#BTC An alternative market development scenario might look like this: if the price is lowered to 4000, then the majority will believe in further draining to the supports of 3600 and 3200, maybe we will see an increasing number of shorts. But as a rule, the market often knocks out stops or does not reach the expected levels, so in this situation the price may turn...
#BTC Market behavior is pushing for alarming conclusions. At the moment, an important milestone is the support of 6200, the breakdown of which can easily send the price to test a much more important mark 6000, after which a 6000-6200 corridor may arise for several days and further downward follow. Large exchanges can now with all their forces keep the price, maybe...
#BTC 1d More and more clamped in the corner of the triangle, as you can see the resistance of the downward trend could not be overcome. The formation of yesterday's red candle may indicate the market’s desire to go to the lower edge of the triangle, besides, overbought in Stoch RSI is visible, but the upward character of RSI and MACD leaves a chance to break the...
#BTC Bitcoin is still under strong resistance, it is extremely difficult to determine the unambiguous scenario at the moment: the market has a good potential to break the downtrend and step higher, but at the same time, a breakdown of support will most likely send the price down. The protracted lateral course of recent months is getting closer to its logical...
#XRP Regarding the Ripple / Bitcoin pair, we should expect a test of support at about 7200, and in the case of its intensive breakdown, the level of 6800 will be able to stop the market decline. In the short term, we can rise slightly, but the 8900 level looks like the beginning of a dense resistance range, which is extremely unlikely to be overcome, if this...
#EOS We form a triangle, we can continue to move inside its faces. At the moment, there is an upward wedge with a strong resistance from above, to break through that little chance, but if this happens, then we will test the upper side of the triangle, the breakdown of which will enable a more bullish scenario. Most likely we will go below and continue the movement...
#BTC The market continues to follow the scenario, which we voiced earlier. We all have the same dense resistance and we have more and more chances to go down. The price continues to be inside the triangle, its upper edge can be broken, but probably it will be a false breakdown with a further decline (bull trap). The formed local resistance at this stage looks very...
#BTC 30min On a small scale, you can see the possibility of a rollback of the last growth: if local support does not keep market pressure, then we will decrease to levels of 6000 and possibly 5880. If the asset manages to enter the resistance range, which at the moment looks like a pretty strong barrier, its upper edge (6640) will make it possible to grow to higher levels.
It's dangerous to be in alts, until Bitcoin has decided on the direction of the move, a recommendation to close all active short-term and medium-term deals. You can only keep long-term assets that have been severely declined.
On a 1-day scale, the market is too oversold: Stoch RSI has pushed its lower limit and is already starting to rebound, RSI in the oversold area, where it can also unfold. Below meets tight support near the level of Fin 0.786, within the cost of 4800-5000, but to decrease further to these levels without a visible correction of the fall (rebound or flat), the market...
#BTC 3d If we consider variants of similar fractals, then looking at the BTC chart starting from 2013, you can see that there is a chance to repeat the move in the yellow rectangle. This scenario was published as early as April 22nd, and by the current moment the market follows this analysis.
#BTC On a close examination, it is possible that the price of Bitcoin remains within the levels of Fib 0.618-0.786. Now we can very long oscillate around the level of 8200 and below, forming a flat (lateral movement). But against this background, the lion's share of the alts should show positive trading opportunities, the quieter the BTC movements, the more...
#ETH Ethereum at current levels looks very good for long-term purchases, but in the short term, before building a new wave of growth, the market can survive lower (we have already seen such behavior of prices among crypto-currency assets). The possibility of plum before the beginning of growth is due to manipulative influences from the major players, no one will...
SPX appears to be setting up to move higher in the short term. I remain intermediate term bearish, but several important supports were held this week even with consecutive down days in the market. Volume was robust, and recent market leaders showed strength, especially in to the close.We broke above falling trend line resistance at the beginning of the week and...
there's financial reports in 35 min. so be careful it !
It doesn't get much easier than this, USDCAD just broke and retested lower trend line & demand zone with tons of space to the downside. I'll be looking to enter once 1.31000 (psychological level) breaks again, with long term targets toward 1.25000 (approx 600 pips). However I'm being cautious with this though, because price could also just bounce off demand &...