BitcoinUpdated Bitcoin (BTC): Finding the Bottom
In the previous idea we defined the current reversal zone as 6950-7100. Overnight the price dropped to 7040, triggering some limit orders: 
I still expect the bottom to be formed in the next couple of days. There a couple of technical readings to consider:
Breakout from the wedge may serve as a trigger for longs.
I still expect the bottom to be formed in the next couple of days. There a couple of technical readings to consider:
- Key Support Area
- Bullish Divergence (RSI, MACD)
- Falling Wedge pattern
- Volatility Squeeze Pattern. When this pattern emerged last time, the price plunged. This time the opposite is expected.
Breakout from the wedge may serve as a trigger for longs.
Note
Mind that we may still be missing one wave down as part of Ending diagonal triangle pattern. Be sure to place appropriate (safe) SL orders. Note
Stellar (XLM) looks very promising for medium-term trading: 
Note
So far, so good. Important intraday levels here: Note
EOS smashed by 'epic' vulnerability reports today. Be sure to set alerts for this potential H&S bottom: Note
Correction time, impulse done.
Сервис: NixService.net
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Сервис: NixService.net
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.