Bitcoin (BTCUSD - Bitfinex) has completed WXY instead of ABC mentioned in earlier updates. The choppy WXY correction having ABC in Y wave was over yesterday as three wave movement and a sharp rally thereafter indicates the change of direction. It is about to over A five wave up move from last bottom with one more minor high in 3 min time frame, thereafter B wave...
ETH met resistance at 254 and dumped together with BTC. Still within an uptrend, but possible retracement to ~215 support. That would be first entry for long. Next at ~205 and if drop lower, deepest support at ~175. I'm bullish for BTC/ETH this year, so question is from how deep it will be possible to enter new bullish race.
Ethereum broke out triangle at day timeframe. Bull flag. Also it has double bottom at day timeframe. Two scenarios I see from here. 1) Either 245 support hold the price and ETH pump from current bull flag up to 265 - 275. 2) Or it falls back to 230 - 221. In both cases bullish. I prefer to wait for retracement. 🎯 Resistance 253 - 256 - 260 - 265 - 275 🛒...
Bitcoin haven't yet lost the trend, but its doing same dip as it did several times before, and as we know, the more times SR/trendline is tested, the weaker it becomes. So I turn bearish and recommend accumulation of short position by ladders from 9500 / 9640 / 9740 (if you haven't used wick to 10k zone, which was a perfect short entry). Targets 8900 / 8666 /...
📉 Daily Bitcoin chart review 📈 Bitcoin broke out 9700 resistance and pumped to 10444. Today cool down. Next move either down to 9700-9800, or second leg up from bull flag. Nearest strong resistance at 10750. Next will be at 11555 and 12340. Resistance: 10444 - 10555 - 10777 - 11555 Support: 9970 - 9750 - 9444 - 9222 😱 Fear & Greed index: 56 (<= 50...
BTC landed on important support. Today we may expect it to bounce back to previously broken SR at ~9200-9300. What happens next depends on how bullish will be that bounce and retracement after it. Looking at bigger picture in case of bearish scenario Bitcoin may easily fall to 8500-8600 and in one more week to 7700 (if 8k won't hold the dump). But if current...
If you followed my last review, which I posted on May 6th and kept on filling with new forecasts till yesterday, you could have made a fortune =) Predicted bottom almost 100% precise. Now that the bottom is formed, time to consolidate and grow. And today I saw news, saying VISA filed an application to create digital currencies with the United States Patent...
I guess we all want to know when CZ will stop dumping his coin, buy enough and finally let it grow. Assuming that Binance suppose to be such a good exchange, maybe even one of the best exchanges in the world, the only reason for BNB to perform that bad is because owner want to accumulate it back (which is an old but proven fact - CZ dreams of buying back as...
Last post targets reached =) Now BNB is under 15.7 SR zone, which makes it possible to form head and shoulders bearish pattern followed by dump to 14.28 / 13.70 support. Pivot at ~15.5. Arrows show possible direction - doesn't have to fit exactly the way it is drawn. 🛒 Support: 15.47 / 15.0 /14.3 / 13.7 🎯 Resistance: 15.7 / 16.0 / 16.5 / 16.9
Ethereum didn't hold neither above 255 nor 250, although it stayed above that support zone for another 6 days. Drop below 250 caused sharp bearish move and started the fall. As it goes, price can all to green support zones within several days. Watch for these zones as they may bring a good bounce. Support at 22525 might bounce if BTC will start retracement now...
Starting a new TradingView "page" as previous bullish move has temporary ended. Won't call it "SHORT", as I'm really bullish for BTC and this is only a short term retracement that will be followed by dip buys and another bull stage. Now Bitcoin came back to next strongest support zone at 9600 and last 4H candle touched EMA21. That was our first short target ✅...
Hope all of you are well and staying safe! Don't forget to social distance! 🧍🏽♂️--(6ft)--🧍🏽♀️ Looking at the chart, my last analysis was short. But looking at the 1 day chart again with a fresh cup of joe, I am long. There is a Downward-Channel ZRX has been in for some time. This channel has replicated a head-shoulders pattern consecutively. Are we seeing...
XTZ seem like will be pulling back a little to test 2900-2850 support. But in general look bullish. One of most interesting charts among big cap alts, together with BNB. Therefore this pullback should be considered as a chance to buy more. The following SR zones are good for buy/sell targets. Support: 2900 - 2850 - 2770 - 2656 - 2570 Resistance: 3070 -...
Bitcoin overperformed my bullish targets and pumped to 7800. Showing week chart to understand what's going on. First resistance zone left after November/December 2019 is the one that stopped the pump now. Next will be zone between 8000 and 8200 (roughly). Can be hit within this week. But since any major BTC move requires decent amount of liquidations, I believe...
XTZ followed the market pump and broke out 2.15 resistance. Target for this move is resistance zone at 2.47 - 2.55$. Although there is a chance it will pullback to re-test broken resistance, before going higher. This would give a chance for safe long entry. Support: 2.18 / 2.10 / 2.00 Resistance: 2.47 / 2.55 / 2.73 Week chart look bullish.
Bull flag forecasted on April 17th made its work ✅ Now possible another one. While ETH stay above 255 it is very bullish. But fall to 250 also won't kill its bullishness too much. 🎯 Resistance 26000 - 26500 - 27500 - 28500 🛒 Support 25500 25000 - 24550 - 24200 - 23600 Keep in mind that at big timeframe ETH is still within consolidation stage. But look...
After making new HH at 189.54$, Ethereum started retracement stage. If everything will happen as before, after two impulse moves up and forming top with lower high, there should be a pullback to 0.5 Fibonacci level - equal to 169$ at the chart. Possible dip lower to 0.382 Fib level at 164$ - that would be an amazing long position entry. Short zones at 180, 182$...
Ethereum could be forming a new bull flag here. So far early to confirm it, but this scenario look very promising. Safe buy zone starts around 235. Resistance 24750 - 25000 - 25350 - 26000 Support 23500 - 23300 - 23000 Previous forecast worked out and ended by ETH breakout of 218 resistance.