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  • View Poll Results: Were you see BITCOIN in 3 months?

    Voters
    14. You may not vote on this poll
    • 10.000 USD

      8 57.14%
    • 12.000 USD

      2 14.29%
    • 5.000 USD

      1 7.14%
    • 7.000 USD

      3 21.43%
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    Thread: #Bitcoin chart analysis

    1. #261
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      Name:  Bitcoin uptrending channel.png
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      Bitcoin continues to push lower and then retrace back up. I have drawn a nice up rising channel on Bitcoin. I do not favor these setups and rarely trade them but since Bitcoin is this slow moving, I think this type of setup has potential. The key here is to look for the next move. I think if Bitcoin goes below this channel, it needs to clear this 8,1k support before it becomes bearish but if it does not do that, we can try to buy it every time it visits this lower line of the channel and take profit upon new high in this channel. If there is a strong move higher above the channel, then be ready for strong move to 10k at least.


    2. #262
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      After testing the resistance again around 8820, BTC relapsed, returning to the 8450/8500 zone.
      Below, we could go test the support at 8300, while a break below 8300 would restart the fall of Bitcoin towards 8100 at first. Below, we will then have 8k and 7900 as potential supports.

      On the rise, it will be necessary to break 8900 to reinforce the rebound towards 9000. Higher we will then have the 9300 and 9500 as resistances.
      Spoiler Spoiler:


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      dzin4aans (05-16-2018)

    4. #263
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      Name:  BTC not easy at all.png
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      Bitcoin bitcoin not easy at all. The channel I created yesterday was basically broken in just hours after the analysis. I am very curious now where the price will be heading because it has moved below 8,1k, triggered the stop losses and now again inching slowly higher. But the more it keeps lower, the more likely its going to go lower so not that confident of an up move anymore. Will see.


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      azmassi (05-16-2018)

    6. #264
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      Bitcoin is still under a bearish pressure, and a break below the 8100 would strengthen the decline in the direction of the 7900 and 7800 at first.
      On the rise, it will first back above 8400 to anticipate a movement towards 8600 and 8800.
      Above, we will then have the 9000 threshold, before 9100 and 9200.
      Spoiler Spoiler:


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      dzin4aans (05-17-2018)

    8. #265
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      Name:  Bitcoin struggle.png
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      Bitcoin does struggle now and the more it sits down there at 8k, the more its unlikely to continue higher without any sudden news in cryptomarkets. For now I remain on sidelines, its not a strong setup to buy Bitcoin, I would suggest to wait a bit so it becomes more clearer but I believe we will see in the coming days, especially how the weekly candle closes later this week.


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      azmassi (05-17-2018)

    10. #266
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      Quote Originally Posted by azmassi View Post
      Bitcoin is still under a bearish pressure, and a break below the 8100 would strengthen the decline in the direction of the 7900 and 7800 at first.
      On the rise, it will first back above 8400 to anticipate a movement towards 8600 and 8800.
      Above, we will then have the 9000 threshold, before 9100 and 9200.
      Spoiler Spoiler:
      BTC consolidates again after its recent decline.
      The support at 8100 holds well, so a break of this support is necessary to resume the decline in the direction of 7900 and then 7500.
      On the rise, it should break 8400 that now offers resistance, to boost the rise towards 8600, then 8800 and 8900 at first.


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      dzin4aans (05-18-2018)

    12. #267
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      Name:  BTC still sliding lower.png
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      Like Azmassi has pointed out, Bitcoin is still holding somehow the 8,1k level but it keeps doing this slide lower session after session which is not nice to see. Seems that whole week will be closing lower but the speed it has falling down, its not too promising for selling Bitcoin so I keep being neutral at this point but with slight bullish setup in my mind.


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    14. #268
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      Name:  Bitcoin tricky.png
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      Bitcoin has been very tricky these days but look - its still holding above 8k This must be important for now and if it continues to rise, even more important. I am eagerly waiting for a move above 8,9k to confirm its not trending lower and looking to buy it from there. For now, let it float in the range of 8k to 9k..


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