After one year pullback, USDZAR technically gives us potential opportunity to long. It may be the better option to take position after breaking the downtrend line. NFA
Trade safe guys..
Ethereum price is on critical resistance. Basically, it is a possible short opportunity for short-term but daily candles seem decisive right now. If we look at the 4H timeframe, we can sharply see that bears and bulls are at war to set the price. If it breaks above I will set buy order after first pullback. Otherwise, I will wait for a daily close to make a...
If we see the big picture, there is a strong long term trend that comes from 2014. I believe that we will see the reversal from that point.
Trade safe..
Hi BTC lovers,
I know that we all sick of this sideways, noisy action in the last couple of weeks on bitcoin. Based on this price action history, we can set the following trend lines to assist us with the forecast. We may see the sideways action this week too but from my point of view, the news in global markets can push and set the price. I will set up the buy...
Honestly, guys, I am not sure which trend should be followed on #bitcoin nowadays.
Everyone is being tired of guessing the forecast. I will stand on this, lets see what will happen..
Hi everyone, I hope you ALL well,
Look at this beautiful mid-term ETHUSD chart. I believe most of the traders even analyzed it before but I would like to share it. As long as we stay on the trend and if we will not see sharp downs on #bitcoin, I believe that the reward ratio is higher than #bitcoin. The price may swing for a while in the narrow triangle but I...
Hi guys, hope you are well, it is been a while since I shared my last idea..
Based on the last chart, bitcoin faces a lot of resistance to break out 7300-7400 levels. Daily closes can not break the resistances for a while. If you have a look at the chart, you can see the downtrends, daily MA50, fibo retracement which keep the price stable on this level. Of...
Hi guys,
After the last dump, we can clearly see that the price still holds on following the last uptrend channel. However short position needs to be considered if the price goes below 8900 level.
Sincerely..
Hi guys,
We are again at critical resistance for bitcoin on the chart. There is a descending triangle that can confirm the price direction today. The fact that weekly MA50 and EMA34 still hold the price above. If it breaks below, we will see 8200 and 8000 levels. But if we close the week above, I will try my chance for long.
Okay guys here is what I see..
The downtrend is confirmed and I believe that we will see higher lows and lower lows b/w 9200 and 9450. This gives us a short opportunity on higher lows for a short term trader. The support is @ 9200. We will see how buyers will react on this level.
Bitcoin is on the last critical resistance @9500 level. EMA34 and MA200 are the critical resistances on the 4H and daily timeframe which holds the price above. Once it breaks below, the downtrend will be confirmed and the bearish scenario will be considered. The next target will be 9250 on the downtrend channel.
Bitcoin is trying to get back to the previous bull trend channel which was already tested in 4H timeframe today. However, there is a downtrend comes from 10500 level. In my opinion if it gets back to the previous trend long position should be considered.
