This plot tries to predict a future buy that should happens on June 6th. Time and price are precisely depicted on the plot.
If the settings of the buy get accomplished from now to the 6th, then I will buy and I will close the trade as pointed by the green arrow.
This new experimental strategy is based purely on Fibonacci settings. We will see how good it could...
Dangerously down, BTC just broke a support that shouldn't have been broken, it happened yesterday and the only way to come back to up trend is to return to the up channel within 48hrs ! -Now it only remains 36 hrs. Why ? Because many algorithms trade within 2 daily candles in trend, therefore if in 2 days this is not back into the upline, you could expect a deeper...
I just came to realize that this week we crossed a very important line resistance to scape from the major down channel which I thought it was over.
Of course the price fell down, but as far as price doesn't breaks the red line I have pointed out, I think this pair may remain up.
Trade your plan. Good luck ! :)
Upon my calculations, using the below techniques I'm estimating an important impulsive movement, which likely will be UP direction, and should happens on 05.05.2018.
-ROC crossing MA.
-2 x Fibonacci trend zone. Minimums and maximums appoints both to the same date!
-ESCGO by Lazzy Bear indicators. Helps locating price cycles in time.
I'm happy to announce that bears seems to be loosing power since yesterday. Strong bulling signals are on going ! Everywere.
Fundamentals also match: Rockefellers, and Santander Bank Firm joined Blockchain and Criptocurrencies on Friday.
But the buying signals doesn't regards these news, which is PERFECT ! Because this means there is a lot of bulls compression...
I see that the momentum down is gaining force. Withing 3 days a strong impulsive move down may happens.
I pointed down 2 potential targets, they were set up based on horizontal resistance alone, but, if the second target doesn't hold, the down move may go really really low (aka 3 K USD for instance).
Good luck for every one !
Following the "Via Crucis" of the price, if it falls to red square, it will be confirmation of a Down Trend is still alive.
If it hold at the green square, we are in bull trend.
This should be defined at the end of the week, so Happy Holly Week for everyone !
In the next days this intersection should get resolved.
As it seems we are not anymore in a bubble (arguably I must say), price should go down to a new Fib. channel in up trend, probably up to 0.32 level, before to push up once more.
However, this step is highly sensitive to fundamentals, if fundamentals fails, we may fall back into descending channel to keep...
Upon my Fib. Structures, I estimate price my bounce around 5.5K, but with this strong momentum down, it is very difficult to predict a real bottom. Indicators are not good fitted for this kind of trends.
Good luck !
I think price may touch 55.0 or even 50. The current down trend may take really long time, being optimistic I could think 3 or 4 weeks down. Being a bit more realistic I'm thinking the critoworld will recover in about 6 months. Well, news always surprise ! let's hope for the better.
Good luck to everyone
Not good for Cripto-traders today, I agree that the broken supports of today will take long time (aka 6 months ) before recovering bull impulse again.
Pluse that black ravens of the news are eating day by day the confidence of the bulls in trade.
Good luck to everyone :)
Today ETH/USD is just in the middle of everything, trend line could advice to buy, but I need to see the behavior next week.
By now I just drawn some limits for reference and the records.
Trade your own Analysis.
I have failed to analyze BITUSD using any indicator. Yet I think I found the sense of this pair: Fibonacci ! but not a normal Fib, it is one handled with extensions in INTEGERS: 1.61, 2.61, 3.61 is next ! (I think).
Its growing and strong momentum drives it the biggest movements I've ever seen, and I think also its volatility and credibility may be at stack !...
I think I true correction (Fib. entrancement ut to 31 %) is at is very gates. It is difficult to say where exactly or when exactly the impulsive upwards move will end, but I can smell it is very very near. Probably this weekend the price will fall sharply, but the down trend should continue also over time to accomplish all the Fibonacci structures. Don't ask me...