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BTCEUR

Bitcoin - BTCUSD to mark new lows by the end of Q4 2022Just hours after our last post, in which we warned about the unsustainability of the up move, Bitcoin erased all of its early gains and retraced below 19 000 USD. This development aligns with what we highlighted as a bear market behavior, characteristic of wild swings from one side to another and market participants trying to fish for a bottom. That and a looming decrease in corporate earnings and a slowdown in the global economy will further reinforce our narrative about the progression into the second stage of the bear market. As a result, we think the risk aversion will rise, causing more weakness in the stock and cryptocurrency markets over time. Indeed, we think what market participants have seen up until now, regarding erratic moves and elevated volatility, is just a pretext for what will unravel over the coming months. We believe we will see a dramatic increase in volatility, which will cause even more people to jump back and forth between bullish and bearish narratives. However, as we did for the past year, we plan to stay unshaken by the high volatility and focus on the market's primary trend. Therefore, we remain bearish and committed to our price targets at 17 500 USD and 15 000 USD. Technical and fundamental factors support our view. Illustration 1.01 Illustration 1.01 shows simple support and resistance levels. To confirm our bearish thesis, we want to see the price break below the Support 1. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 displays the weekly chart of BTCUSD and two SMAs in a bearish constellation. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
15
Long term maximum lows.As title spoils, this time posting you daily chart extreme which could possible happen. I mentioned this in previous BTC post. However, I personally can't stick to this. Targets often not reached in full measure. This would play out too quick, or exchanges shut down. It is for Black Swan more like. I never rely only on TA. Always looking also to fundaments, sentiment and Stock market. Big money play its role. Anyway, also technical and rational. I personally be fine with calm nibbling around 618 Fibo. Let's say 12-14 thousand. Full target got me 6800 USD as 5th complete-extended wave.. I prefer buy Bitcoins first and after more downside, I am starting with altcoins because of higher risk ratio. In brief, I am looking on bearish Wickoff, wide broken Bear flag under MA200, low demand volumes and 5 wave correction. So take care, monitor and let's go to see if new low occur. This is main condition for this analysis. Emvo. *This is not any financial advice.
BITSTAMP:BTCUSD
by Emvo10
2
Ethereum - Downtrend continuesOnce again, the price action proved our prediction correct, and Ethereum fell below 1300 USD over the weekend. This bearish development confirms our narrative about the downtrend continuation. Simultaneously, fundamental and technical factors also support this thesis. Therefore, we have no reason to change our thoughts on ETHUSD and stick to our price targets of 1000 USD and 900 USD. Illustration 1.01 The picture above shows the daily chart of ETHUSD. The breakout below the immediate support/resistance adds to the bearish sentiment. White horizontal lines indicate particular support and resistance levels. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:ETHUSDShort
by Tradersweekly
25
BTC broke this trianglePlease 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free. ₿itcoin broke out of this triangle down but didn't hit the target yet. I'm not chasing, just waiting for pullback to the previous range (pink) & triangle lower edge area around 20150 as shown by the blue projection. Setting SELL LIMIT order. Will cancel it if price reaches the target first before filling the order. ENTRY : previous local range & triangle lower edge @ 20150 STOPLOSS : local high @ 20350 TARGET : height of the triangle projected from midpoint of the local range (pink) @ 19560 REWARD RISK RATIO (RRR) : ~3 INVALIDATION : when STOPLOSS level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:BTCUSDShort
by bizmark
3
btceur bull market till May 2022 at 15000 on 10 week cyclesIf bitcoin will not break 65000 €uro ca $75000 in December then we are in bull market and following 5 cycles in 10 week periods till May 2022 will be selling cycles, Price will slowly fall up to 15000. Green arrows are the cycles when buying is profitable (except the unpredictable fluctuation in March 2021 the COVID panic month). Red are the 10 week periods when selling shorting is profitable Whole is n big parallel channel
by viparmenia
5
