Bitcoin Wizard
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Pattern canceled, stop loss suggested was reached
Bitcoin Wizard
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Back, to the initial analysis, nothing to do in this zone for btc, either breakout of $12.400 or buy around 7.8 or 8k in September
Bitcoin Wizard
This process can take 1 month, to me this a Bear zone already and Bull impatien traders will have a hard time catching dead cat bounces and hitting stop losses every time. Once it breaks $10.900 is going to accelerate down. I will cancel this idea and Re…
About xrp and xlm, same buy zones, xrp has a strong support at the 200 weekly ma $0.284, lower than $0.27 means lower levels, xlm support and buy zone at the double bottom around $0.064/$0.07
Eos/usd $2.9/$3.6
Altcoins are more dificult to chart, btc be could be on its way down but when it stops some alts can rally we have seen this before.
Sorry I'm correcting the stellar buy zone, is at the current price $0.0725 short term targets $0.087/$0.09 mid term $0.11 stop loss if it close this weekly candle below $0.069
altcoins are showing good reversal sings, better than btc, xrp for example is breaking the 20 ema in 4h and has a nice bullish divergence, short term targets at the chart.
altcoins had a nice bounce, xlm closed the week good, I'm expecting more upside, xrp sort of sleeping still int he buy range but the weekly support keeps coming up so I don't see it lower than $0.282 and most likely to keep going higher from this level because is very oversold and divergent on the xrp/btc chart.
next buy signal for long term on btc should be given touching the 200 daily MA or very close to it, I sort of made a projection of this MA for the next month, I don't know when is the price going to reach this support but whenever it does will be a buy signal. the longer it takes the less it will drop.
xrp/btc is very tight, expecting breakout this week.
expecting small bounce on btc to $11.400/$11.500, but have the same bearish view overall. Im more bullish on altcoins, XRP and Stellar are looking way better than btc.
$10.800/$10.600 same support zone... right now is looking really good for a quick bounce up
for a quick super safe scalp a long from $10.650 the target is $10.850, but i expect higher prices after, next target will be $11.200 and maximum high i think $11.400/11.500.
Btc update: bounce from $10.600 only reached $10.680 not good, right now showing potencial more downside to $10.200/$10.270 before a bounce
Bitcoin Wizard
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Best buy zone when it reaches support closer to the 200 daily ma, seems like that will be in September, for now the price action is neutral-bearish and will eventually turn more bearish.
Neutral-bearish means the price is trending down slowly and will eventually gain downward, it does not favor Bitcoin longs at all, bounces are weak, despite we could still see quick up moves to $10.900 they are just corecctions and that doesn't mean something has changed.