BTC/USD BIG WARNINGThe big boys just pushed the price from 8750 to 9300 within less than 2hours. NO consolidation or sells AT ALL. They pushed about 15 B dollars into the market out of thin air within 2 hours. Which crated a MASSIVE candle that need to be squared up (you can go take a look at the 1minute chart you will see that it ONLY went up).
This move made it break past the 9100 level. Reaching the next level 9300) and push through it. They are trying to get that unsquared up candles on the left (the red ones).
There is 2 possibilities here
1: BTC goes up to 9700 ish (max) and then plummets down, this could be the indication of a MASSIVE reversal (its Wednesday too (best volume day in the market)) All the way down to 8500 area, and if it break through that level like its nothing then we can expect BTC to start dropping HARD. (this possibility is backed by 2 square up candles which is BIG)
2: The big boys keep pushing the price up and they break past 9900 level to go get the 10900 level
I am betting on the #1
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Let me know what you guys think in the comment.
Btcoin
Bitcoin and Bitcoin Cash - Virtual coins PvP for crypto space!As Bitcoin civil war continues, so are we.... Bearish or Bullish?
Beats playing Eve Online :P
Its hard not to take notice of recent events, BTC, still the king and holding strong but we see some dips coming in the near future and with opposite colorations on prices, makes a solid indicator to trade with, been a very powerful week with market cap peaking out at $212 bln.
We saw huge gains with BCH, it has a very solid feel about it and hugely manipulated so trade wisely on that one.
So expecting BTC to break down to $4k level at the most, slight chance of $3800 with support, we can go as high as $7k again but not seeing this until next week, but as always dont bet against bitcoin!
Big difference is Bitcoin Cash
BCH levels of support at 900/1000, BTC rise would push on that and could break down further, so heads up just in case.
Currently within a triangle and looking to see if it breaks up out towards the fib levels for resistance, take easy profits there, this could break either way if reaches over 1400 we will see further movement towards $2,000 and possibly a retest of the ATH
Alternative to BTC-long idea: Possible longer-term shortIF AND ONLY IF, a reversal occurs from around 1060, on the 2-Hour chart shows the possibility of profit potential. Otherwise, may be a continuation on a higher timeframe.
This may be the last chance for the price to move down near 1060 at this time if it becomes a reversal
BTCUSD Uptrend continuation [Mar. 29.2017]I have seen price has pulled back to 61.8% on Fibonacci level and due to the price movement being of continuation, Fibonacci pattern shows, that from $1,006 price will move up to $1,163 (161.8%) or at least to $1,111 before a pullback/retracement OR a reversal occurs.