Some thoughts on how BTC/USD will move for the next 12hrs. It seems that a ABCD pattern is forming. So far every single Fibonacci timezone played nicely so the trend should continue until fib 21 and from there either up to $6000-$6100 or another small correction (E?) which normally follows after ABCD pattern.
is it? i mean that's it? of course it looks like a bull flag but shouldn't we at least touch the historical support after this deep bear hole? so breaking out of a wedge did the trick? honestly, i don't know. this looks too easy and too good to be true. i think the big difference is we are way overbought this time. :) but who knows? maybe the Santa is real!
In technical view : if BCC could possibly break the Turquoise blue line, first three targets (TP1 TP2 TP3) are available. Love you all <3
After the ETF denial there has been continued FUD, fear selling, and about 30~ billion has retreated from the market overall. Currently, the price broke it's 8k, and 7.5k support, and it's next level of support lies at the 7k-7.2k level. Stochastic RSI - This is the lowest level the stoch RSI has seen since 5/28~ which means we are very heavily oversold at...
Fibo time zones are showing possibility for a new uptrend. Is possibility to have new uptrend channel with movement to some targets around fibo retracements which first is 6800. I think, uptrend will be in next 2 months, and final targets can be 7400 and 7800 based on fibo retracement and main resistance trend line.
Waiting for the next short. Judging by narrowing between open and close of time zones, reversal will occur in this cycle. AKA Bullish
Testing Fib Time Tool. Expecting a retrace until 0.38 fib.time.tool is reached
So you want to take even more risk ? Just found something for you ! For those new on my trades this is a trade with a risk reward, using also a trailing/moving stop and I usually don't put ratios because I think this is something individual to each trade profile. But you need to use stop because it is a very risk trade so one can risk to loose for example 2% to...
Resting on 0.5 or breaking through? The downhilling rubber band man seems lost the momentum.
The ascending speed resistance fan line along with the Fibonacci arc intersect with the 23.60% Fibonacci retracement line, and $btc made a nice pullback if you can see the wick under all the stupid lines I put on the chart. It is possible that the falling wedge is going to break out soon, since the OBV Shadow indicator along with volume show huge sell volume...
I've noticed that the current downtrend of $BTC can be either two things: a downtrending channel or a falling wedge. I obviously prefer the latter, but I cannot chart a falling wedge that I like. All the tools used are based on the Fibonacci Sequence, sans the Ganns fans. I usually use indicators such as overlaid indicators and RSI/OBV, but I felt like all...
I went fully Fibonacci on SUB. Using the time zone, retracement, extension and arc/circle tool. Any thoughts on the target zone?
Huge swings for Dash, in the end I think it will all be good.
I would say the price is good for TRX on the long run, expect action after the first dotted red line is crossed. Set stops according to vertical fib levels.
I was charting this two days ago and did not follow my own advice, but here we go. We are either on our 3rd wave up before the final 5th wave, or this could be the 5th wave entirely. The pump we are having now is based on news so we will see if it hold. Buy the dips over the next few days for some quick profit. Safer move is to see if we retrace, I see next big...
Head and shoulders pattern forming most definitively on 1D charts with Litecoin. ~$54.50 seems to be a level which coincides with the Fibonacci levels, making it extremely conspicuous. The Kovach OBV indicates long term positive momentum, whereas the Kovach Chande indicator has turned negative confirming a pullback is near. The Fibonacci time zones indicate the...
While lot of great fundamental news came up for PIVX, the technicals suggest more sideways movement. The bearish sentiment of BTC also strengthens my impression of this scenario.