Is the FUTURE of BTC GOOD or BAD? I tell YOU my opinion!DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you are following my trading signals and didn't sell because I think that we will make huge gains! (For more info about my trading signals, please PM me)
Let's begin! The current support is located around 6700 $. There is a resistance around 6750 $. After this resistance, there is a big psychological resistance at 7000 $! But don't forget that before that one, there is the 6890 $! (Yes I know, it's a little bit complicated! ;-)) Like you can see, there are 2 triangle patterns! I indicated them in yellow and white. The MACD looks good because it seems that we are going to an uptrend again. You can see that there is an M-pattern on the MACD volume. There is also a big MACD support (Indicated in green). The RSI is looking good because it's low. That's a good thing.
Here is my prediction: In my opinion, Bitcoin will first go down to 6710 $. Then BTC will bounce back up again. After that, Bitcoin will break the 6750 $ resistance and will go to 6890 $. Don't forget that this is my personal opinion, please make your own research!
Thank you for your support,
Maxime Desalle
Maximedesalle
After nice weather, there is always rain - Maxime DesalleDISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you made a lot of profit during this green day because it won't last!
Current support is located at 6900 $. Bitcoin is currently touching/breaking the 7000 $ resistance. The MACD is looking good, but could be better. Why? Because it seems like the MACD volume is following an M-pattern. That's not good news because it means that we can see a possible drop. The RSI is above the highest line, the overbought line. That's again not good news because it means that we will see a pull back in the future. Like you can see, Bitcoin is currently touching the highest Bollinger Band, that's again not good news. There are two different possible situations: 1. Bitcoin is in a descendent triangle pattern, in that case the support is located at 6800 $ and the resistance at 7000 $. 2. Bitcoin is in an uptrend, like I indicated in red. Then the support is located at 6850 $ and the resistance at 7150 $.
Like the past few days, I will not predict something right now because it's not clear witch situation is the good one and the market doesn't care enough of supports, resistances and technical analysis is general.
Thank you for your support,
Maxime Desalle
BTC Chart Update - Maxime Desalle - 06/04/18DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you made some profit today!
The current support is located at 6500 $. There is a resistance at 6650 $. For the MACD, there are two possible situations (and I don't know which one it is): 1. The MACD is in an uptrend or 2. The MACD is in a triangle pattern. This could mean a possible breakout or a possible drop. In my opinion, the second situation is the good one. You can see that there is also an uptrend on the RSI. The price is currently very close from the lowest Bollinger band. It shows that people are selling a lot Bitcoin.
Like yesterday, I will not tell you my prediction because the market doesn't care enough of technical analysis. What I mean by that is that people don't care of supports, resistances, ... That's because of the downtrend and that people are scared to lose their money. Don't forget that it is risky to trade during this period. Patience is the key of every successful traders ( & investor ).
Thank you for your support,
Maxime Desalle
BTC Chart Update - Maxime Desalle - 05/04/18DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you didn't lost to much money during the little crash of today.
The current support is located at 6600 $. There is a resistance at 6800 $. It seems like there is a support on the RSI. The MACD isn't very good, but also not bad. It's difficult to say for the moment what happens with the MACD. You can see an M-pattern on the MACD volume. That's not good news because it means that we can see a possible pull back. I will not make any prediction today because yesterday I made a mistake and it was because there was a lack of indicators that could show me the future. Here it's the same situation. If I lose money, that's my fault. But if you lose money because of me then it's really my fault. And I don't want that.
Thank you for your support,
Maxime Desalle
BTC Chart Update - Maxime Desalle - 04/04/18DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you have listened to me yesterday because I was right when I said that Bitcoin would go down! ( And to 7000 $ if there was bad news ) ( I know, I'm very proud when I'm right on a prediction ;-) )
The current support is located at 7000 $. There is a resistance at 7200 $. Sadly enough, the MACD has broken the support line that I drew. There is a good news, like you can see on the MACD volume, there is a W-pattern. This means that there is a lot of chances that we will see Bitcoin going up in the following hours. The RSI is touching the lowest line. That's good news in my opinion, because it means that it's a great time to buy! Like on the RSI, the price is also touching the lowest line of the Bollinger Bands!
