BIT
VRC BTC POLONIEXUnder lower volume conditions and a slight upswing in BTC Prices vs the USD in the past 24 hours, it is possible V R C has reached a settled price range of 6k-6200. I would expect, that under these conditions that market makers will try to break the green bottom trend line with a push to weekly S1 5400-5500 area. A break out is still of course possible, however with every wic down below this green trend line, to me that shows a significant lack of buy support as price hovers between weekly pivot and S1.
The yellow channel is a potential forming down trend. If the USD Value of BTC continues to rise with strength, I would anticipate this downward channel becoming dominant.
This all being said, there is still a rather strong force in the market now as seen by the higher weekly Pivot's.
Within the Indicator window I have underlined in black potential consolidation, however volume doesn't seem to be there. Lack of sellers, or buyers which ever is the case.
RSI Levels: (As per trading view data)
1H: 46.01
2H: 43.12
3H: 40.99
4H: 39.79
6H: 45.79
12H: 40.73
1D: 54.49
3D:67.00
1W: 60.42
1M: 50.77
As always trade at your own risk. I'm no pro, nor am I a market maker. This is simply me sharing my thoughts with interested parties.
(I had to repost this as I forgot some data, sorry if that was confusing)
Index BTC upClearly it is basically a period of rise supported by investors who prefer this instrument, possibly this look fortalesido with presidential elections as USA, but this is just speculation
BTCCNY shortBTCCNY - short, trade 2, feb 27.
Stops: (1st - 2884,76; 2nd - 2924,20)
TPs: (1st - 2809; 2nd - 2766; 3rd - 2726)
Have I missed the boat now? Most definitely not! Come aboard.Fellow traders, in my last chart, I accurately predicted the recent rises several days before they came about with the use of the Weekly Stochastic.
When I looked at our current position to see our progress, I compared the current weekly level with that of the past two trends.
From this level of stochastic in the previous trend, we had a 2126% increase and then a 1051% increase. Please understand that for the price to go to the following levels from current ($547) prices takes:
$2,000 - 265%
$3,000 - 448%
$5,000 - 814%
$8,000 - 1362%
You can understand that I am still very bullish at this point.
As additional confirmation, I present the MACD charts which shows us two things:
1. Within the next fortnight, we can expect the uptrend confirmation (blue bars appearing). Look where the last one occurred!
2. The uptick on the white MACD line show a likely bullish crossover above the signal line again within a fortnight. Look where the last one occurred!
Please do your own research before committing to any trade and base your decision upon your own finding, not mine!