The Eliot analysis point out that the reverse of ETH relatively to BTC will be soon because at the moment we are in last 5 wave of wave C. That fact that fifth final wave is triangle might be explained through existing very strong price level which is mirror and confirmed by 4 false breakouts. Besides if there is a triangle at the end of trend it means that...
All waves meet basic rules of Elliot analysis. As price chart display there is double stretching of third wave of the biggest order (green). In this green third wave there is yellow third wave which is also stretch. So on balance at the moment we are in fifth wave of stretch yellow wave.
Hi, today we are going to talk about NEO!
In this chart, we observe an excellent opportunity of buying in the long term (Time Frame: W1). Details are highlighted above.
Thanks for reading, and have good trades.
Good night traders,
Btc is trading on an upside channel on our H4 timeframe (left) and after the strong dump yesterday it has respected once more the bottom of the channal.
On our weekly tf (right) we have 3 dojis in a row showing strong indecision right now.
The idea here is to take advantage for the price when its on the bottom and top of the channel until...
So, what we see there ... new crypto on Kraken. So young, exactly we have only one interesting price on x-lines indicator. Seller do first money on none proffesional buyers. Price will go down and stop only we find better price for big volue purcheses. Like you can see there is some volume in the past after wich price still go down so it was sellers.
Strong short...
Daily chart:
Another attempt of bulls to post a new high has ended up with signal from RSI oscillator of bearish divergence forming, that is one of indirect attributes of probable downward reversal of the trend.
Thus the psychological mark of $6000 for a coin remains too distant to reckon on it shortly. More likely scenario now is development of downward wave...
Daily chart:
As we see upward forecast proves itself entirely and so far there is a feeling, that everything just begins - ADX and RSI indicators reside in the state of strong trend, therefore new upward momentum can be very volatile!
The closest target of bulls seems to be the marks of $5800, $5900, $6000 for a coin. Profit capture may take place at the 6000...
Classic Gartley 222 pattern is about to complete.
Market is at a well respected level of structure in the past.
Short SELL Opportunity at pattern completion.
Reward/Risk = 2.45
Daily chart:
Bitcoin continues moderate growth in direction of the mid-term target of $5719 for a coin (upper Bollinger band). Correcting ADX interferes with more active trading so far.
H4-chart:
We note important local levels of support and resistance at middle (5149) and upper (5322) Bollinger bands. Given active ADX...
Good evening traders, overview on BTC.
H4: The coin is on short term uptrend as we can see on left chart, we have an already confirmed uptrend (3 touches) e therefore we can search for buy oportunities if the price go there again, wait for rejection and then buy.
: Im using LOG CHART and then we can see there is a downtrend confirmed by 3 touches and now we...
Daily chart:
Bitcoin keeps two tendencies simultaneously. Overall - mid-term growth in direction of the upper Bollinger band ($5719 for a coin). Local - accumulation of potential before probable further growth. This is indicated by correction of ADX, that corresponds to absence of trending potential for impulse movement.
Thus trading tactics may be seeking for...
Daily chart:
As we see, from one hand bitcoin keeps mid-term upward potential in direction of the 5719 mark at upper Bollinger band, but from the other hand ADX indicator experiences corrective stage, that indicates an absence of trending pressure. Thus most likely gaining of volumes on current levels will be continued, that may look like flat....
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