#WPR just fell into the strong support channel and cannot go much lower. Some accumulation will happen within this channel until spike of volume and break of downtrend line. Indicators primed for a reversal. Targets are blue lines.
#POA just entered the strong support area aka the buy zone. Visible range shows we are in the thick. MACD crossing over and Stoch primed for reversal. Lacking volume but it will come. Wait for a break of the downtrend line. Blue lines are targets.
As I mentioned before, there is a high chance to see a Pan and Handle / Cup and Handle form for CHATBTC chart in the near future. Now, it is even more possible. The handle is almost set, and we are just waiting for the high jump in the next 3-7 days. High volume confirmation at the end of the handle is essential; watch it carefully.
Please see my previews ...
After having finished the ABC correction wave, we may enter in a new impulse wave on the long-term.
The impulse wave I drew thanks to Fib retracement, indicates the different zones where we could find tops and bottoms.
During the next few weeks, bears would dominate the market until we reach the buy zone located between $7826 and $8255. That zone matches the ...
Technical Analysis
The trend line highlights the continuing downtrend. Bears will start taking profits at the key weekly 76.00 S/R level resulting in good opportunities for Long positions. All eyes on Q1 Inflation Expectations from the Reserve Bank of New Zealand on Friday 4th May.
Long Entry at 76.00
Take Profit set for 77.7
S/L at 75.4 below recent lows, ...
An idea: Many times when there is a mass agreement being spoken about by everyone on an exact top or bottom (in this case we're all predicting 7800 for a strong bounce on a 618 fib level), market makers will surprise us by either pushing price below it or bouncing early. The 8000 level is at the bottom of a falling wedge and directly on a 10-month-old support line ...
After the selloff from Korea's UPbit Exchange FUD, combined with the further Mt. Gox whale dump, the Consensus 2018 event has given BTC a very small pop which hasn't seen much follow-through. We can see that Bitcoin initially bounced precisely on the white 50 fib/black 618 fib before getting rejected back down by the black 50 fib and prior structure resistance at ...
Here we are for the update of my previous analysis.
In only one week, we reached the buy zone which match the 50%-61.8%. I draw that zone because we may be in the second wave of Elliot impulse wave theory. The wave two often completes in that zone.
Moreover, a lot of people wanted to spot the real cup&handle, and as you can see, the follow cup&handle could be ...
BTC maintains a decent opportunity here to recover from the current healthy pullback and clear 10k. Bulls need to hold above 9k. Will they pull through? We'll have to see.
BTC is currently bouncing on a 618 fib and prior structure support. If this bounce doesn't hold, we could be looking at an ABC correction here on the 4h to strong support levels right above 9k: 9000 being resistance on the way up now coming in as support along with some prior price structure, multiple fibs, and possible trendline support coming down from the ...
If BTC does cool its jets and pull back soon, we can still look to the 8.3-8.6k region for strong fib/price structure support and a continuation of the Adam & Eve pattern upward. However if it maintains its current momentum and the bulls defend all sell-offs, BTC is looking at 10k and higher sooner than later. Either way, always good to keep probable scenarios in ...
![BTCUSD: [BTC] Forecast on the 4H: Bear Flag Down to Buy Zone](https://s3.tradingview.com/m/meAwEUdB_mid.png "[BTC] Forecast on the 4H: Bear Flag Down to Buy Zone")
