BTC currently tradiing into a Wedge form a downtrend statistically this means a continuation of the down trend. Overall BTC is bullish and I remain Bullish long term. In the short-term their is evidence from the RSI, MACD divergence on the daily along with indications from the 4HR BTC.D and TOTAL2 charts that indicate a retracement to approximately $48-49k. If...
all need to be careful when the workweek starts as this is the only weekend that a BTC pump/ breakup has occurred this year with no institutional involvement. One of the reasons that the volumes are less than the last few break up runs. Institutional traders are know to bring the price back to them on a Monday,
This is an opinion only not trading nor financial advice if you have an alternative and do not agree then please share ;)
$SAND is a another gem that is less than a year old and has not had the 10000x run that most others have. It is number 4 in the NFT and Metaverse space with Enjin being number 1. research the fundamentals first if you are interested but all indications are that this coin still has a way to run and has plenty of profit left in it. This is not trading or financial...
All here is my interpretation of the current BTC price action. This is not trading advice and is my opinion only. Detail written on the chart. If you dont agree or something is incorrect please let me know. Constant Improvement keeps you relevant. Cheers
See text on chart for this idea. This is only a thought and not financial advice. If you agree or have some points that you dont agree on please leave them in the comments as I appreciate others opinions. Cheers smijas
BTC USD on the 1hr chart Bittrex. Double top and a downtrend inidicating slow retracement from the ATH. I will say that this is BTC King of Coin and there has been a lot of TA that has not played out. So I am 50/50 on this due to current market conditions. If we continue to form lower lows and stick to the channel then we may be on our way to a correction that...
Not being new to the world of FX but now in Crypto. Why in the crypto world do we see drops like this. Theoretically if the sell off was BTC only due to Koreas potential banning of exchanges then surley it would only affect bitcoin. And if it only affected bitcoin all trading pairs against bitcoin should have gotten stronger (more bitcoin per token). Why do we...
Looks like we are back to upside with PIVX will be more comfortable once the 100 day MA crosses back down below the 50 day MA. Any feedback on the thought let me know All trades are your own I do not provide any trading advice this is just my thoughts and outcomes.
So looking at a simple analysis on this as it is BTC and it open to some strange behaviour at times. Forecasting a bearish channel moving into the new year around 11k with a resistance level around the 13-14k mark. As mentioned it is BTC and it does not always go the way you think. Any comments suggestions or your own forecasts share them with me. Happy to...