Looking at the channel and pricea action it can still go both ways in my opinion. Please share your thoughts. Monero xmr btc
2h time frame shows that BRK.B formed flag. After possible bull trap near 190 price can reach support near 188 and then may grow higher again
Perhaps short recovering but long term falling prices till segwit 2 of BTC. Big chance for higher prices after segwit 2. Watch volume and macd!
The move to $4k invalidated some key requirements of Elliott Wave Theory in regards to subwave numbering of the ABC corrective wave. Therefore, we need to re-analyze and re-number waves. There are two possibilities here. The first is that the ABC corrective wave has completed and that we are in the early stages of a bull trend. The second is that the ABC...
Its been a great run - but what goes up - must inevitably go down. I've told everyone that listens to buy Ripple - as this holds the key for profitability for all of the cryptoverse. If we break this last key fib level - look out below.
What goes up, Must come down. Ripple holds the key. If this key fib level is broken, the flood gates will open and red will flow. Hope it doesn't or else it will be a long painful ride down for everyone, except for the banks whom quietly exited back in June... of course.
Easy break through zone for silver where cloud made a thin area to break, Caution though, simple breaks like these do not provide strong data on whether to continue long or short. CTF bouncing on lowest level and testing its strength against trend lines be ready for anything. --------------------------------------------- CTF - SILVER -No Trade action until...
I see bitcoin dropping to around 2k and possibly lower, saw a good setup so I thought I would share with you guys. This is in a bull trap right now and needs to test support it also has a very good risk to reward for shorting. If you own bitcoin it might be smart to take some profits and cash into something else (altcoins - fiat ) . another good buy opportunity...
Bitcoin likes to bounce back up to its 23% fib retrace quite often during large dumps, so we could see something like this happen before heading back down Or we could see a correction from this level further down toward the 76%, then climb back up and build support
Initial Move Away does not meet 5:1+ rule, but given the bull trap set up and the fact that price did move a good distance away from this area makes this a high probability set-up.
Just my thoughts and ideas ... on what could happen
GBPUSD (1h) Wait to sell resistance and channel highs. Price is now at the inner channel high, 50% retracement, close to 127 fib inversion and has just broken a previous swing high. Look for false upward breakout for shorting opportunities and a test of the outer down channel line. Wait for price action to confirm the reversal.
GBPUSD Price structure analysis (1H)
EURUSD Price structure analysis (1H)
www.tradingview.com I have the idea that we are at the beginning of a correction and that sooner more than later, this bovine feces will hit the fan. Bull trap...