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The last entry of BTC before a big correctionHello Investors !!! I quickly post my thoughts on the last BTC climb before a big correction the correction should end at $ 14,880 and theoretically from this level the last 3rd rally to the top should take place, the point marked by the red arrow. Sorry for the clutter on the chart, but I didn't want to take my thoughts out of it. I put the graph in the form of an experiment asking myself basic questions whether it is possible to calculate the extent of the correction to its duration and possible scope at all. I cordially greet and wish you every success !!! Arthur
BITSTAMP:BTCUSDLong
by dilajlacom
Has the Nasdaq (Market) Topped? I find this long term chart of the Nasdaq Index with Fibonacci extension levels applied, to be quite illuminating. For me it puts things into a helpful perspective. By no means am I a "perma-bear" but I find this chart helps me to be honest with myself. Especially if I'm wanting to put money to work in this environment. Prices have extended well beyond previous year's moves and have reached those magical fib extension levels of 1.618 and 1.78. You may not agree with the method of analysis, the method of I've applied the fibs, or whatever....but I think most technical analysts could agree that these levels of extension often coincide with significant reversals. I'm not "talkin up my book" here, as so many seem to do on these forums, etc. Just some food for thought, and take it for what it is worth - just another opinion. The big question now is where does a bottom form? Fortunately price, volume , sentiment, etc. will provide the appropriate clues at that time.
NASDAQ:NDX
by kbier
Still listening to MPC and waiting at $7500!? Don't miss out YO!Quick update on the BTCUSD market for the short term. Some analysts will have you guys waiting till you are old and grey at unrealistic SHORT TERM targets. We can see a lot more positive fundamental news coming out this weekend and the chart is reflecting that confidence. We can see that there is a nice channel building and the RSI is ticking higher confirming, at least on the very near term, that the bulls are here. We have some bullish candlestick formations within our channel and I would expect a break above the channel to gather some good bullish momentum. I think the futures closed a lot higher than many expected and this has summoned some confidence back into the market. We broke out of our immediate down trend but prices are still getting rejected by the 10 MA, which could mean a bit more see-saw action in the 10500 – 12200 zone. Please note there is heavy resistance around 13k and we will wait for that level to break to confirm a bullish trend. SCARED ABOUT GOING BELOW 10k? Here is the deal, to all those fearing the drop to $7500, set up some low buy order in those zones, should btc fall below 10k (some miraculous disaster), short that sucker with leverage and buy back even more lower. Just take care your shorts don't get rekt while we prepare to test 20k again. ;) Feel free to come and hang out with real Crypto traders for free.
BITSTAMP:BTCUSD
by saintbitcoin
Good counter trend trading opportunity Nice counter trend trading opportunity here. Why? 1. We have fibonacci confluence from a previous high @ 618 2. RSI is overbought 3. ABCD completes close by 4. We are at a strong trend line support 5. We also have a diagonal trend line resistance (not currently drawn on) which would support the shorting bias. Depending on your strategy you might require some further confirmation such as a candlestick pattern or double top. That's what I require to take this on, there might even be some on the lower 15m time frame. Trade your plan guys and if you don't have a plan, best not to trade, not even on a demo account, it's wasting your time. Feel free to message me with any questions and I'll try my best to get back to you. Appreciate any comments positive or negative ;) Thanks!
Short
by KISSTRADING