Skip to main content

Trade Recommendation 26.12.2017: Bitcoin

Now the 1st support zone holds the market and it can be a starting point for a new upward movement. We can spot a double bottom chart pattern which gives us a possible trend reversal signal. This pattern will be realized as a reversal one when the market moves above the previous swing high. If the price breaks the downtrend line and rises above 15000.00 level, we’ll get confirmed trend reversal signal and a new buy opportunity. RSI confirms price reversal from the 1st support zone. MACD supports the upward movement and DMI allows opening long trades. Entry level is 15100.00 with stop below the local swing low at 11500.00 level. Profit targets are 20000.00 and 25000.00 levels. The part of trade can be left for long run. Alternative variant, if the price bounces from the downtrend line, probably we’ll see further downward movement to the 2nd support zone. This zone looks more solid and it’s better for opening long positions. If you don’t use leverage, trading volume for this trade is up to 20% from your deposit. 

Market: BTCUSDT
Buy: 15100.00Stop: 11500.00
Profit Targets: 20000.00 and 25000.00
The trading signal is based on Poloniex chart.
Disclaimer: The analyst are some invested in Bitcoin.

Comments

Post a Comment

Popular posts from this blog

history grow of money and bitcoin

https://www.youtube.com/watch?v=FKXLaui-KuQ
2 comments
Read more

Bitcoin 21.10.2017: Bitcoin Hits $100 Billion as Record Rally Continues

Bitcoin’s epic rally intensified Friday, as the token reached $6,000 for the first time in its history, bringing the total market value above $100 billion. Bitcoin’s Fresh Intraday High BTC/USD touched an intraday high of $6,064.14, bringing its total market cap to $100.8 billion. That’s roughly $85 billion higher than where the market started in January. At press time, bitcoin was trading around $5,993, up more than 5% on the day. From a technical perspective, the digital currency is considered overbought. However, the technicals are typically less reliable during extreme price movements like we’ve seen in recent weeks. The world’s leading cryptocurrency has added a staggering 520% this year. Bitcoin’s rally didn’t really extend to other cryptocurrencies Friday. Ethereum continued to trade just north of $300, while Ripple (XRP) consolidated a hair below 21 U.S. cents. The cryptocurrency market’s combined market cap is roughly $173.4 billion, which is roug...
Post a Comment
Read more

What is Monero?

What is Monero? An In-depth Guide Originally launched in April 2014 as BitMonero, Monero (symbol XMR), means money in esperanto. Monero, a fork of Bytecoin, is a secure, private and untraceable currency, built on the Cryptonote protocol. Monero uses ring signatures, ring confidential transactions (RCT) and stealth addresses to obfuscate transactions at the protocol level. Technical Details Launched:  April 14, 2014 Total coin supply:  Initially 18.4 million coins (After this, there will be a permanent fixed production of 0.3 XMR per minute to balance out lost coins per year) Algorithm:  Proof of Work (PoW) using CryptoNight Block reward:  Smoothly varying Block time:  120 seconds Difficulty:  Retargets at every block Cryptonote, the initial codebase and precursor to Monero Issue With Bitcoin That Monero Aims to Solve One of  Bitcoin’s  big downfalls is the lack of flexibility for the implementation of new feature...
Post a Comment
Read more