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(BTC) What's happening? Dip or new ATH?If you pay attention to the momentum, it becomes weaker in the falls during the price compression But BTC dominance is declining which has weakened it. What is clear is that Bitcoin holders are waiting for US decision on the BTC Spot ETF. which if approved, would be a strong price stimulus. It's better to Take a little profit. Then you can buy potential dips and if Bitcoin decides to touch new ATHs, we will not lose anything. Because in the next few years there will be many great opportunities in this market and we will use them 😉
BITSTAMP:BTCUSD
by CryptoSideway
1
BITCOINS chaotic price-action is causing confusionHEy tradomanics, looking at the previous price-action and momentum of BITCOIN we see a little bit of mixed signals and confusion. The recent wash-out and so called "flash-crash" is usually a strong indication for stop-loss-fishing and so a very bullish sign. All combined with an S/H/S-Pattern which should attract more sellers to save profits or to bet on shorts actually less necessary imo. If all this liquidity got grabbed by bigger players, we should actually see a reversal and so more strong momentum to the upside. Since we`ve seen another quick fakeout abpve the current trendline, the market continues to consolidate between the neckline of the S/H/S and TL. What do you think is going to happen with Bitcoin in short-term? Does that wash-out soon will cause another rally? Or will this S/H/S get triggered again?
BITSTAMP:BTCUSD
by Trading2ez
5
BITCOIN with probably 11% Correction!Hey tradomaniacs, Bitcoins price-action has formed an S/H/S-Pattern which should according to thge textbook cause a healthy 11% correction with the recent breakout if it gets confirmed as soon as the neck-zone gets re-tested. This correction would be very healthy for the current trend and could give bulls new DIPS to stack positions. Let`s see what happens :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
BITSTAMP:BTCUSDShort
by Trading2ez
1
DXY about fo FLY? Why US-Dollar could move up and why not!Hey tradomaniacs, technically we see a great recovery of the US-DOLLAR in form of a double-bottom in the bigger timee-frame. If its technically a long, shall we go for it? I personally think the entire market is way too crazy to make safe calls as things can fundamentally change very quickly! Many specialist have different opinions on different outcomes looking at different scenarios... so the market might not really know what the long-term-trend is. Check the charts and see why the US-DOLLAR could move up or down, depending on what we are going to deal with during the next two months. :-) There are obviously more points to look at, but here I give you a little overview of current important topics. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
TVC:DXY
by Trading2ez
1