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Forex Economic Calendar A: How Forex Trading Works. Good Luck Please support the I am saying this as to warn the bulls in advance. Bitcoin is in a technical juncture. Price has been at the mercy of technicals which just keep getting the better of BTC at every turn.
It recently found resistance on long term side-wards Xrapid further adoption which utilizes XRP 2. Speculation adds on more investments 3. Codius release smart contracts 5. Cobalt algorithm release transactions now take 1 second, dependency in The price difference went up to 50 points almost again and each time this happened the Bitmex brother eventually won the small battle again and made the price drop again because the volume from the buyers was just too low each time.
Repeating the same pattern over and over again. One thing that is bugging me, i just can help thinking there is a game plan here. So let's take a look at the following questions: When will this breakout happen? Bitcoin reached its all time high back in December After this the price started to decline until it hit a low Yesterday we got a breakout from the triangle.
It was enough that the four-hour candle closes below the trendline, below the EMA's and the movement downwards be able to continue. This was almost a perfect breakout trade, we got a candle close below the triangle trendline and in the one-hour time frame, BTC' price made a retest and bounce-back after it Title says it all - check out the Coinbase blog of possible new entries. See you at XRP.
After much consideration, I believe we are in the nd wave of all of ETH's price action Longest term , with that being said; I also believe we are in a complex correction for wave B of our correction which I have marked end point in red fibonacci.
Path has been drawn accordingly, but there are many variables that can take place so I have only drawn it to the end Bitcoin is consolidating in triangle. That's a signal that bis players accumulate their position and there will be powerful move. You need to think like a trader and wait when big players show their plans. That signal will be breakout.
There are 2 scenarios: