Welcome back enjoy episode Four of my quick fire $btc analysis.
I hope you enjoy.
For personal bias and price direction, my twitter is here where I post what i'm trading daily.
This is an experimental call and will require fairly tight stops. however, I've been watching ubq on the daily and a bull flag is currently forming, from the bull flag I can make a prediction on where the price can fall.
I try to keep these calls realistic so, I'm not going to kid you into believing this will be a "omg %10000 returns" as you see so often...
Ill keep this short and simple, if you belong on etc this is a chance for some small returns. etc ill hit the red before going anywhere else.
it was thrice failed to break the resistance, once breaking through before the bears smashed it back below. it has broken a trend line and has formed a bear flag and has only just followed through.
there will be more...
As you can see via the chart yesterday we saw BTC -3.41% bounce off the .382 fib level as well as an area of support from months ago. This bounce saw two bear flags being produced which, if you zoom out to a lower time frame those two bear flag merge into one scary looking bear pennant .
However, this is an opportunity for us all, looking at this chart we have...
Follwing trx over the last two days it has hugged the support line dipping below and shooting above all the time coming back to rest on the support. This to me says that trx is under a heavy load from both the bears and the bulls. it will be interesting to see where it ends up as the market has been slowly leveling out over the last week.
It looks to me that any...
Tron pushed up with the latest btc bounce which has given it a new support line detailed by the dotted yellow and highlighted by the box. this is good news if you are holding trx as if the support continues to hold despite being tested multiple times today it gives trx a good place to rise from. im expecting trx to follow the dotted white line highlighted by my...
TRX is looking a little sad today, I had hoped in my last ta that trx would form an Eliot wave however btc happened and slapped that idea right of my idealistic mind!
ive taken a little step back and have removed my pro trx bias from this ta.
As you can see from my picture there are support lines (dotted yellow lines), the lower one where the current down trend...
From plotting resistance lines from the lagging span, you can get a clear picture off ware ETC could be heading.
The kumo cross combined with the tk across happening above the cloud indicates a strong bull signal. If the Volume can increase we can expect to see strong bullish behavior towards these resistance lines, most likely with bounces between.
I think TRX is getting to the point where its either going to drop or pop up to the dotted line and test the resistance here.
if it doesn't bounce off the dotted line, we might experience a double dip back to our previous low.
This is just my two cents, please let me know what you think in the comments.
if you havnt seen my previous post, go check it out, it...
The two boxes I have highlighted demonstrate simple and fundamental bullish tenancies. When the tk crosses positively its a bullish signal, what enhances this is when the price escapes the cloud as well, this should be seen as an extra strong signal.
I would be happy to say that we should see a fairly stable bull run from btc.