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Cypto

Bitcoin - Possible Trend ReversalThe market could not move below very strong 3000.00 support level. We got a bullish divergence which gave a trend reversal signal. The price bounced from the support and RSI confirmed it in the oversold zone. MACD lines and histogram support buyers and possible upward movement. DMI is bearish and shows the downtrend, but ADX line falls and it tells that bears are not so strong now. All these signals tell us that the market is not going to move downward now and, at least, we will have a correction movement up to one of the possible reversal zones. These zones are based on MAs with periods like 50 and 100, 5000.00 and 6000.00 resistance levels. The most important resistance zone is 6000.00 which played as a support for a long time in this year. But will the market be able to start a new uptrend? I think now it's rather difficult to predict. As Bitcoin market, like the whole crypto market, has very small capitalization, any solid buy volume can push the market upward. Any manipulation can be a reason for any price movements but if we talk about solid uptrend in long run, for this we need solid fundamental support. I believe that now, such fundamental support can be provided ONLY by institutional traders and companies. Such fundamental support can be provided by the news, telling about new infrastructure allowing institutional traders and companies take part in Bitcoin trading. I don't believe in the power of retail traders, small investors and crypto enthusiasts. If they could create hype in 2017 year, in this year they are not so strong and their abilities are limited. That's why I would like to watch for the price action at important resistance zones and wait for positive news for the crypto. The market still keeps the potential for moving below 3000.00 support or starting a new sideway movement between 3000.00 and 6000.00 levels. How it will be, we will see. But now it's not a time for rushing. If you have another point of view, please share in comments. The same goes about your ideas, questions and suggestions! I will be grateful for your LIKES if you think this information is helpful for you.
BITSTAMP:BTCUSD
by DLavrov
51
Ripple Bubble will burst !!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Ripple ready for another drop !! BITFINEX:XRPUSD Nearly on breaking point. If it breaks the @0.41 level, we will see another significant drop towards the @0.26 level. From my experience stay on the sidelines. Follow your Trading plan, remained disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only! Update idea
BITFINEX:XRPUSDShort
by SMPTrader
4
Trading Psychology- Master your Mind and Money BY BEN WRIGHTSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Trading Psychology- Master your Mind and Money Are you continually loosing money and not knowing why? For the past decade of trading the financial markets, I believe psychology is so vital to trading success. Below is a small snippet of questions that you need to ask yourself prior to entering the market so that you are in the best condition to compete; 1. Have I slept well? ........................... 2. Do i feel emotionally and physically fit? ................................................... 3. Am i following other people's opinions? ................................................... 4. Am i following my head or my heart? ................................................ 5. Have i received losses lately? Should i be entering the market? If so do i have a drawdown procedure in place? .......................................................................................................................................... 6. Have I had a series of winning trades? If so monitor your behaviour and ensure your ego doesn't cripple your performance ....................................................................................................................................................... 7. And many more............... Let me know if you have any questions or would like to know more :) Happy trading "Rule number 1: never loose money. Rule 2: Never forget rule number 1." Warren Buffet
Education
by SMPTrader
3
Unbelievably flake-free hair.. oh wait - wrong Head & ShouldersAnalysis wise - we are sitting right on the fence between upward and downward motion. I have slightly re-evaluated my inverted head and shoulders chart that I've posted a lot about recently, with the shoulders in a slightly different place, but the travel of the market from here and head target have remained the same. Remember I was pretty clear about needing to revisit that 6800USD which we did today ($6888 to be exact) Until I receive confirmation otherwise, I will remain bearish in the short term and confident in this pattern playing out and retesting that downtrend perfectly. I have a possible bullish scenario in play also, which I will post shortly. Until then, I just want to make sure I am doing my best to warn about a potential price decrease, just as I warned about the liquidated shorts we seen this morning, so that people can make an informed decision on their trade behaviour as to not get rekt. Nothing sucks more than seeing people get super excited about some green sticks, just to see them get ripped away again unexpectedly. Either way, we SHOULD Moon Soon. Its a matter of when. As usual, not advice, no no no baby no. This just just an educational look at a potential price action. Lets say that again. POTENTIAL. I ain't no professional financial advisor yo, so make sure you chart your own charts and never take advice from anyone, especially me, because I like peanut butter and onion sandwiches and Im told thats makes me batshit crazy. Chur
by frothmonsterrr
Bitcoin under heavy pressure, potential for further drop! Bitcoin is seeing major resistance at 8506 (Fibonacci retracement, Fibonacci extension, small horizontal overlap resistance, price action, descending resistance and bearish ichimoku cloud). This all points to further downside potential on Bitcoin. If price drops from here, it could potentially drop to major support at 8122 (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is fast approaching major resistance at 87% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:BTCUSDShort
by Tickmill
BTC Hourly Equilibrium Bear BreakHighlighted in the youtube video last night, the bear break of the hourly equilibrium is flushing the big 3 and alts. We are entering hourly oversold conditions which have resulted in solid bounces over the last week. Cautious to not catch a falling knife, as BTC is clearly weaker than ETH and LTC this morning. Daily chart is on the third day of consolidation, still healthy at this point considering where we came from. Watching for a climax flush and bounce to indicate the bottom is in for now. Always protect your trades and remember you can always exit break even or at a small loss and re-enter on another leg down. Need to see a 15 min higher low and higher high to be confident the low of the morning is in.
COINBASE:BTCUSD
by TheChartGuys
1