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moreina Updated 

Hourly seems to indicate that supply has given way, so we're expecting to go up from here. Entry made based on the 5m and 1m charts.

moreina Updated 

After the bearish breakdown BTC/USD has been consolidating at the bottom, now attempting to push past the former high. The daily still shows a neutral trend, though tentatively bullish, while the 30 min shows a clear bullish bias. Counts taken at the first trade area, around 11.2 showed a target of 12.5k based on the P&F chart. Since then it's been slowly grinding...

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EUR/USD forming a double top on the daily. Diving into the 30 min we see a bearish scenario starting to play at the top. Targets based on the P&F chart show 1.16 as the immediate breakdown, with a longer term target of 1.12 - 1.115. A strong push down from this area would trigger the breakdown.

moreina Updated 

We had some slight signs of accumulation a few days ago, and when price broke downwards it was supported by buyers. We now seems to be in some sort of absorption phase on the 5 min, signs of a test upwards. If we have indeed been accumulating at the higher price levels as we suspect, we will probably go back to that level for a brief time before testing much...

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XRP has shown signs of accumulation and bullish tendencies the last few months. We are now at what Wyckoff termed the "springboard", which presages an important move. This is shown by price entering a hinge and finding equilibrium, add this to the fact that this is happening at the support area, makes us believe that we are poised for a big move to the...

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After encountering support and a possible spring, BTC attempts to break through resistance and fails, re-entering the trading range and achieving some sort of equilibrium. At this point not bullish, but not bearish either. After 16 hours of pushing and pulling, it seems that momentum has again shifted to the sellers, as we can see on the 5 min chart. The selling...

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The rally a few days ago that broke the downward move is nearing it's end. Price rallied from the lows and reached a high of 11,100, which is the strongest rally since July 10. The rally now seems to be at its end, with price regularly failing to breach the 10,550 - 10,600 levels. Temporary support is at 10,300 but that seems to be failing as well. We're looking...

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The last downward move broke both the demand line established at the 5k congestion area, and the support line after the reversal a few weeks ago. Combine this with the high volume at the top and we have a distribution scenario. Downward count, determined by P&F, gives us a target of 9k, which would suggest a possible reaccumulation area, or another distribution...

moreina Updated 

BTC has attempted to exit the trading range that was created a few hours ago with no success. The 30 min chart shows buying action within the trading range with little to no proof of strong selling action. A dive into the 3 min chart however shows the movement of the sellers much clearer, and suggests that sellers are still in control with weak buying action in...

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BTC has been in a rally for the last 2 days and has now entered a possible supply zone. Earlier it entered a trading range, broke lower then recovered to attempted to re-enter it. We can see on the 30 min chart that it's at the lower boundary of the previous trading range now. The reason why this could be the start of an intermediate move back down is that the...

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XRP gave us a major sign of weakness a few days ago. The trend is now bearish until we see some demand come into the market. What was previously thought of as accumulation could now very well be distribution until we get some clearer signs of strength. 30 min chart shows a minor selling climax has just occurred but this is probably just a temporary respite from...

moreina Updated 

The last few hours has seen the market break to the downside, a short congestion zone, followed by the sharpest rally with good volume that we've seen in a while. On the retest we can see that some demand has entered the market as shown by even bigger volume followed by a reversal with the widest spread we've seen so far. We're now watching to see how supply...

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BTC bounced off the support created two days ago, had a successful retest of the bottom, rallied hard, and has now retested support again, creating a strong spring. Short term bullish, not investment-grade positions yet but definitely a good candidate for small positions with tight stops.

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The daily shows we're in the middle of a trading range, so no trading opportunity. However the bias remains up, and the 30 min shows a selling climax with a good rebound and a coiling at the upper bounds of a trading range indicating possible absorption. Daily chart:

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XRP has been lagging in terms of gains when compared to all the other alt coins, and BTC, which we could consider the index of the whole space. This isn't great news as what usually happens is that when the index will start to fall, these kinds of instruments will take a bigger hit in proportion to the rest. Reviewing the daily chart however shows it to be in a...

moreina Updated 

The 15 min chart is starting to show selling absorption at the lower levels. This could be accumulation for the next run up, or it could be a temporary play for the whales to try to lift prices up higher one more time before dumping it, signalling the beginning of the correction. Either way, a long at this point is relatively low risk since if we are in the second...

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After yesterday's breakdown price rallied and is now forming a higher low after the reaction. Selling pressure is diminishing at the highs while support is coming in at the bottom, and price is forming a hinge, indicating a possible explosive breakout. On the macro scale we're slightly below the 50% retracement level between yesterday's high and subsequent low,...

moreina Updated 

Price formed a hinge after the the down move yesterday, now it's breaking out towards the upside. Buying in the background as evidenced by the big up bar with good volume prior. Not enough to go long for a position trade, will wait for a possible retest on the dotted line or higher. 3 min chart shows a long placed just before the break out happened.