Bitcoin - Debunking the mythDay after day, we tell ourselves that bullish market forecasts are getting increasingly ridiculous. Unfortunately, however, every bounce up in the market seems to produce more irrational thoughts among market participants. We often encounter statements about Bitcoin being headed to 100k USD, 200k USD, 500k USD, or even much higher. The same applies to other cryptocurrencies. Indeed, people have been writing us and predicting new all-time highs for Ethereum and Bitcoin, four-digit valuation for XRP, and other things we consider outright stupid in the current environment. However, how do these valuations hold in the bigger scheme of things? People making outlandish calls do not seem to bother about this question. Therefore, we decided to answer it today. Based upon the data from the World Federation of Exchanges (which encompasses all significant stock market exchanges with over 58 000 companies), the equity market capitalization stands at 122.94 trillion USD. The current market cap of all cryptocurrencies is slightly above 1 trillion USD; at its peak, the market cap stood at 3.009 trillion USD. The current supply of Bitcoin is about 19 147 400 units. Meanwhile, the supply for Ethereum is approximately 122 323 191 units, and for XRP, about 49 826 021 773 units. Now, let's put in perspective the current valuation and cryptocurrency supply. BTC - approximate units = 19 147 400 ETH - approximate units = 122 323 191 XRP - approximate units = 49 826 021 773 BTC - the (approximate) current market cap = 411 bn. USD ETH - the (approximate) current market cap = 214 bn. USD XRP - the (approximate) current market cap= 17.6 bn. USD Altogether, these three cryptocurrencies account for more than 50% of the (whole) cryptocurrency market cap. However, what would be the value of their market cap if predictions about sky-high valuations were due to become real? BTC at 100 000 USD = 19 147 400 x 100 000 = 1.91 trn. USD BTC at 200 000 USD = 19 147 400 x 200 000 = 3.82 trn. USD BTC at 500 000 USD = 19 147 400 x 500 000 = 9.57 trn. USD ETH at 10 000 USD = 122 323 191 x 10 000 = 1.22 trn. USD ETH at 20 000 USD = 122 323 191 x 20 000 = 2.44 trn. USD XRP at 100 USD = 49 826 021 773 x 100 = 4.98 trn. USD XRP at 1000 USD = 49 826 021 773 x 1000 = 49.8 trn. USD After the calculation, it is evident that at 500k USD for Bitcoin, the whole market cap would be higher by over 8 trillion USD (when taking into account just increase in BTC). That is about an 800% increase for the entire cryptocurrency market (not taking into account an increase of other 20 000 cryptocurrencies). With Ethereum at 10 000 USD, the market cap would grow by another 1 trillion USD, which is again not a tiny number; additionally, the 20 000 price tag would double that figure. Finally, in the case of XRP at 100 USD, the market cap (just for XRP) would be valued at 4.98 trillion USD (which is already multiple times higher than the current market cap of BTC). At 1000 USD, the XRP market cap would be approximately 49.8 trillion USD. It does not take much common sense to realize these valuations are immense, especially when compared to the global equity market capitalization based on the World Federation of Exchanges data. In our opinion, these and many similar predictions about cryptocurrencies reversing to the uptrend and continuing higher are doomed to fail. Our views are based on fundamental and technical factors described in previous and attached articles. Accordingly, we remain bearish on Bitcoin and stick to our price targets at 17 500 USD and 15 000 USD. Illustration 1.01 The picture shows the total market cap of cryptocurrencies and its decline of 66% from ATH. Technical analysis - daily time frame RSI and Stochastic are bullish. However, they are getting overvalued very quickly. MACD is neutral. DM+ and DM- are bullish. Overall, the daily time frame is neutral/slightly bullish. Illustration 1.02 Illustration 1.02 shows simple support and resistance levels for BTCUSD. The breakout above the immediate resistance will bolster the bullish case for BTC in the short-term. However, we stick to our bearish outlook beyond that. Technical analysis - weekly time frame RSI, Stochastic, and MACD are neutral/slightly bullish. DM+ and DM- stay bearish. Overall, the weekly time frame is neutral. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
95
Bitcoin - Breakout below 19 000 USD confirms our bearish thesisYesterday, Bitcoin dropped below the support level at 19 526 USD. Then later, the price continued below 19 000 USD, halting its movement at a low of 18 540 USD. These developments are negative for Bitcoin and further confirm the bearish thesis we laid out in our previous articles. At the same time, there was no significant change in fundamental or technical factors, allowing us to stick to our bearish outlook and price targets at 17 500 USD and 15 000 USD. Although with mounting evidence of the global economy slowing down, we think the price of Bitcoin will drift far below our price targets. Indeed, we believe Bitcoin will test 10 000 USD in the coming months. Despite that, we would first want to see our price targets being hit. After that, we will reassess the situation and set new price targets. Illustration 1.01 Illustration 1.01 shows the 5-minute chart of BTCUSD. The yellow arrow indicates yesterday's quick price action that led to Bitcoin plunging below the 19 000 USD price tag. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame. Illustration 1.02 The chart above shows three bearish breakouts, which also confirm our bearish thesis. However, the most recent breakout was retraced; ideally, we want to see the price drop and stay below the immediate support/resistance. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame. Illustration 1.03 Illustration 1.03 shows the daily chart of BTCUSD. The yellow arrow indicates the spike in volume, which is another bearish development. Ideally, from here, we would like to see volume increase accompanying a declining price. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