Here is my price prediction: At the moment it's very difficult to predict something because there is only the MACD volume that shows us a possible rise. So I will not take a lot of risks. In my opinion, Bitcoin will go a little bit up in the following hours. Sadly enough, I can't say you to which price it will go because it all depends here of the upcoming news. If there is good news, then Bitcoin will break for sure the 7200 $ resistance. But you have to know that for the moment it's very difficult to predict something because of the lack of indicators that are able to show us the future. Don't forget, that if there is bad news then BTC will go to 6800 $!
Thank you for your support,
Maxime Desalle
BTC Chart Update - Maxime Desalle - 03/04/18DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you made a lot of profit during this green day!
The current support is located at 7300 $. Bitcoin is currently touching the 7450 $ resistance. You can see that BTC is currently in an uptrend. Bitcoin is in a descending triangle. The RSI is high, to high in my opinion. So the MACD isn't good. The red line is crossing the black line to the downside. The MACD volume is also going down. That's not good news. Like you can see, I added the Bollinger Bands. They are doing the same job as the RSI.
Here is my prediction: The MACD isn't good and the RSI is to high that's why I think that Bitcoin will go down in the following hours. In my opinion, BTC will go to 7300 $ and possibly to 7200 $. If there is bad news, then Bitcoin will go to 7000 $ for sure.
Thank you for your support,
Maxime Desalle
BTC Chart Update - Maxime Desalle - 02/04/18Hello dear traders,
I hope you are doing well!
Current support is located at 7800 $. There is a resistance at 7100 $. The MACD is looking good. The RSI could be better. In my opinion, Bitcoin will go down in the following hours. Sadly enough, I can't say to which price because, at the moment, the market doesn't care a lot about supports and resistances. Why do I think that? It's very simple, like you can see on the MACD volume, there is an M-pattern. I indicated in the past other M-patterns and they always precede big drops. That's why I'm not bullish on Bitcoin for the moment.
Thank for your support,
Maxime Desalle
BTC Chart Update - Maxime Desalle - 01/04/18Hello dear traders,
I hope you made some profit today! ;-)
Current support is located at 6600 $. There is a resistance at 7000 $. Bitcoin is currently in a downtrend. The MACD isn't looking very well. The RSI is low, that's good. I can't predict anything for the moment because it all depends in which situation BTC currently is. The first situation: BTC is in a descending triangle. The second situation: BTC is in a downtrend. Depending on the situation the supports change and the resistances also change, that's why it's difficult to predict the future.
Thank you for your support,
Maxime Desalle
BTC Chart Update - 31/03/18 - Maxime DesalleHello dear traders,
I hope you are doing well after the "little" crash!
Current support is located at 7000 $. There is a resistance at 7150 $. The MACD is looking good, but there is a M-pattern on the volume. The RSI is high, that's not good. In my opinion, BTC will go down to 7000 $ again. Then Bitcoin will bounce back up again.
Thank you for your support,
Maxime Desalle
BTC Chart Update - Maxime Desalle - 27/03/18Hello dear traders,
I hope you are doing well during this bad period. I have to admit that on a short term perspective I'm not very bullish on Bitcoin. In my opinion, we will have to wait until May to see the beginning of a new uptrend.
The current support is located at 7800 $, if Bitcoin breaks that support then BTC will go to 7500 $.
The current resistance is located at 8100 $, there is a second resistance located at 8100 $. You may think that 8000 $ is a big resistance or support, but it isn't. Like you can see, the market didn't care about that resistance/support during the past days. You can see on the RSI a breakout, I think that the same will happen with the MACD because the MACD is very low and close to a resistance. It's very difficult to say what will happen on a very short term perspective to Bitcoin, but in my opinion BTC will break the 8100 $. Remember: This is on a very short term perspective. Like I said before, I'm not bullish on Bitcoin on a short term perspective until May.
Thank you for reading this and for your support,
Maxime Desalle