When traders see patterns then tend to force them patterns to play out. Bitcoins' past shows us that it follows it's previous behavior MOST of the time.
Using the previous pattern on the downward trend this is just an idea of what could happen over the next week or so with bitcoin.
What we see here is a basic play on support levels. Short term positive movement most likely followed by another flush down.
I've been stocking up on alts since I've seen money start flowing back into them. XVG looks very promising here and here is my highest price entry and my plans so far.
Be on the look out for a small dump followed by a rise into the ribbons. At that point we will either correct and return to bear or continue to push through. Personally I think we will dip some more before we land on the moon.
Should be a clear sign on the daily that we're in for a rise in USD.
USD will slowly rise against the yen today. Looks like we could see some really good action later on in the afternoon.
EU looks like it could break downward to retest the 110 area. With the US news today we should see a rise in the dollar.
Bitcoin has started climbing. Stay tuned for my short spot.
Looking to close my long around 110-112. If it plays out bigger than that probably 115-120 by next friday?
10k INBOUND!!!! BTC looking to push above the 200 EMA and after that we will see what happens. I'm looking at closing some positions at $10 and seeing what happens.
Bitcoin is now in an upward channel and approaching the 200 EMA.
A clear option for a long. UPWARD channel is still in play.
Check out how resistance became support. Watch how the lows are higher. Keep your eyes open boys and girls.
You can expect BTC to bounce back up into the 200 EMA before continuing up or correcting down.
BTC could rally up for a period of time in the coming days. We will break down into a 1hr chart to see what happens on a shorter time frame.
So as you can expect after the binance giveaway there will probably be a dump but lots of people will probably hold out. The patterns seems to be following the trendline for now. Probably a nice pump before midnight tonight. Keep your eyes open.
So after drawing some lines we can see support and trend-lines forming. With everyone buying the coins for the Binance give away we can expect high volatility and hopefully a significant rise in coin value.