Weekly Looking at our trend timeframe we see price has been rejected by major resistance, and has been respecting it’s downtrend since. Support @ 200 satoshis on the weekly, stochastic rsi showing momentum is bearish. Daily Shifting over to our pattern timeframe we see price forming lower highs and lower lows, no signs of slowing down on the daily. Momentum...
Weekly Looking at our highest timeframe we price has hit major resistance @ 500 satoshis. Price showing no signs of slowing down, stochastic RSI showing momentum is bearsish as well. Expecting price to drop towards 300 satoshis. Daily Shifting over to our pattern timeframe we see price has formed a triple top just below major resistance @ 500 satoshis....
The 20-period moving average (MA) has crossed over the 9-period moving average 4x times according to daily price chart between last December (2017) and now. Each of the 4x times, price historically followed with a decline by over 20% - one such instance (the 3rd crossing) by over 62%. Based on the daily chart, the 20-period MA will be approaching the 9-period MA...
#Ethereum $ETH at very important support levels. It should bounce off @ 678 and then we ll target first 820 and then 970. In 4h charts its bound to bounce off at ~678 levels and overall has formed an inverted head/shoulder pattern which could eventually take us above 1400.
EOS is one of today’s leaders as it added nearly seven percent for the past 24 hours. The currency pair started from the support area at $11.98 and went sharply upwards, breaking through the resistance and the Ichimoku cloud. However, after a strong local upside tendency, EOS/USD seems to have a pretty deep correction. The currency pair is testing the higher...
LTC is currently trading within a channel on the hourly that is hard to feel good about as a bull. I am still patient and waiting for a trade to come to me and it is not happening here. I will be looking for a BTC flush of $8k or a clear break of resistance before looking for a trade. This is a good time to establish a game plan for both scenarios of direction,...
ETH has been holding up much better than BTC consistently, but is still tied to the same trading action. There was a point last night where I said if BTC chart looked like ETH I would be much more bullish the space right now. The daily chart is looking to form a higher low, and the 4 hour chart was the first to hit a higher lo and higher high. ETHBTC chart is...
BTC on the 4 hour visual looks like a bear flag as we had a bull break o resistance and completely turned around bearish right after. Still not liking the trading within this range... so we wait and do not trade until conditions get more favorable. Sitting on our hands can be hard, but this is a great time to invest time into learning more. People say "If I...
Daily Looking at our highest timeframe we see price has attempted to pierce $8,500, however failed and has since retracted towards the downside since. Expecting price to fill wick and fall towards $7,700 sometime this morning or later this week. Stochastic RSI showing momentum is bearish, with no signs of bulls. 4Hour Shifting over to our pattern timeframe...
\u2028Daily Looking at our highest timeframe we see price respecting our uptrend. Stochastic RSI showing momentum heading towards upside, possible double bottomed formed above our 700 satoshis support zone. A daily close above 850 satoshis activates our trade. 4Hour Shifting over to our pattern timeframe we get a better look at our double bottomed formed....
Daily Looking at our trend timeframe we see price has formed a lower high just below $9,000. Stochastic RSI showing momentum has remained bearish, expecting price to fall towards $7,700. A break below this level and it will be scary for all of us. 4Hour Shifting over to our pattern timeframe we support has been found $8,150 a 4hour close above $8,400 ad...
LTC had more space before breaking support than BTC due to a stronger bounce as highlighted in the video yesterday. We are now watching if BTC can change the trend on the 4 hour chart to put the bulls back in control, which would have the daily charts for ETH and LTC looking much better than BTC. Still patient at this point, but establishing a game plan for two...
As described in the video yesterday, BTC could drop to a lower low on the daily while ETH can hold much longer due to the size of the initial bounce. This daily chart is still looking good for the bulls to remain in control, but we must be cautious if BTC breaks $8k support. BTC changing the 4 hour trend back to the bulls would have ETH in a very bullish...
BTC saw a very weak and slow hourly oversold bounce start last night and get a boost up this morning on a big 5 min candle. Zoom out to the 4 hour chart for Anti-FOMO as it is very clear we are setting a lower high after coming off a new low. Still patient and watching for a potential break of $8k support to trigger some stops. We will need a 4 hour higher low...
TA is about probability, and for now, this is what I see. For me, this is the opportunity for a LONG. We are near the Daily uptrend line, that is also together with the WEEKLY uptrend line, so we have 5X more chances to go up instead of remaining bearish . We have these two buyzones. 1 : 8200-8400 USD 2: 7500-7800 USD. Target is near 12500-13000 USD....
Pretty simple really. Although I have no clue what I'm doing. No indicators, no analysis, no magic....just common sense. Wall Street- "Lets open futures on BTC" Other Wall Street-"Yeah, lets buy some first and then announce that we'll do that" WS-"GENIUS!" Announcement- "Bitcoin Being Adopted By Legitimate Trading Exchanges", "Futures Will Come to BTC", "Cash...
Bids set 8405 Stop 8245 Target 9150 Reasons for buying 4 hour green buy zone and potential diagonal support just under, also big buy walls in that zone of course they can be moved but still Waiting for a break of the red downtrend line could also be reasonable saying BTC could also break down from here , a equilibrium pattern for the next few days with tight...
This is an update on a previous analysis I did for VENBTC (link underneath this post) but now with Elliot Wave count as well. Analyses - After a big correction where we've retraced back to the significant .618 retracement level of around 32500 sats. - The retracement finished the ABC correctional wave and is the start of a nice run-up and a new impulse wave...