Risk: Medium (Because of possible high volatility because of launch futures)
A triangle is formed and we will wait for a breakout.
- Last candle is a hammer. (Bullish sign) - After reaching first target, a bullish flag will be formed. This is a strong signal to reach higer levels. - Correction in cryptomarket was just a healthy correction and nothing to be scared of. - Launch Bitcoin futures is positive at the short term and will continue the flow of money into the cryptomarket.* - Most cryptos are forming big hammers, what means a bullish sign.
* Please. don't believe the messages of people that think Bitcoin will crash today or December 18th. And take all alt coins with them. It only leads to higher volatility because of the sudden cash flow. Besides that, a lot of hedgefunds are jumping in, they will always buy the underlying value. The correction past days was technically a healthy correction in a bullish market.
Targets Target 1: 1692 Target 2: 2445
Support levels Support level: 1105 Support level: 858
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Questions? Just ask and your feedback is very welcome.
Komen
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No crash, but an upward movement as expected. Let's break out!
Komen
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Bitcoincash broke out its triangle, if we close above 1492, we will reach our first target very soon! Next resistance is target 1. Congratulations with your profits so far.
Dagangan ditutup: sasaran tercapai
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We have reached our first target as expected! I took some profits arround 1850 and I'll keep the rest of my position to reach our second target. If we close above the 1922 level with a day candle today, it is possbile to reach our second target very soon. If not, it will take some more time. This resistance level will raise every day with +/- $10.
what is the probability that it will drop to 858 .. ?? big or small
Trades999
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@BBENTAYGA, It not likely. In that scenario, we need to close the current bullish candle under the raising line (1223). This level raises every day. Besides that, 1105 is strong support level. You'll also find a fibonacci retracement level here (Not on this chart)