Pretty clear where we are moving from here, short uptick to hit the resistance level and then continuation of the trend until sentiment changes. Recent SEC news is good for crypto, but we still need to work off some of that winter fat, it may take all summer... Short term: Mild Bullish Mid term: Strong Bearish Long term: Bullish
accumulation distribution. Any thoughts? Could you imagine buying a stock with this ADL? Either BTC is going back to 15-20k soon or adl with crypto is worthless.
Since April 2017, Dash has been ranging between btc 0.04 and 0.08 areas. The consolidation continues to this day without any clarity on further direction. According to cycles, the price should have produced a wave down since February, but it has stuck near the btc 0.06. DASH/BTC has attempted to break below the 200 Moving Average but yet, it only producing spikes...
As you know from previous posts, I went long at $6500 after accumulation and took some partial profits. I'm taking full profits right here. I have a small short opened at $8900. I'm looking for a pullback from $7900-$8300 area. My stop is at $9250. Breaking that resistance I would re-evaluate but likely just look for another point to short at a higher price. ...
SELLING TARGET 1 - 2 - 3 - 4
Monaco coin has found the support at 57k satoshis and went sharply up towards 165k. The uptrend failed to continue and the price went all the way down to 57k satoshis area. The consolidation continued, but today Monaco finally broke above the downtrend trendline suggesting the beginning of an uptrend. Fibonacci applied to the corrective waved down after both...
Look carefully how the fibonacci levels are respected. Nice bounces at each of them. And how a huge pump comes after reaching the 0.236 fib level. (Look here for possible outcomes: )
Good afternoon, let's start with the fact that Monday closed negatively for the price, the level of volatility has risen in the last 8 hours, there are also purchases, but the nature of these purchases and the spread is more about a one-time buyer than about stopping dawn trend. We are potentially waiting for test 7500 (an important zone is the middle of the...
BITCOIN is like a short-term stay within $ 200. If BITCOIN drill a strong resistance line of $ 8940, BITCOIN can reach the resistance line up to $ 9470. If BITCOIN break through the previous support line of $ 8470, BITCOIN can go below the 8194 support line. The direction seems to be largely divided by the violet vertical line.
Synereo AMP has been trending downwards since the beginning of the year and has lost 67% to Bitcoin while moving from 7800 satoshi down to 2500 satoshi area. Fibonacci applied to the uptrend trendline breakout point shows that price has reached the downside target, hitting 100% retracement level. Simultaneously, AMP/BTC reached the bottom of the descending...
Syscoin has been one of the strongest coins during the last few months correctional phase. While most coins have been losing to the Bitcoin, Syscon held its' value while the price was ranging between 5k and 7k satoshi. SYS/BTC continues trading above the 200 Moving Average and managed to break above the downtrend trendline. During the past few days, it has been...
Icon has already lost 60% to Bitcoin since it reached the all-time high at 9200 satoshis. The downtrend has been stopped at 161.8% Fibonacci retracement applied to the corrective wave down after the ascending channel breakout. Simultaneously the 327.2% Fibonacci channel trendline has also been rejected at the very same price - 3550 satoshis. This price level...
Ripple has produced a double top near 22k satoshi and corrected down, to 10k satoshis area where it found the support. The support is at 61.8% Fibonacci retracement level, where price spiked below but failed to break it with confidence. Currently, XRP/BTC is forming a triangle pattern, which could lean in the uptrend continuation. Although the consolidation could...
Following the previous idea on ZenCash cryptopost.com , the price has started to grow as expected after rejecting the btc 0.0033 support. The upside potential remains very large, however, to realize it, there is a major resistance that has to be broken first. The resistance is at btc 0.00567, that is confirmed by two Fibonacci retracement levels. If ZenCash will...
We have been due for a pause for a few days now. On the plus side, we've established a few good support levels. The next 12 hours will show which direction we go in as the Asian market begins to trade. If we do see a little more selling off I fully expect for BTC to test the support levels mentioned. Overall, I'm still bullish on BTC.
Day candle break of trend. Need some confirmation of upside movement.. Patiently waiting
One of the strongest coins in the past 2 months has been the chosen one, the Neo. It has a very strong fundamentals, great team working behind it and a huge growth potential in the coming years. While most coins have been struggling during the recent correction, Neo felt strong and even gained against the Bitcoin. The most recent price action shows that Neo...