BFCMInvest

BFCMInvest Updated 

Short analysis for today, nothing interesting happened in the market. But.. Do you recognise this pattern in the crypto market? You do right? Statistically, this pattern (bull-Flag) is considered a bullish pattern. We should break one of the resistance in the next 4/5 hours max. In this case we could go and test the 160$ area again, but we need some decent...

BFCMInvest

Yesterday, Mario Draghi announced a new round of long-term and favorable conditions loans for the banking system. The new series of operations will be launched from September 2019 and will end in March 2021. The operations will be carried out every three months and each will have a two-year maturity. In addition, the ECB has confirmed what analysts had expected...

BFCMInvest

Hi everyone! Litecoin is performing extremely well in this uncertain market: will it be an indicator for reversal or simply a lucky outlier? Let's look together the possibilities! First, I'd love to clarify that LTC is now at the same price it had when BTC broke the 6000$ level and suffered almost a 50% loss. Now bitcoin has difficulty to stay permanently over...

BFCMInvest

Up and Down The price having started going upward to test the resistance placed in area $ 1350 has created a series of sales which brought it back down again, with a retest of the static support located at 1280 $. Both technically and fundamentally the scenario has not changed: the trend remains bullish and would be invalidated in the medium term only if the...

BFCMInvest

Something is moving American index are still in this uptrend that we have exploited in past sessions by positioning ourselves on a long trade. So far, the SP500 price is reaching its resistance area around 2820 points: from here it is very likely that an important retracement can start if the price does not breach this key level and confirm its breakdown. ...

BFCMInvest

Price movementIn In yesterday's session price is returning near a key support zone. In fact, at 0.7144 we find the dynamic support identified by the EMA2O daily, while at 0.7108 is located the 76.8% of the Fibonacci retracement: this area should not yield but, because of the macroeconomic scenario that has been configured, it should bounce the price towards a...

BFCMInvest

Technical side The price touched the resistance area identified by the EMA144 daily at 57.80 and was then rejected up to 54.80 dollars per barrel, where the dynamic support identified by the EMA20 daily is located. If this support zone is not violated during the day, it is probable that the price will move again to 58/60 $. If instead this support should yield...

BFCMInvest Updated 

Dear traders. In this analysis we appositely left in the chart the previous trendlines and targets. We identified as the last resistance the red rectangle in the 160$ area: it was really clear to see that was a key level for Ethereum. And the manipulators did an amazing job this time, here is why: a) They destroyed with incredible power all the resistances, and...

BFCMInvest

Technical Analysis The price is back to test the main dynamic support on daily TF, or the EMA200 periods that passes about 0.68. A few millimeters higher there is another key support, the static one identified by 61.8% of the Fibonacci retracement: a price rebound would make a bullish scenario for investors. Macroeconomic Analysis This scenario is also...

BFCMInvest

As I previously mentioned in the previous analysis (check the related idea!), Ethereum is moving the market up. The good thing is that there is a big chance, this is not over. Last resistance sitting in the 160 area, but I'd bet we will break also that one soon. After that, Ethereum could rally in a short period of time over 200$, and then sitting in the 200$...

BFCMInvest Updated 

Finally some great days for the crypto markets, we didn't see two consecutive weeks without a big dump for a long time. Briefly, what's going on Ethereum right now? As we have seen the bull flag configuration leading to big gains in the past week, should we expect the same behaviour? Well, the two flags are similar, and as you can see they already produced same...

BFCMInvest

Macroeconomical view and the FOMC Technically the support zone placed at 1,127 kept bouncing the price as expected. The fundamental trend did not change and the day before yesterday, after the publication of the FOMC minutes, there were further confirmations: all the participants expressed the need to continue to monitor closely the financial developments of the...

BFCMInvest

Dear traders, Today a short analysis on XLM, stellar. In this rally we only have bullish signals for XLM: 1) Look at the volume which is at its highest level in the last months: people it's back buying this days. 2) Rsi is growing. Expecting a correction now but this is bullish for the med term. 3) EMA200 has been broken twice in the past months: as you can...

BFCMInvest

The price The price is back above the EMA200 on daily time frame after 9 months of downtrend. In fact, since the index has scored new absolute highs above 33000 points, the price has started to fall until the support around 24500 points and from here it has restarted. Technical analysis Technically the price is now above the new dynamic support (identified...

BFCMInvest

The minimum could be set. First bullish sign Just look at the volumes in the December low compared to April and September lows. They are incredibly high: this means that an intense accumulation has been done: the crypto bulls accumulated heavily around the 70$/110$ level. Second bullish sign First times that we trade ABOVE the MA50 on all the timeframes since...

BFCMInvest

The main target As seen on the gold analysis, the price has begun an uptrend that will continue at least in the short/medium term. The very short term target is the resistance identified by the EMA200 weekly and it is set at around $ 17: if the formed support on the 78.6% of the Fibonacci retracement ($ 16.25) should not yield in the case of a retest, within a...

BFCMInvest

After correctly predicting the previous move (), here is another prediction on Bitcoin. The pattern enstablished seems to be a big bull flag against the strong medium term resistance at 3700$. In the past we faced the same pattern ending up not to break it (see yellow Ellipse). In case we don't break it then we will be back at support levels in short period of...

BFCMInvest

Dear traders. In this short article, we will analyse the price of Litecoin during the last months. After 400 days of bearish market, it’s incredibly difficult to see something positive from the charts. In this short analysis I will show you two bullish signs on Litecoin. First point Take a look to the volumes: Starting from November they started to increase...