 Looking at the broader picture of Bitcoin price movements (1d) that is worth saying that yesterdays' drop signified the confirmation of the downwards channel lasting for 4-month. Interestingly, the drop below $7500 coincided with the daily maximum of Bakkt trading volumes. Anyway, that is not what the post is about. What we have currently is $7400-$8500 neutral diapason with several signoficant support & resistance lines marked as price target. $5600 acts as a final bearish target, while $10400 is a bullish final target for now. The consolidations and retests are expected at the strong levels zone, including downwards trend lines (yellow & green) that, supposedly, will contribite signoficantly to the price dynamics. |
|
|
|
The world of cryptocurrency is currently in poor condition, so people who are full time looking for income from cryptocurrency
will definitely get the effect of current market conditions. So the income we get is uncertain, this must be noticed. My advice for
those who still work in an office, please think if you want to quit the job doing full time in cryptocurrency. There are many difficulties
that you will face making money in the cryptocurrency world, but if your decision is unanimous, please bear it each risk. Don't regret
it later on.
Yeap. The inductry os not really mature... bears risks and at the same time so much potential |
|
|
|
Well, we have entered the bear phase as bitcoin tumbled to $7289 a few hours ago.
Have bought bitcoin to add into my wallet, but where it's headed next? $7500 seems like the new support right now. Let's see what happens in the next 24 hours, probably it will rebound to $8000.
Agree. $7500 for now seems to be a support and also a strong psychological level. Many people expect the autumn 2018 repeat (huge drop), but imo the same drop hardly will happen this time. However, I consider $7200 and below quite possible in case of $7500 breakout. Will post some thoughts in terms of further BTC movements in some minutes here |
|
|
|
The projection works.
Shorted inside the neutral triangle.
+2R gain
How to predict such a situation as for now on the BTC/USDT? As I see thee most of the traders don't see dump now. Maybe as a global trend and with a low chance but ... Now we at $7400 and what next? Moving till your descending channel till $7200? The simpliest anв REALLY working method is to monitor the significant levels while keeping an eye on the volumes. If you are not sure in th entry point, use pyramid entry. Open a trade on the confirmation candle. As for the price movements, $7500 is a strong psychological level. Many people expect the autumn 2018 repeat (huge drop), but imo the same drop hardly will happen this time. However, I consider $7200 and below quite possible. |
|
|
|
 Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone. The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range. Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently. The breakout of the triangle borders will mean: 1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range: - Target 1: $8460 - Target 2: ~$9000 and upper (the upper range border) 2. Or bearish scenario: Reaching $7800 support and falling below. Neutral scenario imply further consolidation inside the neutral zone. The projection works. Shorted inside the neutral triangle. +2R gain  |
|
|
|
Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone. The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range. Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently. The breakout of the triangle borders will mean: 1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range: - Target 1: $8460 - Target 2: ~$9000 and upper (the upper range border) 2. Or bearish scenario: Reaching $7800 support and falling below. Neutral scenario imply further consolidation inside the neutral zone. Seems bitcoin trying to attain the bullish scenario, reached $8350 before the drop to $8200 again and gradually declining atm. We'll see how it come out after 24 hours, but bitcoin might stay at the neutral zone for a while rather than back to $7800 support. Bitcoin will be rising up soon as we are coming closer to the end of this year. However, this change can give hope to many hopeless investors, especially newcomers. Whenever bitcoin is taking rest, I do not understand why everyone starts saying that the world of digital market is about to end. Moreover, even if dips offer such volatility, any trader can make good profits out of it. The projection works. Shorted inside the neutral triangle. +2R gain |
|
|
|
You shouldn't quit your job . At least you should move on a part-time job so you can assure at least the bills . Cryptocurrencies at this moment have a big risk on trading
If someone already can made 12 BTC a month, this means his capital is already big and it's enough for financial free at every country in this world. He must be make a "sure" investment from those 12 BTC and trade them again a half of them or more yes, it is true that you say. when someone can get 12 btc every month. even though he does not work in a company, he may be able to make ends meet and even have a lot of residual income. indeed crypto has the potential risk, but if someone already has a good strategy and analysis, crypto trading is definitely profitable for him. I am not surprised if someone quits a company, because he is focused on earning income with cryptocurrency. He has more than 10 years in trading, and he said 5 years in crypto trading. So we can see he doesn't trade too often, and I guess his volume is quite large, so he needs certainty for each such order. It can be called trading to live, work fewer hours a day, and spend time with himself. Yeah, I used to reveal this info somewhere in this threaв Here is some average numbers  upload picture |
|
|
|
Currently, ETHUSD is showing a clear diapason . This zone (marked in white) might be indicated as neutral range that is a brilliant opportunity to act inside the diapason after the price rebounds from the yellow borders. However, since the range is broken out, the following scenarios are likely to happen: 1. Bullish scenario. Since during 9 days (October, 11 - October 20) the price experienced a clear downwards trend (white line) that was broken out inside the diapason, the bullish growing sentiment was crearly revealed. In case of the upper range border breakout the price is likely to reach 3 targets, according to the strong resistance levels of several days (marked in green). The volumes will indicate the price impulse strenghts. Retest from the upper border is also possible in the foreseeable future. 2. Bearish scenario. Nevertheless, spesifically in case of low volumes and growing beariish sentiment, the price, supposedly, after lower diapason border breakout will reach the continuation of the white line that will act as a support line. This may prevent the price from the further drop . The probable bearish price movements are in the red triangle with the lowest target of $160.  |
