The Market is showing bullish momentum ever since The Price bounced from MA100 level and moved upwards from there. At the moment The Price is retesting Major Downtrend Line second time and if it manages to break upwards from here, then it would give us confirmation that the current trend will continue. Currently 1,000.00 is acting as psychological level and the...
I'm expecting a last upward leg to 4hr MA100 will act as a resistance. Retracement to .618 fib level before breaking the upper wedge
Like I have mentioned in my twitter that why 2018 will be all about privacy coins and why people are going to focus on them more. Safe Haven from the Regulations, People want hide their assets for personal reasons and many other things! Also it is expensive to hide your bitcoins and mix them with different wallets. Privacy is what people are wanting in almost...
According to the fibonacci retracement points that everyone seems to be following, we rolled over the 61.80 ($8550) mark pretty hard the last couple days. Even though some people are claiming that the RSI is low, it's time to buy back. I would wait and see what happens to the next support line at $5500. I believe it will get there in the next week or so based on...
1h Chart is showing Bullish Divergence which is supporting the upward movement. The price bounced from the strong support zone and consolidating above the support level of 924. If price rejects resistance level 1075, it does not necessarily mean that the price is going to move further down. Instead it is good to search for a new trading opportunity from this ideal...
Hey traders! Histogram is showing positive divergence + MACD in 4h. The price is hovering close by MA100 line and it bounced off from the top level of the box. It is necessary to move above these downtrend lines before moving further upwards. MA50 has acted as resistance level (if you look in to 4h chart you see it) and once it breaches above it, it is good...
Update on ETH/USD: In the chart you can see two patterns. First one is The Ascending Triangle which is continuation pattern. Which forms usually during an uptrend. This pattern is giving a great opportunity to open long term trades. Second one is The Rising Wedge which is reversal pattern. It forms usually during an Uptrend but breaks downwards. Second pattern...
An H&S pattern has formed on the daily ( here 12H ) chart and the move has continued below the neckline. This could mean a trend reversal to a down-trend from the previous crazy up-trend, but things can change very quickly in Cryptomarket! What you think?!
BTCUSD 7.50% Update: Analysis for today is based on fibonacci levels. This is based on previous calculations as seen on the chart. The chart explains itself pretty well. Price patterns can be repetitive and constant. You start seeing them constantly especially if you have been trading enough of time. Similarities that are displayed in this chart are rather...