#BTC 4hr chart
The sharp rise from sub-$8.4 to $8.7 has established a flag-like pattern. All good, if it breaks above the falling trendline.
If it changes course again, then $8,300 would be the key level to watch out for.
The sharp rise from sub-$8.4 to $8.7 has established a flag-like pattern. All good, if it breaks above the falling trendline.
If it changes course again, then $8,300 would be the key level to watch out for.
#BTCUSD
OUTLOOK: Neutral/indecision as per ysday's doji candle
4hr chart: Another rejection at trendline would add credence to bearish MAs (50,100) and could yield drop to expanding channel supp seen around $8.3K
Bull break of channel may allow rally to $9.3K
OUTLOOK: Neutral/indecision as per ysday's doji candle
4hr chart: Another rejection at trendline would add credence to bearish MAs (50,100) and could yield drop to expanding channel supp seen around $8.3K
Bull break of channel may allow rally to $9.3K
Daily chart shows #BTC is wedged between 50MA (support) and 100MA (resistance).
50MA stands at $8287, 100MA is seen at $8837
Break below 50MA would mean sell-off from recent high of $9990 has resumed.
50MA stands at $8287, 100MA is seen at $8837
Break below 50MA would mean sell-off from recent high of $9990 has resumed.
The 5-day MA and 10-day MA continue to trend south in favor of the bears.
BTC has failed to cut through falling trendline seen in 4hr chart.
So, a break below $8596 (5-day MA) could be considered as first sign BTC is heading back to $8300
BTC has failed to cut through falling trendline seen in 4hr chart.
So, a break below $8596 (5-day MA) could be considered as first sign BTC is heading back to $8300
#BTC last 4hr candle failed to cross the descending trendline...ended on a flat note (created doji, signaling indecision).
$8,300 could be seen if the current 4hr candle dips below $8,600
$8,300 could be seen if the current 4hr candle dips below $8,600
BitMEX Chief Predicts Bitcoin Price to Hit $50,000 in 2018
There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs.
There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs.
#BTCUSD
OUTLOOK: Bearish
4hour chart: Rejection at falling trendline followed by downside break of expanding channel indicates sell-off from $9,990 has resumed.
BTC could drop below $8K and test supp at $ $7,800.
Close abv 10-day MA would abort bearish view
OUTLOOK: Bearish
4hour chart: Rejection at falling trendline followed by downside break of expanding channel indicates sell-off from $9,990 has resumed.
BTC could drop below $8K and test supp at $ $7,800.
Close abv 10-day MA would abort bearish view
#BTC created a gravestone doji on hourly chart... could be an indication the recovery from the daily low of $8,100 has ended
#BCHBTC
OUTLOOK: Bearish
Rejection at 5-day MA to embolden bears.
5,10 MAs and 14-day RSI is biased bearish.
Drop to 0.1383 (May 1 low) likely.
Only close above 10-day MA would abort bearish view.
OUTLOOK: Bearish
Rejection at 5-day MA to embolden bears.
5,10 MAs and 14-day RSI is biased bearish.
Drop to 0.1383 (May 1 low) likely.
Only close above 10-day MA would abort bearish view.
#BTC
OUTLOOK: Bearish
Closed below 50DMA and 50% Fib retracement, signaling continuaton of sell-off from $9,990.
5,10 MA and RSI biased bearish.
5-50 bear cross ahead.
Looks set to test $7,800.
Move abv 10DMA would abort bearish view.
OUTLOOK: Bearish
Closed below 50DMA and 50% Fib retracement, signaling continuaton of sell-off from $9,990.
5,10 MA and RSI biased bearish.
5-50 bear cross ahead.
Looks set to test $7,800.
Move abv 10DMA would abort bearish view.
#ETHBTC
OUTLOOK: Bearish
Bearish RSI divergence
Ascending trendline breached
5,10 MAs are beginning to rollover in favor of the bears.
Could drop to 0.08-0.077 in next couple of days.
Close abv 0.0862 would abort bearish view.
OUTLOOK: Bearish
Bearish RSI divergence
Ascending trendline breached
5,10 MAs are beginning to rollover in favor of the bears.
Could drop to 0.08-0.077 in next couple of days.
Close abv 0.0862 would abort bearish view.