My friends, Bitcoin is now looking like it can easily test EMA50 as the next support level... EMA50 is sitting at $16700.
Typically, when we use the MAs as an indicator for support, the price doesn't stop exactly at the MA line but instead, a wick is left behind.
So, if Bitcoin is to continue lower and test EMA50, we are likely to see a wick that goes to...
all the market along nifty will crash upto 50%.
Hold on to cash.
and also considering buying 10 to 30 %
bitcoin.
After considering the debt level, the balance sheet of the most of bank,
and activities about the fed and RBI, and the insider information from central bank as well as some hedge funds.
I am coming to the conclusion tat not only nifty but most of the...
A lot has happened in the past few days. Let's Discuss.
Russia came out with a vaccine around 10th & 11th Aug'20 & Gold fell by good points.
The relationship between the Gold & Equity Market is inversely proportional.
which means when equity markets don't perform well over a few quarters investors start pulling out their money from equities and start investing...
Closed above Local strong resistance (0.02250) thrice in 1H chart and it looks tired to hold above.
If the 4H candle closes above 200 sats / RVN against Bitcoin. Its a confirmation to the next target to atleast (0.025 USDT) or around 216-218 sats against BTC.
Cheers guys!!
Fan line f1, f2, f3 all are broken which indicates than bear market is over and it is bulls time to shine.
Fan lines expectation are very rare, though price can make another low before it starts to pump, as market sentiments are biased towards bulls and bitcoin is about to make a move there is a chances that if bitcoin started to move towards 9.6k - 10k ripple...
Ethereum (ETHUSD) is looking bearish now and a strong signal has been printed... Hit LIKE and let's get started!
Take a look at the highlighted candled (yellow) on the chart... This red/bearish candle is also high volume and signals that ETHUSD can easily move lower now.
We also have another bearish candle developing now with prices moving below EMA10.
When...
We looked at the Bitcoin Dominance Chart (BTC.D) as well as XBTUSD, both charts are showing signals of a peak being reached, which means that a retrace/correction should be taking place now.
In a bullish cycle, when Bitcoin takes a pause to breathe, retrace, and correct, the altcoins do not follow, they simply build up and start to pay.
IT IS THE ALTCOINS...
Wishing you a great Sunday in this beautiful 2020... Please allow me to show you why I believe Bitcoin is about to produce a relief rally and move up.
Here we are looking at Bitcoin (BTCUSD) on the weekly timeframe and we will focus our attention on the EMAs and past history for this analysis. Let's get started!
EMA100 As Resistance, Now Support
Back in April...
Still i am bullish on bitcoin , u can see it's broken the trend line and forming bull flag in daily time frame , and it's holding the trendline support significally , this is a good sign to jump price higher , if we go below 8500 and close then we are again going into some shit bear mode , but i am 90 % bullish on bitcoin !! And don't troll lol last time some...
Ethereum has pulled back towards its opening weekly price after bulls failed to build bullish traction above the $180.00 level. Weakness in the altcoin space is also weighing on Ethereum from a technical standpoint, as investors increasingly favor Bitcoin. Overall, the ETHUSD pair has strong support from the $160.00 level and is still likely to move back towards...
break or bounce on support AT 9700 will bring rapid fall or jump.... i m biased more towards fall ... this yellow trendline support holds the next dynamic PA .
i can trade 50 time in a day based on these trendlines, PA respecting the trendlines on the chart on small Tf like 1h or 4H , BTC is easily tradeable .
but on higher TF I m not convinced at all of this move until it breaks the resistance with continuity or support with continuity .
but i expect such PA in midweek where trend can be seen in continuity , a long...
If btc doesn't breaks 13800 in next 10-11 days.... Bitcoin will be going to $1200 in 2019.
If TA is right on HTF... This structure is bad and all the bounces in smaller TFs is just exit policy of most MMs from bitcoin markets.
That said, If this happens..... I don't think libra will be any possibility .
A very contradictory analysis... But possibilities...
that said i think this trend line is strong resistance until proven otherwise . on HTF too btc is just revisiting the broken support as heavy resistance .
RR is favorable towards shorts .
