luckyhelper

New major trend is a sideways movement

BITFINEX:BTCUSD   Bitcoin / Dollar
On February 12, BTCUSD             crossed the brown dashed trendline and it seems that the major downtrend ended. However, the new trend is not an uptrend, but a sideways movement. The price of Bitcoin             is fluctuating around Pivot Point .

An outbreak of this sideways movement can establish either a new uptrend or a continuation of the downtrend above the brown dashed trendline .

Pivot Point is 8592. Below Pivot Point , there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
Kommentar: BTCUSD just tested the upside of the blue dotted trendline and the resistance R1 level. It could not yet break the double resistance, nor did it bounce. I expect another test of the two resistances.
snapshot
Kommentar: How does the scenario look like on the chart with weekly patterns? The candlestick pattern on the bottom shows an undecided situation. The trendline suggests that the major downtrend is still effective.
snapshot
its a bullish momentum of course so i opened long with a very conservative target
Antworten
venturetrade PRO venturetrade
@venturetrade, i actually switched to short cuz i think we will retrace in my math i can make more money this way.
Antworten
Yeah it looks like evening star formation. We will see.
+1 Antworten
luckyhelper venturetrade
@venturetrade, it is not an evening star. There are no gaps.
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/EveningStar.html
Antworten
venturetrade PRO luckyhelper
@luckyhelper, meant morning star yeah i know but bitcoin never really has any gaps so its very approximate of course.
Antworten
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden