BitcoinAddict77

BitcoinAddict77

The current uptrend might take a much needed breather. Here is a possible short term retrace based on the hourly chart. Sell/Short area: $4570-$4600 Target 1: $4520 Target 2: $4500 Stop: $4620 For the larger medium trend reference my previous chart:

BitcoinAddict77 Updated 

The current uptrend on 1h, 4h and daily charts looks tired and we might enter a correction phase for a few days. Here is a possible short trade (Bitstamp chart): Short on a break of 4350 support Target 1: Trend line from 300 bottom (estimate around $4260) Target 2: $4100 Stop: $4400

BitcoinAddict77

The current uptrend will start to slow down around 4385 which was a previous resistance/support (4-5 different touches on the chart) Short at $4370-$4400 area Target $4200-$4240 area Stop $4450 Good luck!

BitcoinAddict77 Updated 

I think we are going to break the current consolidation to the upside and reach the 4080-4100 area before another pullback and a bigger break over the 4100 resistance area. Go long in the 3900-3950 area. Sell half at 4100 Sell the rest 4300-4400 area

BitcoinAddict77

We are getting out of time and BTC will either break the downtrend from the top or break down to do some kind of retest of the lows or even make new lows. Get ready to place your medium term trades.

BitcoinAddict77 Updated 

We have a positive divergence and should go up at least to the falling trend line. If we break the trend line will be bullish. Otherwise the recent drop should accelerate with a break of 3500. I give it 70% chance bullish for now.

BitcoinAddict77 Updated 

What do you think about this setup? let me know in the comments.

BitcoinAddict77 Updated 

We have a positive divergence on the 15 min chart. We could bounce about $100

BitcoinAddict77 Updated 

This is just a short term trade against the over trend. Be careful and use tight stop orders.

BitcoinAddict77

There is always a reversal to the mean. It doesn't matter how much time an asset spend in an overbought/oversold condition the price will always catch up with the mean average. In this case I am expecting price to meet the 20 MA. Of course if you are too early trying to trade this you will have a very hard time.

BitcoinAddict77

We have two possible paths from the current level

BitcoinAddict77

I think we are going to find a bottom soon between 4000 and 4200. The downtrend channel is still intact for now.

BitcoinAddict77 Updated 

Buy the break of the falling wedge for a short term long trade.

BitcoinAddict77

Buy ETC on the break of the downtrend line for the continuation of the uptrend. Target 0.0055-0.0065

BitcoinAddict77 Updated 

Some divergances on a few time frames as well as overbought conditions will result in a few days correction.

BitcoinAddict77

If current downward trendline is broken we should see a retracement back to 1.1950-1.1960 Stop at 1.1820

BitcoinAddict77

Buy on break of the trend line and when MACD cross over. Good luck and preserve your capital by utilizing stop orders. In this case for XBTU17 a good stop will be under 4250.

BitcoinAddict77 Updated 

We should break down from this triangle and go down another 300 points from here. Good luck and always use stop orders!