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Sideways

BTC has broken the long-term resistance, ZOOM IN & LOOKOn all exchanges it looks like BTC has broken the long-term descending TL that WAS a steep sloped line so sideways action has done the trick. We could draw a new line but it just wouldn't be perfect like this one. This also gives us room to complete the ole C wave taking BTC to that 4300 range. Please leave feedback, it's much appreciated! Funny fact: I just figured out that when looking at "Trading Ideas" of anothers' chart, you can set it to "auto" "lock" or "scale price chart only" with a right click in the price column just like your own charts. I've been stretching up down and sideways to zoom in and out and I've prob wasted a couple hours doing it, that I'll never get back! So if I can save just ONE person even ONE minute who, like me, wasn't aware then I've done my job. lol
BITFINEX:BTCUSDLong
by yankecwby
14
Possible break out? There has been really nice bounce and price is now testing the sideways resistance, if we break out and we manage to stay two 1D candless above the sideway line, then we could see rally to the first resistance (yellow line). If we break more down, then we could see indices that Bitcoin is going to retest the 3.100 USD price. The market is highly manipulated, especially at this low volume. Stay sharp, its better to buy BTC with even more discount if possible, however I believe we could go temporary up to 4000-5000 USD if the break out will happen and the price bounce nicely.
BITFINEX:BTCUSD
by Rezonator23
Banco de Crédito e InversionesChilean Stocks. Pure Technical Projection. After last Rally, price is in the respective correction seen as a soft dowtrend-sideways market => Bull Flag. Hard to tell how long will the flag last, but probably it will take some time. After this phase get completed, volatility will be present and an expanden sideway market will be the first step before the new bull run. Banks are never bearish nor under bears-control, they just harvest some of the yield and than let the grass grow to eat later. Wait for retest support (lower flag band) to get an entry before breakout.
BCS:BCI
by SolMar
BTCUSDT BINANCE: A quick update. on 10-22 We had BTC -0.24% moving within the channel looking to make a move back into 6600. This failed and BTC -0.24% decided to take a small dump down to 6515, stalling temporarily a lot of the momentum that was gathering in many of the alts. At the time of this writing we see that BTC -0.24% appears to be accepting this level for now gearing up for some sideways action and that much of the momentum within alts has resumed. Note that the top gainers today so far on Binance are a new set of alts than the last 4 days. Looking within the yellow channel region we can see that over the past few months that this is the strongest sideways support that BTC -0.24% has had in terms of the length of time that it can spend within the channel. This bodes well for a potential movement within the alt market to keep momentum flowing... However, as we are dealing with BTC -0.24% there is always a risk that we might swing around 100$ easily. Today, on 10-23, I see BTC -0.24% going for another attempt at 6600 as the indicators appear more primed than yesterday for a push back to that level on several timeframes. What we need to watch out for are sharp downward price drops on the low timeframe with increased volume that will bring about a sudden panic in the "low level traders". There is still a strong bearish sentiment within the market despite the profitable % gains within alts these past few days. Be prepared for a drop of BTC -0.24% back to 6300 region always but enjoy this start to a positive sentiment for today. For now... enjoy this sideways action and take note how .4 % swings in BTC -0.24% price downward are still effecting many of the alts.
by Altcoin_Ninjas
Sideways movement on DowWe doubt that there will be much bear move at this point, but we shall continue monitoring the price movement before making any decisions. Dow fell last week and got some price rebound off the supply zone. Yesterday, we saw it moved around 300 points which was more than what we expected. At this point, we still have a slight bull bias in the near term but it depends on price level and weakness. With the trend still intact upwards and stochastic in our favour, any price between 25100 - 25250 may be an ideal entry point for good risk to reward. Do also catch us on our Instagram for more updates www.instagram.com
DJ:DJI
by TradersArticle
State of Mind October 18thNew day on the cryptos market! What happened last night? Overall, the market has remained stable, as can be seen from an analysis of total market capitalization, which has stagnated at $211 billion. The Bitcoin is still evolving laterally for the moment staying around $6,740 still in its trading range with its support at $6,650 and its resistance at $6,800. Over a period of 1 hour, the evolution of the technical indicators is uncertain with a MACD and CCI that evolve in a neutral way and a WaveTrends that crossed with a downside risk. However, over a 4-hour horizon, the indicators are negative with a WaveTrends and a MACD that evolve with a downward trend. In conclusion, this sideways market could head in both direction, that's why you must use stop-loss if you try to profit from opportunities on the market ! More info on t.me
by Arnaudcrypto
Bitcoin | The Calm Before The Storm? [BTCUSD]Taking a look at the BTC charts today, Bulls and Bears seem kind of in equilibrium. The range is getting tighter and tighter. I don't think we will immediately break above 6.6k or below 6.2k. We mighty consolidate between this range for a while. This may seem like BTC has finally stabilized, but I rather think it's the calm before the storm. We're at the end of a multi-month consolidation pattern - therefore, I assume that we will see some violent moves soon. The upcoming ETF decision is probably the catalyst. Bitcoin going sideways may give Altcoins some room to breathe. Since they've been dragged into the dirt so much, I'd assume that they go up during BTC consolidation. Patterns Ascending triangle or bear pennant. Pick your poison. Have a nice day!
BITFINEX:BTCUSD
by REKTCryptoTrader
NEO - FOLLOWING THE LEADER Hey Everyone, a few Friday night thoughts here for NEO, as many of the ALTS are currently, NEO is also following in BTCs footsteps here with a channel and lots of sideways action... I love when channels form they are simple and easy ways to trade, as you can buy support and sell resistance. :) The channel points nearly always coincide with the Fibonacci lines. I always like to add these just to double check. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BITFINEX:NEOUSD
by LisaNEdwards
8