TRX dumped hard this morning after Justin Sun announced to cancel lunch with Warren Buffet due to kidney stones. On a macro view, technically, TRX has finished a rising wedge pattern and a pullback. TRX is facing 61.8% Fib. retracement, which is strong and universal support. If this support can't hold the price, TRX will lose 50% value from this price. On the...
A mixed favor of BNB in recent days, it broke out major downtrend line but broke down minor uptrend line. This is due to the strong buy/sell pressure at Fib. 23.6% level. Next days I think BNB will do ranging in an expanding triangle as shown in the chart unless $30 resistance be broken with high volume.
BITSTAMP:BTCUSD As mentioned in the latest analysis, the MA50 support fails to hold the price that makes BTC returns the 4-digits area. The dumping in this morning starts a mid-term downtrend for the market, which can pull the price down to $7150 (Fib. 61.8%). Applied Elliott Waves count on macro view, we are in the 3rd wave of Wave C retracement, which the...
BTC dominance (BTC.D) runs in a parabolic curve since April 2019. After got over 32.8% and 50% Fib. retracement (considered as resistances) at around 58% and 65%, BTC.D is now heading to the 61.8% Fib. retracement (at around 72%), which is the strongest resistance. I expect a strong correction of BTC.D when it reaches the 61.8% Fib., from now to then BTC.D will...
I feel bearish for the next days, while BTC loses its strength. BTC will have a leg up to 11k before making another dump. If BTC loses MA50 support, it will dump to below 10k. Supports and resistances from Pivots are as shown in the chart.
BINANCE:BTCUSDT This analysis follows the last analysis (), where BTC fell to ($9,950 - $10,800) area, with a wick down to $9,500. From now, BTC runs to the end of the bull flag pattern, confirms by RSI indicator. It says BTC will have chance to break $11,800 strong resistance this week. Unfortunately, momentum decreasing prevents BTC to go up hard. BTC needs...
BINANCE:BTCUSDT BTC had a massive drop by $2,000 (~7%) in this morning after reached $14,000 resistance (as predicted in the previous post). This correction is needed for BTC's health because of heavy overbought of daily RSI. On the overall, BTC is still in bullish favor if it can hold above $10,300 (key support) in this correction. We have 2 possible scenarios...
BTC has just broken out an ascending triangle pattern and had a leg up to $11,452. A minor pullback went after that pushed price down to $11,100 to test the upper edge. BTC has enough strength to test those resistances at around $11,800, $12,600, $14,000 and more. To keep the bull favor, BTC needs to trade above the key support at $10,300. The...
BITSTAMP:BTCUSD Since the recent analysis: "BTC shows first bullish sign after 500 days", BTC had a good up move last week that broke out all strong resistances between $6000 and $7000. BTC's momentum is still strong, as pointed out by weekly RSI reaching overbought area. Next week the MACD signal line may enter positive zone, there will be another bullish sign...
BITSTAMP:BTCUSD This post is a long-term view for BTC, follows 2 previous posts. BTC comes to the upper Bollinger Bands (BB) after 17 months in a bear market, which is a super bullish sign for its future. This time Fractal recalls me a similar pattern on 2015, where BTC entered a super bull run from around $400 to near $20,000 for 2 years. This bull run may...
BINANCE:FTMUSDT FTM broke out all downtrend resistances as well as RSI enters bullish area for the first time. Most of the signs has confirmed very bullish future for this coin. Short-term target is expected to be 61.8% of Fib. retracement at around 0.0335 sats, mid-term target is the last peak. If FTM can break these resistances, a 2x or 3x profit will be easy...
This is an update related to last BTC analysis (see below). Everything has being gone as predicted. There are no strong resistances for BTC 'till 10k. Rebuy zone for the latecomers is $9050 - $9150 zone. Supports/resistances are as shown in chart.
BINANCE:BTCUSDT After many times tries to break down Key Supportance at $7550 but all failed, the Bull is stronger that can take the control back from the Bear. BTC turns to bullish phase after price break out local downtrend channel and TRIX combine indicator (link below) turns to bullish. BTC can retest $8500 are this week. To buy BTC at this time can yield...
BINANCE:ICXUSDT IF ICX can break $0.462 (Fib. 61.8%), it will go to the moon. If it can't do it, it continues running in accumulation phase between $0.36 and $0.43 (Fib. 23.6% and 50%). Details are as shown in chart.
BINANCE:LTCUSDT LTC has been raised almost 5x in value since last bottom, broken out strong resistances at around $50, $67 and $95. After breaking resistances, the resistances become supports that attracts capital flow to LTC. From the current price LTC might have a small pull back to last support at around $96 then will continue its raising. There may have a...
BINANCE:PHBBTC Red Pulse Phoenix Binance (PHB) coin has a nice chart, he is in accumulation phase after massive sell off after listing. Price trades around POC level, respects Universal support and Local resistance. This coin might enter super bullish phase soon at any time. Details are as shown in chart.
BINANCE:RLCBTC RLC has high chance of breaking out strong resistance of last month, facing first Fib. local resistance. TRIX + MA/TRIX indicator (see link below) pointed out good trend for RLC, strengthen bullish sign. On overall RLC is good to invest for short-term profit (this week). Details are as shown in chart.
BINANCE:NAVBTC NAVBTC is about to break out the bull flag pattern, after breaking Fib 50% there is more room for it to go up higher. Ideal buy zone is 270 - 280 sat area, with a stop-loss below 245 sat. Details of this coin are as shown in chart.