|
|
|
Currently, ETHUSD is showing a clear diapason . This zone (marked in white) might be indicated as neutral range that is a brilliant opportunity to act inside the diapason after the price rebounds from the yellow borders. However, since the range is broken out, the following scenarios are likely to happen: 1. Bullish scenario. Since during 9 days (October, 11 - October 20) the price experienced a clear downwards trend (white line) that was broken out inside the diapason, the bullish growing sentiment was crearly revealed. In case of the upper range border breakout the price is likely to reach 3 targets, according to the strong resistance levels of several days (marked in green). The volumes will indicate the price impulse strenghts. Retest from the upper border is also possible in the foreseeable future. 2. Bearish scenario. Nevertheless, spesifically in case of low volumes and growing beariish sentiment, the price, supposedly, after lower diapason border breakout will reach the continuation of the white line that will act as a support line. This may prevent the price from the further drop . The probable bearish price movements are in the red triangle with the lowest target of $160. |
|
|
|
Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone. The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range. Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently. The breakout of the triangle borders will mean: 1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range: - Target 1: $8460 - Target 2: ~$9000 and upper (the upper range border) 2. Or bearish scenario: Reaching $7800 support and falling below. Neutral scenario imply further consolidation inside the neutral zone. Seems bitcoin trying to attain the bullish scenario, reached $8350 before the drop to $8200 again and gradually declining atm. We'll see how it come out after 24 hours, but bitcoin might stay at the neutral zone for a while rather than back to $7800 support. Yeah, still acting in the neutral zone . Long consolidation process |
|
|
|
Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone. The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range. Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently. The breakout of the triangle borders will mean: 1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range: - Target 1: $8460 - Target 2: ~$9000 and upper (the upper range border) 2. Or bearish scenario: Reaching $7800 support and falling below. Neutral scenario imply further consolidation inside the neutral zone. |
|
|
|
Ethereum is the only bitcoin which shows direct effects of bitcoin pumps and dumps on altcoins. Bitcoin is soon going to rule whole world and those who will be holding bitcoin by then are going to be new rich people of the world. They are going to control economics of the world in their own way. Eth is no matter a great altcoin but is also going to be dependent on bitcoin. ETH has prospective functionality but it still depends so much on many factors, yeap |
|
|
|
Bitcoin price (1h) after moving inside the upwards range (yellow diapason) experienced the declining trend (white), breaking out the upwards zone. The bearish rally stopped at the level of $7800 that was a significant support level for several weeks. Then the rebound followed, breaking the upper border of the falling range. Two crossed ranges formed a neutral zone (white triangle) where the price is fluctuating currently. The breakout of the triangle borders will mean: 1. Either bullish scenario ($8250 resistance breakout) with the further target levels inside the yellow range: - Target 1: $8460 - Target 2: ~$9000 and upper (the upper range border) 2. Or bearish scenario: Reaching $7800 support and falling below. Neutral scenario imply further consolidation inside the neutral zone. |
|
|
|
While BTC is pumping a bit, I'm having fun with BNB Some lvls I'm looking for currently. The trade is still open  Good trade. Sorry, can you explain why you enter in the BNB? Which reasons or signs do you saw to enter? Accumulation and after the ascending channel? If so how to define the right entry point by your vision? In this particular case? Can you write some details please Of course. Look at the price significant movements. After a sharp decrease rge price faces a support level (white libe below). It rebounded twice from it (confirmation) and then started to increase. The upfards trend was forming (yellow lines) and I entered exactly when thr price rebounded form its border. Target 1 was a resistence level from 16th of October (this is where the price could stop and consolidate (I could close or half0close the position at this level in case of consolidation). Target 2 was the support lvl from about 14th of October and it could act as a resistance as well. Target 3 and Target 4 the same logic. As you can see, the price consilidated between T3 and T4. This is where I did close the trade. Do not hesitate to ask questions! |
|
|
|
The market got a bit harder, but interesting. Just closed a long with +3R gain on the double resistance. Expect the consolidation for some time at this lvl.  |
|
|
|
The market got a bit harder, but interesting. Just closed a long with +3R gain on the double resistance. Expect the consolidation for some time at this lvl. |
|
|
|
While BTC is pumping a bit, I'm having fun with BNB Some lvls I'm looking for currently. The trade is still open BNB ONLINE TRADE CLOSED 🔥 Quit right at the upwards trend breakout Sentiment for BNB is great! Binance just completed their 9th quarterly burn for Q3, in which it burned nearly 2.1M BNB - more than in Q2 and Q3 combined  |
|
|
|
While BTC is pumping a bit, I'm having fun with BNB Some lvls I'm looking for currently. The trade is still open BNB ONLINE TRADE CLOSED 🔥 Quit right at the upwards trend breakout Sentiment for BNB is great! Binance just completed their 9th quarterly burn for Q3, in which it burned nearly 2.1M BNB - more than in Q2 and Q3 combined |
|
|
|
|
Show Posts
