BTC was on a record run until news from China to halt crypto exchange trading and banning ICO's. Downtrend continues with rumours of also banning miners. 20 billion liquidated from market cap as Chinese investors cash out. Possible buying options at 2600 unless it breaks the downward trend line.
Seems to be following a general descending triangle since around the china announcement dropping to a resistance of~.95 before a small price adjust then dropping to ~.95 of the previous resistance. This is my first analysis and if I've gone about anything wrong, tips would be appreciated as well as any feedback.
We have reached the first target. Maybe some extention down to reach the green bar, only if to recover back to these levels can be ok. If these levels do not hold. We have to replan everything
Buy areas for BTC. Assuming we dont get any negative news surrounding bitcoin, we should be witnessing $5,000+ very soon.
I haven't placed a trade in a couple weeks now.... I want to get a fresh perspective on where we are and where we might be heading using simple chart analysis with fibonacci retracements. From our recent high to our recent low, we are currently sitting slightly above the 50% retracement level. Looking at the next levels, I see resistance @ ~$686 (.618...
My daily MA got broken. Sold another 20% of my bag which was bought @ 620.00. I'm expecting more downward moves at this point. Bearish DIVs on daily MACD. Tons of Bear scat on the 4 hour also. A single clean break below the Kumo. Chinkou Span below candles, T/K are both in the negative. %B went into oversold territory but BandWidth is showing me that this...
Price should bounce back to breaker before g long again
Idea 1 Inverted Head and Shoulders breaks up and fully retraces the dump invalidating the downtrend movement showing strength. Idea 2 Inverted Head and Shoulders breaks down continuing downward pressure and finding support ~3800+ and continues uptrend. Idea 3 Inverted Head and Shoulders breaks down continuing downward pressure, finds support ~3800 and...
BTC/USD is looking a bit bearish at the moment. $470 proved to be resistance once again and has made a lower high at $466 on the daily chart. My concern is the break below this blue dashed line could be a sign of selling to come. The volume is also not matching that of a true breakout from the $420 area. The DMI has been showing lower highs on the weekly (a sign...
Current indication is that the new major trend is up. My suspicion is a lot of people are seeing the very long term dashed blue trendline as a significant support line. This looks reasonable to me as well as it has much more significance than the newly dashed red trendline, which has been breached on Bitstamp. The ADX is also at a historic low point, which...
Big dump from 3015 and now retracing that dump, it'll retest the structure, fail and drop. Once it begins to drop, depending on market sentiment it could floor to 2800 or bounce at 2850 support. After ~2 days consolidation from the point it hits, it will fly up to resistance and test for the third time with a breakthrough. Shorting the bounce then longing the bottom.
Buying 435-442 is good! if those prices hold we should head to 500 afterward All buying opportunities will come till 8 May Use them wisely Good Luck
We will get to 460s, 500s, make a little stop then we will continuo to 600s This trade could take 2 months Good news about Segwit and Soft fork will come.
We can apreciate how is in ascending cycle this Cryptocourrency, and am taking positions acording with that, lokking very focus the SL area to change all to plan B (BEARISH) the $430 look verry high probability to be testest. Keep patience. Happytrading , happy week