Impulsive move higher off double bottom made around $8.4k, 50% retrace off wave 1, and 200DMA signals the end to the ABC corrective pattern on the 2nd wave. 3rd wave targeting the 161.8% -> 261.8% region gives us a target of ~$18k. This in a large bull wave cycle (5th wave up) targeting new highs around $30k. Parallel between the 3rd wave up may be too insane a...
5th consecutive down day is worst consecutive count for bitcoin since december. Parallel between november 2017 dip is interesting to follow. 200DMA & 61.8% retrace off july 2017 to december 2017 climb & 50% retrace off feb lows to highs.
Recent big volume pick up from certain news pieces (circle acquiring poloniex) & support found at strong technical levels (median pitchfork line & 38.2% retrace of move from 6th feb low & trend line from 7/2) has started this next impulse higher. Resistance zone to break will be the 61.8% retrace of move lower off 20th highs/ The weekly R1/ The trend line off 7th...
Been on/around this median line of pitchfork for most of the afternoon. (Note chart is in log scale). Also lining up with Previous resistance area turned support, the 38.2% retrace from the quick impulse higher starting on the 11th, with another possible parallel low just below. Break of this level the weekly pivot may provide some relief, below that the 38.2% of...
Neo has tentatively broken out of this long-term schiff pitchfork structure & some key fib levels. Need a push higher off retest into the next 61.8% retrace 15th jan to feb low, and fib extensions off 6th-10th rally
First failed test of key ~$11k area last night for bitcoin.
38.2% retrace off decline/22nd december low
50% pitchfork level
50% retrace January to February decline
100DMA
Break of this level eyes the 50% retrace off december - feb decline & top end of pitchfork
Downside should be capped by median line & 38.2 retrace off impulse higher
Decline in price from the 20th December peak was mirroring the fall from 19th august last year to 9th october. Will the rebound in price be the same? Definitely wouldn't expect quite the pace to that rally.
First need to break the 23.6% retrace off decline which was support in January. Then break out of pitchfork.
After the collapse in the price of nano due to general crypto weakness and the close of bitgrail piling on behind it, it's time for Nano to rebound on the strength of it's tech.
From a TA standpoint we've had a false breakout below this modified-schiff pitchfork, along with an Inverse head and shoulders ( double bottom head/RSI divergence for added strength)....
After soaring off the lows (70% from low set on the 6th) Ethereum has run into the key $950 area. Was the low set on 8th Jan, and acted as support through mid-late January until breaking in February. Also is the 50% level in the pitchfork and 50% fib retrace of the decline is slightly higher at $987. The RSI has also failed to push above 50, but did breakout of...
Litecoin finally broke the upside of this channel that's been in play since last December. Will it be a false breakout like it was earlier in the month to the downside? Or has sentiment significantly changed to push us higher? The retest will be key to set the potential minor 4th wave in place to push off and set the 3rd wave higher.
Daily RSI tentatively breaking back over 50 will be a big sign bulls are back in control. Will this help xrp break through this resistance zone. With negative news fading across the crypto space, investors look to be piling back in.
Collapse in price following negative after negative news cycles seems to have come to and end. With news today that South Korean officials may be back pedaling on their regulation crackdown after bullish tones from the SEC/CFTC senate hearing, this could be the potential turning point for bitcoin and pull it out of this bear run. With the 200DMA set to cap the...
