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BTC Update! Continued sideways action but bulls tryingSorry for lack of updates but not a whole lot to discuss. We've basically been stuck between this low $4,000's and high $3,600's for a month now. The bulls are seemingly trying to inch their way back up towards our key levels of resistance at $4189, $4239, and $4415 but it is quite the boring and slow crawl. A few days of fakeouts here and there with quick pumps or dumps but nothing too significant in my opinion. I'll admit I did get a bit bored the last few days and scaled in LTC for a trade while it was pulling back some and currently hold the position in slightly positive territory. If daily chart starts to roll over and lose its uptrend, I'll be happy to stop out. A few alts have popped here and there I have seen which is great. But overall for BTC its just been a lot of slow and mostly sideways action. Biggest supports are $3858, $3659, $3538, $3338, and our low down at $3129. Some alts certainly look like they have bottomed. BTC however still has not changed its weekly chart to bullish by establishing higher highs. Markets can bore you to death at times so keep an eye on things as eventually the bulls will be back in town. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Oil setup analysis - Daily Consolidation PhaseHi there. Here are my thoughts for oil movements : Crude Oil is on an overall bull run. The average daily volume traded is still constant, counting around 150K contracts and creating a consolidation phase. In fact, the daily chart displays several sideway movements with the following key levels : - A support @ 55.000 per barrel. - A resistance @ 57.500 per barrel. A Medium term (Up to 6months) investment advice would be waiting for a strong breakout in any direction. The next move closely depends on the direction of the break: - A support breakout would dip the oil prices to 51.500 - 50.500. - A resistance breakout would drive the oil prices to 60.000 - 61.000. The monthly, weekly and daily charts are aligned with a strong bullish sentiment. Therefore, We are more likely to experience an upward move. Feel free to comment or give ideas. Succesful trading!
OANDA:WTICOUSD
by Theperfectionist
BTC's most boring update everWhat's up everyone! Bitcoin is like painting a flower on the wall and watch it grow at the moment..... The Global Market cap is around 114 B USD for a while now and also BTC dominance stays high with a current 53.4% No new money have entered the building and people are not willing to sell at these price levels. So prepair for some more sideways action this week.... What do the charts tell us? When we look at the chart we can see that the C-wave that brought us down from 4050 USD to 3335 USD has ended an we can look up just a bit. The first waves up are forming a leading diagonal which indicates we ar crawling just a little bit higher the next couple of days. With big resistance at 3500 USD from the wedge and at 3550 USD from former support/resistance levels our crawling up probably ends there. After this we are going to seek support which probably will be found around 3335 USD again. If we get a nice bounce at the 3335 USD support level we can look up and even reach the 3800 USD level i talked about in the past update. Be patient all. Good times will come again! Like and share if you think this update was useful. Keep you posted!
BITMEX:BTCUSD.P
by Schoppenhagen
5
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
3
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