We are at a critical junction my fellow traders. So...What do you see happening next? A) A bounce and new lows? B) Break through and new highs?
ETH is hitting the trend line and has a divergence on RSI, MACD histogram is falling and looks to be crossing soon, price is far from the key moving averages. Looks to be a good opportunity for a small short trade. Is ETH over extended or will ETH go parabolic?
Will it break the channel top or will it fail? An interesting ratio to watch right now.
Triangle breakout, short entry with a 2.6 Reward to Risk opportunity. Good luck.
In the 2017 bull market, Bitcoin experienced 5 major pullbacks. These pullbacks ranged between -29% to -40%. The average bull market correction was about -35%. Keep that in mind if you are worried about this correction. Price is currently neutral, a game of tug of war between the bulls and bears. We could see further down side if we don't have significant closes...
Do you have bull chips but no dip? You're in the right place. Here are the juicy dip buy levels I am eyeing. Key percentages are outlined. We already have a 27% drop from all time high. A 30-35% drop from all time high would be in line with the corrections we saw in 2017. Keep in mind, that buy levels are areas or zones. There is no exact price line at which...
As most already know, we saw a major sell off during the Asia session. Several online reports attributed the plunge to speculation the U.S. Treasury may crack down on money laundering that’s carried out through digital assets. Overall, $9.2 billion in crypto long positions have been liquidated in the last 24 hours. It's about a 20% drop from the highs, which could...
What perspective can we gain from looking at BTC at this time? Price action is bullish. Fundamentals are bullish. We are making higher highs, and lower lows which is indicative of a steady uptrend. I know traders are worried about divergences currently being seen on popular indicators such as the MACD. I'm sure some have taken profits due to this and the PI...
BTC had a breakout above 60k. Now there is profit taking. Price has created a nice channel. Possible area to buy on the pullback highlighted in chart.