From Dec 26 post the wedge apex is here as is a powerful Full Moon both marked for tomorrow the 20th.
Nov 9th marked a swing high above the wedge boundary which if redrawn pushes the apex out two weeks.
Be nimble kids
The highlighted red apex is the path likely for BTC in the coming days. The apex is around 6300.
Not a whole lot of trend momentum at all, so more flat-lining to be found (with the slight bearish slant from the slight RSI divergence)
Yawn! Wake me up on a break above the upper black bearish trend line
BTCUSD failed to break above 7.150. The bull run was short-lived. We are back into a demand zone (blue box) that worked multiple times this year. The apex of multiple triangles is closing.
A fair strategy would be to buy at the bottom of the blue box or closer to 6.200 USD - with a stop placed right below 5.900.
If 5.900 is breached, then we should consider shorting.
XRP Ripple looks like its making another, yes another, ABCDE Symmetrical Triangle. This would explain why I couldn't count 5 subwaves for our wave A in the correction. Triangles are 3 - 3 - 3 - 3 - 3 patterns. and then they break out.
We already hit the 0.236 Fibonacci retracment, and I suppose we could be finished and ready to break out. A 0.236 Fibonacci...
No longer a bull pennant but instead a full on ascending triangle. It has found strong resistance at the top trendline of the triangle and needs to close above 8960 for a breakout. We have cut above the psychological resistance of 9,000 a few times now and if we can close above 9,000 and flip 9,000 from resistance to support then I belie the bull run will then...
A quick update we are reaching a pivotal point as we approach the apex of this falling wedge as well as continuing to follow this potential eve bottom quite precisely. You can see here on the 1 day chart we are currently up outside the falling wedge on the current 1 day candle...like the previous 1day candle, it is finding strong resistance at the t line(in...
This chart shows 3 variant apex points.
HOW TO USE THIS CHART:
A. Triangles 1, 2, and 3 can be used to identify potential support and resistance levels.
B. Bolli's serve as good reference point to plot feasibility of intra, day or swing targets, up or down, within 1d ATR.
Is your target within these ranges? Confirm logic before you 100x from price at the edge...
In a recent movement of LTC/BTC, I observed double truncation pattern and double apex pattern(To say 'Double' is may not be a good word in this situation, but is used for emphasize the pattern is repeated.).
In the chart above, Apex pattern was shown after Truncation pattern, and now the LTC is moving towards the 'e' point on the second Apex. As showed in a...
As like as other altcoins, ETC is on a tough price trip. During in few months of declining, the price tried to rise in a while but it soon turn to downtrend again. In this confusion, I have assumed several scenarios for future trend of ETC. And today I suggest a scenario, 'Viewpoint in Apex pattern'.
In this 'Viewpoint in Apex pattern' scenario, ETC is on a 'c'...
As we can see on the chart above ETCBTC is trading within the trading year at 2 year lows. The rapid price increase in BTCUSD has pushed this pair down significantly. We expect ETC growth to outperform BTC growth in the first two quarters of 2018 and recover BTC value.
Mid range my bias toward price of gold is uptrend because confirmation on 12/12/2016 confirm the down trend is over. Now gold is developing triangle or Apex between range @50% fibo ( swing trade setup)