Hello all and happy Monday! I hope you all are doing well! Leave a like and comment! ETH has formed the same downward channel and has fallen to the exact 0.886 fib level as BTC with the same long lower shadow small body candle in development on the 4H. The support came from the Gold support/resistance zone, the down sloping channel as well as the fib level....
Hello All! Let us have a look at the 4H Heiken-Ashi chart! This is an average based candle that shows us the up and down trends with a little less noise. We have come to the bottom of a down channel with two doji candles printing after falling from the triangle. Although we did not see the $70 low, we did see a drop towards the support line of an up trend that...
Hello all! Finally! We got a break out of this tight consolidation pattern! In the last post I mentioned the potential of the 0.618 being the support level that allows for the reversal, and in an update, that the 0.786 should be watched for a potential final entry. We were waiting for the signals hinting to us when this shift might come. On the 1H chart we were...
Hello All! XRP has broken below this falling triangle and has followed a consolidation. We should expect a move to the downside to complete the larger pattern target. The immediate and intermediate zones are marked by circles with the potential support and reversal area marked with the triangle. It would be ideal to watch for negative momentum to slow down and...
Hello all! As we simplify this price development, we see a near perfect down channel leading to the 0.618 level. We are potentially showing a bullish divergence on the 1H chart with the MACD. The 15 minute chart is resembling a bear flag so it is possible for more downward movement into this marked zone before the move up. $9,888 is the current price level that...
Hello all! This is a very similar structure to what happened with BTC's price action the other day. Will we see the same thing play out ?
XRP is at a major decision point! We are out of the descending gold channel but are potentially forming a bearish pattern that could result in a 100% retrace of the entire recent move! The double bottom was not confirmed as a result of the failure to break $0.30. Watch this triangle formation for a break to the downside! Upside potential is at the top of this...
Good morning all! BTC's supposed bull flag has broken down quite a few times now but has still been respecting this descending structure. We seem to have made It down to an extended area of this larger scale rising gold channel which is now being back tested as resistance. I have mapped out the possible plays that could unfold over the next few days here. As BTC...
Hello all! If you have been following on XRP, in an update on the the last post I placed a snapshot of the candle formation of the potential double bottom area. The triangle might have failed or just played out differently than expected. None the less, the range was being watched for support. We are now breaking the descending channel with the next target at $0.35!
Hello all and happy Friday/Saturday! This is my current projection of BTC's next move! If price decided to break support and flip then we will be seeing the lows discussed in the earlier post.
Good Morning All and Welcome! Leave a like and comment! Follow me if you enjoy these updates! The rise in price yesterday has left us with a down sloping consolidation leading to an important level. The price has not gone below the previous high of $10,120 and is being held up at the moment by the support of the rising purple channel. Price is now back testing...
Good morning all! If we simplify our charts we can visualize the down sloping channel that has formed after reaching the $0.325 top. Price has been grinding along the upper line like BTC was doing right before it quickly dropped to $9,500. We are on top of support but underneath the rising white channel. Price is stuck in-between two important areas and should be...
Good morning all! lower high and higher low for LTC. Negative momentum is either running out or resetting. Watch for potential trend shift with this! Upper target it $84-$85. A rejection would re test the previous low near $73.
Hello all! Thank you for checking out my post! Leave a comment bellow! I decided to show the BTC chart without the noisy price action. When we just focus on the short, intermediate and long term moving averages, it becomes quite clear as to where the expected buy and sell pressure will be waiting. The colored numbers represent these exponential moving averages'...
ETH has been trading in a rising channel, currently printing a beautiful looking bull flag. The target of the pattern is $240. Waiting for the base of the flag or a break of resistance and a flip as support.
This analysis is more of a breakdown of the price action and how it unfolds. I also show here the importance of waiting for signals and all the ingredients that make for a strong case when proposing an entry. Remember that trading assets is not about being right about the setup, but to find an edge that allows you to play the odds in your favor, and to make profit...
Hello All and welcome! Leave a like and comment! Follow me if you enjoy these updates! Please reference my last 2 posts on BTC before reading this one! BTC never went back under the 0.786 level from the previous analysis. We waited for a better entry level down at the $9,500 level but never got it. Throughout the day we had a consolidation pattern that...
Good morning all! Leave a like and comment! Last night we saw XRP give us a local top point as we feared might happen, and a deep correction took place taking out 2 previous highs. We need to hold this level here if price is to follow through to the upside. It was contemplated that a descending channel could be forming after the move to the upside - bullish...