x45lu

x45lu

Hello Traders, As you remember from my previous analysis, I mentioned that $9300 would act as heavy resistance and would pull back to somewhere around $8100-$8500. As you can see in the 4 hour chart, Bitcoin had good bounce at 50% retracement level ($8256) and looking to contest $9300. Currently, Bitcoin is contesting EMA20 resistance, and if Bitcoin manages...

x45lu Updated 

Hello Traders, ICON is a decentralized network that allows different blockchains to transact with one another without any third party. I think this is brilliant and see good future in this project. ICON is a coin that follows very closely to fibonacci pattern. Here is how I trade ICXBTC: Entry: 35000-36000 is a good buy zone (it may go lower depending on how...

x45lu

Hello Traders, Looking at the 4 hour chart, we see that Bitcoin 1.80% found $8800 as a good support (green line). Now, where are we heading? Our ultimate target for next few weeks is to break ultimate resistance at $11680. As you can see from the chart, Bitcoin 1.80% contested this resistance more than 6 times in last 40 days and it always ended up failed...

x45lu

Hello Traders, Looking at the 4 hour chart, we see that inverse head and shoulder pattern is taking place for Cardano (ADABTC). I would expect it to dip and find EMA50 line as a new support. Good entry point is around 2200-2300 satoshi range. Cardano is a very promising project and tackles many problems in blockchain technology. If you are short-term...

x45lu

Hello Traders, Looking at the 4 hour chart for Ripple, we see that bull flag is forming. RSI indicates that there is still a plenty room to grow. Here is my strategy to trade ripple in next few weeks (as long as there is no negative news in crypto-market): Entry: 70-72 cents First target: around 82 cents (EMA200 and orange line resistance) Second target:...

x45lu Updated 

Hello Traders, Tron (TRX) is looking to break out. (Confirmation 417 Satoshi) The main-net beta will be released at the end of this month. Here is how I am going to trade Tron for next few days: Buy: 415-420 Satoshi Sell 1: 25% of you buying @450 Satoshi Sell 2: 50% of remaining @520 Satoshi Sell 3: 100% @620 Satoshi Looking at RSI, it is close to the...

x45lu

Hello Traders, After the huge recovery from yesterday, Bitcoin is currently contesting downward trend line (purple line), red-line resistance, as well as EMA 50 resistance. Similar situation actually happened on March 12, 2018, and I expect it to fail this time around. Most likely scenario is that Bitcoin will pull back to $8150-$8200 (EMA20) first to find its...

x45lu Updated 

Hello Traders, Looking at the chart, we see that Bitcoin just broke downward trend line and EMA 20. We also see RSI/MACD convergence, which is very bullish/reversal signal. Previously, I mentioned the formation of inverse head and shoulder, and some people criticised my prediction. I just do not know how much I need to stress that Bitcoin will not reach $6000...

x45lu

Hello Traders, From my previous analysis, I have constantly mentioned that Bitcoin will not reach $6000. Now we have a huge Bitcoin recovery, it seems like it is forming inverse head and shoulder pattern. Looking at the chart, we see that Bitcoin is contesting EMA20 and down trendline simultaneously. If Bitcoin can surpasses those 2 resistant lines, it is...

x45lu

Hello Traders, Welcome to my new update on Bitcoin. After the bounce at 7700 yesterday, Bitcoin have tried few times to break $8400 resistance level and they all ended up failure. However, every time bear was under control, Bitcoin quickly recovers, and it is contesting $8400 yet again. (blue and orange circle: very interesting repetition) Looking at 15 mins...

x45lu

Hello Traders, Ripple has suffered quite a lot recently (lawsuits) despite the fact that they are making partnership with banks almost every week. It is important to note that Asian banks are already implementing Xrapid technology, and Japan will release First consumer based app (MoneyTap) late this year. I am very bullish on Ripple and there are still enormous...

x45lu Updated 

Hello Traders, If you read my last analysis, I predicted that $7700 would act as an ultimate support for Bitcoin. And guess what happened!??? It bounced exactly around that range ($7707). I want to point out that we start to see RSI/MACD convergence, which is an indication for the trend reversal. If there is no more negative news, Bitcoin will first contest...

x45lu Updated 

Welcome to another analysis of daily Bitcoin chart. Looking at the chart, it is clear that there is another bear flag is forming and it will test logrithmic support line in next few hours. This will be an ultimate support line for Bitcoin, and failure to bounce back from this line will send Bitcoin to $6000 or even lower. Although Bitcoin is dropping in last few...

x45lu Updated 

After Bitcoin failed to pass through 50 EMA (orange circle), it seems like Bitcoin is trying to find downward trend line (blue circle) as a support again. It seems like this donwward trend line is acting very strong support and it will contest 50 EMA again within 12 hours. If Bitcoin does not surpass 50 EMA, it will likely to contest 8500-8700 again. Other than...