BTC/USDThe reason why i see so many changes in this speculative market is that there will so much to accumulate in nearest term base on this observation seen above here. i think there will be a return for the 65k resistance which it's a brilliant point to takeout HODL"S..
Monitor the next moves properly there's going to be an early observation at that arrow pointing down.
Cryptpcurrency
ALT SZN// Coins I'm looking atApologies for the lack of posting to my small following of those who look forward to my analysis. I normally scalp on the 15min so most of my trades play out too quickly to post to be of value.
Regardless, there has been QUITE A FEW coins that have taken off recently...and I believe that will be the trend for the near future going forward.
Below Ill be posting coins that I'm either already in and expecting more returns, or coins that I believe will provide exponential profit for different reasons. I wont list the reasons or profit targets/entry areas since that will all be subjective and dependent on your risk averseness.
#ETH - Can it break though to 238? Or Melt to 200?It's a hard one at the momentum, huge drop in the market, could it be a dead cat bounce or a bullish reversal?
Currently, I feel it is too early to say but signs of a bullish momentum holding have to be realised on the higher timeframes.
Be careful in any moves in and around this region as rejections could lead to a big downside pull.
BCH: Need a bull to stabilize the current trendAs I mentioned before that the market has always been at the gate of the outflow of funds. For the time being, there is not any big inflow of funds. The market appears to be in a quiet period, with no positive or negative news. In this case, the market operates in its own way.
From the daily chart, the Bollinger Bands are showing very bad signs. The Bollinger Bands again show their mouths open.
However, the current market is a good opportunity to do short contracts. don't recommend to enter the spot.
go short near current price $205, stop loss $207, take profit $200
No more Mr Nice! - Important levels to watch and continuation Heya my dear thriving community of hustlers and busters, traders and shillers, movers and shakers hope you are having a tremendous freaki'n day and did not get caught up in that nasty nasty price movement.
Before I proceed with all that lovely and well-timed mental masturbation, I have to say that I believe we are going to get bought up soon and we will be trading in 10050-10200 zone in no time, yet if this form will not have immediate continuation in the next 4 hours I'll watch the trendlines and price movement channels.
Several things to look for:
- As you can see the price has a respected median red line quite nicely and you can also see from lover timeframe charts that there was a persistent rejection on the line taking place, however, it did not hold and now we should expect it to act as flipped resistance.
- The price most likely will consolidate on 382 fib line, which is also a major level of resistance. You can see that this line has held up nicely so far however if it brakes
- we will move to downward sloping price channel, from which we have broken out from a week ago ( see blue totted price channel).
Hate to be a bear in this kind of situations, but right now we are much closer to 9400 than 11000, which could imply a bearish resolution sentiment for a somewhat bearish and somewhat mish-mashed price action.
Stay safe my people and let's make MONEEEY!
aaand, if you like my analysis of this market, please subscribe and show me your love by hitting LIKE.
Cheers
Archie
bitcoin last chance for bouncelast chance for a (short term bullish) bounce. Would like to make money long retracing back to the (untested) 6k ceiling or downtrend line, since btc dumped so hard. I'm not seeing a bull div yet so not looking amazing.
since we've been in a downtrend all year, it wouldn't be wrong to assume that it's running out of steam yet again.
thread in comments
