A tricky maneuver with a break turned out to be a tricky maneuver. But still after the fall, the price didn't drop below the starting point (someone supports this price position). At present, the indicators 1h and 4h turned into flat. The day continues to go up. By TA, doesn't matter how you turn the charts, lower target remains 5500. Upper target is 6900 It is...
Traders, Here we have BTCUSD on 1D chart. Previously, We have 3 H&S patterns that was rare, but it happened you can check them here below.. Now we have anther H&S forming next few days that will lead us to touch 3k levels it's rare and we are talking about all probabilities that we have in this sensitive bearish control. Note: Point of Control (POC) will...
We posted yesterday on Bitcoin saying that we might see a bearish ascending triangle towards the next stronger support first at 6k area and we did test that support area. For those who shorted with our call at around 6.5k will save there satoshis in big amount. We will update you on the next move in a very short time. Stay Tuned.
The trend remains descending: we returned where the growth began. The level of 6000 stopped the fall again at the moment, now went into the next side-movement, the range of which is 6% of the bitcoin cost. There is a possibility to go to 6900 (it is marked like circle ), but it should be regarded as correction of the fall. On the other hand, the breakthrough of...
Hey crypto traders! These are the structures and levels we should be watching for a reversal!. Do try and time the bottom, wait for confirmation! We need to be very careful since we are nearing the bottom of descending triangle , if we breakout with a daily close to the upside we could very well see a reversal! But on the other hand if we breakdown with a daily...
Keep your eyes on our WAVES call earlier this month. As it was described with a little volume increment Waves is trying to rebound back and break the green falling wedge resistance line. If it can break and close above the red target point this might be taken as a confirmation for our short to mid term targets. Long term hodlers, just stay comfortable and hodl...
After a breakout confirmation on STORJ which was on its ATL as we stated on our August 5 call, it did touch TP 1 on the 23.6% fib level at 7283 sats and reached 7400 sats. A total of 40% profits so far. Another leg up rally is expected after the pull back area and it started already. We will most likely see another rally on the following 4 to 5 days. Those who...
This is absolutely doing very great again and Link is moving exactly as expected. Now it seems there will be a healthy pull back for a correction before another rally upwards. For swing traders our Link call reached 4860 sats so far which is a total of 62%% in just less than 34 hours.
HMQ was in a downward move since May. And currently at the point where its ATL was in Dec, 2017. By the past 3 days a good amount of volume was poured in and a good sign of an upward reversal pattern is in creation. If it can close above the falling wedge resistance line at around 990 there will be a possibility of an upward elliotwaves creation too. RSI looking...
This is absolutely doing very good and Link is moving exactly as expected. RSI is at around 62 and both the 50EMA and 89EMA are below the price. If it can close above the triangle this would be a great upward move to see. For swing traders our yesterday call it reached 4313 sats so far which is a total of 43.76% in just less than 13 hours. Pair :...
After breaking the upper channel of the wedge it has been trading in, Bitcoin has started the retest process, which may be bloody, but is not worth not being in for the second that things turn back around. My chart shows 2 probable scenarios for Bitcoin in the next several months. One scenario has the retest being quite quick and positive as you can see with the...
RSI is currently very oversold on the 4 hour chart. It looks like bitcoin has reached the bottom and a new bull run may be possible over the coming days.
Hello, traders! It must come to you as a surprise that Bitcoin is declining following a "fakeout" (false breakout) from a bull flag. As a matter of fact, I am more surprised that price has managed to stay above $8,000 for so long. Bitcoin was never supposed to hit $8,506 in this round but it did. Maybe the media played a part in it. However, I am more inclined...
Hello guys, Sorry have been busy lately so didn't have the time to post any charts.. So after we sad bye bye to downtrend, we have finished wave 5, it was quite normal to go for retracement and we liquefied before that at 8200-8300(8350 personally). And as we were waiting for this retracement after a 5 wave breakout, we have to see where we will this retracement...
Bitcoin is having some bullish signals but since its pump we have been on a retracement and once again but we just have to find the right support and know when we will be getting out of the wedge and once we get out there is another downward trend we would have to get out from and I think we will be testing it at 6600-6800 USD. So we have three supports, we tested...
I'd say a wash out to 5.5k is most probably, followed by correction back to 6.6k - 7.8k. This is a good place to start stacking buy orders.
So if we follow BTC correction trend from 10k to 5.7K it seems as if it has been forming a falling wedge pattern where we should expect a reversal happening as the downward trend is becoming compressed and a falling wedge reversal pattern indicates that the price should move to the price where it was at the top of the wedge which is 10k value however I would...