Morning guys, Indeed, market has made an attempt to climb higher, but was not able to reach our XOP target around 8.3K area and daily retracement (aka B&B "Sell) has started. The minimal target of this retracement is 7K - major 5/8 Fib support level. This level has special role in short-term perspective. Potentially, this level is the one that bulls should...
Morning guys, Market finally has hit our OP target. Last time we've talked about signs that market has to show, if it is really bullish. They were suggesting upside reaction on combination of 5/8 Fib support and OP target. Conversely, no reaction and drop below OP we've agreed to treat as bearish sign. Thus, you could make conclusion by yourself as overall...
Morning folks, BTC gradually is coming to the target that we've specified last week. In fact here we have two major AB-CD's but their targets stand relatively close to each other. Top AB-CD (red letters) has OP target around 8.3K area, slightly below major 5/8 Fib support, while another AB-CD pattern has OP target precisely at the level. This level is very...
Market is down as bull failed to recover from weak consolidation between 9200 and 9600. Since market decides to go down to test major short-term support around 8700, curren price at 8900 should be a intermediate stop on the down path. On chart, Bitcoin failed to break out bearish trendline even though news from China sounds very exciting.
BTC Thesis - Weekly: Last weeks candle closed as a shooting star after rejecting off $9832 weekly zone signalling sellers are trying to push bitcoin price lowers. - Daily: Monday candle closed with a long wick rejection to the downside off $9499 zone signalling seller are ready to push price lower to next likely target $8732. - 1hr: Now waiting for 1more...
Well, well, well... While we were preparing to market reaction on our major 7200$ support area, which is vital for bullish scenario - Mr. Xi has decided to accelerate this and stepped in with revolutionary speech on Friday. As a result BTC has shown immediate reaction on support. It was so fast that we were not in time to make any preparation... At the same...
The price of BTC fell around 12:00 on 22 October. If you touch "Uptrend line drawn at the beginning of 2019" and go up, you will challenge "The downtrend line, which started from a high" around 06:00 on October 25. If you touch "Uptrend line drawn at the beginning of 2019" and make a decline, you will challenge the 100MA intersection of the "Trend line on 4H...
Morning everybody, BTC action is slowed so we had have to wait a bit more, when price will reach our target. Finally it has happened. BTC has completed AB=CD target right at low border of daily flag consolidation. As our daily analysis stands the same - its bearish, and we expect downside breakout and reaching of 6.4-7.2 area, here, on 1H chart we need to watch...
Morning guys, So our last udate setup is done - market has completed retracement to 5/8 Fib support area, forming "222' Buy" pattern and now is the moment of truth, because 8K level is a key to further direction. Downside breakout will significantly diminish chances on upside continuation and, in fact, will mean continuation of major downside trend. While,...
Morning guys, We keep our bearish view in longer-term perspective, watching for two destination points - 7.2K first and potentially 6.4K second. But in short-term context, BTC could show upside pullback. Last week we call to not take shorts by far and wait for pullback as market was oversold on daily chart. Now you can see that indeed, it stands flat. We...
Morning everybody, Well, it is not needed to talk too much. Few days ago we already noticed our doubts on price behavior and that it doesn't correspond to normal price action of bullish market. As we've pormised the breakout of right arm lows of our H&S pattern triggered chain reaction of breakouts, including last major support of 9K area. As a first result...
Morning guys, Actually, we already have done all preparations for possible BTC action, but traditionally we prepare BTC update on Mondays ;) As you can see, you second chance to take long position has worked nice. H&S on hourly chart stands valid. Now if you stand long based either on our 4H H&S pattern or 1H H&S pattern - move stops to breakeven. The price of...
Aced the 4hr - great profit made.
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there are so many reversal point on BTCUSDT 10977 10972 10950 10926 and we have cross on tenkensen and kijunsen btc has to attack this points with sharps but BTC already is above 10722 which mean its going up till touch 11436 we have the global economy faces its biggest crisis in 11 years but a rocky road lies ahead for bitcoiners and noconiers and remember...
Conclusion for today’s USDCAD technical analysis: Price closing below ~1.31783 implies further downside in the USDCAD. USDCAD chart is presented in today’s analysis on the 6 hour timeframe. Focus is mainly paid to chart patterns in the USDCAD that can be used as a guide in understanding future price development. The bullish channel in the USDCAD that lasted over...
This coin is very near to breakout let's see how market doing