BITSTAMP:BTCUSD made new all time highs over the last 24 hours and i expect it to reach our targets that were set before!
Expecting a big down pulse on FOREXCOM:WTIUSD 0.42% . Oil 0.26% is seen trading a descending channel and negative OPEC related news has been in the air.
BITSTAMP:BTCUSD The deadline is approaching rapidly, personally I am extremely bullish on the outcome, Political uncertainty is higher than ever and this alone is a solid reason for a rise in BTC price. Also once all those recent short's and people hedging close or get liquidated you can imagine the rise.
FX:GBPUSD is bond to break the bearish wedge and come down to the channel line.
BTC, as we all know has uncapped potential, its limited supply gives us a certainty that the price will rise substantially in the years to come. COINBASE:BTCUSD has been battling some time now to break the major phycological $3000 barrier. As I have mentioned before, round number play a huge role in the market and its usually very high supply and demand...
PLAIN and SIMPLE short play we are seeing here.
Our short is doing great, currently +250pips and hit a low of +285pips. I expect a slight pullback before heading further down.
As long as the structure holds on BTCUSD , which it most likely will we should still expect upwards momentum, Please keep in mind that there is minor USD strength today so that could cause a push slightly lower, we shall look for buys in the blue marked area.
XRP has suffered a 60% drop since the all time high. I see it as a healthy retracement considering the 4000% rise in 2017. We can see that XRP has came down to test a significant trendline and also at same level we find the 78.6 fibo retracement of the recent uptrend that led to the ATH in May. Look at the price action, we previous saw a lot of buy support at...
So people asking me why the optimism on BTC...Well Segwit will help fix some major issues on the protocol. We are now at 89.1% of the required mining support for BIP91 to be locked in. We could reach 100% within a few days or even hours. I shall keep a close eye and frequent updates. We are breaking out of the trend of the past month looking at the structure...
ETC has had a big pump lately but it seams to be loosing steam and also technical analysis shows a down move is most likely in the near term.
I see two possible scenarios on POLONIEX:XMRBTC but looking at the structure the most likely scenario would be an upwards pulse. Although COINBASE:BTCUSD is to be taken into account. As we have seen in past, a drop in CEXIO:BTCUSD is able to bring the entire Crypto market down with it. Personally I feel Segwit is a major uncertainty this alone can push down...
So earlier this week I told my followers to at $2500 sell there BTC to fiat (USD, EUR etc) since then the trendline which is blue was broken and its been downhill from there. I clear break of the $2000 level and we going down to $1700 no questions asked! This could create more panic sells and push the price down even further. Personally I think it's best to...
CEXIO:ETHBTC is showing a bearish pattern although we came to test the lower trendline aswell...I see two possible scenarios in this pair. POLONIEX:ETHBTC the most likely is more selling pressure from the current levels or slightly higher.
FCT is making higher highs and lower lows, also the structure is being respected and i impulse up is expected.
POLONIEX:FCTBTC broke the upper descending trendline and also was oversold on the RSI. Consolidation in this area and we will most likely see a push up relatively soon. Also looking at the price action in this zone historically shows it is a high demand zone!
ETH made a higher low and is still trading within the wedge. the structure has been respected and a move up is expected soon.
We are looking at this lazy lady again, this time STEEM is forming a beautiful bullish wedge and has a lot of potential upside! i will definitely be keeping a very close eye on this one.