Yesterday I said that Candle close above $6500 would confirm bullish price action! - and the 7th attempt was successful to break this level in the 1h chart! After the breakout whales push the price back down to $6320 level to sort out tight stop traders and then price quickly pops up our mentioned resistance which was $6650. At the moment we could see on the...
With 5H essentially neutral (STOCH = 52.525, STOCHRSI = 45.918, Highs/Lows = 0) but still inside the 1D Channel Down (RSI = 33.939, MACD = -484.800, BBP = -676.6720), there is nothing further to incorporate to the previos analysis. The 2 session sideways trading projection on that is over, so we should see some divergence starting from today (most likely to...
Hey Crypto Maniacs! We are looking at this great pattern for Bitcoin which was maintained since 2012. We have set a firm trend line which to this date has never been broken. Since year 2014 we have also started looking at a possible uptrend wedge developing which is a bearish long term signal if validated. Current state of Bitcoin is bullish, even though we...
As you can see we recently broke (as expected) to the upside of the falling wedge and then to the downside of the ascending wedge. We now find ourselves trading within a symmetrical triangle pattern. Given these are a continuation pattern and we find ourselves in a clear downtrend; a break to the downside based on the height of the symmetrical triangle - will...
Described on graph.Very similar trend. Bullish
Just Need Volume here and I think we can pull this off. Opened Long at 6200. GL. Wyckoff Accumulation Examples: stockcharts.com d.stockcharts.com i.ytimg.com
Hi guys We are currently looking at a bearish pennant on the 4 hour chart which I think personally will break down and towards target of 6100-5800 For the BULL case we would need a massive rally that would smash through the red ichimoku cloud and CLOSE ABOVE 6900. Until then.. watch this space over the coming days
We left the falling wedge after coming close with the base so a reversal to the start of the wedge is expected which would be 6700 USD price range where if we break 6800 USD resistance we should move to 7k area. Some indicators: Stoch RSI oversold bullish signal Confirmed the falling wedge reversal with the bounce and expected rise to the top Declining volume...
BTC UPDATE 1 HR: We are seeing a fall back down towards 6200 as well as a possible break down to 6K support. The ETH news (bullish info) today is important to the overall cryptosphere, but I feel the longer term bear market sentiment far supersedes that. While we may see the rise to 7K that we have been talking about in the short term, I am not confident enough...
Unless bitcoin starts gaining some important levels highlighted on the chart, I believe we could see new lows and have my main target between 5114-4940, I do see bounces possible at around 5850 and 5460. Looks much better for longs if we are able to break up on 7800 resistance. Trade safe!
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 2018 . Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 10.31% PROFIT!!! The price increase is the result of a recovery in the crypto markets. ***The "Crypto...
I expect a way out of the wedge with a test of the resistance line of the descending channel
After Wednesday's 6,125.7 Bottom formation, yesterday's 1D candle closed on an Engulfing Bullish reversal, managing to turn around 4H (B/BP = 61.2563, Williams = -36.863). This has clearly formed a rebounding Channel Up (yellow lines) that has already found Resistance at 6,700 (Resistance levels on this rebound are noted on the dotted Blue lines). As expected,...
Bitcoin is now showing a 5 swing incomplete sequence to the downside from 02/20/18 peak (11751.36), targeting lower levels. Bitcoin ended the cycle from 02/20/18 peak (11751.36) at the low of 04/01/18 (6419.51) in black wave ((W)). Up from there, it ended the correction to that cycle at the peak of 05/05/18 (9956.99) in black wave ((X)). Below from there, it...
Prior Trend: To qualify as a reversal pattern, there must be a prior trend to reverse. Ideally, the falling wedge will form after an extended downtrend and mark the final low. The pattern usually forms over a 3-6 month period and the preceding downtrend should be at least 3 months old. Upper Resistance Line: It takes at least two reaction highs to form the upper...
Hello traders and investors! In my actions, I have only one goal, I want find the optimal point to open a long-term position. I’m using only the trend strategy and mixing it with indicators like MACD, Histogram and sometimes RSI. Today I want to analyze several charts, 4H, 1D, 3D. Let's start with the fact that the general trend is bearish, you can find...
BTC is still weak Short for now and get ready for bounce. if the 1 meets heavy resistance its pretty sure it will end up going up. if not pay attention on 2 if that stops around 6120 (±5), its big chance for going under 6100. Other wise expect another upcoming big bounce up.
Good Luck all !!