RATE Group | Cryptocurrency Point & Figure Chart Analysis: Bitcoin, Ethereum, Litecoin, Cardano
70737
post-template-default,single,single-post,postid-70737,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency Point & Figure Chart Analysis: Bitcoin, Ethereum, Litecoin, Cardano

03 Dec Cryptocurrency Point & Figure Chart Analysis: Bitcoin, Ethereum, Litecoin, Cardano

Posted at 09:23h in Bitcoin News by

[ad_1]

Overview of the cryptocurrency market utilizing Point and Figure analysis. Any long or short entry ideas will be identified.

Bitcoin (BTC) – $200 box size/3-box reversal

Bitcoin (BTC)

A prior trade idea from a couple of weeks ago identified a long aggressive entry at $7200. The highest X that Bitcoin has reached since the current X column was formed was $7800. For a new column of Os to form, Bitcoin would need to complete a 3-box reversal, which would occur if Bitcoin moved down to $7200. There is presently no condition to leave the aggressive long entry. On the short side of things, if Bitcoin moves down to $6600, it would create a double-bottom with a short entry at a break of that double-bottom @ $6400.

Short entry @ $6400

Ethereum (ETH)

$5 box size/3-box reversal

Ethereum (ETH)

The short idea that I have listed at $155 was a prior short idea that turned into a nice…

[ad_2]

Source link

Tags:
, , , , , , , ,