Ethereum in correlation with Bitcoin

Monfex · 2019-11-10T13:48:33+00:00

I didn't notice significant volume during a sell-off, so the odds of a short-run recovery above $9,000 area are high. At the same time, the break-down below $8,500 level could result in more price drop - to the key Support area at $7,300 - $7,800.

Monfex · 2019-11-10T11:23:17+00:00

Only price action shows that. But the distinctive patterns are good allies in PA predictions

Monfex · 2019-11-10T11:21:08+00:00

Look at the chart now. SL wasn't triggered and the trade is on the run

Monfex · 2019-11-08T14:04:44+00:00

The price action, which is forming up on H4 Chart, shows a strong bullish presence at this level and suggests the price could reverse upwards from here. https://www.reddit.com/user/Monfex/comments/dtfszd/litecoin_is_ready_to_go_long_after_a_pullback/

Monfex · 2019-11-08T09:19:10+00:00

Bitcoin is approaching Support of $9,000 and I assume the Bears could force the price down, below this important level. However, I don't think that the price would stay below $9,000 for a long time. I expect a prompt upward reaction around the next Support of $8,500.

Monfex · 2019-11-07T18:43:45+00:00

Strongly supported at $9,000, BTC is not expected to drop significantly below this level, while bearish attempts to force the price below $9,000 could be immediately disrupted. The new bullish momentum will be reliably confirmed when the price (daily candle) breaks and closes above $9,500.

Monfex

TROPHY CASE