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Bitcoin Projections: It's All About the CorrectionHey traders, Quick Summary, focus is on the correction today for obvious reasons, where is the bottom? 8700-8900. lots of confluence at this zone. I project a wick will make it through the 200 ema on the daily chart and bounce with nice volume off the .382 fib line for the overall retracement, if we fall below this area things may get bearish real quick. Remember, its a bear market til we pass over 11780ish. As such, we can't let these rally's go to our head like Bitcoin is invincible. :) lol Make smart moves and recognize when critical points are broke to validate certain scenarios playing out. Its easier to make short term projections than long term projections, as a trader, this is where the money is made. If we break out of the descending channel we are in and find support on top of 8300 then a SHORT TERM long position I will enter to 8600 attempt, although i expect to get shutdown from there and fall lower overall. Best of luck traders. If you enjoy my videos please follow and like, you can find me under multiple other platforms as well under the crypto blend or crypto hippo. I can't post the links in here though so just YouTube it. Im the only crypto hippo :)
BITFINEX:BTCUSDShort
by TheCryptoBlend
BTC Breakout or RetestBTC will test s very strong previous structure level at 12333.6 USD. We are also seeing price start to move sideways breaking out of the channel. Price is supported by the 20 day MA which is a good sign for price movement during the rest of the week/end. If we see an ABCD pattern forming along the green arrow we can expect to see price hitting the structure level as marked. In my personal opinion I will wait for price to close above structure or keep an eye on the volume during the candle breaking structure but I doubt that the breakout will be that major so I'm sticking to my strategy and waiting for a confirmation close above structure and the 10 MA crossing the 20 MA with a steep incline.
BITFINEX:BTCUSD
by tinusbotha
1
BTC/USD Hammer ReversalBTC had a very good bounce and momentum into pushing lower time frames into reversing. Looking for daily to close above $9,000, with short term bounce being $11,000 and a proper breakout from that to a new bullish cycle. RSI is currently turning around, and we have multiple buy signals on hourly time frames. Currently looking to long any local retraces in into the $9,000 - $8,800 zone Market : Bounce Trend : Reversing Current Play : Long position on established supports
BITSTAMP:BTCUSDLong
by CrimsonBull
1
NEBLIO + 100% + GROWTHI'm a newbie that is speculating that NEBLio will make another run. Aside from a bullish flag finishing its completion a market that looks bullish, I'm mixing up, possibly screwing up, a few charting patterns I've discovered. I've held a NEBL since before it's recent popularity, but I've picked up a few more up incase my "theory" is correct! I'd love to hear your thoughts on the project and your opinion of my assessment. Please share your "2 cents" in the comments *** NOT a financial analyst *** DEFINITELy not guaranteeing we'll see a run ~ have a pretty good feeling about it though :D
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by chris_haze