Using the fibonacci spiral and retracement i find out there's a upcoming swing while price will approach the yellow fibbonaci spiral, If i draw correctly it will be interesting it will happen.. please do share what your thought about this idea and let me know how i draw fibonacci spiral as i am also learning how to draw with it. peace
In 4 hour candle.. interesting where this price action will go... either drop in price action and form H&S and more confirmation for descending triangle to form or continuation of ascending triangle while there's also a possibility to form a rising wedge... or side way between support (5k ) and resistance (5.3k) channel. Hmm.... please share what your thought...
It's seems still moving upward in price though volume is decreasing and it's moving within the potential rising wedge area. or simply just test the resistance and sideways along resistance or fall toward support +-5k. reason is for personally for me is the Stochastic RSI in the moment is able gain it's momentum in order to push the price higher.. RSI and MACD...
On closer look. there's not a signal to confirm to enter a bearish trend. yet.... Macd is already clear it will crossover between buyer and seller line for bearish trend that ready to occur. though it's a great support within 200 EMA + 20 EMA is will be a hard line to break, my indicator is already tell that change of trend will occur at some...
After being rejected by 200 EMA and broke the channel in my previous chart. it's clear a prolonged bear trend is continue + broken trend line that already established since december 2018. using ichimoku cloud Stochastic RSI, RSI and Macd is also continuation of downtrend while ichimoku cloud still not closing in into a bearish cloud/trend yet and...
Bearish Divergence 4h BTC/USD and a similar scenario that occur in not so distant past
i dont to often see btc/usd short chart but in this current time it might be a good idea to have second idea that against majority current market right now, which is bullish.. also the current Macd; seems have positive signal to long. only need a significant buyer volume (or short) to justify good entry to short. and RSI currently neutral. nothing...
Hello, If the price action keep persisting the bull momentum and the bull flag is in play... i think it will come into meet with a high resistance around 6k area and i think there will be a high possibility of retracement into support area provided by 200 EMA to test it's a valid support for continuation of bull momentum (around 5k) ; the reason for me is the all...
it seems already breach the bottom line of descending triangle.. if it's still continue. expect price action to move into supports in short term outlook chart although it seems stochastic RSI still move around the bottom level expect some possible momentum sudden move upward in price action. support #1 : 7000 sat support #2 : 6900 sat support #3 : 6700 sat keep...
i see a symmetrical Triangle in recent price action, undecided which will it go. as far i concern is the volume that is very weak. from the MACD it self i dont know about you but it's not looking so good for eth/btc price in near future but who am i?? i could be wrong.. if you have something to add.. please leave a comment.. thank you...
Hello, this is an update from my previous BTC/USD chart didnt notice a sudden volume spike in less than 2 days resulting into upward price. while the rally still continue, keep in mind BTC/USD still in bearish trends. Ichimoku Cloud (weekly chart): MACD: Stochastic RSI: Possible Scenarios: Resistance #1 : +- $ 5000 Resistance #2 : +- $ 6000 Support...
As the Title said, i think it's move to meet it's next touch point inside the channel around 0.00009 satoshi - 0.00010 satoshi. worst case scenario if it's goes down and break the channel in 0.00009 satoshi potential to go down retest previous hard support around 0.00007 satoshi. hope it doesnt happen.. love to hear your thought about this chart and steem in the...
NEM/BTC have a different story between looking at 4 Hour chart vs 1 Day chart.. this the chart i mention is 4 hour that still undecided which way to go. because it's still no buyer volume to maintain the bullish movement. yet. While i check 1 day chart : - there's still a movement toward downside as MACD is ready to consolidated with buyer/seller line -...
Just a beginner stepping his foot into the forex world. I marked up the charts and wanted to add my 2 cents in on the idea gold has a strong uptrend line of support & resistance thinking it will hit its peak sometime tomorrow or next week tuesday due to the holiday. Correct me if im wrong or add you're 2 cents in ! Thanks guys, may the pips be with you. Happy trading!