Horrorcoder

Horrorcoder

Closing a weekly with a bearish engulfing is not very nice for BTC, hope this not unfold 2017 style

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About 4 years ago bitcoin started the new bullish cycle and right now we are at the same point with a similar pattern As showed in the 2015 chart the SMA50 and SMA200 weekly are containing and compressing the price, and right now we are about to test the SMA50 arount 5700$ If the pattern repeat there will be a rejection from the SMA50 and a decline that will...

Horrorcoder

About 4 years ago there was the start of a new bullish trend and right now we are at the same point with a similar pattern. Simply speaking the SMA 50 and 200 on weekly chart are acting as strong delimiter gradually compressing the price, we have basically the same setup and are approaching the SMA50 around 5700$ There's a good probability that the sma50 reject...

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Trying to identify located trade entry and stop loss points around major fibonacci pivots like 38.2%, 61.8% and 78.2% Draw a main trend pitchfork and reversal pitchfork in order to define potential support and confluence areas. Main trend pitchfork have extended fibo lines, those serve as supports and interesting areas when crossed with the reversal pitchfork....

Horrorcoder

Analysis of two different strategies put together (volatility and pickfork+fibo retracement) in order to look for confluent signals LOD on 4Hr chart is about 200 and seems giving some indication, that last wick just touched the lower band of 50 period and even if it bounced back overall we are still into the LOD, we could consider this a lateral mean reversion...

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Those days we had a nice series of higher low and after the double bottom price nicely raised of +20% anyway we are into a bearish rising wedge and approaching to the tight section so the breakout is imminent Moreover the breakout could happen near the top of the main downtrend channel, the bearish trend we are into from months. In this setup I'm noticing few...

Horrorcoder

In those last days BTC price is squeezing in a perfect symmetrical triangle and can be broken anytime, we are sitting perfectly on the weekly support (blue line) and as I draw before in the green box this is a zone of possible strong buy activity right now and in the near future On the 4hr the exponential resistance continue to reject the price and volume are...

Horrorcoder

Going against the general bearish trend BNB is the dark horse in those weeks with a +20% in 4 days Apart the discount-fee use on Binance exchange there are a few other good fundamental reasons for this success, but after breaking the ATH no one knows where the price is heading For sure is going to see some kind of retracement. Looking the daily chart the RSI is...

Horrorcoder

In the last analysis I've traced a zone around 7200-7600$ as a confluence area and the price actually stationed here for some time. This price level is important because if it fails to act as support, price could retest the lower triangle trendline and the daily support @6900-7000$ or go even lower for a possible triple bottom pattern @6400-6500$. This is what I...

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A little late with publishing this TA but is still fully ongoing It seems that most expected an immediate bounce after the Consensus Summit 2018 but this didn't happen, e From a fundamental stanpoint there are mostly good news but we lack volume and big investors Some hours ago price broke a daily support @8240, entered in a bearish scenario and confirming the...

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Hello all, after 2 weeks of holidays in back in the crypto world! Steem is showing a possible cup&handle formation, An healthy retracement followed the strong uptrend happened in during April, in this scenario the impulsive 5 waves and ABC correction are clearly visible. On the daily chart supports match well with the fibonacci retracement, the price actually sit...

Horrorcoder

Ontology is one of the many projects I'm looking for. After the launch price steadily rised for more than a month and now there is a possible correction going on In that case is interesting notice how elliott waves and subpatterns fit into the chart; after a 5 impulsive waves went overbought and the retracement started Now, ONT have a really bullish trend and...

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A possible bearish scenario for BTC could be a retracement around 8400-8300$ We are now sitting on a support visible on H4 timeline and another pullback could lead down to the next daily support at the price mentioned about, this match also the 0.5fib and the 200 SMA line is just above usually acting as a strong support. On the daily timeline MACD is crossing,...

Horrorcoder

The daily chart shows a validated bat pattern and a hypothesis of a butterfly pattern with C and D point on the resistance/support already traced. On the 1H there is a rising wedge almost and the end, touching the D1 resistance and with lowering volumes, this could reinforce a possible change of trend. This could lead to a downtrend around 6900-7400$, and this...

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#NANO is one altcoin that remained almost static those days of btc sidetracking. A lot of FUD about Bitgrail hack took down the price but remain still a good project and the Nano foundation recently announced a legal fund for the users involved in the hack ( medium.com ) The price retraced about -59% and the RSI got oversold. MACD crossed a couple of days ago and...

Horrorcoder

NANOBTC (mid-term) #NANO is one altcoin that remained almost static those days of btc sidetracking. A lot of FUD about Bitgrail hack took down the price but remain still a good project and the Nano foundation recently announced a legal fund for the users involved in the hack ( medium.com ) The price retraced about -59% and the RSI got oversold. MACD crossed a...

Horrorcoder

First time tracing an Elliott wave and the possible correction

Horrorcoder

Trying to do some simple TA, there's should be a slight uptrend for the next 20-30 hours