40
Bitcoin - The weekend session forecasts more painOn Friday, we said it would not surprise us to see Bitcoin plunge below 20 000 USD. The following day, Bitcoin fell to a new low at 19 766 USD. Since then, the price action has been mostly sideways. At the moment, Bitcoin trades near the 20 000 USD price tag. We stay bearish as fundamental factors weighing on the market have not changed. Additionally, technical aspects are worsening and pointing to an impeding acceleration of the selloff. Accordingly, we maintain a bearish stance on Bitcoin in the short, medium, and long term. Indeed, we believe BTCUSD is headed to new lows over time; therefore, our price targets are at 17 500 USD and 15 000 USD. Illustration 1.01 The chart shows several bearish developments, which are indicated by arrows and text. White horizontal lines indicate simple support and resistance levels. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is extremely bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is extremely bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
17
Log fractal 2.0 reditHi again to you all. Price action progressing. so it's time to little edit my secret fractal gain, here on Logarithmic daily chart. Now we know, this is confirmed Bear Flat formation. You can draw the pole from 48 k high, or 31,5 k. Also as I am posting today, Bitcoin testing 200MA weekly average. If Sunday closes this way, it should end up in crucial bearish acceleration. In that case, Bitcoin would be heading into the last yellow rectangle to full fill whole pattern called Bearish Wick-off formed from All Time High. However, I am only average investor and it will also depends on Stocks with DXY index. This dependency impacting BTC through their smart money, leverage and manipulations. Exchanges will always want you drag into trades and speculations to liquidate you and take fees. So never be greedy or fear. Each of us should stick to its own strategy plan. This is how actually looks mine. No long, no short. Take care, Emvo. *This is not any financial advice.
BITSTAMP:BTCUSD
by Emvo10
Bitcoin - Bear market rally top?Over the past few weeks, worsening economic data led to widespread speculation about the FED backtracking on its promises, leading to buying spree fueled mainly by retail investors calling for the market bottom and trend reversal. Despite mounting bullish calls, we stuck to a bearish outlook for the medium-term and long-term while pointing to a bear market rally in the short-term. Recently, technical indicators started to show severe signs of exhaustion, with shallow volume accompanying new highs. This development suggests fewer market participants are willing to buy at current high prices, which is an ominous warning sign. Each breakout above the resistance at 24 280 USD was quickly invalidated. Additionally, RSI, MACD, and Stochastic are overbought on the daily time frame, potentially suggesting the top of the bear market rally. As for the medium and long term, we have no reason to change our bearish outlook due to fundamental factors like higher interest rates, economic tightening, slowing global economy, and regulatory threats. Because of that, our medium-term price target is 17 500 USD, and our long-term price target is 15 000 USD. Illustration 1.01 The picture above shows the setup we introduced (and kept updating) early in the bear market rally. Yellow arrows indicate bullish breakouts and the recent invalidation. Red arrows indicate volume declines accompanying bullish breakouts. Technical analysis - daily time frame RSI is overbought. MACD is flattening. Stochastic is bearish. DM+ and DM- are bullish. Overall, the daily time frame is neutral/slightly bearish. Illustration 1.02 Many analysts argue that BTCUSD has bottomed out. However, Illustration 1.02 shows that even a bounce of such magnitude as +40% is nothing uncommon. For example, in February 2018, during the bear market rally, Bitcoin gained over 98% within a mere month. Technical analysis - weekly time frame RSI is flattening. MACD and Stochastic are bullish but still in the bearish zone. DM+ and DM- stay bearish. Overall, the weekly time frame is neutral. Illustration 1.03 The picture above shows further evidence of a gradual decline in volume. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
27
BTCEUR key resistance levelsBTCEUR - in slightly downside biased range and currently addressing top of the 4-8hr range, likely pullback occurs before more . In case of converting red zone in to support - likely our daily red zone opens up for the taking. The green arrows up are buy bottom buy signals - while small red arrow is sell the bounce signal - they're automatically generated by the emaflow pro indicator. Emaflow has a special range feature that projects where market will be oversold and overbought in the future - recent total cap projections were spot on:
