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BTCEUR

BTC - what to expect next?Hello guys! How are you going today? So what can we expect for Bitcoin? Instead of jumping into a biased analysis while saying “Bitcoin” is bullish or bearish or will go there and there…. – I would prefer providing a neutral analysis including a bullish and bearish scenario - then, you decide ! Let’s jump into the facts! Bullish indicators On the monthly chart… 1 – MACD is evolving above the median line 2 – RSI shows a Higher Low 3 – Price is contracting in a wedge 4 - Price is above EMEA21 and there is nearly 1 week before the month closure. For this indicator to remain bullish, it is important BTC stays above $7500 and the next opening candle should stay above this price level as well. 5 – I have been through a couple of analysis and I have not read anyone mentioning the size of the wick… Guys, this is very significant – you should all pay attention to this… BTC did not have any bear rejection of nearly 60% (size of the wick in green) through a consolidation since 2010… The other bear rejections are formed on top of waves to squeeze the early bears… In my opinion there are very different psychological patterns (in red) Bearish indicators Ok – so now let’s move on to the bearish indicators 1 – Histogram is in a downward channel and MACD are printing Lower Highs 2 – RSI is struggling against a resistance 3 – Price is very close to evolve below EMEA21 4 – Overall, volume shrinks while price pulls back from the trendline – it confirms the channel. 5 – In 100% of cases EMEA21 crosses over EMEA 55 (Death Cross), there is a bearish reaction on the weekly chart by nearly a drop of 60% As you can see, the death cross just happened end of March What will happen next ? The market will decide ! Cheers everyone
BNC:BLX
by Satonacci
I Just Got Out Of Jail.Yup it's true... I was bunking with a cellmate. The food was horrible, almost as bad as an XRP shill in the comments section voicing their opinion about how ripple is the best cryptocurrency. Don't worry, I was safe guys. I didn't have any altercations with anybody. They knew I was a certified black belt in karate and that I lately had been training with Rex at Rex Kwon Do Martial Arts Center down there in the fabulous state of idaho. But why did I get locked up? I was convicted of doing a free giveaway on tradingview. A lot of analysis, reputation, likes, comments and brand awareness got removed because of this. If you're a fulltime trader and take your tradingview page serious, than please read the house rules. With that being said, I will not be able to do the free giveaway that was planned. Sorry. . Now let's talk about Bitcoin. The 2 week is still firing in red territory under Resistance. I am also tracking its movement on the weekly timeframe which I do have a Crossover for a buy signal. Based off the weekly I wouldn't mind adding like 10-15% to this position for a long between 7.25k - 7.50k range with a set stop. My main signal will be when the 2 week closes for a better trend reversal. Based off a trend shift to the upside here we would than battle the 9k-10k Resistance to see if we want to proceed towards a new bull run. The key focus is that top Resistance break that we've been stuck under since ATH. For the most part I'm still indecisive on its overall movement, considering that the monthly is red. Need some more time for it to play out. I'm buying alts for long term plays. Some bonus ideas: The bitcoin halving will be in May, just right around the corner! Meaning that bitcoin will become more scarce when the block rewards get cut in half. The halving has been an indication for the previous multi year bull cycles to start developing. Altcoins are starting to shift green, as most of them have been doing this year. I honestly believe that the alt markets sellers are to the final point of exhaustion. If you know the market cycles than you understand how this could be a bullish sign for crypto. Bitcoin dominance continues to decrease. Use that as a sign that it's being moved to alts. Bitcoin dominance is going down while ethereum dominance is shifting up. Best Of Luck, Major League Trader
COINBASE:BTCUSD
by UnknownUnicorn2319099
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