Hey snipers foster here, hope you guys are having a great day. I
Decided to make you guys a price prediction or price movement video on Bitcoin or misko and Cortana, so let's just jump straight into it
Okay, we are in Corning G
And the one day Bitcoin chart and as you guys obviously are aware of we recently broke out of this
flick
continuation and
Which was basically?
Started by a positive MACD convergence. I'll show you guys a little bit more in the two hour chart, but before we do that
Our next resistance level is going to be eleven thousand eight hundred dollars approximately some could say well. That's you know that's twelve thousand
Somewhere in that area probably depends on the exchange where you are
What we see here actually is ever since this February 6th low
We seem to be
forming an ascending triangle
And this flag continuation this breakup was exactly right there on that point
So
This is very bullish as you guys obviously know
Let me see if I can pull this cord the ascending triangle
The support levels for the resistance levels are at the same level and
support seems to be going up until there's so much pressure in this pressure cooker that we break up and
So the question is will we break up basically will this trend continue to grow up or what we'll go back towards
Somewhere towards the support and then go up
Maybe we can find a little bit more on the to our chart
This is also what you can see here. We have a downtrend in yellow and
we had a
even little steeper
Higher lows on the MACD and so this means that there is a
Positive divergence and right here there was a basically even before these green cannot start it you could see hey we have a positive
And so we're going to go which we did
There are two trends here visible in general you can say that bitcoin is
Basically in this channel
Right we are in this upwards channel however some of you might say well. We actually were in
This ascending wedge, which actually was pointed straight for the resistance level, however. We broke down out of it and
We found support here on this level which could be
Like this line this could be a support level as well
Of course now the question is where is the prize going to go right because are we now in this main are we in this?
Channel going up or and it is what's still important?
Maybe it's no longer or will there be resistance right now as you can see here this week bounced off of this level so this
Indicates that that would definitely be a support resistance level here
So what I would think is that
If we look maybe we can at the Bollinger Band to see what kind of where we're headed
Looks like we broke through the middle going slowly towards the top there was a little squeeze here
So if we trade in this area first then I would say that
We might just bounce up there
trade sideways and then
bounce off of this support going up
There is what I would say
based upon
The Bollinger Bands as you can see here that errors. Eye is
Positive we're definitely in a buying trend. We're definitely not oversold or overbought
That matter and MACD has crushed which is also bullish so we might just not even be going
Staying at this level and go up a little room. I just even right now. We're not exactly right now, right?
We might just be
Trading more like
No matter what happens as you guys know as my aim has explained as I have
explained to you in the past
make sure to set your buy sell and stop losses in the proper areas and
if you want to look at certain sell areas what you could think is let's just turn this off because it's
Getting a little crowded in here
The previous high was actually twelve thousand one hundred and seventy eight
But this level here this seems to be a pretty decent
Level where we have resistance with a whole bunch of support here, so historically
Speaking this is an important level here. It's a twelve thousand nine hundred and twenty level and
So we are looking at if there's a breakout you have approximately eight point eight nine percent
movement area
so if you want to set your
You know you might want to sell certain amount of your selling below this level here somewhere I
Hope this gives them a little bit more
Or different insight in where bitcoin is headed a little bit more zoomed in perspective
Let's look at Ole Miss go
Where I hope actually we pronounce this correctly as Oh miss Coe? I can just say oh my oh ma
Coin
one point eight billion dollars ranked number twenty two
and I believe we
Finance we have G
This is the two big chart let's go through the sorry to our let's go to this chart
So the purple line it's a 50-day moving average and as you guys can see we've been bouncing off of it
Training away going there bouncing off of it and right now
We're exactly on there so of course the question is will the same thing happen as earlier that we bounced off of it
we can see here that this is definitely a
Resistance level there and we seem to be having a support level here and there of course are more supporting distance levels
to be drawn
I'm going to make this entire screen blue. It gives you an idea and so basically we have rising
support levels here
So even if we look back maybe from this point
Might as you guys can see here as we have in general
My prices go down on oMG and it bounced back up go down bounce back up go down
There's a decent chance that price will go up from here forming this bigger
Actually from movie is to make
this a little keep it simple right keep it simple and
We'll just like earlier in VidCon. I think we are in an ascending triangle where we
Bounce off and you know this area might even be in poor as well for this triangle, but let's just keep it here
Or you could say
Maybe even be drawing it from here
That's an interesting one
Right we bounced off here. We break through then we bounce off again. We bounce off again
We bounce off again, so yeah, this is in general and we're talking going all the way back into
November even a very big ascending triangle
Or at least the support level and so right now what I expect is that?
