BitCoin BTC/USD (Do not SHORT at this moment)

BTC/USD

Did you follow our previous forewarning on the bullish turnaround? we get it, good.

Now we are at a decent resistant of $6,770 level. It may bring some pressure or resistant from pushing up.

But I expect it should sooner or later break up from $6,770 level and the another resistant shall be $7,500 level.

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Sonic

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交易進行

Seems like the buying pressure has cool off for now, and it may be in time for a minor retracement.

Nonetheless, I am seeing levels such as 6359 & 6167 as typically strong supports.

So, if you looking for long, wait and prime your long positions in these areas. If you want to long, wait first.

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Sonic

交易進行

BitCoin (BTC/USD)

Bitcoin is priming to for a good breakout. The lows are getting higher for the past 3 days.

Now, what we need is a good strong breakout.

It is only advisable to LONG as the moment, and watch it closely.

I will update again.

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Sonic

註釋

Updated View On BTC/USD (Be careful with Longs as it failed to break $6,779 resistant)

We are in the bullish mode for quite a while now and it rewarded us well.
Currently, the market seems exhausted near the resistant of $6779 and it has painted a fairly bearish pin bar.

That means it may swing lower for now till the support from the Bullish side is to come in.

I expect $6,500 is a nice interim swing support level.

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Sonic

註釋

BTC/USD

We had strong sell down on recent days. It must have spooked buyers out.
Since the price ACtions are strong, the momentum is still bear.

I expect 5900 level shall be a good support. So, it is considered too early for a LONG at this moment.

註釋

BTC/USD

I am slightly bullish.
Bull/Long side can be slowly accumulated if the price stays above $5800 level.
At the same time, $7400 will be one tough resistant to break as well.

註釋

BitCoin:

A nice run up from the support region of $5,800 region. $6,700 shall be a good resistant. The next target is $7400.

註釋

BitCoin

Our intended TP reach of $7,400
It is too early to call "BEAR" but it is better to take some profit out and wait for another nice entry.

註釋

BitCoin

It is in the strong BULLISH momentum and it is better to stay on the Long side.
It may swing to $7,200 or even lower but it will be a good support entry.

Sooner or later, it should reach to $83,80 level.

Let's see.

S0nic

註釋

Updated View On BitCoin (27 July 2018)

We are in the retracement mode as it had hit a strong resistant of $8,400 level.
It may go lower for a time being but as long as the price is above $7,200 level, it should retest the $8,400 level again.

註釋

Updated View On BitCoin (29 July 2018)

The price is trying to break $8,400 level but I believe it will not get up broken easily As USD is poised to make a return.

The better bet will is to wait for a good set up if you want to long such as $7,740 and $7430.