Hello all,
Since yesterday, we are back in the middle of an indecision zone :
We have a resistance line just upper our current level but also a support line just below.
This is a zone very hard to trade because we have 50/50% of probabilities to go in one or another direction. I would advise you to hold and wait the direction that the market will take before continuing your tradings on the BTC.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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Bullet ready... im waiting....
For sure. It'll be down and It's not a surprise... unfortunately...
It would be best to wait, I think most of us are anxious about the stability and recovery of the btc. There is already positive news from South Korea regarding the non-prohibition of cryptocurrencies, soon we will see the market on the rise.
Wisest advice ever.
Thanks to @cryptopassion
This post has been of great value
Keep up
Thanks for this bitcoin news update providing.... i appreciate this trading......
Nice. Thank you!
I followed you.
Thanks
I follow your post on here and I must say, they are educating.
Keep posting.
that's really Good
thanks, happy today
Nice post! Yeah I myself took the day off from daytraiding. IMO that was the end of the dip should be back in green by tomorrow (I hope) ;)
Definitely in agreement here, the indecision has been in for Bitcoin for some time now. I can't wait for it to swing back up already!! The FUD out there, ahha....too many of those!
Check out my short term outlook on the 15 minute chart here.
We can often get some what of an indication which trend line the price will work towards on the smaller time frames.
I appreciate your insight and will be following your page!
Its as if everyone is waiting for someone else to make the first move.
Good Analysis buddy...
I have a little different analysis then the above as i believe in technicals work much better on a higher time frame charts unless planning to only day trade.....
I have jotted down in brief and simple what my opinion is and welcome all your feedback.
The 50 SMA had been a strong support for BTC as per the Orange circles drawn however from the moment it broke the 50 SMA it came all the way down to 100 SMA and finding support now out there. If this gets broken as per the green horizontal lines we may see BTC @ 8000 unless some really hyped news in between to drive it up comes out.
Thank you for the visual -- resteemed -- appreciate you!
It looks like it is going down to me.
Amazing post
Creativity at its best
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Thank u
Still expecting Bitcoin to fall to $8,000 -$7,500 this would be my ideal target. Trend line drawn from July 17, 2017, tested on September 15.2017, and now I'm waiting for a confirmation of the trend line which would be a bounce in the highlighted zone. Haha i've been waiting for weeks for this happens, Bitcoin at a huge discount!!!! Great Analysis i use the same the EMA's and recently switched to trading price action with Stochastic RSI for momentum confirmation. You got my follow! :D
Interesting update
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Hey guys! Check out my analysis on Bitcoin if you want to be on par with what is really going on :)