If you're looking for an exit, tomorrow might be the last chance. High chance that there will be a bounce toward $12 according to MACD and WT 60 before retracing back to former $2 - $4 region in the coming weeks. If on the off chance that it doesn't hold support, one can expect the price to plummet to that region as people lose hope and a giant sell-off occurs....
This looks bad. Real bad. Possible buy opportunity at 5k or lower in the next 2 months.
Is this "The September News"? Honestly the whole dissapointing September drove the price of this token down, and will most likely go down even further. However, there is a chance of retracement before hitting a lower bottom in price. I personally picked some up for potential quick profit.
How long can one asset stay in the oversold region until something actually happens?
Almost the right time to buy if someone were to make a quick profit of roughy 20-25%.
But here it is. My mind still hasn't changed.
Well, not "Bull Trap" in a traditional sense because OMGBTC follows such an unusual pattern. Short term gains to resistance level at roughly 260k satoshis seems increasingly likely. Once it retraces and wanders through that 5th fib level for a bit (7-14 days,) we may likely see a continuation of the downward trend until it corrects to third fib level at 140k...
I'm not sure why people bother looking at 4 hr charts for BTC tbh. Maybe I'm missing something? You have to have some real guts to swing trade and short BTC. And my chart shows (hopefully) exactly why. There isn't any "correction" that needs to happen because we're already very close to the mean. And yes we are a bit over RSI and Bollinger Bands/ Keltner...
I'm not sure how much clearer this trend can get. Small retracements might be approaching soon but overall it seems like we're still far from a reversal. ARK recently fell below support to enter the third fib level which may or may not be the bottom but it's too early to tell. Pretty textbook example of an altcoin pumped by hype.
With ICOs coming up and Chinese regulation easing, NEOBTC could see another pump similar to Ethereum's in April/May. Looks like it's ready top break out any time now. Very optimistic.
Bitcoin had it's historical run to all time high levels this week, reaching a top price in the $5900s. However the risk/benefit ratio must be calculated carefully beyond this point. With the MACD slope decreasing and showing signs of a more beraish reversal, there is a smaller chance of Bitcoin reaching $6000 and beyond. With almost an equal chance of it...
Many of you are not going to like this. I don't even like what I am seeing. LTCBTC pair is showing a textbook example of a head and shoulders pattern. We may currently be seeing a classic pullback into resistance of third fib (green) level, before making a huge dive into the lowest fib level (red) based on the height of the head. Not entirely sure what would...
We may see a few days of quiet before a much larger spike in price for XRPBTC. The aniticipated Swell Conference is most likely pushing the price up, but we still have not reached the FOMO phase. A better entry point may come in the next couple of days, but this all depends on how fact the FOMO hits.
Taking profits here as most indicators show a slightly bearish future up ahead. Many alts are in the red today, however since the ICO for red pulse is over there seems to be a dump in NEOBTC back into the BTC market. Was a good run! For those still holding, best of luck!
If this is anything like a couple of months ago, we may reach $6k. However, the odds aren't necessarily in our favor. Let me know if you have any questions.
Looks like BTCUSD is nearly ready to break resistance past all time high levels. However the lack of new money coming into the market is stalling the growth of BTCUSD, and only hurting the alt markets. Many alts are looking like they are about to show long term reversal patterns, while Bitcoin seems to still be on it's way up. Most likely the demand for...
Slightly bearish for $PTOY at the moment. Negative comments from CEO, competition, and FDA issues may stall this one for a while.