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Can Bitcoin Grow More? Bulls Gaining GroundBitcoin (XBTUSD) just produced a bullish breakout and prices are now trading above EMA50. EMA100 is also being challenged as I write this. This is really great news as Bitcoin was sitting on a strong decision point. Breaking bullish is best as now there can be additional growth. We did a full analysis about yesterday and guessed that Bitcoin would go up... What's your take about this? Where do you think Bitcoin will go? See below... Thanks a lot for your support. Namaste.
BITMEX:BTCUSD.PLong
by AlanSantana
7
[BTC] the beginning of the correction ? It seems unrealist to see the BTC pumping again regarding the volatility observed the last days... Logically, a correction should happened, but when ? big question ! don't forgot that the BTC is also able to surprise us and broke the 20k$ quickly. Short is for me forbidden ! need to wait and observed the market to clarify the situation .... In waiting, i continue to take partial profit from the BTC took @4k$, i reach the point of "free" BTC available =)
BITFINEX:BTCUSD
by stratissou
BTC CORRECTIVE STRUCTURE - NOW Hey Traders and Hopeaholics! Quick run-through current corrective structure from an ELLIOTT WAVE pov! TRIANGLE (YELLOW) Triangle formations are corrective patterns that are bound by either converging or diverging trend lines. Triangles are made up of 5-waves that move against the trend in a sideways fashion. These triangles can be symmetrical, descending, ascending, or expanding. FLATS (PINK) Flat formations are simple sideways corrective waves. In flats, the lengths of the waves are GENERALLY equal in length, with wave B reversing wave A’s move and wave C undoing wave B’s move. We say generally because wave B can sometimes go beyond the beginning of wave A. ZIGZAG (AQUA BLUE) Zig-zag formations are very steep moves in price that goes against the predominant trend. Wave B is typically shortest in length compared to Waves A and C. These zig-zag patterns can happen twice or even thrice in a correction (2 to 3 zig-zag patterns linked together). Like with all waves, each of the waves in zig-zag patterns could be broken up into 5-wave patterns. Information from Babypips for education purposes only. ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me alike, that way you get updates as I post them.... :) <3
BITFINEX:BTCUSD
by LisaNEdwards
19