The +div and the 9 Buy Setup are looking optimistic, but weekly is still very bearish. I still think we're gonna go below $5,000, but we'll have to find out as time goes on.
For the +divergence to confirm on 2 hour, price needs to hold $10,476.28. And on 4 hour, price needs to hold $10,510.92 for +div to confirm.
Based off technical analysis, on daily, the bullish pennant is telling us it would be a good long. Over the next few days I want to see if T D Sequential gives us the confirmation for a long trade. I don't like that weekly has us set up for a potential short trade. It's up to daily to give us the bullish price flip on weekly time frame.
I'm leaning more bearish than bullish on these hourly time frames for right now. Want to see things change course tomorrow morning.
Here's a nice low risk, high reward trade, and the education/reasoning behind the long trade.
Just saw this and thought it was worth posting to help individuals who are looking to long. Want to see T D Sequential give a buy signal for me to be more bullish on this trade, otherwise technical's are signaling bullish.
The Darvas Boxes + Visible Range give us our targets for reversal/support and resistance. The key will all trading is being patient, this T D 9 Buy Setup here on 30min could fail and the short trend could continue, it's best to wait for a green 2 count to break the high of a green 1 count if you're a low risk trader.
T D Sequential says it's a buy, technical analysis is telling us the breakout has been rejected thus far. It's just a matter of time though.
Most people don't set targets or they set imaginary targets. With Darvas Boxes, they show you support and resistance based off the opens and closes of candles, and you set your targets based off of the support and resistance . Also, they don't clutter the chart, which is great. On tradingview indicators look up Simpler Trading Darvas Box, and try it out for...
Daily has gotten a flip in price, but long play hasn't confirmed until the high of the green 1 count is broken. This is lead us into a bull trap, but I doubt it. The parabola wasn't broken, so it looks like we'll start a march to new all time highs this in the next couple weeks.
If you don't know what dictates a short based off T D Sequential, we need the low of the previous red count candle to be broken.
We have a chance of still bouncing before we make lower lows. I personally think we're going to the $8,500 range, but we could have billions of dollars pumped in by wall street and other institutions. No telling though.
As more daily candles open the more support and resistance is made, so depending on where candles close will give us an idea of being more bullish than bearish, and vice-versa, if the highs or lows of previous candles aren't broken yet.
Saw a post on POWR/BTC so I decided to do my own take of the price and what are the potential targets backed by math, on both a linear and logarithmic charting scale.
Last time we broke previous all time high we went up over 110%, so to test a theory and trend I've seen on ETH and BTC I'm testing it on LTC. I usually don't use Fib's but I slapped one on there out of curiosity and it lined up pretty well with my top target.
I'm posting this again because I selected the ETH/BTC chart so it posted in ETH/BTC, when I wanted it to post in ETH/USD so more people can see it, learn and jump on the bull train!
ETH is starting a big year soon, with my price analysis on previous posts putting ETH/USD upwards to $9,000+ and ETH/BTC at .435BTC tops for this upcoming 2018 Alt Season We're just getting stared folks.