Major resistance met after a straight shot up. A pullback to retest the log line for the first time and inverse head n shoulders would be healthy. Still, BTC remains climbing and could keep pressing higher, though a Leaning Tower of Pisa might not recover as well compared to the scenario above once it finally gets it first true correction. Either way, it's always...
BTC has reached the top of the Bollinger Bands on the 1D, and is due for a correction and a probable bounce near the 14-Day EMA. This EMA has come in as resistance multiple times on BTC's recent big move down, so it will likely come in as support along with prior price structure support.
For a more detailed current analysis to include fib and elliot wave...
This is a 1D chart analysis; for further detailed analysis on this prediction see the 4h analysis I just posted using the Bitmex (XBT) chart.
BTC has had a phenomenal bullish wave upward. Now there is a good chance BTC will pull back on a healthy correction to test prior price structure support and the long-term uptrend support line shown here before making...
BTC Forecast on the Four Hour:
Bulls have defended against a short-term head & shoulders (on smaller timeframes), though momentum is slowing and a bear flag forming here on the 4h.
We can expect a correction down to test prior price structure support around 7490 before continuing upward to attempt further bullish elliott waves. Two sets of fibs are drawn on the...
Taking fibs from the full price action (wick to wick) of its last major dump, EOS is now wicking down directly off the 618.
Unless BTC shows more bullish strength on smaller timeframes, which is currently waning, EOS will have a hard time clearing the 618 and running for the 786 and the prior price resistance up there.
The best offense being a good defense,...
ONT is on its 5th elliott wave and due for a steeper correction soon.
Taking fibs from the initial pump (the black fibs), ONT has hit common targets so far:
First the 261.8 and then the 500 extension, each receiving a decent pullback.
Now a safe exit would be the 700 extension very soon, verified with the second set of yellow fibs where traders will be looking to...
Looks like the bulls managed to skate by the bouncers at the 2017Q2 lower support trendline. Then the market rallied at the news of Goldman-backed startup Circle buying Poloniex . To my horror, I watched my shorts die a terrible death as the stampede of bulls rushed the market north $500USD in less than 30 minutes!
The BTC Yazuka didn't just open the doors,...
Amazon.com shares are just overvalued and overbought at this moment. After the crash it will gain momentum again. Amazon continuing to go down tomorrow, will rise slightly in the next trading session, but will fall to 1200 by Tue. Continue to check VIX and Nasdaq Composite, there are better stocks out there.
Amazon continues to dip, and stock market corrections continue to dip, VIX is back up and AMZN is not taking a good reaction.
AMZN Long term >1m NEWS:
www.bloomberg.com
www.bloomberg.com
I do see it going up right after the market selloff, so watch out for that either tomorrow (FRI, FEB 9) or next week.
