Price could come down after the little consolidation with some 45 pips down move before heading back up. It's important to note that this whole up move is only part of a correction; hence, sooner or later, the downfall will continue. I will keep you updated.
It would be a very bad idea to short yet. Still expecting some up moves for btc. It's important to note that price is crawling down on low bear volume after an impulse. very high chance of price going up once the channel completes.
two lows where tagged on the chart. price should turn up from one of these lows (more probably, the higher low) and follow the purple arrow to complete the flat correction.
*NOTE, THIS IS NOT A TRADING ADVICE* price will get to the top of and beyond the yellow arrow with increasing volume.
PLACE S/L at 110.92. there is a possibility of 300+ pips on the downside medium-term, but waiting for more confirmation.
This is a correction (in a bigger correction) of the previous impulse of same degree . The euro fell sharply few days ago after the European Central Bank (ECB) outlined its exit from quantitative easing (QE), and claimed interest rates won't likely budge for more than a year. that accounts for the strong impulse in the corrective waves. That fall was purely...
the price could either turn from 6900 and head down to 5400, or it could make a correction and then head to 7900. i'll close longs at 6900 and wait for a signal to re-enter
Bitocoin has hit a major resistance level in the Daily Timefram. it could correct now before moving down further