Keeping this short and to the point. BTC has been ranging lately, and we've seen multiple rejections from the Monthly Open which leads me to be near term bearish. Ultimately, I'm targeting the weekly open for a bounce play up to the yellow area and ideally the monthly open. If we lose the dotted line at 7.2k with conviction, things won't be looking good. No...
After a strong sell-off, I think we may be due for a bounce in the short term. This is a quick scalp play, as it wouldn't be unreasonable to test the mid-range once more before continuing lower. Overall trend is bearish, and this is an aggressive, high-risk countertrend play. The orange lines 2/3 of our Take Profit points, in case we don't reach the top of the...
Over the past few days, we have seen a massive sell-off from the $8,000 region all the day down to $6.5k which is a level I have awaited for months. Currently, the market looks very bearish and we are sitting on high time frame support. I am expecting us to rally into ~7.7k region relatively (black line), and ultimately back above 8k to the red box area. If we do...
Since topping at 13.8k a couple months ago, we have been in choppy consolidation, and forming lower high on high time frames. Currently, I am short biased HTF and looking for longs on LTFs if we can hold the 10.2-10.3k region. Waiting for confirmation is key here, and closing above 10.5k with volume would make me bullish and targeting $11,170. A clear loss of...
Hello, Been sitting on this chart for a while. Since we've now had a strong retest and close above previous resistance, Ethereum looks set to go significantly higher. To keep the plan simple, taking profits at the referenced levels and rebuying upon successful retests will be the key to riding this major move upwards. All percentages are the distance between the...
Hello everyone, Keeping this analysis short and simple. A 6h close above the orange line (the weekly resistance) will liquidate a large number of shorts and send us to out next major resistance at 9.9k. If we can remain above the green line at 9.9k, Bitcoin is headed for $10,000 and beyond. The upper targets for major resistance would be from 10.8k to 11.3k,...
Hello again, Ethereum continues to show massive strength, nearing the $300 level after going parabolic last week. BULLISH VIEW: If the trend continues, we may easily break through the $300 level and retest it as support. A daily close after the retest is confirmation to enter a swing long with a target of $350. How we react at the $320 level is key, and if we...
The first project on Binance launchpad is heating up, up 60% today. If we can get a clean S/R of the green line, these are the major resistance zones. If GTO continues to see high volume, the price could exceed 800 sats and retest the upper bound of the range formed in March/April. The green box is the ideal buy zone (if we dip again). Trade is invalidated at...
Hello everyone! Keeping this Ethereum analysis short and simple. The price has been grinding higher on decreasing volume, and the daily RSI is showing bearish divergence. The red line is the 200 EMA which we rejected hard off of twice, and since then have made multiple lower highs. I believe the dotted line in the center must hold for us to continue...
BITCOIN ANALYSIS: JANUARY 19TH, 2019 Good evening, keeping this one short and to the point. In late December and mid-January we tested the 4k range and were met with considerable resistance. With Bitcoin volatility at it's lowest since November, it is likely that a major move is coming soon. As you can see, we've been forming lower highs and volume is...
Key points - Started parabolic run Feb 2016. - Found heavy support at the 61.8 fib extension - Down -20% this year, putting it in bear territory. Last report, Tesla beat estimates virtually across the board. Elon predicts profitability Q4. Options are implying a 8-10% move up or down which is huge, larger than the usual 5% shift. Notice how the 78.6 extension...