Get started

Crypottrading

BITCOIN, detailed breakdown and next targetLet's take a look at the 2H chart of Bitcoin. Looks fascinating, doesn't it? Great price action, zones and lines are lining up perfectly. As we can see from the graph, the price was unable to break the strong zone of support and form a new Lower Low. At the moment, the price is located at an area of possible resistance. Therefore, 2 scenarios arise here: Either the price will re-test the zone of $61700 and complete the formation of a "W' pattern before continuing its move to the upside; or it will break out of the local zone of resistance, re-test the broken structure, and keep rising non-stop till the area identified on the graph ($67000) Happy trading, family!
BITSTAMP:BTCUSDLong
by Investroy
12
SNX Potential Buy Opportunity 80%+ GainSNX reached its ATH 14/02/21 and has since been in a strong downward trend retracing 100% from $28.891 High to $14.913 showing a lot of selling pressure in the short-term. Although it has been in a downward trend over the past 13 days, we expect SNX to pick up momentum towards the upside with a potential 81% gain from current price levels. Note 2 scenarios could play out before the move back to the ATH price levels of $28.89. Further the 50 SMA has just crossed down the 200 SMA signalling bearish sentiment and selling pressure in the short-term but at such low prices just below 0.236 Fibonacci levels (cheapest value of an asset), we expect the bulls to come back in the market so a double bottom may form before the push phase back to the upside. Be wary of a fake-out before entering any buys, use buy zone as a guide of a sniper entry and further confirmation when stochastics are showing an extremely over sold market. Happy trading :)
KRAKEN:SNXUSDLong
by CryptocurrencyMagnet