Price is trading above the daily pivot point just below a longer term trendline. The H4 MACD indicator is bearish but it is not reflected in price action (bullish pressure) and we might see more consolidation before a bullish MACD cross and an attack at the trendline. Also, the Weekly pp is untraded and a drop and test of it at 900 is also in the cards before a...
Bitcoin retraced somewhat yesterday on bearish divergence and today it pierced below the daily pivot point at 10600 but is now back up above again with a close. It didn't reach the Kijun sen at 10325 or the channel floor for a test. Also the new Weekly pivot point sits at 9925 just below the channel, today aligned with the daily S1. This level would normally have...
Price broke higher and probed above 1.14 late yesterday but with bearish divergence on H4 timeframe. This warned of a retracement coming and today we see it play out. Currently the pair is trading below daily S1 which is a sign that this may continue lower. First support is on intraday is at 1.07 and below that the Cloud around S3 at 1.03. On daily timeframe...
The pair has shifted trend to neutral on daily timeframe but has failed to break above the Cloud this far and is currently pulling back towards the lower end of the Cloud. Support today at 205 which is Cloud support and Weekly R2. Also notice how price hasn't retested the broken Monthly pivot point, which may also be a destination on a retracement from here at...
Price advanced to the Weekly R2 pivot yesterday, hesitated and made a break higher. Today price has come down for a retest and a test of the daily pivot point at 10750. If the current 10800 level holds support we might see an attempt to reach the untraded Monthly pivot point at 12200 which aligns harmonically with the upper ascending channel and a larger...
Bitcoin cash is attempting a break higher and is eyeing the Daily R1 at 1600. Above that level we have the 1700 S/R level. And just above that the 1750, previous high and the Weekly R2. A drop back from current levels should find support by the 1480 (Weekly R1) or below that the Cloud. Only a close below the Cloud will shift intraday focus to the downside and we...
Price is hammering on the 1.14 S/R level and is looking poised to pop. Next daily resistance is the Weekly R1 at 1.28 and just above that the S/R at 1.335. If price drops down from current level, we might see a test of the daily pivot point at 1.105 and a close below that, will expose the lower Cloud on the hourly chart (right chart). To the upside intraday, we...
Price has continued up today, initially spiking higher but bouncing but then bouncing off resistance just below daily R1 and retracing on some hourly bearish divergence. Price fell below the daily pivot point at 9870 but managed to close above again, on some strong hidden bullish divergence. Currently it is moving up towards the daily high. If it manages to close...
Yesterday price closed right at the top of the resistance zone between 9200-500. The close was some 2000 sat above the Weekly R1, which was quite a bullish statement. Today we see it advance without much retracement and is now trading above the previously broken, longer term trendline, which when it was broken Feb 1 marked the beginning of the last drop to current...
Price is gradually moving higher and is now by the 1.13 resistance and is about to close above the daily Kijun sen (white line) which is always a sign of market sentiment change, previously close above was on Jan 13. On the hourly price has tested the Daily pivot point and the shot up but has halted halfways to the R1 right at the 1.13 S/R level. As it looks now...
Price is back at the 8850 level and is looking ready to advance and enter the resistance level 9200-500. On the hourly chart we see a close above the Daily R1 pivot and bullish pressure is clearly visible here. But if price fails to create momentum at current level, it may drop back yet again, towards the Daily pp at 8600 or the intraday resistance at 8700 around...
Price has broken a trendline with a strong candle to the upside and is now above the Weekly R1 pivot at 177. A bullish MACD cross is also pushing price higher. A close above the Weekly R1 will expose the Monthly pp yet untraded at 202. Typically price tends to gravitate towards the untraded pivot point. The zone 210-200 will be a stronghold resistance with the...
Price has fallen back today after we saw a nice bounce off of the daily SMA200, which is now the important line of support today at 8100. The strong move up yesterday was in line with the MACD cross so this far, price action is looking natural for a continuation up, also in line with the bullish signal on H4 yesterday as price then closed above the Cloud. On...
Price has opened and held above the Daily R1 at 8450. A minor resistance at 8550 and above that the Daily R2 at 8900. A sharper move up will ran into the upper channel and higher tf S/R level at 9500 which is more of a zone on the Daily chart 9200-500. If price breach the trendline and break above and hold with a close, price has entered the Daily Cloud and...
Ripple shot up yesterday and just touched the Weekly pivot point at 1.24 after which it dropped back to 1.00 S/R level. Sharp moves. Today it tried to continue down but has bounced intraday by the Weekly pivot point. Currently its trading between the Daily pp and S1 and is back above the Cloud on H4 timeframe. Chances are we will see price advance from here...
Price failed to reach the Weekly pivot point yesterday and has since fallen back and is now trading below the S/R level at 8200 and the SMA200, despite the MACD cross. On the intraday chart to the right we see price fail to find support by the Daily S1, which is quite bearish, though some bullish divergence is present, still it currently keeps dropping towards...
As Bulls feared, we saw a failure and reversal by the lower Daily Cloud and preice is now approaching the important 750 level were we could see some support. This approximately aligns with the lower end of the Cloud on the H4 timeframe (right chart). Just like Bitcoin, Ethereum failed to reach its Weekly pivot point, which points to lack of momentum or...
Price has reached the important Daily Cloud resistance which its trying to breach. Just above stands the untraded Weekly pp and the Kijun Sen (white line). It would be natural to see a bounce from here, perhaps after a test of the Weekly pp. Support below stands around 830 and then the Monthly S1 at 750. There is also a MACD cross brewing, as has already happened...