W1 - Price moving inside channel, Currently the price which is near the top of this channel has bounced from the previous swing high. Bearish divergence is being formed.
H4 - Special cycle completed, we may now expect the price to reach the 38.2% - 50% retrace zone.
Bearish divergence followed by bearish convergence formed. We may now expect a flat correction...
Quick update this morning on XRP. This is playing out as indicate in my previous post on XRP video (Linked Below).
Price has just broken an uptrend line on the 4HR chart. The daily candle forming is indicate it will close below this trend line as well (watch it's closed today).
And the 1HR has a break, close and retest of the trend line playing out right...
We've been on this road since the ATH, but the exact route we would take on the way has been cause for much debate. We had one bull trap at 17.2K, but everything since has been heavy. Even my own forecasts for a momentary sunny trip to the topside of the pitchfork (before more winter) have fallen flat as we just keep slumping to the bottom with greater velocity....
Advanced Pattern formation is emerging on the BTCUSD. I bought on 10k 7500$ is another very good spot to get on the crypto mania. Will see how much it will bleed before break the highs. If not BTC year I believe in will be the ETH year. Good Luck
Hello traders! AUDUSD at this moment is on the TOP of the daily channel! We are in a powerful UP trend now. In order to continue the UP move, we need to see a corrective structure first, and a slow pullback up to 38.20% fib. A trend reversal will be possible at this level only if we get a strong down impuls, based on the DXY strength. Don't jump into the first...
In this chart I have depicted a simple ABC correction that is playing out on ETH. Wave C is currently playing out and will be composed of 5 subwaves, similar to Wave A. We are currently just beginning Wave 3 of 5 for C if my count is correct. Initial targets are posted as horizontal lines and are based on fib retracement levels.
H4 - Triple cycle completed with bearish divergence.
We may now expect double wave correction to the downside and the price to reach the zone of 38.2% - 50% fibo retrace level. Once the double wave correction completes in this zone, we can go long with the breakout of the most recent downtrend line.
Dont get rush to buy BTC/USD. Here my insight, just wait and buyback in deep.
- MACD failed to reverse trend, still in downtrend area
- RSI still in oversell area, no sign will >= 50 in the near future
- Facebook and Instagram not accepted bitcoin related ads.
- Bitcoin lack of features, very slow transferring speed, and high fee compare to another...