In the past months, we saw how a triangle was formed in the bitcoin chart, this made many investors think that we were going to have a bullish break and later it will take us to overcome the level of 20,000 dollars. Unfortunately, we will have a bearish process in the following months due to the downward break of the triangle (with the confirmation of the volume)...
As seen on the chart, the price broke the 1W support (106.323) after a 2 day consolidation. This bearish break out on 4H has created a new Channel Down (MACD = -5.800, Highs/Lows = -7.8064, B/BP = -18.1400), parallel to May's main channel and has already crossed the Sep 2017 contact point. Given the oversold status on RSI = 20.428, STOCHRSI = 8.840, ADX = 80.343,...
Hello everyone I´m expecting a small pullback on bitcoin... Targets: 1. 6,900 2. >7,050< (main target) 3. 7,200 SL is on the chart Have a nice day!
Welcome back to another Bitcoin Analysis! This upcoming week will be an important one for BTC as we are very likely heading for the 6,2k/6,4k price levels. We've seen insane support at those prices in the past BUT if 6,2k breaks, take a deep breath, sell your house and brace yourself as its not going to be pretty!! Anyhow, as always, if you follow our drawings...
Good morning, traders. The despair is growing as price hovers around $6400 which tells me we are near time for a reversal, if only for a few thousand dollars at this time. The daily RSI is oversold which usually indicates a reversal. BTCUSD shorts are still very high within an ascending braodening wedge, which is bearish (bearish for shorts is bullish for price)....
Since the last update, EOS eventually entered the projected Channel Down and even hit 10.100 (S1) earlier than expected. The aggressive dive brings the price on short distance from out first TP (8.841). The 4H Channel Down (RSI = 28.270, STOCH = 25.411) appears to have priced a Lower Low much earlier (Highs/Lows = -0.5396) and needs to consolidate in order to...
buy ARK in safe zone 0.0002800 - 0.00031500 sell zone 0.00036000 - 0.00038500 0.00039000 - 0.00041000 0.00042000 - 0.00045000 stop loss 0.00026000 2weeks holding
Watching the number of shorts growing in the market we are shifting to anticipate a final flush and V shaped climax some time in the next few days. I will be watching ETHBTC and LTCBTC to see who is more oversold when the time comes. Watching for BTC as the guide and leader, and the potential for a $6k climax flush will be something I keep an eye on. Still...
We are getting to a point in the shorts charts that we can say we are likely to see a big flush and V shaped recovery signal a temporary bottom. Next time I find myself saying "This is Brutal" I will be looking to scale in. I will play LTC or ETH if their pairing chart to BTC is oversold on the 4 hour time frame. Continued patience until then as it could be any...
Ripple is stranded within its 4H Support and Resistance levels (0.53866 - 0.70894) and given the High Volatility on 4H (ATR = 0.0231), a multi session consolidation is expected. This will create a Rectangle pattern on neutral RSI, Highs/Lows and we will scalp it for the next 15 days. Keep in mind that the underlying long- term trend is still bearish on both 1D...
TP1 = 487.07 (April 14 support) hit although the price diverged some from the Lower High limits on the 1D Channel Down (RSI = 32.885, Highs/Lows = -63.6106). As expected a new 4H Channel Down has been created (Highs/Lows = -17.6836, RSI = 28.923, MACD = -23.070) that aggressively hit the target and 1st support (487.07). As you see by the blue dotted line (soft...
The price has just tested the upper layer of the 6,000 - 6,432.4 1W support zone for the first time since April 01, technically completing this bearish leg of the Triangle pattern (RSI = 43.291, MACD = -127.000). We are still assuming no (short) action until either 6,000 breaks or the 0.618 Fibonacci retracement levels (8,327.90 - 8,719.20) are tested. Based on...
All blue boxes in chart consist of two consecuitive Williams Fractal lows with fractal highs either side (had the last box been pink then I would have used just the pink boxes in my charts for this study). Took the "ultimate oscillator" and boxed in areas where there was price divergence with the oscillator. It looks like Bitcoin needs to head below 32.7 on the...
Our friend Bitcoin is still so uncertain as to where it wants to go in the market. When we think were about to see another break, the bears come back and shut it down. I am sure many people are getting disheartened with crypto lately but this is a new market that is growing and not going anywhere, so this could be a time to not be in the market. Not having a...
My two hour Bollinger Stoch RSI over sold. If price touches lower Bollinger (20, close,3) with Stoch RSI oversold it not good news Y/N Also bandwidth very narrow some of the best breaks happen when narrow. Confirmed touched lower Bollinger . Could turn around but then again Stoch RSI was over sold. NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN REEARCH.