In the time frame of our daily, we see that the market is suffering. Of course it will not last long. After a retracement of up to 62% Fibonacci, the upside or downtrend will take place over the next few days. My personal experience says that if the MACD signal line was cut above zero to the top of the MACD, we would certainly see a rise in the price of bitcoin to...
What Are Fracktals? Based on Wikipedia definition:"Fractals are typically self-similar patterns, where self-similar means they are "the same from near as from far".Fractals may be exactly the same at every scale, or they may be nearly the same at different scales.The definition of fractal goes beyond self-similarity per se to exclude trivial self-similarity and...
BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD SAme basic structure as the Last BTCUSD idea, this is just a modification of the CD roadmap 1.Levels computed on- 1hr kumo cloud(representing 26hrs resistance bands) , traditional 45min pivot system, fibonacci levels of the XA n BC legs of the cypher 2.The PRZ is marked by 0.786XA 3.The bearish reversal to go in...
Based on Price movement prior to entering the channel, and movement after breaking from the channel. The price range in the blue box also happens to be around the 225 day MA. If we can't hold that, more support is at 8200. Happy Trading. -SJ
BTCUSD now in correction mode. we got a corrective impulse from 5,900 to 11,774. And we also got ABC correction for that impulse. Which means the price will go up further. Expected bull target between 15,000-16,000.
We've got a Head & Shoulders pattern completed (it is cleaner on the H4 but I've charted on daily to show the ABC correction as well). Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological resistance level. Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now...
Hi traders, Crypto currency.... BTCUSD! Since people are all over in my ear about it, I'll drop my first analysis on this subject. As we easily all see, BTCUSD had a super good momentum going for it crashing the 10K easily and wick quickly over 11K within the same day. When I look over the last correction this pair, it lasted 4 days and had an even greater...