Bitcoin Support & Resistance LevelsGreetings all,
Been tweaking my method for predicting support & resistance levels with a variation of the Fib Sequence I'm calling a "Fib-Flip." Its been a method I have been putting to use for sometime now to make price calls. I saw the 13850 level a few weeks ago as a place to take profits. On the monthly, this price was obviously resistance as neither Dec '17 or Jan '18 could close above it. Thus, this is what I see as the true inflection point in this market. We have since corrected but have managed to close above the 10580 level I was looking for to confirm these prices. If we continue further down, I'm expecting these prices to act as support-levels. I am not saying we will continue down though. I think our odds of breaking through the flip-point are still good based on the support near 10580. There is the new down-trendline that has formed from the peak to the recent highs, but I don't see it as much force of resistance.
Thanks for reading. Be sure to share your thoughts & in the comments.
No_L
Bitcoin-usd
2017 PATTERNS REPEATING! $20K+ BITCOIN in 2 WEEKS! In our grand big BULL RUN of 2017, we took a nice little pause after each kiss of the trend line...
and that's EXACTLY what we're seeing now in 2019. The price is returning to its horizontal SUPPORT before continuing upward for its forth big smooch on the line. Who's ready for it?!
--
@tezosaurus
£100-£20,000 CHALLENGE starts in 12 hours... Message us.At ApexFX we feed you no b#llshit as you will tell if you have been following us for a while.
We are starting a CHALLENGE this coming Monday and have been working round the clock most of this year developing this strategy to help improve peoples lives financially, we have back tested this strategy for 6 months, if you dont believe me give me a message and i can show you some stats just to prove the haters wrong.
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Quiet frankly MISS IT MISS OUT.
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My WIFE has ran off with my BOSS!!!Oh well what she doesn't know is I was sleeping with her sister... so the joke is on her really ;p
Anyway enough of my love life lets crack on with the trade.
As we can see BTC has been respecting a lovely trend line on this 4H timeframe and we are looking at it continue to do so in bullish manor up to our 10k target... And when we reach it you can all buy me a pint, we have 790 followers so I'm expecting 790 pints and I'm not sure if that's possible in 1 night... so I will have to do it over 2 nights haha.
Anyway I'm going round the wife's sisters now, so catch you later.
BTC based on average behavior. How to Play the H&S right. So everybody is seeing this H&S forming atm. Normally you would think this a perfect time to setup some shorts right?
If everybody is stuck in this mindset the big accounts want your money. And they are the ones moving this market. Not you.
Stops will we placed above the left shoulder. As soon as this area is reached all the liquidations will pay into their pockets.
So is longing the best thing todo? Obviously not. This is still a resistance that needs to be respected. Let it play. Market is still bullish so you shouldn't look for shorts in the first place.
Let the H&S play out and if it does long the daily support. If it doesn't long the breakout.
NLG-Gulden Big Risk/RewardSeems like it's almost that time again, Huge payoffs are approaching for many low volume Alts on Bittrex. NLG is sitting at all time support/demand levels (.250 - .350) and is looking prime for a pump with TP's around .450, .600, .1000 and .1270.
Needs a big volume spike as it's currently only trading 1-2BTC per day so may take a while to get rolling and as always Should be watching for what BTC/USD does.
BITCOIN $9000 + Time to make more MONEYThe Bitcoin cryptocurrency is currently moving towards a support level at 7250.4.
If the support level holds, the next target for bulls will be at the $9000 area.
However, if the BTCUSD breaks the $7250 mark, bears are likely to aim for the $6500.
Idea zones to buy BTC
First entry at $7250.
Second entry at $6500.