Bitcoin has had a strong down day today, pretty much hitting consolidation support which is the level which could act as a mini support before hitting the proper support zone below properly. Usually these non official support levels would be disregarded by me but in light of price stopping there, having some compelling reversal candles there before jumping, it ...
My previous analysis i talked about the 6200/6100 needs to hold for the bulls and that anything below the 6600 is bear territory. 10 days have already passed and we are still inside this range. Volume is very low which also confirms the market is not ready yet to choose a side. Alts have possibly made a bottom formation a week ago, but so far still no follow ...
Hi friends! Welcome to this update analysis on Litecoin! Let's get right to it. Looking at the daily chart, you can see that LTC continues to remain inside of the falling wedge pattern (black dashes.) Unlike the triangle on the BTC chart, this IS a falling wedge. You can see how the bottom trendline has a nice slope to the downside, which defines this pattern as a ...
The bitcoin moves inside a large triangle. I showed the standard movement of the downward movement of the pulse-correction-impulse. Soon we will see which bit of continuation trend will show bitcoin. But we are still falling. I also showed, using Fibonacci, the potential targets of falling
Many of you may have forgotten, so let me refresh your memories. The last time I showed everyone a chart pattern that projected a fall to zero was on January 14th, with a chart titled "Will Ripple Crash To ZERO? ... Really" (linked below) That analysis primarily focused on the head and shoulders pattern on the chart, and the sheer size of it. When I analyzed the ...
The chart is self explanatory, as we are expecting price to slowly rally up from the current level to test the other side of the channel where we have our Resistance zone.
We have stop loss level stated on the chart for BUYERS which mean any breakdown below the level will implies huge success for SELLERS and support zones are also indicated down the lines.
RSI ...
USDJPY approaching resistance at 112.17 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 111.28 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
On March 12th, I made a call that ETH (like many others) could fall to zero dollars, based on a huge head and shoulders formation in the analysis. That analysis, titled (Why Ethereum is Poised To Fall At Least 40% By April 18th!) is linked below. As you can see, ETH has fallen a whopping 75% since then. SEVENTY-FIVE PERCENT people!
This is my wake-up call to ...
NZDJPY is approaching its resistance at 74.13(61.8% Fibonacci extension x2, 38.2%, 61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 73.15 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
NZDUSD is approaching our first resistance at 0.6594 (horizontal swing high resistance, 38.2%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.6551 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we ...
GBPJPY is approaching our first resistance at 148.39 (long term descending resistance line, 100% Fibonacci extension, 61.8%, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 145.59 (horizontal pullback support, 38.2%, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance ...
NZDUSD approaching resistance at 0.6619 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse back down to its support at 0.6562 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
GBPUSD reversed off its resistance at 1.3164 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.3065 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
USDJPY is approaching our first resistance at 112.42 (100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 111.17 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and a reaction below ...
AUDJPY is approaching our first resistance at 80.71 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.74 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also ...
There is a very interesting trading opportunity in Bitcoin right now. This was not something I would have necessarily said yesterday, until I saw the last 2 12 hour candles, clearly showing indecision at the resistance zone, whilst finding a brand new support on the 20 moving average which confirms that the short term up trend is UP, whether you like or not, it's ...
