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Swing/Trend trades wont really be effective and would really give you possibly a losing trade.We are somehow on a consolidation period where theres no trend either we go down or up but we should not be too confident because not all price movements would really correlate with technical analysis because if fundamentals would come in those analysis would be broke out or set aside.
Topic: Bitcoin. There are signals, but there is no trend. (Read 136 times)
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Swing/Trend trades wont really be effective and would really give you possibly a losing trade.We are somehow on a consolidation period where theres no trend either we go down or up but we should not be too confident because not all price movements would really correlate with technical analysis because if fundamentals would come in those analysis would be broke out or set aside. It seems that Bitcoin, like many other cryptocurrencies, is stuck in the range.
Borders are settled at $ 8000- $ 12000.
$4000 difference is a large number. Before it was just $300-500.
It aint stuck, it is just resting. This happened before and then happened again. You are just impatient for the large movement that you want because you already saw how far it could go.
I bet there will be one again, just wait for it. Anytime a big climb could happen.
This aint the game for those who want faster money. Many holders here have been through a lot and they are still holding.
You have really analysis the state of the market and in reality bitcoin is going to stay within $8,000 and $12,000 for a very long long and I think this year 2018 is one of the range trend year and for those that buying too high there have to endure until bitcoin recover before selling if not they are going to sell at loses.
If I were you I would also put a score next to our previous results so people can actually see if you did a proper prediction or not
In the previous review, we wrote about Bitcoin drawing a U-turn up.
However, $ 12,000 was never surpassed. And the rate fell below $ 10,000.
Now the trend indicators are on sale, both on the daily and weekly charts.
And the trades are at the level of the previous local minimum ($ 9,400)
Technically, everything speaks about the resumption of the fall and the appropriateness of opening short positions.
At the same time, we have a suspicion that this is another "drawn" signal. That means, there will not be a big downward movement. However, there won’t be any movement up either.
It seems that Bitcoin, like many other cryptocurrencies, is stuck in the range.
Borders are settled at $ 8000- $ 12000.
Before exiting the range, trend strategies will suffer a loss. Trading within the range is very difficult, since its borders aren’t strict and may well expand to $ 6,000- $ 14,000.
In this situation, it is preferable not to bid.
Profitable deals and follow our reviews!
All Technical Analyses from the ICEX team are on our website - https://app.icex.ch/en/feed/technical-analysis
#icex #bitcoin #Cryptocurrency #investment #exchange #analysis #technicalanalysis
However, $ 12,000 was never surpassed. And the rate fell below $ 10,000.
Now the trend indicators are on sale, both on the daily and weekly charts.
And the trades are at the level of the previous local minimum ($ 9,400)
Technically, everything speaks about the resumption of the fall and the appropriateness of opening short positions.
At the same time, we have a suspicion that this is another "drawn" signal. That means, there will not be a big downward movement. However, there won’t be any movement up either.
It seems that Bitcoin, like many other cryptocurrencies, is stuck in the range.
Borders are settled at $ 8000- $ 12000.
Before exiting the range, trend strategies will suffer a loss. Trading within the range is very difficult, since its borders aren’t strict and may well expand to $ 6,000- $ 14,000.
In this situation, it is preferable not to bid.
Profitable deals and follow our reviews!
All Technical Analyses from the ICEX team are on our website - https://app.icex.ch/en/feed/technical-analysis
#icex #bitcoin #Cryptocurrency #investment #exchange #analysis #technicalanalysis
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