Nica521

Nica521

In my charts I show how I am anticipating the BCHUSD will have one more pull back to around the $200 mark before it continues its bullish run. Right now its moving between the channel and should do so until around the $200 - $229 USD mark which is the long term weekly trend line.

Nica521

Bitcoin last night hit a critical level of resistance at $4480 which happens to be the right side of a crown on the daily charts. The next FIB abcd move down from the crown looks like its in play and we may see a re-test of the $4480 resistance level today. If it does re-test the $4480 it MUST close with a strong bullish candle to be confirmation of its next leg...

Nica521

BITCOIN hit its FIB extension limit of $3931, however it continued past to finally form a new A-B boundary at $4480. After it forms a new high, the rule (taught to me by a trading yoda) is that 90% of the time it will come back to the 38.2% of the FIB retracement @$3467. At that point we did see a pull back, however it did not touch the 38.2% FIB level, and...

Nica521

Currently ETHUSD is in an AB extension to the D target of $466.33USD. Looking at the sub AB retracement (a=$136.12 and b = $258USD) it has made a 0.618 retracement to $182.68USD. It broke the counter trend line on Aug 08 to begin its extension to the capital D $466.33, however its about to hit its sub d target at $332.32USD. At this point expect a pull back as...

Nica521

I have had a few people request an update on my analysis of bitcoin since the last on July 17. Just to recap in my previous analysis I actually expected bitcoin to continue its downward movement to the weekly support level of 1355, however around July 15 2017 it hit the 0.50 of the AB Fib retracement (C= $1825USD) to begin its rally to the the 0.618 D extension...

Nica521 Updated 

BTCUSD fell to the 1926USD limit as I described in my earlier posts. It has started a new FIB wave and consequently I expect over the next few days it will pull back up to around 2300 - 2400USD before it continues the fall to the weekly support level around $1355. It may even extend down as far as $1235.

Nica521

BTCUSD is now on its way to 1926USD. It has broken the inner trend line and heading down to 1926USD. From here profit will be taken as it rebounds back to the counter trend line(oranage). From here it will then continue down to the weekly support around 1326 - 1355.

Nica521

I use a method of analysis using the Fibonacci re-tracement where I mark out the lowest low to the next highest high (for an up trend), which then becomes the FIB range to work within (A - B) . In order for this FIB range (A - B) to be valid, we need to have the highs of two candles lower on either side of the highest high. Depending on where the market falls to...

Nica521 Updated 

I use a method of analysis using the Fibonacci re-tracement where I market out the lowest low to the next highest high (for an up trend), which then becomes the FIB range to work within (A - B) . In order for this FIB range (A - B) to be valid, we need to have the highs of two candles lower on either side of the highest high. Depending on where the market falls to...

Nica521

Last week I said that BITCOIN was going to fall and it did, based on the signals I was seeing with candle formations on the daily and 4hr charts. As I expected it broke the inner trend line, and I expect it to continue to fall until it hits around the 1355 mark, at which point it will hit a support level missed on the weekly chart, and then the next rally will...

Nica521

I believe I see a head and shoulders/kings crown formation on the weekly of the GBPNZD. I am going long from 1.9617 with a stop at 1.92196. Limiting out at 2.1406 Any thoughts on this?

Nica521

Touching the backside of the up trend line. If it fails it will head down to 1.618. If it penetrates the trend line it should continue bullish to the downtrend line - there is a missed pivot at 2.0105 and a weekly pivot at 2.0115 which it may want to hit if it penetrates the uptend line. Looking for crown/head and shoulder formation on smaller TF for possible...

Nica521

Please disregard this chart and look at - this chart has incorrect fib levels.