USD-BTC
ADA/USDT Falling In A PennantADA/USDT is losing steam on Bitcoin insecurity, moving downward towards the lower trend line of the pennant.
To trade this setup, please wait for a break of the lower trend line of the pennant, we dont want to be caught in a fake-out.
On the chart I've marked two major areas of support, S1 and S2. Do your own due diligence.
Happy trading!
Bitcoin is the BIGGEST SCAM going!Bitcoin itself has no value at all unlike Gold and Silver which can be used as money and used in everyday items like solar panels. Price is purely speculation, yes if more people believe price is going to go up and buy it then price will go up, the only problem with this is you need more people to keep buying and eventually the supply of fools will run out.. This is when price crashes and makes people poor. This is why every man and his dog knows about Bitcoin because it is just a pyramid scheme.
If you cant see Bitcoin is in a bubble then you need to give up trading. After a drop price always makes a massive rally to make all time crazy highs, this is just to condition people into holding onto there Bitcoin when price crashes again because now they are conditioned to thinking price always goes up! One time in the near future this is going to happen where price crashes and doesn't go back up making the people at the top even richer and the small people will lose everything.
In Bitcoin there is no value at all, you can only make the money other people lose, it is a massive pyramid scheme. Some larger traders have entered Bitcoin positions which has pushed price up to draw more people into buying before price dumps. Bitcoin almost has a cult following, and we all know how most cults end up.
I could go on all day about why Bitcoin WILL fail but i wont. Feel free to message me if you want to know more..
Is it no more USD in the future ?
Hello everyone:
2020 year has been a wild ride for everyone. Certainly going down in the history book for sure.
Financially, we have seen the rise of BTC, and the fall of the USD. What can we expect moving forward into the 2021 and onwards?
BTC -
Certainly going up in time, but is it the right time to buy now or wait for larger correction ?
we broke previous tops and continue up aggressively, and as USD continue to tank, expecting the bullish continuation structures to form would be more ideal and better R:R entry.
This will no doubt continue the USD weakness as we can expect short-mid term.
USD -
Higher time frame, we can see that historically, USD has been much lower, and from 2018-2012, it was just in a large consolidation overall.
However, price eventually reverse, and we see the up move of the USD from 2014 -2017.
What we can expect is more downside in the short-mid terms, but will the USD continue all the ways to all time lows, and then continue to drop?
or
we can see some USD push back and get back to its good old days of early 2000's ?
Let me know what you expect USD to do in the upcoming year.
Thank you :)
Be careful - bart's head (btc/usdt) Be careful, I think there will be a strong downward impulse soon.
since the growth is uncorrected, the level of 18888 is held.
Need a mini correction, quick and painless.
I may be wrong, but I warned you.
Ps while everything is going according to plan, then as expected a few days ago!
XRPUSDT UPDATE!!!!Hi all,
XRP is currently down nearly 28% from last month's all time high of $0.78. We saw a full 0.618 (68%) retrace from this high to then entering a downward channel. This channel has proven itself through price retracing off the bottom and top numerous times. Yesterday we saw a 20% gain from the bottom to the top, roughly from $0.50 to $0.60. We are still noticing large buy volume coming in, inclining to think that positioning is taking place. The next test done will be between the 0.5 and 0.618 fibs shown on the chart.
Thanks
The Market Sniper Team
If Bitcoin Can't hold $16,000 again...The patterns are emerging that Bitcoin can't test resistance at $20k without retesting support at $16k's. The USDollar index is poised for a rebound which could point to a cash-out event before the holidays.
My new favorites to watch are the 3X ETF UP/DOWN Pairs on Binance. New ways hedge hodled assets or douple dip...
Bsv has done this before. 170-150 range I think Bsv is going to go back up. Eventually it’ll go up in my mind. It might dip lower before going up. But this support like I’ve drawn has been holding well. I buy lows and sell highs. So now it’s a low and at a major support = buy signal for me. God bless.
Bitcoin - BTC retest before moving higher...It looks like the monster has woken up.
I am not a BTC fanatic. I have a few bitcoins and XRP as a long term investment.
I more look at the technical aspect of the market.
I believe the current move might need support and a correction in order for it to continue going higher.
I have market everything for you on the chart. Keep in mind this is my opinion so don't just trade it blindly.
Take care of your risk and money management.
Stay safe and happy trading.
BSV about to break out?Bsv has been going sideways for a long time now. I’ve drawn trend lines and it seems like it’s nearing a decision point. If it goes down, then I’m putting more in there. If it goes up then good. Either way God bless. Jesus loves you.