The market falls and it's time to prepare for opening long trades. But which levels are good for buying? Let's look at the daily chart, even you trade based on hourly charts. We can draw Fib retracement based on the low 891.33 and the high 2980.00 level. Also we have several uptrend lines but we must focus on the middle one. If the market drops to this level, probably it will be stopped and reversed by the great support zone. This zone is formed by 2000.00 level, the uptrend line, 50% Fib level. If RSI confirms price reversal, it will be a good level for opening long trades with profit target at the downtrend line. So, we have to note that 2000.00 is the key level and price action near this level will give us insight for possible price movements.
P.S. And what do you think? Please, share your thoughts in comments )
When some one talk about bitcoin market price. it's really hard to predict.
However this is my analysis :
Fundamental :
-Bitcoin still doesn't use SEGWIT till a period time. only 30% miner are agree with SEGWIT Idea. unfortunately Only a few player now exact time when the segwit is on.
some say it will be use in the early of August. 'still only speculation" didn't find any trustable information about the segwit,
Much obliged! Your charts and explanation are so detailed and understandable. I'm learning so much and getting help to take more qualified decisions. Really appreciate it! Also thx for the link to babypips school :)
cryptomizer
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First logical chart analyses from you while other charts from other users seems like charts with out strong point.
Thank you.
I don't understand exactly your optimism, for me is clear that the BTC can fall in this moment very fast. BTC is very volatil, after last months very strong bullish period must be a very strong bearish period as well.
@seby9279, and also @DLavrov I am really confused, I always like your recommendation.
I am waiting for BTC to go to 2000...
Now as per your prediction it will reach less than 1800, 1800-2000, 2000-2100. Or it will not go up ? Please help me understanding this in exact numbers
saschaberer
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I haven't had time to check today and missed the rise completely and forgot to set a stop limit to buy. still have all in usdt. crap. are we throught the resistance line yet or is it near the top today already? it just keep rising.
However this is my analysis :
Fundamental :
-Bitcoin still doesn't use SEGWIT till a period time. only 30% miner are agree with SEGWIT Idea. unfortunately Only a few player now exact time when the segwit is on.
some say it will be use in the early of August. 'still only speculation" didn't find any trustable information about the segwit,
Article : cointelegraph.com/news/bitcoin-segwit-activation-august-1-new-bitcoin-improvement-protocol
- ETH GADX issues. may effect in bitcoin market price,
Can be found in : twitter.com/GDAX?ref_src=twsrc^google|twcamp^serp|twgr^author
Technical : using fibonnaci number indicate it will touch less then 2000$
RSI and MACD seem going down sharply in this day.
MACD reach 35 point right now. it was 100 point less then 2 day's ago
@DLavrov