When the shorts for BTC get ultra low then that means that the opposite of what the majority think will happen. Instead of going up (low shorts, high longs) it dumps (which we can see in history). What will happen? No one knows but the shorts have been this low for a while now and we are hitting support at the 4100 level...
Seems like the bears are back in town tbqh
based on elliot waves Blue box is important area to predict future trends. if the blue box resistance win the game Blue arrows can be occur, but if lose the games, based on Fib Retracement, price can fell down to 4459 and red arrows could be happens.
After the big pump Bitcoin need to cool off first. By the way, check this chart too.
I expect a deep and nice retracement after this kind of sharp moves. It's a good opportunity for a nice short position with a very very good RRR.
Open a short position now and consider 2...
BTC is heading into a very tight wedge, with the 200 MA as a confirmed resistance. Volume is also drying up. It will break out either up or down but since in November we saw the exact same thing then we are probably going to break down unfortunately. We will have to see.
Bitcoin has tested this area already. It seems Bitcoin is coming up on an area where it will have to make a shift either way. I look for it to test and try to break $4000, and then hold above that! If it fails to do that, we will see a decent move to support levels!
Is the trend really our friend?
Bitcoin’ has been trending up since it touched its lowest point on the 24th June.
As you can see on the chart above, Bitcoin’ has been trading within an ascending channel for more than 130 days (Over 4 months).
The last time the bottom of this channel was touched was on the 31st October, which produced a reversal candlestick....
Bitcoin started seriously today, after a series of higher lows and lower highs, Bitcoin shows that it prefers to be bullish rather than bearish, it goes for its first higher high in quite a while.
Let's take a few minutes to enjoy looking at Bitcoin together... Namaste.
I was expecting a breakout before the 22nd October, it just happened and we are now back...
Tron (TRXBTC) is on the move.
- We have really good volume on the last 4h candle.
- Next resistance is at 365 followed by 390. You can sell for profits at this level.
- RSI and STOCH are really bullish.
- The MACD is crossing up bullish.
- Plenty of room left available for growth can be spotted on higher time frames.
Tron has really good potential.
This is a...
This is my Siacoin (SCBTC) trade. Updates will be posted here.
Our trade is active from buy in range: 95-105 satoshis.
Over 25% profits from buy in.
Here is the chart:
Here are our targets:
(*) 123 * Target hit *
(1) 130 * Next target *
Note: This post is for updates. For trade instructions check...