-My analysis according to trendlines and Fibonnaci- So, BTC just broke out of the trendline, heading to the nearest resistance around 9000. The retest is probably going to throw it to the junction of the lower trendline and support line which highlighted in the green box. (my judgment is also supported by the Fib retracement). Note: It might even throw it harder...
If we follow the bearish trend, this shows that its possible to reach a new low according to fib ret/ext. I would wait for a few more candles though. FX:EURUSD
Prices recently reached the nearest resistance, In my opinion, it might dump to the nearest supports according to fib retracements, which are two, One at around 20.480 and the other at 19.550 BITFINEX:XRPUSD
It's dumping now, as it reaches the 8k value. Drop levels vary between what you see on the chart. Put 3 TPs and a wide SL:8100 ( very unlikely to go above it). RSI suggests a drop as well. BITSTAMP:BTCUSD
Hello, This is my analysis for a short term trade, I used SR Lines And Fib Extensions/Retracements. There's a steady bullish movement that shows an ascending triangle with good EMA20 support, Which implies that it's going to break out of the next resistance after retracing down to almost 7000. (This is not a signal but rather my own analysis to the situation.) -...
If we break through the resistance, we can hit the (8000) point. BITSTAMP:BTCUSD If not, it can dump to about (7100-7000). (Depending on Fib retracements and extensions.) We also have a steady bullish movement with an ascending triangle and a good EMA support.\ (This is not a signal, but rather nothing but my thoughts on it.)