Hey! I think we don't have any more fuel to keep this bullish movement. RSI overbought for downtrend again,there is also divergence, price bounce of second strong resistance, even though we passed EMA50, i guess we are done and we going down now.
Hello there! Looks like we reach second strond support/uppertrend like so mostly like we are in consolidation period for now, formed by fourth elliot wave, so yeah. let the train back up a little bit.To make sure for a price moving up we are allowed to open long trades at 7000 zone when we breake a lesser downtrend line. we got like 3 resistance line till 9000...
In our world, you can not be sure in future one hundred percent. With the growth, demonstrated by bitcoin, it is so unnatural to keep gettin ATH for now. Some people took a lot of profit on the top, and i hope there is no surprise for you if someone gain money, someone lose them, it is how the any market works. The King need healing, so let it be. Good luck.
Traders struggle for the future of bitcoin. what do you expect in future? how long does downtrend keep bitcoin in this area? Where are the big whales and why dont they throw money into our bubble. I hope soon we will get answers all questions that in our minds.For now people, we are cleary in downtrend, mostly like we are going down, good luck!
Hey! This is a short term trade. There is a 2 lesser supports, and two major onces. depends on the bitcoin future movement, we can either enter long or short position, the conformation will be breaking lesser supports line and price mostly like will move to stronger support lines.
Moving in uptrend, RSi allows to open long trades, great potential overall.
Well, cleary some kind of correction is going past two week, market is finally coming to a point when we finnaly see they future of btc, even though it is a classic descending triangle formation, i doubt we will see ( 8200$) levels, since it is bitcoin, the crypto king. Otherwise i would be pretty happpy to buy some at next support line :P
This one has some great potential, looks like a strong uptrtend, expecting new high's by the end of feb. Some nice updates @ Q1 2018 blog.sonm.io
Looks like a falling wedge pattern, market at the bottom at this moment, RSI confirms price reversal, some good news @jan 2018 conference and announcements! waiting for breakout!
Seem like a full ew cycle has been completed, stop loss below 800 sat, profit targets at 1500.
Just to make idea clear, here is same idea iv posted few days ago, it is just a new timeline interval (daily chart) with Heikin Ashi candles, to reduce noises, so we can clearly see what is going on with market. Usually in uptrends, bottom of RSI is 40 instead of 30 and 50 Moving Average indicator with 0.6 fib bounce is a great signal that is unpterd is still...