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Showing posts with the label btc

Bitcoin heading much lower

The first and most popular crypto currency , bitcoin is sliding below the last line of support 6300$ ,now trading at 6170$ . Honestly i was terribly bullish on bitcoin and I was seeing 13000$ as year end target. However that fall from 7500$ to 6200$ is a very bearish sign and there is no sign of even short term recovery. So , the target now would be 3000$ It is recommended to liquidate to tether until it is very clear if we are keeping the slide or recovering again over 7000$.

DGB/BTC will start a rally

Digibyte (DGB) is supported by a rising trandline and is giving a good bullish sign. Next resistance will be the bearish trendline at the area between .00000600 btc to .00000640 BTC. The pair is expected to rise as far as .00000903 BTC which is 1.618% fibonnaci extension level.

Ripple : Rebounds from 1.05$

Ripple ($XRP) fall to lows of 1.05$ where it found critical support and rebound to 1.11$ at the moment of writing. Yesterday XRP broke below the bullish trend-line and broke the double bottom at 1.14$ . Last line of defense mentioned in earlier post managed to give the pair some support. Currently the pair might face some resistance at 1.14$ (previous support turned into resistance) and we have 1.25$ as break or make critical area. it will of great resistance which if broken will create a strong bullish trend.

GNT/BTC technical analysis 27-1-18

Golem (GNT/BTC) is about to start a bullish reversal and it is time to go really long. This area proves to have been a great resistance for the which it  broke a month ago and it has been testing it now. Your exit will be on a daily close below 0.000047btc  First resistance at .000052 where 200 SMA lies , your target should be around .000065 . Golem is the first global market for idle computer power " https://golem.network /" 

Bitcoin will rebound ?

Technical analysis of #bitcoin shows that it has been stuck in the area between 10k and 11.5k . A break above 11500$ will start a bullish trend and a break below 9700$ will start a bearish trend. So keep those limits in mind. A break above will help it continue to 14000$- 15000$ , while a break below 9700$ will clear the way to 6500$ . So you can long at current area around 10400$ and sell if we break 9700$ with target 1400$ .

XRP (ripple) is about to rally-

XRP/USD (ripple) is about to rally , first resistance will be around 1.36$ then we have clear way to 2$ in the next few hours. Lets keep an eye on how things will develop and I will let you know if this trade recommendation proves wrong. For now , we are still on the bright side holding breath for a fast rally. Fasten your seat belts and book in 60% gain this week.

Xrp/ripple holding gains at 1.30$

Xrp/usd (ripple) has been consolidating for two days now after surging from 85 cents to 1.60$ The pair lost momentum and returned to test 50% retracment level of the move . Most probable we will have another leg up towards 2.10$ area before falling back again , so it is preferred to go long at current area targeting a 60% gain. Stay tuned for updates on this trade and more trading recommendations .