Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (8953.78). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
As 8963-70 is a big resistance in 15 minutes chart, and First good support level is 8800, so we can take benefit of both side trade and can make profit… you guys can short from 8965 or near point and can exit near 8800-8830. Stop loss- 9030.
on the other hand can go long from 8800- 8770 from near by First support I.e. 8762-8770 and can exit around 8940 to 9030....
Bitcoin (BTCUSD) peaked at $10,074 on the 7-May and prices are now trading near the $9000-$9300 price range.
Bitcoin is no longer trading near resistance, now it is going towards support.
I saw some signals out of the charts and technicals that are really strong and pointing to a drop.
Mondays can be bloody for Bitcoin so please be cautious.
The potential...
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Technical analysis continues to demonstrate and prove the power and need of having it to be considered as a foundational base for trading in the real markets , all which has now been embedded into the "Auto Signal Setup" indicator...
Starting a few weeks back we are seeing strong bullish action coming from the small-cap. altcoins on all major exchanges.
We saw really strong action taking place first on KuCoin, then Bittrex and Binance are also showing some pretty strong numbers for many pairs.
Yesterday we saw THETABTC go beyond the norm, while SOLVEBTC did the same.
Today we also have many...
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So, what is going to happen next with Bitcoin (XBTUSD)?
Now I share analysis of the EMAs that I learned through experience... Here is the sequence:
1) XBTUSD (Bitcoin) breaks below EMA50 on the 9-May, by the 13-May XBTUSD is back above EMA50.
In this case, EMA200 was hit (brown...
range which turned into bearish structure.
Reasons:
1. price 9588 was the main level for the bullish momentum which broke out to the downside. price basically flipped.
2. Everything looking good.
