I'd say Bitcoin's momentum is neutral.
However, on smaller timeframes we can see that a buying power is trying to push Bitcoin above 7100.
From a technical point of view we have a first resistance around 7100
If we break the 7100, the EMA 100 located around 7500 + simbolic level will surely be a place where the bears will be located.
I think it will take two more tries before Bitcoin can break the 7500 and then go get the 9000 where a lot of sellers can be there
So I'll stay buyer as long as we stay above the monthly pivot point of 6700.
For daytraders an excellent scenario would be a break from the 7200 and then a return to the 7100.
For swingers an excellent opportunity was to take position around 6700
A second chance could be a stabilization around the 7000 and a break of the 7100,
the stop loss should be around 6850 and a TP1 8000 (Risk reward not really interesting) but with a good trend follower everything is possible.
In the selling senario a stabilization in the lower part of the bollinger band and below the "monthly and weekly" pivot points would be a good sign to sell.
Don't forget to follow me on twitter.
However, on smaller timeframes we can see that a buying power is trying to push Bitcoin above 7100.
From a technical point of view we have a first resistance around 7100
If we break the 7100, the EMA 100 located around 7500 + simbolic level will surely be a place where the bears will be located.
I think it will take two more tries before Bitcoin can break the 7500 and then go get the 9000 where a lot of sellers can be there
So I'll stay buyer as long as we stay above the monthly pivot point of 6700.
For daytraders an excellent scenario would be a break from the 7200 and then a return to the 7100.
For swingers an excellent opportunity was to take position around 6700
A second chance could be a stabilization around the 7000 and a break of the 7100,
the stop loss should be around 6850 and a TP1 8000 (Risk reward not really interesting) but with a good trend follower everything is possible.
In the selling senario a stabilization in the lower part of the bollinger band and below the "monthly and weekly" pivot points would be a good sign to sell.
Don't forget to follow me on twitter.
Comentarios:
Today it will be really complicate
Important to stay above 6900 WPP
volatily increases on BTC - need to adapt your SL
SwingTrading - SL to BE (6700)
DayTrading - the best would be a return to 7000 and 6950 retest.
Sometimes, No Trade is the Best Trade
Important to stay above 6900 WPP
volatily increases on BTC - need to adapt your SL
SwingTrading - SL to BE (6700)
DayTrading - the best would be a return to 7000 and 6950 retest.
Sometimes, No Trade is the Best Trade
Comentarios:
Support - 6820, 6700
Weekly Pivot Point (WPP) - 6900
Resistance - 7000, 7100, 7250
Balance level - 6985
Yesterday was a game of ping pong, very difficult to manage.
daytrading - around 6950 would be perfect
Weekly Pivot Point (WPP) - 6900
Resistance - 7000, 7100, 7250
Balance level - 6985
Yesterday was a game of ping pong, very difficult to manage.
daytrading - around 6950 would be perfect
Comentarios:
daytrading - buying below 7100 or 7000
If BTC misses its attempt to break the 7200 then it can go back to the 7000.
wingtrading - still in position from 6700 (13/04)
I think Bitcoin can consolidate around 7150 for several days.
twitter.com/Tchandal...494912905216/photo/1
If BTC misses its attempt to break the 7200 then it can go back to the 7000.
wingtrading - still in position from 6700 (13/04)
I think Bitcoin can consolidate around 7150 for several days.
twitter.com/Tchandal...494912905216/photo/1
Comentarios:
7200 is the major resistance for any kind of strategy.
If we break 7283 then 7700 would be the next major resistance.
If we break 7283 then 7700 would be the next major resistance.
Daytrading below 7080 - 7050, or rebounds on levels such as 7100-7120
Support - 6900 WPP, 7000 symbolic level
Resistance - 7250, 7300, 7352 WR1
BTC week target - 7500