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BTC – some positve news. All indicators say BUYHi Traders! We hope you are doing well. Seems like BTC is getting better. After many bad words from the prominent people from finance, BTC not only didn’t go down but also managed to grow up a bit. Taking into account the fact that major cryptos are sluggish we may think many investors sold their coins in favour of BTC. Let’s look at the chart. We have a couple of bounce offs with the latest reaching $7800. Still solid growth as we can see on the Gann Fan. Much over 1/1 level which is very good and solid sign. Moreover demand is growing on Weis Wave and no supply on the horizon. When using Ichimoku Cloud Indicator we can see clearly we are above the cloud and also chart has crossed Tenkan-Sen (red line) and Tenkan-Sen crossed Kijun-Sen (blue line). This is very strong and safe signal to BUY. Let’s keep an eye on this indicator as it provides rally safe trading. MACD – we observed positive convergence. We can also distinguish that uptrend is getting stronger. We measured their trend – look at first 3 dips. When linked, they form 13 degrees trend. When linking 2 last dips we can see they form 46 degrees trend which almost 3 times more. This is a massive change and we may expect to observe price rise. What are your feelings guys? Do you feel the same? Are we close to something big? Thank you for your likes, support and comments. Thank you for being here. HUGE Hugs WBM Team!
BITFINEX:BTCUSDLong
by WBM_Team
8
BTC - 4hrBTC has broken bellow channel support (green) trading below monthly VWAP. Wider channel (Orange) has solid convergence with trendline support (yellow - alternated resistance from all time high trendline), neckline of HnS pattern, and the 0.618fib retrace at 7830. This also fits the criteria for Wave 1 and 2 retrace for bullish continuation of wave 3. Possibly early bounce at 8437 (alternated resistance from left shoulder), which would still qualify for the second type HnS pattern. With the StochRSI rather low and making a second pivot down, this may not have the steam to push to 7830 without atleast a pullback around 8430. Timeframe over 4-7d.
Short
by BiggyBalls
1
Monday report of Bitcoin Bitcoin - the report, closing of month, week and forming of day. Good afternoon, closing of monthly March bar was very negative, and the movement of the price is comparable to closing of February bar down. The last week of March for the price was very negative. Meanwhile the price moves in the range of a descending channel. On week levels: the price was closed lower than 50 MA on a week (short wholesale price), demand was not high probability of the fact that the price can fall by more acceptable levels, to the region of $5000-6000 there. the most acceptable levels from the point of view of the monthly and week schedule it is the region of the prices of $3000. On day: in day there was a number of purchases from the price of $6400, on the good volume and spread, but meanwhile the tendency remains invariable - before such format of purchase led to new heights. The nature of such purchases can be a different type: or averaging of a position or purchase on balance by one of players of the market, respectively the price can leave even below while early to draw any conclusions, but the statistics meanwhile says that the vector of use of technology declines bitcoin.
BITFINEX:BTCUSD
by MaksymKonstantynov