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Dip

Bitcoin at the most important support level ~42,000It is no secret anymore, Bitcoin has arrived at the largest and crucial support level of February, ~42,000 It has already bounced off several times from here, and the optimistic will hope it will bounce off again for a hit at that crucial resistance at ~45,000 Yet, we need to understand that the range we're looking at is starting at ~30,000 and that means that there is a price level there where perhaps bears want to touch before they will allow bulls to kick it hard. Ultimately, this is a traditional game of Tug of War, and the long term winners will as always be the bulls. Temporarily however, the bears will run the show.
by UnknownUnicorn35305092
6
BTC dipping before a potential breach of ~45,000 levelsThe 4h chart of Bitcoin is in uptrend and to breach the uptrend, a major collapse needs to happen at this point. Rather than a collapse, the chart indicates the dip we are experiencing now as a potential necessity before breaching the ~45,000 price mark. Nonetheless, RSI shows both on the 1h and 4h chart, Bitcoin is entering oversold areas. This could be a a planned move by the bulls after being rejected several times at ~45,000, exhaust the bears in a calculated dip to go long and enter ~48,000 within the upcoming third week of February. Traders should be cautious with their trades, we are still considered to be in no mans land. The winners are those who entered long trades at ~30,000 price marks
by UnknownUnicorn35305092
1
CYPTO.COM (CRO) GOING FOR (0.33) SUPPORT RETESTKUCOIN:CROUSDT looks like it has broke its upwards momentum and is now heading towards the 0.33 support. I expect the support to hold ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
by xtekky
2
Buy the DIP! ETH TECHNICAL ANALYSISHere are the support zones for ETH The lines that are larger represent the max support/resistance The lines that are thinner represent the start of the support/resistance I have no idea where the bottom might be. The trend line has been broke and the first support level too. HODL! Split your capital for these support zones. Unless it comes back up soon, which if it does make sure it breaks a resistance zone and makes it support before putting in the rest of your capital.
by pastworks
Divergence spotted on Bitcoin! After Feds. Daily chart!Just after the feds meeting on tuesday dec 14, i anticipated a buy the news opportunity but decided to wait untill today( dec 15). I went to the BTC/ETH daily chart and tried to spot potential buying opportunities and to my greatest amaze for the first time in my short crypto trading life i had spotted a bullish divergence on the RSI oscillator on the daily chart. After realizing that the market is coming from a recent dip and a potential bull run next year january, i am considering buying the "dollar cost averaging" style and probably waiting till the end of the week to examine the full divergence set up on all possible time frames for more accurate confirmation. Hopes these helps?
Long
by Jezzz_
$QS - Multiple Supports BelowQS has had a pretty nasty drop over these past few weeks, running up 100% after stellar earnings, before ultimately coming down 50% back to where it started. We're currently sitting right at a demand zone, with multiple levels of support sitting underneath. I plan on scaling in a small position tomorrow after FOMC, and adding more if we dip to the levels of support down under. I expect we're going to get a pretty solid reversal sooner rather than later. This setup is reminiscent of the $PYPL chart I posted about a week or two ago. GLHF everyone!
NYSE:QSLong
by FluxTrades
1
ETH Ethereum Long Idea ETH has been victim to the sell-off that's occurred in the cryptocurrency markets in recent weeks. The price has finally broken below the key $4000 number which is a worry. However, in the short-term a bounce back to the $4000 level is likely considering the recent price action of ETH. The RSI levels for ETH on the 4hr chart remain oversold which shows that a change in momentum is possible, at least in the short term. The price has also found temporary support between $3750-3800, if this holds then a retest of the $4000 area is plausible. The stop loss area for this trade will be at $3680 which is 4% of the trade size.
BITSTAMP:ETHUSDLong
by Orion-Markets