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BTC Still Hovering Around Resistance!In the above chart you can see Bitcoin is still hovering around the 16.8k resistance level on the 4h and still hasn't definitively closed above it. Although looking at a few indicators, I'm seeing some bullish signs: 1. The more a level is tested, the weaker it becomes (i.e resistance is becoming weaker) 2. The RSI crossed over the signal line and is climbing to the upside 3. The MACD just crossed its signal line to the upside as well All of this combined with a weaker resistance usually means a strong breakout is on the horizon. With that said, I don't think I would buy right here, only because of the macro economic environment with things still being shaky. I would wait to buy until one of three things happen: 1. Bitcoin closes definitively above 16.8k 2. Bitcoin falls to its support of 16.3k or 16.1k (where I would buy at both levels) 3. If Wave Fusion gives me a buy indication at a support level If Bitcoin does break the 16.8k resistance, I'm looking for it to retest 17.3k (which also coincides with the 200 EMA) and rejecting a least once back down to 16.8k before longing again. If this helped you out in any way or you had any questions about the indicators used, please comment below or send me a PM :)
Long
by CryptoScripts
Can Bitcoin Break Back Above Resistance?On the BTC 4h, we can see the Wave Fusion indicator called the short perfectly at $18k. Since then, Bitcoin has broken through three major support levels. Now it's currently at resistance of $16.8k trying to break back above. Let's look at a few things: 1. The 4h RSI was oversold yesterday (last time it was oversold was Nov 21st when we started the upwards channel) 2. The MACD is starting to curve back to the upside. It hasn't confirmed, but this is a good sign that sell pressure is relieving temporarily. 3. It's tested resistance a couple times in the past 24 hours and as we know, the more you test a level, the weaker is becomes With all of this said, I'm expecting BTC to eventually break the 16.8k level, climb to 17k, then retest 16.8k where I'll be taking a long. But I'm WAITING for that confirmation first (it needs to convincingly close above the 16.8k level on the 4hr). If Bitcoin can't close above 16.8k, then I'm looking towards the 16.3k level to take my next long. If you enjoyed my TA or had any questions about the indicators I use, please leave a comment or send me a PM :)
Long
by CryptoScripts
4
TAG Heuer adopts crypto payment optionTAG Heuer announces crypto payment option The watchmaking company wants an exciting Web3 experience Crypto payment has a spending cap of $10,000 per transaction TAG Heuer has announced that it has enabled a crypto payment option for customers who prefer to pay for goods on its platform. The company is a powerhouse that creates, designs, and sells wristwatches and other fashion ornaments. Some days ago, it made the announcement stating that traders can leverage up to five top digital assets and five stablecoins to pay for their goods on its online platform.
COINBASE:BTCUSD
by henryartem
2
How Markets Reverse - Potential Scenario For 2018 We are approaching a critical moment of which I have been waiting for approximately 6 months. The capitulating fall which forces us to crash down to the previous break out points that will allow us to now reset the downtrend and break out of the critical resistances that are above us and continue our journey back to the high's. If anyone follows my charting, late 2017 I have made it very clear, although my targets were a bit off that we are in a head and shoulder scenario where the market is going up very quickly and will certainly crash back down and return to where it started. As of now we are working on this move down, If we are able to quickly capitulate I am certain that we will find a load of buyers to drive us back to the high's. I have two scenarios at this point. Scenario 1) we are too weak and will crash down now to our $4kish target 2) Bulls give it one more try and fail at the 9k area and the we will just post-pone the fall by a few weeks maybe one month. Ultimately if you are in a position now you may want to reconsider or lighten the positions as once we drop we will be able to get prices that are a lot more appealing then what we are seeing now. This way you'll have funds to "buy the dip". If you have any questions drop them in the comment section below, I usually respond to messages pretty well. Also like and follow my page, Share it with friends and be safe out there. Dont go risking your money. A good trader is a trader that knows how to preserve capital and maximize returns.
BITFINEX:BTCUSD
by TheCryptAlpha
6