The market tried to reach As we can see now the price bounces from this zone and probably we'll see a short term downward movement. The bearish divergence gives us a trend reversal signal. MACD histogram supports downward movement. We must be ready to buy based on confirmed reversal signals from the support zones. For this, let's spot the possible Going to the resistance line of the uptrend channel.
The news of the CME futures market starting to trade Bitcoin' futures in December was announced yesterday.
But many do not understand the futures market and moreover how they evolved into a speculative market. So before heading to the chart, it is important to understand how cash settled futures effect the market and or moreover how the market effects cash settled Honestly, we expected to see these levels during the first half of , so this cycle is closing early.
With this in mind, from the technical point of view, this pair should be sell on wave 5 with target around wave c. Said that, we remind you that we do not trade crypto currencies, but only release our technical analyzes.
If you think this analysis can be Friends, before we begin, let us have a moment of silence. Those are now locked in losses that are hard to recover. Regardless, we have ourselves a real, high volume breakout of the major downtrend This market is poised to push 12k after consolidating for about a half day, as the bullish momentum continues.
Price is still within a potential reversal zone, but NOT enough of a reason to short. In my previous report, I wrote about the built in long bias coupled with the freedom from institutions. No one knows what is going to happen when the This morning i breakdown and show the importance of multi-timeframe analysis prior to any pending order or instant execution.
As always i would like to thank the TradingView community for the continued support. Price climbed back to the critical resistance zone once again. I'll keep this post updated as much as I can - Abdulla.
Details on the chart. Sign up for Xmas Idea based on Support and Resistance. Open your position depending on direction of breakout Pink Square zone. Just make some search and watch this ascending triangle. When we are at all time highs and profits have been taken its difficult to know if we are going to keep going higher or if we will retrace.
Well here is my strategy; the first port of call is to look at he signals which have been the strongest in defining the previous breakouts that got us to where we are now. The cloud is a great place to start for this and one My teacher told me that FIBs always knew the true Let's checked So the basic: Each growth going to high FIB level: After achieving successes and accurate forecasts and honest in my previous charts, this chart show us the way bch going in this week , so i think the price will go after one week to maybe more , so we will wait and watch carefully bch: Charts speaks for itself.
Target at the resistance of the channel. Nikkei The Nikkei Index. Dollar Index The U. Natural Gas Natural Gas Futures. Euro Bund Euro Bund. ETHBTC forming bullish flag, we can buy at and aim for target at if this coin drop, prepare for buyback at good luck. From the creators of MultiCharts.
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