Bitcoin has been able to hold the line, establishing 6k as its recent bottom and making an increase of almost 30%.
Using 4H chart as reference , we can see that 9 and 9.5k are its near term resistance levels while making 7.8k as its nearest support. Adding ichi moku clouds into the mix, it is imperative that it doesn't hit below 8k anymore .
Chart references...
Please check the attached chart image here .
In a span of a single week since the last time I published my bearish idea for BTC/USD , we have witnessed a waterfall event amounting to a drop of 40%.
Now that it's currently at 7k range again, it's a good thing to ponder if we have already seen the bottom of this correction. Massive correction. Yes, you read...
Please check the attached chart image here .
My last week's bearish idea for ETH/USD materialized and now, for the first time, it closed below 50% fib and trading below the green cloud.
We might see this hit 776 but until then, stay disciplined and always follow your stops.
Verdict: Do not even think of going long unless you know what you're doing. The...
A crucial moment for the mother of all coins. Bitcoin must be able to hold the line above 9,973, else, a drop below this point will send it down towards 7,800. Attempts will be made to get it back to 12,000 but until then, a solid stop loss at 9,973 for those holding long positions is a no-brainer.
Verdict : It's shorting time.
Note: PlusCoin ($PLC) - A...
It's too early to tell how ETH/USD will move this week. However, using the daily chart as reference along with fibonacci retracement, I would lean on having a bearish approach.
If I would short this, solid stop loss must be implemented at 1,286 and/or 1,295 if one feels that adding an allowance would be a benefit.
Note:
PlusCoin ($PLC) - A decentralized...
