Using the bull run from the beginning of November as a historical reference here is a possible scenario playing out that might take us back up to the ATH area, and the top of the channel.
A small pullback, or profit taking shortly wouldn't surprise if this is indeed the way it plays out.
Bitcoin has been on a pretty strong run the last 4 hours, but it doesn't look to be breaking either the 6900 or 7000 resistance points just yet.
The volume looks a little weak on this push.
6945 is the .618 fib retracement from the ATH to the chaos low during the Bcash bull run that we saw. There have also been 3 daily lows of 6900 in the last week or so, so it...
Consolidate and push higher?
Whether FUD or very real crypto politics. The move is bullish for BCH.
Potential for consolidation at this fib level and with good volume in play it could be going higher.
BTC broke down below the uptrend support line, and dumped sharply down to the .786 fib retracement area, where buyers quickly stepped in. This buying pressure then formed a bullish hammer on the 4hr chart, which looks a good entry to go LONG toward a new ATH.
Previous strong hammer buy signal was very successful on the 18th of October.
Enter around 5520
Target 1...
Market having a little rest with a small retrace back to the 38.2% fib level. Think this will give it some extra gas to push up toward the 61.8% fib level in the next 3-6 hours.
FOMO at its peak right now makes it a good time to think outside the square...
BTC at the top of the channel at point of resistance around 4600.
RSI overbought.
Money has shifted into BTC from Altcoins in a wave of fomo that spread across the globe with people trying to 'cash in' on the upcoming forks. But...
The depleted altcoin market now presents a much...
Just getting a pump as i do the analysis now. Still an ok entry.
Fundamental news coming through to be listed on Asian exchanges in Q4 2017 (none specifically named)
Will be running a dAPP on QTUM network, that news released early Oct, with minimal effect to price.
In a strong supported buy zone right now.
Looking for ~100% return to recent high and 1st Fib...
Whales have been suppressing price on RISE. Bounce off support from daily chart at 7600 sats. Sell wall getting pushed up. Volume returning (indicative on 1hr chart). Sharp upturn on RSI 4hr.
Popular mid-cap coin.
Suggest 50% entry under 8000 sats, with targets as specified. Currently 7800 sats.
Set 50% entry at 6500 sats at base of buy zone.
Anything sub...
