There is CAD news in the morning of the NY session which should move price in either direction High possiblity that price coud move sideways until news comes out Bullish trade can move up to previous resistance and 100 sma Bearish trade can move to bottom of range
In front of you are 2 possible ways, how the next 2 to 3 motnths could play out. If we manage to break 9k again in the coming days i see following 2 scenarios that are likely to happen (based on past years of btc, 2013, 2014): scenario A: we manage to break 9k again and hold it. This would be needed to build a new RSI floor level at 42-43 and gain strength to...
This may be my very first chart analysic so far, chaotic and wild, but might give a rough idea of what I think can happen. Price swings in a area supported on 17.16 and limited on 19.50. Two sub-areas can be identified such as the Cyan's and Yellow's where price, on a 20D period, goes sideways.
BTCUSD is still goofing around the upper borderline (red dashed line) of the down channel. It is also near Pivot point (9267) and we expect another day of sideways movement.
Yesterday, the expected start of the major down move did not happen. It seems that BTCUSD will test the resistance at 10128 once again.
We have to remember, that there are three directions in a technical chart analysis: bullish, bearish and sideways. To get the big picture, I analyze the monthly chart of Bitcoin today. We realize that on the monthly chart, the down channel is not yet broken. Furthermore, the last three months closes are approximately in the middle (blue square) of the high and...
Good Morning. BTCUSD is still in a sideways channel. There is not much momentum in either direction. Pivot Point is at 11366, right in the middle of the sideways channel.
This is a different approach to previously charted analyses of XVG to BTC pairs. However, based on past pattern movement, I suspect that in the near future we will see a mini pump, this may be of a larger degree wave B, WHICH MEANS we will be seeking a lower low for C, if that is the case. But I think that before we can see new ATH relative to BTC than we will...
In this 40-day ICX/BTC chart, the most important thing to consider right now is (2). If this orange dotted line is broken with enough aggressiveness, it will be very hard to obtain a bullish breakout any time soon. The (3) Long Term Bullish Support has already been broken and much momentum will be needed to break past that point again and go on upwards towards the...
Ripple is sideways already for a long time and it follows our count (triangle into wave B) perfectly. For now it looks very clear. Even if it lost 50% since August 23, decline is still in three waves. So Ripple bounced from our pojected wave C support and we expect now three waves up into wave D back to 61,8% fibonacci retracement and 0.24-0.25...
The EURJPY has been in consolidation over the past few months and is currently trading at a level resting between previous structure lows & previous structure highs. Because we are not in a confirmed trend, I have no reason to set myself for a buying or selling opportunity at this level. The levels that I do have on my radar are the highs and lows of our structure...