Elon Musk, Cathy Wood, Jack Dorsey, are all very notable names, however, they still do not have the capabilities of pulling BTC out of a bear market on video conference alone. A crash is necessary and inevitable, what you see is temporary, and this pump is only going to be short-lived.
#XEM/BTC TA Update:-
#XEM currently trading at 590 Satoshi.
This is very strong support level.
I can expect #XEM can bounce from here.
If price sustain above this level then good for long entry.
And any candle close below red line then we can exit.
Entry:- 570-590 Satoshi
Targets:- 848/1139/1600/2102/2824 sat
Stop loss:- if any daily candle close below...
Clear and simple:
- Bounced from local resistance two times.
- Bounced from RSI resistance trendline.
- Stochastic RSI shows overbought.
- It's monday tomorrow, and we all know BTC likes to move at the beginning of the week.
- Trade is invalid if the price breaks above 33k resistance creating higher-high at 1H chart.
+ BTC further price correction could trigger...
With a lot of altcoins reaching new ATLs every month, we now might be able to look for a bottom. Steem is giving us a good example of RSI and MACD bullish divergence which is also vidible on 1D timeframe. Short term the price should reach at least top of the falling channel, but it also could signal trend reversal and possible bullrun, and not only for Steem but...
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XRP appears to be at the beginning of the third Elliott wave. If this count is correct, then it could go up to 0.70 – 0.80 in the first intermediate wave. Within this first wave, the first and second minor waves may already be complete. I have estimated the targets for the third, fourth and the fifth waves as shown below:
Wave 3 = 2.618 * wave 1
Wave 4: 38%...
World's 46th ranked cryptocurrency Waves is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon.
Lets have a look on the Waves price action's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci...
ADA has put in a very nice low at the 0.5 fib, completing the wave 4.
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XMRUSD 1H UPDATE - 18/04/2018
Monero is following the path. After reaching yellow box as per yesterday chart, it turned down. The proposed structure is a FLAT from 202.51 to 192.44. So as long as below 205.60, view is unchanged. Although I would not sell here I expect a new leg below 188.15 to equal leg area at 185.30-181.18 where we should see at least a bounce...