Hi friends! I just want to give a quick technical argument for why I believe Bitcoin will most likely rally to the top of the downtrend channel, somewhere in the low 4000s. As you can see, each time during the life of this downtrend channel that Bitcoin has consistently traded above the 50 EMA (in orange,) price has rallied to the top of the downtrend channel (in...
WELCOME EVERYBODY come back with XUANHAIMMOER’s analysis for Bitcoin.
It must be very long time I spend my time for watching Crypto market in large picture and today is the update for middle-long term with comparing with 2014.
Do you believe in comparing with history ? Yes or no ? Despite of any answer you see the last time my predict is true and many analysis...
Yesterday (12 hours ago) i showed some thing in my channel, since i did a bit more research, about who these spoofers prob were in this case. You can read it there if you want to see it. That we saw a Bart move happen, is no surprise, since the volume dropped to like 35% of what it was the days before, making it easier again to make these moves.
Anyway, it looks...
I'm not the master of the charts, the professor, the legend, the king... I'm not the guru of Technical Analysis. I can't find chart patterns, like them, in markets where there are no patterns at all. That's why sorry, if this analysis based on a reversal chart pattern like Double Top, is not so wonderful and proper from your or gurus' point of view.
When we talk...
GBPUSD / H1 / Technical Chart
Support and Resistance Strategy
if it will break and close the support channels, it will move fast to targets
wish you many pips
PS: Thank you very much that you support me with your likes and Comments
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
BTCUSD moving in uptrend channel. We touched resistance line of this channel and now probably decline in the range of 3830-3900 there is a support line upward channel. MA100 as well as two strong levels of fibonacci 50%, 61.8%. After that I expect growth in the range of 4200-4300
Confused RSI- oversold
Many charts have been posted expecting a retrace for Bitcoin. Some are expecting a small retrace, like ourselves, while others are expecting a big retrace.
Looking at the chart above, so far there has been NO RETRACE when it comes to Bitcoin (XBTUSD). It just continues holding strong which is great news for the bulls.
Hit LIKE if you want to now... and let's get...
EURAUD is approaching its support at 1.5911 (100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.6016 (horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
Hello guys still on possible BTC correction, I spotted completed CUP formation, I still very much believe we may see potential drop soon before we rise up to break this cup neckline.
If you look at my earlier short call on it since then we have not able to break avove the 78.6% fib level.
Anyway I will be a seller if price still remain under this stubborn fib...
There are two falling logarithmic resistances at play now, which could be important in the coming weeks for determining the reversal point.
The one which is obtained by connecting the ATH top with the point where the last decline started at 6500.
The other one being a not so steep one, connecting the previous smaller tops after ATH with 6500.
I tend to think...
If the pair is able to hold the support at 0.6755 area, it is possible to develop a bullish impulsive structure, this being said, we can try to take a long position with a small size and a stop loss below 0.6755.
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Thank you for support and trade with care!
The last thing BOJ want to do is YEN getting strong.
On daily chart, USDJPY seems still want to move upward to test the resistance zone.
The 4h channel could just confirm that.
110-112 wont be long.
LESS IS MORE!
XRPUSD is approaching our first support at 0.3229 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.3388 (horizontal swing high resistance, 50% fiboancci retracement).
Stochastic (55,5,3) is also approaching support where we might...
NZDJPY is approaching our first support at 75.114 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 75.67 (50% fiboancci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price....
Just some thoughts on the market psychology on bubbles.
Prevailing market sentiment on Booking in 2000:
"No stock can recover from that type of bubble."
"Booking is the new Tulip bubble, they took your money for good."
"Internet companies? The Internet is nice but you can't expect them to be able to make real money."
Prevailing market sentiment on Bitcoin in...
A brief review of the BITCOIN market cycles based on fractals.
We can observe some very interesting characteristics that repeat over time in a very similar way, as for example:
+ The approximate duration of the bullish market.
+ The approximate duration...