Short
by EMAflow
Bitcoin - Brace for another 30% decline!Over the past week, the situation in the cryptocurrency market has not changed much. The price of Bitcoin continued to be choppy, trading mostly between 22 000 USD and 24 000 USD. The inability of BTCUSD to break above the immediate resistance hints at even more weakening bullish momentum. Indeed, the same is implied by several technical indicators and the presence of low volume. In addition to that, bearish fundamental factors continue to persist. We view higher interest rates and economic tightening as two main elements driving the U.S. economy into a deeper recession toward the end of 2022, and during 2023. Since such periods are accompanied by risk-off sentiment, we expect this to negatively affect the price of BTC, resulting in a new low over time. Therefore, we still maintain a bearish view on Bitcoin with the price target of 17 500 USD, which is our medium-term price target. However, today, we would also like to set a new long-term price target at 15 000 USD. Illustration 1.01 The illustration above shows the daily chart of BTCUSD during the downtrend in 2017/2018. Bear market rallies are indicated by green dashed lines. The picture illustrates how big moves up can occur during the bear market rally when people flock into the market chasing the asset because of so-called “FOMO - fear of missing out”. As we previously stated, Bitcoin is up approximately 40% from its lows, however, it does not mean that the trend of higher degree has changed to bullish. Technical analysis - daily time frame RSI is neutral. MACD lost momentum and strives to reverse to the downside. Stochastic turned bearish. DM+ and DM- are bullish, however, the trend is very weak. Overall, the daily time frame is neutral. Illustration 1.02 Due to the choppy price action of BTCUSD, the setup we introduced recently remains valid. Technical analysis - weekly time frame RSI, MACD, and Stochastic are neutral. DM+ and DM- are bearish. Overall, the weekly time frame is neutral. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
18
BTCEUR - Head & shoulder?Possible head & shoulder pattern on BTCEUR on the Daily. Green line = neckline. Measured distance from head to necline is shown and copied to indicate the target to the downside. Fib-levels (0.382 up to 0.786) are displayed on the chart for possible targets in case of a short. First target (based on the H&S), around EU20.500 is in between the 0.500 and the 0.618 Fib. On the 4H there's a bullish orderblock in that same area. The 50DMA is also around this level. Lower targets (possible wicks) are around the 0.786Fib (EU19.000 - EU19500) and the 0.886Fib (Eu18.000 - 18.500)
Short
by FibonaccIvo
Bitcoin - Deceitful rally Despite yesterday's move up in Bitcoin, we remain very skeptical about the prospect of rally continuation. That is mainly due to the FED moving toward a more hawkish stance in regard to its monetary policy. Indeed, now, it projects another 75bps rate hike for September 2022. As a result, we expect this to negatively affect the U.S. economy as well as the cryptocurrency market. Due to the persistence of these bearish fundamental factors, we have no reason to change our medium-term and long-term assessment of BTCUSD. Illustration 1.01 Illustration 1.01 shows the trade setup we introduced recently; it consists of two alternative scenarios. Additionally, there are several technical developments displayed on the chart. The bullish trigger occurred when the price moved above 21 868 USD. Despite that, we are skeptical about this move. We are looking for the bearish trigger, which will take place once 21 868 USD is retraced to the downside. Low volume after the most recent breakout hints at a declining number of buyers between 22 000 USD and 24 000 USD. Technical analysis - daily time frame MACD, Stochastic, and RSI all show signs of stalling. DM+ and DM- are bullish; however, ADX contains a relatively low value. Overall, the daily time frame is neutral. Technical analysis - weekly time frame RSI is bullish. MACD is neutral. Stochastic is bullish but stays in the lower zone. DM+ and DM- remain bearish. Overall, the weekly time frame sends mixed signals. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
124
BEATCOIN to 10KMy last chart on "BEATCOIN" Personally I think is not worth trading. Reasons... there is not a serious/real exchange yet. They can do laterally whatever they want, not only block your account-margin-investment, but make sure you ever get your money back. Couldn´t believe when I saw it. Several teams of hustlers for each "exchange" paid a percentage for every deposit, with the mandatory order to never withdraw. Those people can sell their own mother to get a percentage. Ask yourself, how many friends do you know that they made it with crypto. There is a reason why, cause is has nothing to do with trading. "BEATCOIN" may be worth a lot more in the future, but statistically speaking you have more chances in a casino ;DDD Have fun. Be wise don´t work for the money, make money work for you.
