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MONSI, WHAT HAPPENS NEXT? - people as me.What up guys! Let's get straight into it: We see a clearly bearish flag on the 4-hourly-BTC-chart that formed the last weeks (orange). Normally we would expect a correction after a bear flag, however a bullish pennant started forming in that bear flag, which is in fact a pretty bullish sign. Also by looking at the MACD, which is about to cross, we see another bullish sign in the short-term. Though seeing a short-term uptrend, there are a lot of resistance levels to stop the optimism (red zone). By looking a the upward opportunities for BTC we also should look at the 50-MA as a strong support line in case of a move downwards. If the bullish pennant breaks, a short term correction to the 50-MA and even lower to 8070$ (green line of FIB) is highly possible. As always, just invest what your willing to lose. Peace out! Monsi
BITFINEX:BTCUSD
by Monsi
MONSI, WHEN MOON? - People ask me.What up guys! Let's get straight into it: We had some fantastic green candles in the last days, however what goes up, must go down and test support. In case of that, we stand a good chance of Bitcoin testing the 100-MA support-level. It also fits perfectly with the 0.618 Fibonacci retracement level. So support should be pretty good at this level, but time will tell. A generally bullish indicator in this still bear market is the crossing of the 50-MA over the 100-MA. Though they both still are under the 200-MA. In case of a succesfull crossing, we confirm some more bullish indicators. As always just invest what you're willing to loose. Peace out! Monsi
BITFINEX:BTCUSD
by Monsi
BTC/USD - DECISION TIME COMMNG! - By MONSIWhat up fellers! Crypto couldn't be more exciting right now as it's time for a serious decision: Will BTC break through the 10.000$? Or will we see a sideways movement the following weeks? Or was it just a bloody bull trap in a bear market?! First of all, no one knows. Why? Because this market is way to much manipulated by bears and whales - believe it or not, it's a fact! However there are a lot of mixed indicator signals right now, generally speaking though most of them are signaling a bullish movement. To confirm this upwards trend the breakout (above 10.000$) is necessary though. Therefore you see here important resistance and support levels. Have fun trading and only invest what your willing to lose! Peace out! Monsi
BITFINEX:BTCUSD
by Monsi
ARE YOU TOO BLIND TO SEE IT?! - BTC'S PATH TO 3000$What up fallers! We have some real resistance at the 50%-Fibonacci-Level, which will make it drop to 6000$. From there on BTC will probably bounce back for to the next resistance level at around 7400$ as people will expect a double bottom to be the end of the bear market. This will just be seen as another Bull Trap when we are heading to 5000$ and later to 3000$ where the whales will buy cheap and pump it to the moon again. If you don't wanna waste your money in this Bull Trap, this is the way to trade. As ever only invest in this crazy market what you are also willing to lose. Peace out! Monsi
BITFINEX:BTCUSD
by Monsi
1
BTC/USD - Bullish or bearish?!What up folks! We' are having a pretty interesting time in the crypto market right now. On the one-day-charts it's hard to tell where bitcoin is heading, one thing is for sure though, we will break one of the two trend lines (red - resistance; green - support) pretty soon. When we break bearish we may go down to 3200 USD or just see a double bottum at 6000 USD. If we break out bullish, there are several more resistance line to break though till the we' ll reach the 20k USD again. Yesterday we were close breaking through the 200'day-MA, but today there was just not enough volume for that. If the 50'day-MA goes under the 200'day-MA, it's one more bearish sign to look at. As always, just invest what your also willing to lose and keep your stop-losses tight. Peace out! - Monsi
BITFINEX:BTCUSD
by Monsi
2