It seems like we are testing resistance levels now and if we dont break through we might fall back down and retest support at 7500. if we break the support we have one more support until we have completed our short term 30% correction. Let me know your thoughts.
It’s a fact that trading is not a simple task and need cautious moves especially when it comes to high volatile markets such as developing market structures like cryptocurrency market. Even though such markets seems very risky to predict it’s also a known fact that when you are trading considering different technical analysis studies and fundamental news...
Price movement to the upside was quite strong and pin formed is small; Timing and location of the pin is very good.
First (T1) continuation of (red) sideways is expected and than (T2) possible lower low; could be new ABC move to the downside.
Sure BTT is one of the undermined or else abandoned crypto assets at current situation. It showed it can give a good profits in the future recenetly and surely the team doesn't simply kept sitting. They must be doing a lot of jobs to make it better since it do really have the opportunity to become one of the most highly effective use cases of the...
Bitcoin is exactly heading towards the level we predicted on our last update on a correction. We will update a more detailed look out in short time.
For now MACD and RSI looking very bearish and we might as well go to test the 7000 USD if trend continue as it trending now.
Hope you are enjoying our TA forecasts and that hope you did take all the...
DAX has a nice rally today. Could be the end now, with a pivot point forming on the 4H EMA200.
We are in a downtrend channel, and 11500 is a key level that has to be retested !
Let's see, Powell and the FED announce might push the price higher, so manage your risks
Since we have been asked by many of our followers to give yet another update on BTT here is what the charts are saying.
It seems BTT is still in favor of the bulls and didn't confirm a start of downward trend or correction.
- EMA still below the price which indicates that we are still in an uptrend.
- Trend channel still in progress and didn't...
using the monthly 20 MA or weekly 100 MA (~equivalent), we can watch to see where markets unfold.
Prepare to short the breakdown and take profits quick, the re-short at bull trap retest of the MA breakdown.
It's been 56 days of upwards movement, and I know things cannot go up indefinitely. Getting a satisfying wave count has been difficult, but I'm comfortable with the one you can see here, and I will put my money where my mouth is! As wave 2 was mild, wave 4 will be strong, but most importantly, wave 3 was over extended therefore wave 5 won't have that much thrust...
I've plotted the movements of 2014 and 2015 to what happened in 2018 and up to now (end of May 2019). It seems we moved through these highs and lows much faster than in 2014.
I think at the moment we are completing a leading diagonal which can take us up to 9500ish ... maybe this weekend. After that I do expect a 40% correction in price consistent with what...
Trend line continuations from the first major BTC rush present some early-June disappointments followed closely by mid-June celebrations. The chart stretches intersections based on accumulating them using a simple mode of analysis projected from the graph. For fun and information only.