Buy below the lines, sell above. Resistance will become future support and vice versa. In order to have 2 or more consecutive trades on the same line there has to be a pullback of about the same size as the initial dip. Trade smart & make some money!
A daily and 4hr chart analysis. Daily - Bearish day after a bullish rally. Huge historical resistance hit. Possible retrace to 9-10k. Major support at 10k but a retest of 150 EMA, 9500-9700, likely. 4hr - If the Moving averages cross (Red and Green) expect trend reversal confirmation from 90% of analysts, including myself. My only concern at this point is...
BTCUSD Forecast - cryptocurrencies Bitcoin / Dollar continuation Enjoy!
Fibonacci Retracement probable level is that of 50%, price drop to EMA 200, and as has been known Bitcoin retraces 40% its price so it would drop to near 11,000
Hi Seildev here, We have seen bitcoins prices pulling back from highs of 16642 usd to currently 13749 usd. This is a very healthy pullback as we have seen a parabolic movement upwards in the early part of Dececember. Few things that we have learnt, that when RSI hits around 86~88, we can expect a pullback. I have spotted 3 circles in green pointing to areas...
Hi Seildev here Just a quick update on BTCUSD, we have surpassed 61.8% fib overnight. We have identified a rising wedge and our next test is around 7443. As long as we don't pass and close full body candle on daily we are at bearish sentiment. We have just seen on 1 hour, RSI divergence sloping down. If we see a rebound @ 7183 we can see another bullish leg to...
Hi Seildev here, Today we're focusing back on BTCUSD. From our all time high double top on the 6th and 9th of November we have seen the market drop by almost 2000 points in a space of 4 days. Although we have recovered we are now at a crucial zone of 61.8 % fib which also coincides with psychological number of 7000 dollars. If we are to surpass and daily...
Hi Seildev here, My previous post predicted that we will reach our target 2 @ 7831.59 and we have this morning (or evening in your region). We now plan to see what is the next move and see if there are any opportunities that are lying around. Here are some facts to consider: - In 4 hr timeframe we can see our long wick candle surpass the previous all time...
Hi Seildev here Our recent bull run of Bitcoins is nothing short (sic) of amazing. Many authors on trading view have taken the stance of shorting this bull run in which my opinion is to never guess or place a cap on when the bull run is going to end unless you have confirmation that the bull run has finished. None of the indicators or signals give a 100%...
Can BTC stay around 5000 USD or will go to elliot wave?
Our preference: possible rebound with 2750,87 as objective. Alternative scenario: the depression of 2477.93, will trigger a return on 2378.49 then 2319.29. Comment: The RSI is under 50. The MACD is greater than its signal line and negative. The configuration is mixed. In addition, prices are under their moving averages 20 and 50, currently at 2565.81 and 2582.59.
You see I circled areas the RSI (Green line) bounced off and signalled bull trend continuation off of level 50, & price upon Supertrend line (green price line support) (June 1-4, 2017) I believe price movement is currently most like that of June 1st. Price will continue to rise as Traders Dynamic Index signals continuation on my chart only, because the indicator...