Analysis wise - we are sitting right on the fence between upward and downward motion. I have slightly re-evaluated my inverted head and shoulders chart that I've posted a lot about recently, with the shoulders in a slightly different place, but the travel of the market from here and head target have remained the same. Remember I was pretty clear about needing...
Bitcoin is seeing major resistance at 8506 (Fibonacci retracement, Fibonacci extension, small horizontal overlap resistance, price action, descending resistance and bearish ichimoku cloud). This all points to further downside potential on Bitcoin. If price drops from here, it could potentially drop to major support at 8122 (Fibonacci extension, horizontal swing...
Longs playing out from WK demand I have been pointing out for a long time. I am long from WK demand on BTCUSD and other crypto's, looking like we could be seeing price reacting to the longer term MN and WK trend. Long bias for sure, no shorts. Happy Friday all, have a great weekend!
The last one didn't seem to have an effect!!! So if this close's before the drop down on the shoulder, We will supposedly start the trend up instread?? Does the daily timeframe run on Washington US?
Tenkan turning down for bearish cross above cloud (weak bear), cloud entry signals cloud clean end to end move. From fib perspective from that point we should head lower. Targets and trade marked in chart, trying to enter above 9600.
Well looks like ADA is moving on down a bit. Let me know of you thoughts
As long as bitcoin remain consolidated I expect XRP to continue the move it had not too long ago. With a likely push to mid 15,000 satoshis once again. If bitcoin remains bullish and continues its break out, ripple gives a nice short play vs the BTC pair, with it likely heading to test the lower support once more. Trend : Consolidation/Retrace Play : Based on...
ETHUSD testing resistance to start down trend, possibly test at 760 support zone to continue downtrend
Highlighted in the youtube video last night, the bear break of the hourly equilibrium is flushing the big 3 and alts. We are entering hourly oversold conditions which have resulted in solid bounces over the last week. Cautious to not catch a falling knife, as BTC is clearly weaker than ETH and LTC this morning. Daily chart is on the third day of consolidation,...