We need to wait for a break of 12190 level, to get an official confirmation that the current retrace is over. However, we can as well guess now that a bottom might be in place already (??), at least this is a possibility. Levels to watch: 12190 --- uptrend officially resume 2980 --- uptrend officially over
As we all know, the past days on S&P500 and other stock indices has been a bit shaky! The upwave started on 11 September 2017 saw the market appreciate of a whopping 19%, in a hurry and in a parabolic way. In case you missed it, yeah, the upwave started on 11 September 2017 is now over. What now? The market is still technically bullish, that upwave was just...
In October 2015, a big wave begun. This upwave is still active, however it went a bit out of control, too many buyers joined the party during this wave, bringing price of one bitcoin from 400 to a max of 20000 usd. Kinda bubbly! Now we are withdrawing, supports remain at 2970 level, a break of such level would mean the end of this bull-wave started on October...
Hello, following up our last post, ethusd broke the 1099 level. The retrace started on 16 january is officially over since 2 days ago (27 january), aka since the break of the 1099 resistance level (blue circle). As we can see, price already moved up +10% since that breakout, it is now technically bullish, and will stay so as long as market remain above 757...
1099 level have not breaked yet, but we keep an eye on that... We are very close... Should it break, bulls might have some serious party!!!
Ripple (like other cryptocurrencies) remain trapped in a down-wave (retrace?). Our eyes are on the 1.4465 level right now, should it break, the current down-wave would to be considered officially over, giving green-light to bulls. As of now, all we can do is wait....
No, it's not bitcoin. It's XAUUSD (gold) weekly chart, we can see that 2013-2014-2015 was not wonderful years for precious metal lovers.. However, 2016 put an end to this massive retrace. 2017 was calm (but technically bullish). 2018 might bring us some crazy surprises, never forget gold!
It's been more than a month now, Bitcoin is in a correction phase. We saw what looks like a doubledip, or AB=CD kind of pattern. Currently the market is sitting on the low side of this downwave, and it is still vulnerable to new selling pressure. However, we keep our eyes on the 13.052 level, if price can break that, it will signal the "official" end of this...
The bullish attept of ETHUSD is over, we are now again technically bearish. A break of 1165 level would bring a new wave of fresh buyers in the market, however as for now, the road is open for sellers. Beware!
A break of 1.74 would technically end this retrace, opening the road for more buy pressure (resume long-term uptrend)
Ethereum is trying to get back on his bullish nature, however a break below 990 might open the road for new selling pressure. Watch out!
The Upwave started on 8 december 2017 ended the 8 january 2018, exactly one month. We are going down since then.
Ethereum value keep rising against the usd dollar!
Seems like the retrace is technically finished. Courageous traders might decide to buy now for another attack to the all-time highs. More cautious traders might take profits and wait to buy again lower. The current bull wave started on 9 october 2017 have seen already 3 dips (or retraces), what we can surely say is that this bull wave is getting old... The...
As we can see, the btcusd uptrend is still very intact and healthy, however our eyes remain on the $15500 level support. Should such level be broken, the next relevant support to watch will be at the $5500 level, followed by the $3000 level. Medium bids expected at $11800 level. As for now however, the $15500 is still unbroken so.. we stay neutral.
Bitcoin run keep going, another dip was bought today. New support at 15400, with the next bigger support at 5600. More updates to come. Momentum remain on the upside!