BTC most likely scenario for next 3 monthsVery simple pattern here in a world of too much noise. I expect a rally until Christmas and then pain until Valentine’s Day. #BTC #BearMarket #ChartingTheCourse
Whenbottom
ALNEV to 0.05 after the recent news? EURONEXT:ALNEV
Trading at range lows. Very risky and that's why a tight stop loss.
#DYOR #NotAnInvestmentAdvice
BTCUSD Housekeeping, Zoom out for clarity!Been a while since we looked at bitcoin, that's cause a lot of sideways move makes for boring reviews. So here we go after the recent dump we have removed some clutter out of the chart and zoomed out for a bigger picture type of trade opportunities.
What's new?
-Bitcoin is approaching what we believe is the strongest resistance line going back to its first ever parabolic move
-Failure to hold this line will see us crashing hard into yet lower lows and most likely revisit 7000 ranges
-As time passes with more and more drops we being squeezed into an ever tight channel and 10000 becomes support the bulls don't wanna drop
What's the Good News?
-Well, one could short until 10000...will take some balls, or paws!
-A trend reversal is always looming, the RSI is extremely oversold, flirting below 30
-Targets for the Bulls should that rally come 10900, 11400, 11800
-Breaking the sloping resistance could see us retesting 12300 failure to breach it would see us rinsing and repeating the same old trend
As always Trade Safely, Happy Trading!
Words from the skeptical: Bitcoin is nothing but a Ponzi Scheme for the moonboys, this is not financial advise, I am nothing but a moonboy!
BTCUSD Trapped in another slow downtrend!After breaking to 10200 as expected, we again trapped at yet another potential slow downtrend towards 9800, 9700,9600, 9400...bottom line we have created so much confluence with indecision there is no clear signs of a major break. Bitcoin is now trading more like a stable coin than the volatile monster that we came to know. I will be adjusting the orange slopping resistance as the trend paints a better picture of direction, the rest have been playing in line with the trend so far.
Play your cards close to your chest, buy what you can afford and dump only at a profit, do not feed the whales.
That said Trade Safely, Happy Trading.
A word from the greats: This is by no means financial advice, I am just but a foolish bull!
BTCUSD When things are this smooth and obvious! Should we worry?We just set another lower high, unless the Gods of Bulls charge from thin air expect us to continue meandering down. Predicted moves are still holding with the addition of a tentative support at 9600 failing to hold this on our way down will see us registering yet another lower low before long. We are currently trading on thinner support and resistance range, so ready your guns for an eventual definitive move most likely downwards. I will be charting some new lines in the near future so far the ones in the chart currently are plenty helpful.
Yet, plan in advance and don't ignore to be optimistic with the bulls, that said, Trade Safely, Happy Trading.
A word from a wise swing trader: Do your own research, this is not by any means financial advice.
Potential bottom?If we can see a reversed head and shoulders here alongside with the volume that just came in and the macd forming a (crossing) upward trendline, then I do believe that this was the bottom at 6k.. However it's almost impossible to predict the bottom of this
reversal?Good volume coming in and a bounce of the bottom trendline with a crossing macd. If you look at the daily candles the rsi is extremely low, which often indicates upside coming back into the market. I definitely expect btc testing the resistance of the trendline again. And maybe even breaking it if the crypto news out of the USA turns out to be good. What do you guys think? This might also just be a bull trap.. but i don't think so.
