We are now at strong support, IF we do not break below this 14 level, we could see huge rally in that 40 zone
We couldn't break 300 and the reason is clear. Volume is low af. If that was leg one of a new wave it was hella weak. Where are all the buyers at? Waiting or shorting. The Eye of Sauron looks down upon us and forces us into the nether worlds of the 200 zone. When we reach that level buyers will rush like mad at those prices. then we get exhausted, but people...
We are now at strong support , if we do not break below this 14 level , we could see huge rally in that 40 zone
We recently broke a major pennant (triangle). However, that break occurred in a nasty zone. Will we break up or down? I have a strong belief that the former downtrend line from the 36 high will act as firm support in any downward move, whereas the current demand line is weak at best and will likely provide little resistance in a breakout. That being said, I...
I see BTCD has been accumulated for more than 5 months. Time to breakout and reach prices over 0.01
Following the EW theory...this might be the 4th wave up.
Updating my previous ETHXBT chart, we seem to be retracing the recent decline. Now, this could be an uptrend continuation setup, or simply a detour before more downside. Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do). Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup...
This could be the 4th wave down or the first part of the an impulsive wave up to make a double zigzag or the bullish rally continuation.
On February 7 we started to break indecision which lasted from the end of January. Now its finally confirmed that Bitcoin price will rise, at least for some time from now. RSI is still low around 60 on higher timeframes above H4. Uptrend is confirmed by quick breaking resistance levels which are subsequently confirmed from the upper side and price climbs by this...
Hello guys whats up? Another analysis is here for you. Look at that nice green and red candles making new lows day by day. They are so strong and sharp. When does it end? Next week or a week after? When comes that day when we fall at the very bottom and price turns north? Desperate time desperate measures. Despite we all love that shiny Bitcoin we must sell it....
My analysis of this pair suggests that Ethereum is about to break from a huge triangle present in the daily chart. The volume information tells us that the fair value price has shifted up and down 5 times already, in smaller and smaller swings, time and price wise. This is typical triangle behavior. The safest way to trade it is via a breakout, but I think it will...
XMR is in an interesting juncture right now. We have low volume profile support below at 0.001355, but the weekly signals are of a strong downtrend aiming for 0.000913 as first target, and 0.0007 as second one, by January 25, 2016 or earlier. As long as price doesn't move above 0.001978, then this forecast is viable, and also validated by rgmov, which is in a 44...
Ethereum seems to have picked up on activity after being really illiquid for the past week. We have a clear mode at 0.0051, and an interesting volume and range expansion out of it. If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again. I'm rebalancing my portfolio,...
I'm not buying more, but I'm not selling either. It seems that btcusd is bottoming around here, as shown by the price chart. We can observe falling volume in the selloff, and more than 5 days without new lows. It's a complex chart, and conventional analysis methods won't work well with it. The trend is mostly formed by the current mining production, the markets...
I wouldn't know about the fundamentals, but what I do know is that the Ethereum market is trading with very high volume, and that the ETHBTC chart looks really bullish. Sadly I can't publish my chart here, since Tradingview doesn't include Poloniex in the list of Bitcoin exchanges it offers. After they introduced margin trading and lending, they became hugely...