Trading 102 support and resistance


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We are back!

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Oke we are back! you guys must be thinking "where did they go, no signals?, are they gone?" No we are not and we would like to apologize for the absence! There where a couple of issues, first of all google play looking in to mining and crypto apps so we had to deal with that first. Don't worry we are not mining of you guys!!. second we had some family issues and as you all can understand, family comes first. The signals will increase over time as we have more and more time now and have more options to work on the app again. We hope you all understand the situation and we will keep you posted as we recover from these hectic times. Again very sorry for not being there for you guys!!
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Bitwise Files With US Securities and Exchange Commission to Launch Crypto ETF

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Digital asset manager Bitwise has filed with the U.S. Securities and Exchange Commission (SEC) to launch a regulated exchange-traded fund (ETF) for cryptocurrency, according to a July 24 press release. The Bitwise HOLD 10 Cryptocurrency Index will include 10 cryptocurrencies, and will track the Bitwise HOLD 10 Private Index Fund that was founded in November. According to the press release, the HOLD 10 Index captures around 80 percent of total market capitalization of the cryptocurrency market. Read whole article...
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BTC update 31st July

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BTC now trading around 7710. As you know fibonacci retracement happens a lot in the world of bitcoin. The magic number we are looking is 0.618 (61.8%). If we look at the first retracement in the image you will see that the lowest point compared to the highest point is the total fib range. At the end of the retracement you see we are at 61.8% and had a run up. If we look at the seccond fib retracement we see the same thing. Currently we are at the 0.618 (61.8%) level again so we should expect a run up. To determine how much of a run it will be, we can take the whole fib range (0 to 1) and this would determine how high the run could be seen from the 0.618 fib level. In this case we could see a run towards 8950. I know this is a bit confusing if you don't do technical analysis etc. but maybe we can learn something together. We also want to let you guys know we don't grab some random numbers and hope these are the correct ones ;) Conclusion : fibonacci at support level 0.618 and w...
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