Trend Analysis: On the 1D chart, the Bitcoin price is following a simple ABCD pattern. The price reached a new short-term high but is struggling to break past the next high at ~$10,900. The price will continue to test this until it breaks it or just falls back down to the mid $9,000s. We are at a crucial moment because once we break out of this triangle, it will...
Trend Analysis: Bitcoin broke out of the symmetrical triangle pattern and almost touched the $10,800 mark before retracting back to $10,400. This looks like a typical cup and handle formation. This could take the price to $11,500 if it follows a similar pattern as cup and handle formations do. Also, this pattern looks like a bull flag which is also good news...
Trend Analysis: Bitcoin broke out of the symmetrical triangle pattern and now looks like it could be headed over $11,000. The price hit the resistance of ~$10,500 and is now testing it to see if we could shoot up even further. The pattern it has created now looks like a cup and handle pattern, so if this is true, we could see a short downward trend followed by...
Trend Analysis: An upward trend has formed yesterday and we are now approaching the resistance level of ~$9,800. The resistance level at this point is also where the upper line of our triangle converges. This means that there could be a break-out soon or we could retract a bit to the ~$9,200 level before a big move is made. We will continue to test the...
Trend Analysis: After a sharp drop to $9,400 we are seeing a steady upward trend being established. It is starting to crawl towards the next resistance of ~$9,800 but the way this trend is panning out, it may just be a bear flag instead of an upward trend. If the price can break through the resistance 1, then we could see a pop above $10,000. There is some heavy...
Trend Analysis: Since the Bitcoin price plummeted to its key support of ~$9,400 we are noticing a descending wedge being formed on the 4h chart. If this is indeed a descending wedge, then we could be gearing up for a break to the next resistance level of about $10,600. The support we are on is critical, if the price breaks below the support, we could see the...
Hi traders, Trend Analysis: Apple has been moving erratically lately based on speculation and news about the trade war. Volatility and volume are increasing as we approach the first day of US-China tariff implementation(Sept 1). A triangle has formed and we could break out of this trend in the near future. With the news of the tariffs and the retaliatory...
Hi traders, Trend Analysis: The Bitcoin price has plummeted below a key trend line and now is establishing a downward trend. currently, we are hovering at a critical support line. If we break past this critical support line, we could see the price continue to fall to the next support of about ~$8,400. Keep an eye on the movement over the next days. If the...
FACEBOOK has put a reversal signal after breaking above 200 and back below a key level around 197-198. It has made an effort to close the unfilled GAP at 217 levels and failed and broken through a key level at 197. On top of that FACEBOOK has put a bearish confluence with the momentum and the price action. Also it has significantly moved away from the 200EMA...
FX:EURAUD Formed a bearish cypher pattern. RSI has a divergence and the strength index for AUD is oversold and EUR is a bit overbought. First target can be 38.2% of retracement and second target 61.8%
Hello my dear You can find all details on the chart above. Pair: EURUSD Entry: 1.11157 Targets: First : 1.11989 Second: 1.14000 Stop: 1.10500 ______ This is not Financial advice
*Not trading advice* There is increasing chatter about an upcoming altparty, and I believe it may get underway sooner than many expect. How high will the XRPBTC price go? Let's take a look at how things played out in September of 2018 (check my linked idea for reasoning as to why this may be the best model for what to expect this time). We see sustained slowly...
Hello and welcome to my Trade Idea of the currency pair AUD/USD: Lets start with the Top Down Analysis. Monthly: Overall bearish, so we look for short Trades. Weekly: The trend retraced itself after touching the weekly support. Now I think the retrace is complete. Daily: We see a Trendline and again overall bearish momentum. H4: We recognize...
Here's the count and the projection law target for the current move down. Target now below 10k @ 9757
Got a reverse and move up from 1361 a new drop is in force and I'm looking at core projection target for this move down. Core projection terminates at 1.13302 at 1.618 ratio. Longs closed for good profit, short taken at 1360 close sell and re buy from 13302.
BTC/USD just violated my 100% boundry at 11687 potentially invalidating my wave count. If it drops below this level quickly and doesn't close in higher time frame.. My count can still be valid and maybe BTC will go to 2290.. Don't seem right while dollar crosses are all growing why would bitcoin fail down...? I'm probably wrong. and new high might come back to 20K.
I'm looking at the Eur/usd ending diagonal termination @ 1.13774 and subsequent move down on Friday. Core projection for the move down terminates at 1.1361 looking for support and reversal up at 1361 / 1358.
Ending diagonal E termination spiked up to 11150 and sharp drop begins. This looks like a classic case of sub wave 6 to 88% and 88% is ruling the waves lately. If it ever gets back over 11175... I will believe in the bull. Expanding Reverse Symmetrical Triangle on the daily chart.