Here is a trade I am considering. Bitcoin seems to be in an ABC pattern ... the target should be point (C) AS long as we stay above the red line (HTF R/S flip) ... this trade is safe. You could enter now ... or wait for confirmation as the orange trajectory shows. If we bounce on the red line ... it's all set and go :) A more conservative target is the end of...
If we use Fibonacci for measuring the last swing high and swing low ... the golden pocket target is the purple area. When reached (at around $10,000) we will very probably make a major move down. The $10,000 is a major hurdle ... we made a very long lasting run up ... it's time to cool down ... and collect energy for the FINAL jump over $10,000 !
BTC is running in a channel since March 13 Closing in a move above $10,000 ... But the HTF resistance (the red line) is also very close. We broke it once, but it was a false breakout. Bitcoin has to decide where it wants to go: IF UP ... then the upper border of the channel is the first target. IF DOWN ... then we will probably head to the Golden Pocket...
GBPUSD is going parabaloic since the 18th of May. A former resistance was broken (the green bar). But a more massive HTF resistance is ahead ... and we just tapped the bottom of that resistance. We are also overbought on the RSI + there is a bearish divergence on the 4H ... Chances are high that we will not break this resistance and pull back for a while.
Soooo ... after the dramatic $1,400 drop BTC found support at the bottom of the large rising channel ... and bounced right off of it. This exact point is also where the 200 day EMA can be found ... both resistances saved the day... for the moment. The bad thing is we dropped under the 2,5 year (green) resistance line ... and this all just one day before the...
BTC just crossed the green multi-month resistance level ... which is major bullish already! Now BTC seems to be in an upwards channel ... with maybe an Elliot Wave count like shown in the drawing. If the high at point (3) is respected ... both the channel and the Elliot Wave count will be confirmed. Then the next few weeks will show a more or less sideways...
On the 15 minute we see a nice upwards curve for the lower highs. It looks to be on an accelerating trajectory ... what do you think? The horizontal red line is the big number to break: once we go beyond 10.558 ... the previous lower high on the bigger timeframe ... it is VERY BULLISH
The ascending trendline is supporting BTC at the moment. The 1 hour 21 EMA is pushing is down ... the 4 hour 21 EMA (not on this chart) is still supporting BTC. We are nearing decision time now ... UP or DOWN? If the trendline breaks we will probably head to 4.5K or lower. Otherwise we may see a nice upward bounce again. What do YOU think?
Moving in a channel ... with a slowly rising support line. Heading for a collission with the 15 minute 200 EMA ... will it push her down?
Nice channel pattern for Bitcoin at the moment ... beautiful to short and long ... the 15 minute 21 EMA can be a nice guide for scalps too!
The 15 minute 21 EMA is pushing us up through the 'barrier' of the 200 weekly MA ... Breaking out to the updeise soon?!
We are moving in a bearish flag ... expecting to fall down to 7240 and close the CME gap. Then probably up again.
There seems to be a certain set time frame between the recent price spikes. Let's see if the next one happens like 'predicted'.
BTC is grinding towards the abyss ... or are we going to see a pump/retest towards 7350 first? What do you think?
At the 4 hour timeframe the 100 EMA (purple line) is holding BTC down. The 2 orange lines are forming a important resistance triangle ... and we are very close to the apex! And with declining volume this emans a big move is coming soon. The next 4-20 hours will be decision time ... UP or DOWN? Up target = 7780 or higher Down target = 6800 to 6500
The daily 20 EMA has been holding BTC down for a long time. We got rejected at point 1 and shortly before point 2 we dropped down ... and then had this amazing pump across the 20 EMA to 10,300. We hovered above the 20 EMA for almost 2 weeks and then tested it again at point 3. After breaking the 20 EMA definitively we dropped all the way to 6,500. With the...
Whenever XRP crosses the 21 EMA (see red circles) the price surges. Currently we are below the 21 EMA and below the S/R flip of 0.23150 RSI on this daily chart is just above oversold. Whenever we cross the S/R fluip AND the 21 EMA we can expect a nice surge in price.
After a 'devestating' drop we finally had a decent bounce form the current low around 6730. And now Bitcoin finally has moved a decent amount above the 21 MA, which it hasn't done since a long time. Finally a bullish sign, and really bullish when Bitcoin stays above the 21 MA for a longer time and climbs above the current high of 7386!