We'll be going up from here to tower start testing this level at
186,000 Satoshi's
It looked like we had a bull flag here, so a bull run with the flag another bull run with most likely a flag
So let's see if we can use this flag or see if this is a flag
To see if this is a confirmation of this trend
Let's see
Like here and here
It is it's a little bit stretch, there's a long flag
And we seem to be breaking out all dough right here after this break out. There's definitely some selling so there's people here
Probably setting up some profits
Aria say
Are taking their profits and just like
Let's see
But I should keep this one blue. I just wanted to show you guys
Another
It looks like a positive convergence that happened like this is your general trend down and we had
and looks like higher lows on the MACD so with you know showing an uptrend and
That could be arena where people bought here, and they took a certain percentage of gains
Let's say if you were to buy there, and you sell around here see that's around between five and six percent
So this selling could be exactly from those people who?
Bought in here so that it's definitely possible
Let's just remove this so if we look at a bigger picture again, it looks like this line has disappeared on me
One day so
What I think will happen is we have a the RSI went down a little bit in this downtrend
But it seems to be recovering and the MACD has crossed bearish but is still
above the zero line
So the question is what will happen. I think if it holds this level
Right if we're gonna hold this and bounce off here
Then we have a decent chance of testing new move the old highs where people are able to set their
trades
Of course if you are a swing or day trader you might already be
Sending your buy
Sell and stop losses here, and you can do that right you can say hey, we're gonna buy in here
But if it breaks to lower we do our stop losses, and otherwise. We'll just take our profits here even before it reaches resistance level
Anyways it seems to be pretty bullish in
OMG, let's go to
card on Oh third coin
Marcus kept seven point seven billion dollars and ranked number six
In card I know we figured this one here
So what's been happening in Cardno if you follow my analysis channel on this chord?
Carano has been known to be overbought for a short period and then
Oversold, and if you look here in the middle of the arrow side when it's off at 50
everything below this line
that area most of everything is in there with RSI that means that is constantly being sold which reflects in the price and
So price goes up down up and down again up
overbought and down again
Autobot and down again, so
this trend has been continuing for
This entire year of 2018 for the last two two and a half months
and right now
what we see here because
you could say in general that we are in a
descending triangle but
Something important happens here, and this is what I wanted to include this in my video
Is that if we look back to last year December? We have some pretty decent resistance levels here and
Right now we are trading in the pent with where we were in
December the volume back then was a little higher and so the question is of course will this hold
if it does this would be a
low
Definitely buying a read situation where you can just win a prize a group from Carano from here on however this negative trend continuously
You know might state otherwise?
So what I think we should do is at least?
establish
historical
support and resistance levels to see if we can learn something from that and
so if we zoom in here
It looks like we had
Let's see where would it be?
Around here we had resistance level
This is where we had support of course in general you could say that we have had support level here and
This might be a support, which isn't that right we have support here with resistance there
So these levels why do I draw this from the past because it's important
Where we are headed?
So what we see here it is kind of crucial. Is there is basically no
Or not in any known support levels here, so if we go down from here if we look at a price range we can
potentially drop
About 45% that's pretty big
However on the upturn
Let's set this if we go up to the most recent support level we have a potential of about 20%
So
Maybe we should have a look at
What and make these says because the magnet has crossed positive and we seem to be having slightly let's move this a little bit
slightly higher lows in the MACD so that could lead to
Because right we have a general price going down here going up onto this resistance level
but we have
Higher lows in a magnet, so this looks like to be a positive
convergence
Sorry a positive divergence is not a positive air conversion positive divergence
Which could lead into a trend reversal, and so if we look at a bigger picture
This gap is pretty big so what is
Realistic to say or to think is that you know people who trade Kurama see that right now. It's definitely at a I
Wouldn't say all time low, but it's like
Within the last three months you cannot get lower than this and we have decent we have decent support here
so if
We look at the RSI we see
That ours is slowly going up
And it seems to be going up less steep than in the past
But all these Peaks are just shoot up and down shoot up and right now. We seem to be more in a more
There's less of a an incline which is seems to be more stable, so I think that is a bullish signal
We cannot really use the MIDI
I know it's going to go across the zero line and might be going up more we have crossed and it is all bullish but
There's hardly. There's not a whole lot of difference so that may need from that standpoint of view is you cannot really use a lot?
Let's see if the Bollinger Bands will bring us anything else
It looks like we just moved from the lower part moving into the higher part bouncing back up the middle going up
so yeah, I think we would probably be trading in this area here I
Think we'll be trading with the Bollinger Bands in that area, so I think this support level will hold and
Let me see
If there's anything else I can show you guys
Yeah, what if we look at volume I'm not sure if it shows better on the one day
Let's see
Doesn't look like it. Let's just go back today two hours is
the dollar cost averaging
So that basically means that concern?
times in the week in a month you buy for a certain amount of dollars into a coin and
These areas will being our but might resemble something like that that we have certain buy areas we buy here by here
by here
Could be that people are
dollar
cost averaging this coin or Bitcoin
Averaging it right because you cannot buy cardano's for dollars
So yeah to conclude this at the right now we will probably
Slowly heading up to test this
3115
resistance level
Just like the other coins if you decide to trade this after your own analysis your fundamental analysis your own technical analysis
make sure to set the right set the proper buy sell and stop-loss orders and
I want to leave you guys with this so sending, Microsoft
You
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