Members will be receiving early updates on this and other trades Bitcoin (BTC) will easily reach $50,000 in coming month and will be on the way to near $100,000 or slight over by year's end with over $1.75 Trillion Market Capture by end of 2018 BEFORE THE STORM OF NEGATIVITY UNLEASHES, HERE IS MY REASONING... We all understand that we will have more drops...
BTCUSD is back to testing our major resistance at 8057 (shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a long term descending resistance line hold price down really well and...
Sell below 7993. Stop loss at 8885. Take profit at 5758. Reason for the trading strategy (fundamentally): There has been some positive news lately surrounding cryptocurrency, with the latest being Singapore Deputy PM and chairman of Monetary Authority of Singapore (MAS) saying that cryptocurrency and related trading activity currently do not pose any threat to...
Previously I was looking for another low. Based on the current structure, I've turned more bullish and looking up. Based on this assumed wave 1, I've outlined what I'm looking at BTC to progress. Now is a possible buying opportunity somewhere in this correction with a ~$7,200 stop. LTCUSD is at a similar stage.
BTCUSD is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement) and a reaction could occur from this level to drive prices down to 5763 support (Fibonacci extension, horizontal swing low support). RSI (34) sees a long term...
Sell below 7993. Stop loss at 8885. Take profit at 5758. Reason for the trading strategy (fundamentally): Bank for International Settlements (BIS) chief, Agustin Carstens, has blasted bitcoin as a ponzi scheme, an environmental disaster and a threat to central banks. He further blasted bitcoin by stating that cryptocurrencies fail to meet the basic textbook...
$BTCUSD From $5500 - $6000 To $25000
Hi traders, I´m back on the road with a brand-new crypto analysis. For now it´s important to know that bitcoin is the dray-horse of the complete crypto market. If it collapse, the whole market will follow. That´s like all important stock markets simply follows the Dow Jones Industrial Average which you can see now if it drops hard. We saw one of the biggest...
Sell below 7993. Stop loss at 8885. Take profit at 5758. Reason for the trading strategy (fundamentally): Another big news in the cryptoworld is Lloyds Banking Group, which includes Lloyds Bank, Halifax, MBNA and Bank of Scotland, has barred customers from using credit cards to buy bitcoin and other cryptocurrencies. Its decision is over concerns that users may...
Well...!!! As a Technically is little bit good news is that BTC last low is $7000, then it maybe reverse and maybe stable again.
BITFINEX:BTCUSDLONGS down by a huge. Capitulation is in the air. 4H Bullish Divergence. Mildly strong bullish reversal signal. The first clear one actually. Mind you, we are still in a bear market. This if anything, is a short term bullish reversal to maybe hit the RES at 11-12k$ range. That point will be crucial.
BITFINEX:BTCUSDLONGS just took a hit. Capitulation is in the air. I'm still bearish long term, but expect a bounce up to the RES trendline around 11-12k$. At that point it'll be a make or break. Moderately strong bullish RSI divergence on BTC on 4h. Keeping my eyes peeled.
Bitcoin is now testing major support at 8108 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing low support) and a potential bounce could occur at this level to drive price up to at least 11822 (Fibonacci extension, Fibonacci r etracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 7.7% where a...
Buy above 8098. Stop loss at 7161. Take profit at 9923. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrencies would be Bank of America and JP Morgan Chase banning customers from purchasing bitcoin with their credit cards. This was largely due to the concerns about the credit risk of those who make such purchases. Adding on,...
BTC has been at the crucial level where buy orders around 7500 have created a wall therefore, the market will continue to go up, in waves, retesting the 17500 level any pullback might be a good buying opportunity Disclaimer It is not a financial advice, everything you see in this chart is a personal opinion, should not be used as an offer to buy, hold or...
Bitcoin Strong Support, if it can not break 8k, we may rally back to 13k TP 13k
Bitcoin has dropped absolutely perfectly to our major support level as expected. We now see our 1st major support at 8890 (Multiple ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push price up to at least 11970 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is...
Buy above 8968. Stop loss at 8591. Take profit at 9898. Reason for the trading strategy (fundamentally): The big news would be India’s finance minister, Arun, announcing that the government does not view cryptocurrencies as a form of legal tender and would take measures against the tech’s use for illegitimate purposes. This big stance on cryptocurrencies shook...