BTC USD Bitcoin should have been at it's highest point 28-7But with the split coming people took there money out at 2800, like you should have, and started shorting. Panic sell tomorrow? Or are you going to risk it?
BTCUSD BITCOIN SHORTING IDEAA SERIES OF LOWER HIGHS AND LOWER LOWS SINCE MID MARCH, FOLLOWING A DESCENDING TREND LINE. AN ACCEPTABLE TRADE WOULD BE TO WAIT FOR PRICE ACTION TO BOUNCE ONCE MORE FROM THE DESCENDING TREND LINE OR TO BREAK AND CLOSE THE OTHER SIDE OF SUPPORT AT AROUND 211.30. TARGET WOULD BE THE LOWS OF JANUARY AT 168.87. STOPS WOULD BE THE OTHER SIDE OF THE SUPPORT TURNED RESISTANCE OR THE DESCENDING TREND LINE.
OF COURSE A BOUNCE OR REVERSAL IS POSSIBLE AT THE SUPPORT NEGATING THE SHORT TRADE.
THIS IS MY FIRST LOOK AT BITCOIN SO PLEASE EXCUSE THE FACT I COULD BE ABSOLUTELY WRONG!
