With BTC correcting from its ATH, investors are taking profit and entering into the altcoin market. XMR demonstrates a bullish flag formation and is currently breaking out of the descending channel. Target: $328
BTCUSD update: Price is not far from the all time high of 17171 just hours away from the start of today's business on the CBOE. This is when more volume will enter the market and have a more significant effect in either direction. In this report I am going to highlight what to watch for at the two upcoming resistance levels. 17171 and the price range up to 18300...
To those that asked me yesterday, I indicated that if we cross $11,900 (GDAX prices), that would trigger a short-term buy signal from which we could get a range projection target of at least 800 points. As I write this, we are seeing a gain of 1000 points, give or take, and now the question turns to: "how much higher can we go?". BTC' has ignored the overbought...
BTCUSD update: 12K reached as this market is pushing highs as I write. The reversal zone boundary at the 12100 area has also been compromised which is a sign that strength is likely to persist for now. Sure this is historical and will continue to attract more and more attention, which feeds these markets even more (positive feedback loop: google it). The only...
BTCUSD update: This market is poised to push 12k after consolidating for about a half day, as the bullish momentum continues. Price is still within a potential reversal zone, but NOT enough of a reason to short. In my previous report, I wrote about the built in long bias coupled with the freedom from institutions. No one knows what is going to happen when the...
BITFINEX:BTCUSD Topping out at $11,400 - Bitcoin euphoria reached a maximum this week. With a large piercing wick on the weekly candle, we will probably see Bitcoin reverse course a bit in the near term and potentially retest previous highs from the last few months.
I'm new to this so any feedback would be appreciated :). Ascending triangle shape forming that pinches around the previous all time high region. A break out on the upside could see us bull to the 100 mark and beyond gaining more investor attention.
BTCUSD update: Hanging on all time highs of 9400 as I write this. The spot light has switched from ETH back to BTC. Are these markets going up forever? Not in a straight line. This price action is euphoric and is a great place to lock in profit, but not to initiate new positions, even in the face of a 10k possibility. I will explain why. It appears that the news...
ETHUSD update: 483 all time high touched which is just one point higher than the 482 extension target while this market is now consolidating and attempting to break higher. The next target extension is 516 based on the current structure in place. Some people (critics) seem to think I am making up these target numbers. Just to be clear, these extension numbers are...
ETHUSD update: All time high made at the 458.96 level (Bitfinex) while the 437 extension was blown through as bullish momentum continues. Based on current market structure, 482 is the next target. And you wonder, when is the best time to buy? In my previous report I listed levels that I was looking for in order for a possible long. Were any of them reached? The...
ETHUSD update: All time high of 418 reached and not too far from the 437 extension. Since the break beyond the 355 range resistance, this market has been making significant progress as far as attempting to clear the big picture range. Why 437? I will explain. In my previous report, I wrote about the 371 target, and what this market had to do in order to reach the...
Analysis of SPX Consecutive months with and without all time highs..
-Strong breakout out of consolidation area (yellow box) to the upside. -We broke also resistance very clear (around 7,000$). -Next target should be at all time high 7,900$. -But we most likely see consolidation to 7,000$ support levels.
Bitcoin hit ATH not long ago and broke the $6000 psychological area. With a little bit of backtesting we can see that Bitcoin tends to retrace back to previous structure and these areas just so happen to be precise fibonacci levels as seen in the analysis. Broke $3000 -> back to $1850 | 0.5 fib Broke $4990 -> back to $3000 | 0.618 fib So whats next? Well, my...
Major sell offs after BTC exceeded 7k 3 times in a row... BTC is likely to trade below 7k now for a relatively long amount of time (4 days would be a very long time in this situation lol)... Next time BTC exceeds 7k, I'm anticipating it to stay above that level at least till FUD kicks in around the day of the Nov Fork!
BTC has been following the clone uptrend pattern and is getting close to breaking out around 5635 IMO!!! GL GL... Trade at your own risk!
If we can stay in the channel and break above the 5700 resistance line before ~1035 Central Time (UTC -5) and follow that with a break above the 5727 resistance, then we have a great chance to break the BTC consolodation pattern and have a big spike towards a potential all time high!