bitcoin boom was funded by Indians post demonitisation. the collapse is sharper than the rise....
Created a strategy that guides on investment during the very crucial time when BTC crashed from 18k to 7k levels (at this time). Strategy includes 0.1% commission as is prevalent on exchanges these days . And, however, the current idea/backtest focuses on period after the crash, this strategy performs really well when tested in uptrend/sideways market as...
BITCOIN- near support of 6700-6600 ..
longterm 200ma broken exit. there will be long bear market . downtrend channel broken more
BTC Weekly Chart Drops past 30 week EMA. Daily Chart (not displayed) Drops past 200 day EMA Next major support at 5000-5500 levels.
I am observing every resistance and at every resistance we are having drops..so we cant take out 10k level..price can go up to 10.3k and then can drop to 8.5k then if 8k exposes and cant sustain we can see 5k then end of bear market ...if 8k acted strong then u can see 14k..and from 14k too we have strong resistance which can drop price to 10-8k max...i am bullish...
BTC at long Term support line.... Hopefully a good support.
Looks like the nearest support can be in the region marked in the chart for BTCUSD
Can short on bounce near 10K i feel with stops near 11K
Yellow line marked is the major support line, lets see whether that support will hold or break.
Closely watching Bitcoin in 15 Min chart to see how it breaks the pattern bearish or bullish. My expectation is it will be bullish break out, what are your expectations guys? Comment below.
In 4H chart Bitcoin is following currently a falling wedge pattern. The yellow line is the major support line, I hope it wont break that and it would retrace and start an uptrend soon. Fingers crossed though! Reasons for BTC downtrend could be? 1. Chinese NEW Year 2. Facebook banning all the ICOs and Bitcoin ads (Though it wont have larger impact but it is...
COINBASE:BTCUSD Weekly chart is primed for bullish reversal. Dragonfly Doji candlestick is a very bullish reversal indicator. MACD is about to bounce (it tends to never cross down with BTC). Stochastic RSI is setting up for an upwards crossover.
Bitcoin in 4Hour chart looks very interesting. We have to see how it breaks the resistance and support lines marked in Yellow color.
Short BTCUSD below $11000 T1: 10750 T2: 10350 T3: 10000 T4: 9200 SL: 11350