Hi Traders, An update to BTC. We're currently seeing a bearish formation taking place as depicted on the chart. Its been formed on the hourly so not its not exactly very strong. If we do see fall we will look a the price action within the grey zone for a push back higher. As the last move up has been weak with lowering volume we will need to keep in mind that it...
Hi Traders, Some useful info on the 2017 bullrun. We thought it would be interesting to take deeper look into the number and size of pullbacks in the 2017 bullrun. Nearly every month saw a fall more than 15%. February and October saw the smallest pullbacks, with January/June seeing around 40% pullbacks. December saw the most amount of pullbacks and the largest, 2...
Hi Traders, An update to on the movement to BTC. Currently testing 0.618 Fib level which was pulled form the top of the move down. If this is rejected we will look fo ra test of the 0.382/0.5/0.618 Fib which can be seen on the chart. However, if we break this level and push higher we will look for a rejection of resistance level $52850/$53750/$55000. Thanks The...
Hi Traders, An update to LINK. We will look for a break of the 0.382 Fib. for prices to push higher and then make past resistance to support at $25.45. If this levels fail to be support then price will come lower to either form a double bottom or trace lower into the lower zone and test the 0.618 level. Thanks The Market Sniper Team
Hi Traders, An update to our last BTC post. Price has pushed lower again. Even though we have seen a lot of selling, there has been more buy side volume at each support level. If price break the 0.382 Fib, price will push higher between $50453-51000, this where we expect a small pullback to test past resistance and form new support. If this is the case it'll add...
Hi Traders, An update to our last post. A huge shake out today, price broke the first zone and rejected the second one perfectly. Price should reject the upper zone to come back down to the lower zone before going back up. Overall, it still all looks healthy. Thanks The Market Sniper Team
Hi Traders, An update to BTC. We've made new highs so its likely we'll see a pull back into either of our two zones. The push back up will come from a further fall in the DXY. Thanks The Market Sniper Team
Hi Traders, An update on the DXY. Currently testing resistance to then fall lower to the bottom zone. The direction of the DXY will be determined by the US economic data that is being released this week. Its split throughout the week so we will take each day as it comes. Thanks The Market Sniper Team
Hi Traders, ETH is broke weekly structure. A nice sign that ALT season is beginning. Thanks The Market Sniper Team
Hi Traders, We've updated the upward channel BTC is currently in. Currently also in an accumulation phase. BTC is also slowing down which leads to think ALT season is beginning. ETHBTC is also starting to push higher also adding to the argument that ALT season is here! If BTC breaks higher we can expect a short bleed from the alts. Thanks The Market Sniper Team
Hi Traders, An update to our last btc post last night. We are currently breaking structure. We need a good amount of volume and nice push up out of structure to confirm the move up. Thanks The Market Sniper Team
Hi Traders, Interesting analysis on BTC. Price has slowed down and has created an upward channel. We have looked further into what sort of orders are coming in and what quantities, this is where we have circled the volume bars. This is further reinforced through the sharp spikes also seen circled on the accumulation/distribution indicator. Road to $100k?...
Hi Traders, LTC to the Moon!!! More recently we've seen nice push back over and above the $200 mark and still sitting above $200. We can expect a similar pattern to develop on LTC as other major cryptos. Accumulation has grown dramatically after it broke the triangle down at $140. All time high is $400 which is we can expect to see potentially in the next few...
Hi Traders, ETH price was just short of $2000. Currently creating higher lows and higher highs, all signs that there is more to come. We will keep an eye out for bullish pattern formations for the continuation of the bullish trend. Thanks The Market Sniper Team
Hi Traders, BTC has finally tested the $50k level with a small rejection. Price has also closed above bullish levels ($41000) which is a good sign for pieces to continue pushing higher. We have also noticed that now ALTS are very much outperforming BTC. BTC has also slowed down which has meant investment to move into other coins. There has been increasing support...
Hi Traders, Crude Oil has seen some crazy gains completely supporting the V shape recovery stated at during the first and second lockdown. price is currently reaching similar levels to pre covid which bring to light the idea that oil is now well over extended. $63.5 is the level we are looking at for a rejection and for price to move lower. Thanks The Market...
Hi Traders, We are back for a fresh week. We more recently saw rejection of the 0.382 Fib level which has been a positive sign for prices to push lower. Currently price is testing the support level $90.3, we may see a small rise to find resistance and then for price to continue tracing lower. We will keep an eye out for key news surrounding the us economy and any...
Hi Traders, ETH is following a similar trend to bitcoin so we will treat it the same. Currently not seeing buy volume to support the move back up. We will look for a rejection candle in the top grey zone for a confirmation to the downside. Thanks The Market Sniper Team