We can see two consecutive Ws forming. The first one was a very steep one. As a rule of thumb, if the angle is greater than 45 degrees, it's a sign of a rather short euphoric increase before a fallback. The second one approaches the trend line.
We see a recurring bullish pattern: the ascending triangle. Bottom is found at 780 which should serve as a stable support line. Also, the 50 DMA has crossed back up over the 200 DMA
BTC still is in the major downtrend but bottom should be found around 6000. Implementing Bollinger Bands, a pattern emerge with a high volatility indicated by the areas. These short term declines all seem to last about 4d and 10h on average. The volatility has declined! Also, looking at the price oscillator, the oversold ratio seems to level off. Rather we see a...
It seems we have reached the Distribution phase as marked by the red line. We can see two Blow offs at the top indicating a change in trend. If we take a look at the 200 DMA (red) and the 50 DMA (blue) approaching one another, we can assume the change in trend. In my believe, a downtrend won't last long because as we look at the 6 M chart, almost each downtrend...
ETH has support at around 900. The Hanging man indicated by the yellow area shows that buyers are pushing back. Also, we can see 2 almost consecutive DOJIS as indicated by the arrows. We're still in a major advance . BUT, there are two warning signs. First, there has a Head and Shoulders pattern formed at the end of this advance and the Shooting Star indicated by...
AAPL is likely to drop closing the gap created. Nevertheless, high volume at the end is not confirming the downward trend. Head and Shoulders formation at the top. We'll see where the stock will open. I anticipate a short jump before a major downtrend. AAPl has lost momentum in the upward trend as indicated.
BTC about to find ground at around 10900. DOJI seen at 11200 shows a change in trend but following the big red candlestick there are two more red candlesticks which indicate a loss of momentum in the trend as shown by the yellow area. BTC hasn't pushed through resistance in February. Possible jump towards 11240? Let's see if the short change in trend results in...
BTC short-term fallback taking deep breath and breaking through resistance line at 10900. Red lines possible support lines. Buyers pushing BTC but Volume not confirming the trend. Anticipating WXY move
A W has formed as a sign of a bottom found and an advance. BTX -0.38% should definitely stay in between support and resistance line, but might break through the resistance.
BTC has lost momentum indicated by DOJI at 10050. Resistance at 10200. Same volume as 2018-01-31-. Possible fallback towards support line at 9600. Bearish Candlestick shows a short-term change in trend. High volume from the buyers was responded by the sellers indicated by the yellow shaded area. The sellers pushing BTC down will only succeed in the short-term...
New Support line at around 87. High volume not confirming the trend. MSFT might fall under the Support line but will eventually break through it and initiate an upward trend towards the 90. Positive big candlestick as a response from the buyers. ABC as a prediction due to a possible head and shoulders formation.
