The above chart shows:
👉The 127.2 percent Fibonacci extension of the rally from the November low stands at $16,194 levels. The next big resistance is lined up at $18,261 (161.8 percent Fibonacci extension) and $18,399.50 (261.8 percent Fibonacci extension of the rally from the September low).
👉On the downside, support is seen at $12,476.51 (161.8 percent Fibonacci extension of the rally from the September low).
👉5- and 10-day moving averages (MAs) are sloping upwards, suggesting any corrective pullback is likely to be short-lived.
👉The RSI and stochastic indicate overbought conditions.
👉The 127.2 percent Fibonacci extension of the rally from the November low stands at $16,194 levels. The next big resistance is lined up at $18,261 (161.8 percent Fibonacci extension) and $18,399.50 (261.8 percent Fibonacci extension of the rally from the September low).
👉On the downside, support is seen at $12,476.51 (161.8 percent Fibonacci extension of the rally from the September low).
👉5- and 10-day moving averages (MAs) are sloping upwards, suggesting any corrective pullback is likely to be short-lived.
👉The RSI and stochastic indicate overbought conditions.
📢🎓 In the past, bitcoin has suffered pullbacks when the RSI and stochastic turned lower from the overbought territory (see circles on chart). Currently, both indicators show overbought conditions, yet are still rising.
View:
📌Bitcoin could extend gains to $16,194 and possibly even further.
📌A pullback to $11,000 cannot be ruled out, but dips below the upward sloping 10-day MA of $11,500 are likely to be short-lived.
📌As of now, a significant correction is unlikely and could be seen only on confirmation of a bearish price-RSI divergence and/or if RSI and stochastic move lower from the overbought territory.
View:
📌Bitcoin could extend gains to $16,194 and possibly even further.
📌A pullback to $11,000 cannot be ruled out, but dips below the upward sloping 10-day MA of $11,500 are likely to be short-lived.
📌As of now, a significant correction is unlikely and could be seen only on confirmation of a bearish price-RSI divergence and/or if RSI and stochastic move lower from the overbought territory.
List of Events 8.12.2017
Aeternity (AE) - Hackton
ClearPoll (POLL) - Poll result charts
DeepOnion (ONION) - Airdrop
Kickico Moscow Blockchain Conference
Metaverse (ETP) - Cryptospace Conference Moscow
NoLimitCoin (NLC2) - Hockey launch
OKCash (OK) - Listing on UPbit
Rebellious (REBL) - Airdrop
Solaris (XLR) - ZeroCoin Protocol Implementation
Stellar Lumens (XLM) - Blockchain Meetup: Stella
Substratum (SUB) - AMA Session
TokenCard (TKN) - Delisting from Bittrex
Walton (WTC) - Guardian Masternode
ZCoin (XZC) - Znodes
Zcash (ZEC) - AMA Session
Aeternity (AE) - Hackton
ClearPoll (POLL) - Poll result charts
DeepOnion (ONION) - Airdrop
Kickico Moscow Blockchain Conference
Metaverse (ETP) - Cryptospace Conference Moscow
NoLimitCoin (NLC2) - Hockey launch
OKCash (OK) - Listing on UPbit
Rebellious (REBL) - Airdrop
Solaris (XLR) - ZeroCoin Protocol Implementation
Stellar Lumens (XLM) - Blockchain Meetup: Stella
Substratum (SUB) - AMA Session
TokenCard (TKN) - Delisting from Bittrex
Walton (WTC) - Guardian Masternode
ZCoin (XZC) - Znodes
Zcash (ZEC) - AMA Session
ALWAYS DO THIS !! :
👉Pin our channel to the Top
👉 Unmute the channel
👉 Stay Tuned
👉 Follow the Signals for Unlimited earning of 💰💰
👉Pin our channel to the Top
👉 Unmute the channel
👉 Stay Tuned
👉 Follow the Signals for Unlimited earning of 💰💰
📢📰 IOTA Overtakes Ripple, Finds New Price Base
Following an astonishing rally in recent days, the IOTA bulls look to be having a breather.
IOTA exploded earlier this week, likely due to a newly announced partnership with Microsoft, Samsung and others for the launch of a data marketplace for the internet of things.
The cryptocurrency, which was trading below $1 around 10 days ago, jumped more than 450 percent to hit a new lifetime high of $5.55 yesterday and now it's capitalization is $11.48 billion.
Following an astonishing rally in recent days, the IOTA bulls look to be having a breather.
IOTA exploded earlier this week, likely due to a newly announced partnership with Microsoft, Samsung and others for the launch of a data marketplace for the internet of things.
The cryptocurrency, which was trading below $1 around 10 days ago, jumped more than 450 percent to hit a new lifetime high of $5.55 yesterday and now it's capitalization is $11.48 billion.
The above chart shows:
📌 IOTA tested the support of the 50 percent Fibonacci retracement of the recent rally ($3.12).
📌 The relative strength index shows overbought conditions, and is close to breaching the rising trend line to the downside.
📌 The stochastic has turned lower from the overbought territory.
📌 The 5-MA and 10-MA are curled in favor of the bulls.
📌 IOTA tested the support of the 50 percent Fibonacci retracement of the recent rally ($3.12).
📌 The relative strength index shows overbought conditions, and is close to breaching the rising trend line to the downside.
📌 The stochastic has turned lower from the overbought territory.
📌 The 5-MA and 10-MA are curled in favor of the bulls.
🔵 View:
👉IOTA prices may test $2.55 (61.8 percent Fibonacci retracement) in the next 24–48 hours (as the RSI and stochastic have turned lower from the overbought territory), but the support may hold, courtesy of the upward sloping 10-MA (seen sloping upwards towards the $2.50–$2.60 region tomorrow).
👉Clearly, the base has shifted higher to $2.50 levels and it appears the rally is here to stay. Going forwards, a solid rebound from near $2.50 levels could translate into a rally to fresh record highs above $5.55 levels.
👉IOTA prices may test $2.55 (61.8 percent Fibonacci retracement) in the next 24–48 hours (as the RSI and stochastic have turned lower from the overbought territory), but the support may hold, courtesy of the upward sloping 10-MA (seen sloping upwards towards the $2.50–$2.60 region tomorrow).
👉Clearly, the base has shifted higher to $2.50 levels and it appears the rally is here to stay. Going forwards, a solid rebound from near $2.50 levels could translate into a rally to fresh record highs above $5.55 levels.
CryptoBullet pinned «ALWAYS DO THIS !! : 👉Pin our channel to the Top 👉 Unmute the channel 👉 Stay Tuned 👉 Follow the Signals for Unlimited earning of 💰💰»
Market seems to be came down a bit wide, Btc may not drop where everyones wants. But A little retracement needed for holders.
Btc bull is still REALLY strong. It is fighting against all indicators & I thought it would be going against of predictions. However, I won't be suggesting to short your positions until you get back on track.
If you're in previous position due to not use of stop loss , let this be a lesson.