If the price bounces from the support zone and breaks the downtrend line, we'll get a signal confirming the uptrend. In spite of the market looks overbought, we should expect for such price movement, because the support zone is rather strong and it's formed by SMA100, the uptrend line and 18000.00 level. In order to catch possible upward movement, we can place pending orders for buy at 19050.00 level with stop orders at 17850.00 level. Profit targets should be at 20000.00 and 21000.00 levels. Using this trading signal you have to note 2 things: the market is overbought and it can drop much lower. Don't forget to place stop orders and use small trade volume.
評論
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The buy orders were not activated. If the price breaks the uptrend line, probably we'll see further downward movement to the next support zone at 17200.00 level. This zone will be good for buying based on confirmed reversal signals.
You just NAILED this trade. Impossible to be more precise than that, congrats!
Dudleydogg
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BTC chart last few hours reminds me of Atari PONG LOL just bouncing back and forth a few clicks.
betaptrade
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god of tradingview.
OrangeOrange
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Hey so .... if this goes through does this mean the LTCBTC prediction might fail? Thanks.
DLavrov
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@OrangeOrange, Everything can be in the markets. I don't know the future. But I try to search for trading opportunities.
OrangeOrange
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@DLavrov, Thank you ! was not doubting your analysis DLavrov! Just trying to decide which bet to make.
netmger
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@DLavrov, Well-said. Indeed, all that technical analysis can do is to look in the past data and ID some turning points, which statistically speaking are more likely to materialize. Whether they materialize depends on the fundamental events in the future, such as an upward pressure by the increasing demand on the asset, or a panic set by a hack. Can you, please, tell me which graphing / charting s/w you use?
Thank you.
nginx
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@OrangeOrange, It doesn't have to fail. Bitcoin has a huge cap now, so it moves slow. LTC with its smaller cap can easily outpace BTC and make both predictions true.
Xtadeus
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Thanks for this sir.
Maybe I could add that for me, to know the price btc is going, look from now at the btc future exchanges... because I am afraid that wallstreet games btc.
These pros now who are "speculating" on the price of btc through the future exchanges are taking advantages of leverage without even holding a single btc. This is how Wall Street works !
So if you keep your eyes where the future price is... that is the price where the btc will go ! As simple as that.
You want to hold btc as long as futures are being BID HIGHER ;-)
(delayed 10 min ) : cmegroup.com/trading/equity-index/us-index/bitcoin.html
DLavrov
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@Xtadeus, thanks for interesting idea! I will think about it )