BITFINEX:BTCUSD
by DeFontain
5
Bitcoin - Rip or dip The setup we introduced recently remains valid. We will have our eyes on the FOMC meeting today. We expect volatility to be elevated throughout the day. We will update the idea after the FED decision. Our thoughts are detailed in the attached ideas. Technical analysis - daily time frame RSI paused its fall and became neutral. MACD is also neutral. Stochastic is bearish. DM+ and DM- are also bearish. Overall, the daily time frame is bearish. Illustration 1.01 We showed the chart above before. Structurally, Bitcoin continues to develop like during prior corrections of the current downtrend. Technical analysis - weekly time frame RSI strives to reverse to the downside. MACD is neutral. Stochastic is bearish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
32
Bitcoin - Systemic cracks have started to appear During the current week, Bitcoin gained slightly, and in the process, it constituted a new high at 24 280.30 USD. However, since then, it has started to move sideways and struggled to move higher. Because of that, we will continue to pay close attention to the volume and technical indicators. We think BTCUSD might continue a little bit higher in the short-term; however, in the medium and long term, we remain bearish. That is mainly due to bearish fundamental factors like higher interest rates, economic tightening, and looming recession. We expect these factors to weigh on the U.S. economy and stock market, eventually dragging the price of cryptocurrencies lower. Furthermore, systemic cracks are appearing in the cryptocurrency sector, beginning with the recent fallout of the Luna stablecoin token, followed by the bankruptcy of Celsius Network, and the spill-over effect into other institutions. The list of affected companies by restrictions on withdrawals of funds/cryptocurrencies and bankruptcies continues to grow. Voyager, Sky-Bridge Capital, and CoinFlex now welcome the latest addition to the list: Zipmex. These are, however, just a few to name. We expect the list to grow in the future with many cryptocurrency projects going bust. Besides these issues, we also foresee more threats from the U.S. regulator, which will further complicate the situation by tightening market conditions via setting new rules for stablecoins and token issuance. These are several reasons why we are very careful with calling the bottom. Indeed, we think it would be premature. Illustration 1.01 Above is the setup we introduced to our readers a while ago; it still remains valid. Technical analysis - daily time frame Stochastic performed a bearish crossover; however, it stays in the upper area. MACD strives to break through the midpoint, further bolsters the bullish case. RSI is bullish. DM+ and DM- are bullish too. Overall, the daily time frame is bullish. Illustration 1.02 The daily chart shows Bitcoin struggling to move higher; simultaneously, a declining volume can be observed. This development suggests buyers are harder to find after the recent bullish breakout and BTC trading between 23 000-24 000 USD. Technical analysis - weekly time frame RSI is bullish. MACD strives to reverse to the upside. Stochastic points to the upside but remains in the bearish area. DM+ and DM- are bearish. Overall, the weekly time frame is neutral/slightly bullish. Illustration 1.03 Interestingly, the price of BTCUSD fully retraced to its medium-term moving average. That hints at a strong correction of the downtrend in progress. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDLong
by Tradersweekly
203
Exact BTC fractal monitoring 2.0I decided to post the same chart on Regular scale and 4 hour time frame for out better view. ( ... Yesterdays was Logarithmic chart ). This purple fractal is much same as Saturdays, however not so extreme when compare. Nobody can't determine, which should end up better. Better than post into comment section as in previous idea. Also Fibo levels are better visible. So let's get the answers . I think, it will be interesting to watch... Sometimes, it is not only about any divergences or volumes. You should go far beyond. Good luck and always save some money. Emvo. *This is not any financial advice.
BITSTAMP:BTCUSD
by Emvo10
As Bitcoins downtrend ageing.Hello again, as uptrend channel broke in advance of my previous TA, bearish Wickoff developing and DXY is stronger than ever we imagined, let's see how low this bullish Falling wedge oscillate before breakdown. I am rather staying neutral on sideways ...I do not think, Stock market bottomed so let's see what near future bring. This will create great long-term opportunities to all of us. In my opinion, uptrend won't start until September ending. Maybe... Here's some major Fibo levels to watch.That 's why I used 4h chart to monitor. Take care, Emvo. *This is not any financial advice.
BITSTAMP:BTCUSD
by Emvo10