Trading suggestion: There is possibility of temporary retracement to suggested support zone (11300.00 to 9600.00), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (11300.00) .Ending of entry zone (9600.00) Take Profit: TP1= @12745.95 TP2= @13245.20 TP3= @13788.50 TP4=...
Buy above 14332. Stop loss at 13581. Take profit at 15662. Reason for the trading strategy (fundamentally): We’re seeing a slight recovery on Bitcoin largely because of a few good news surrounding it. Firstly a report by Goldman Sachs highlights how bitcoin could serve as alternative forms of money in troubled economies, especially where traditional services of...
proportional reasoning for thinking what bitcoin may be doing next.
As described in the title, Bitcoin has broken de retracement and is in a good support zone for a new swing high. If you are holding ETH based tokens also could be a good moment to move some to bitcoin as ETHBTC is at a weekly resistance.
Bitcoin is testing major support at 14200 (61.8% Fibonacci retracement, horizontal overlap support, bullish divergence) and a possible bounce could occur at this level. However there’s strong descending resistance holding price down really well. Only a clean break of this resistance level would add conviction to the rise we’re expecting. RSI (34) sees bullish...
Buy above 14126. Stop loss at 13247. Take profit at 15391. Reason for the trading strategy (fundamentally): Bitcoin has been dropping strongly largely due to an SEC pushback that has led to several ETF proposals being withdrawn. There were several firms which were looking to list ETFs tied to bitcoin but the SEC “expressed concerns regarding the liquidity and...
Price is testing our major support at 15581 (ascending support line, pullback support, 50% Fibonacci retracement, Fibonacci extension) and a bounce could occur at this level to push price up to at least 17214 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 8.3% where a potential corresponding...
Sell below 15496. Stop loss at 16615. Take profit at 14126. Reason for the trading strategy (technically): Price is seeing major support from our ascending support line and also at 15496 (Fibonacci retracement, horizontal pullback support). We will only sell on the break of this major support which would trigger a push down to 14126 support (Fibonacci...
Bitcoin is testing major resistance at 15194 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance, bearish divergence) and we can see that there is a strong ascending trend line support that is squeezing recent price action. A break is likely to occur soon and we would increase our conviction of a potential drop if price closes...
Price has continued to test our resistance area at 15319 (Fibonacci extension, 61.8% to 78.6% Fibonacci retracement area, swing high resistance, bearish bat formation) and a strong drop could occur from this level to push price down to at least 12915 support (Fibonacci retracement, horizontal swing low support). Stochastic (24,5,3) is seeing major resistance...
Sell below 15016. Stop loss at 15791. Take profit at 12908. Reason for the trading strategy (technically): Price continues to test our major resistance area at 15016 (Fibonacci retracement, Fibonacci extension, bearish bat harmonic formation) and we expect a drop from this level to at least 12908 support (Fibonacci retracement, horizontal swing low...
Watch this triangle, part of the flag forming after the initial breakout above the previous resistance which now has become support
Bitcoin is testing major resistance at 15194 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down to at least 12915 support (Fibonacci extension, horizontal swing low support, Fibonacci retracement). Stochastic (34,5,3) is seeing major...
Smart investors boughthe dip. Did you? After they went short and made good money after the rally was exhausted, but now they are getting in on the long side.
Price dropped perfectly previously to our major support level. Now we’re seeing major resistance below 14120 (Fibonacci retracement, horizontal overlap resistance, bearish descending resistance) and a possible drop could occur at this level to push price down towards 11258 support (61.8% Fibonacci extension, horizontal swing low support). Stochastic (24,5,3) is...
The third wave is typically long, obvious and clear. The psychology behind this can be summed up with the word greed. People are expecting massive gains in a short period of time. The sheeps have joined the flock, mums, dads, uncles and aunties are all talking about it. Fourth wave is sudden and expected. The bulls are exhausted and the sheeps need to be taught...
Tom Demark count gave a green 2 on the 4H chart. This is a clear buy signal. I expect the price to continue to rise up to 28 hours. Volume is low and MACD is on the middle. For that reason I do not forecast a new ATH on this bull run. Here is my trading idea: Long at: 14042 Take profit at: 16000 Stop loss: 12000
Sept 13th - Jamie Dimon makes a public statement that Bitcoin is a fraud. Price immediately plummeted 30% into the low $3000 range. Oct. 31st - CME Futures Annoucement Price rocketed ~220%; sending us to our current all time high just shy of $20k Nov. 17th - CME Futures Launch Immediate collapse of ~43% at the time this article is being written. This was...