XRP has formed a sub-local H&S which indicates a small reversal of this last drop from the .5 cents. It looks like its going to be a WXY correction up that should bring it anywhere between .44 and .455. We are right now on the leg up which will contain a sub (abc) within the XY wave.
I clearly have three reason Bitcoin will be bear market.
1) The price has broken pitch fork's final Support. It could be over sold due to RSI but we must aware that the trend has broken and shifted to bear market. We may see bounce and turn into bull market but I highly doubt that.
2) From Bottom price during 2015 to recent ATH, the price failed to hold 0.786...
Expect some sideways action and highly note that the previous levels will now be resistance! Do not forget about the next support line is a huge possibility based on this years trend!
bitcoin will never go up until price invalidate one last level.other than that keep selling .or trade in the wrong direction
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this not a financial advisor.dont trade according to this chart.
bitcoin is still in abigger correction and correction can take years to form
BTCUSD Testing 6250 Support Again Again,
And forming a Heads & Shoulders on The 4Hr. Chart.
Which is not Looking Good for BTC at The Moment.
Head and Shoulder Formation Indicates Bearish,
If We Break Below 6270 or 6250 Levels Then 6150 Levels Can Be Seen.
We Need Confirmations IF BTC Breaks Below 6250 or Not.
Then Only 6150 Can Be Seen.
Thank You Guys For...
Technical analysis:
. BasicAttentionToken/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend and the RSI downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading...
XRP has been holding its grounds here at around .46 levels for the last 2 weeks or so, but can it bounce up from here? I personally don't think so, we may not be done with this correction and XRP may see prices as low as .10 cents.
Technical analysis:
. POLYMATH/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00072900 to 0.00063240). if so, traders can set orders based on...
long 5 Eth 223.96
looking to increase size
No hard stop, most likely close on break below of the top of the wedge break out unless i get a clearer view on an hourly time frame
The market has has had a nice bounce.
The bounce could be fading out....
Not trying to guess a reversal or what is coming. Playing what is
Looking for long orders for ETH between $140- $160
Ill start scaling into a long just under $160 with the majority of my larger orders in the mid $140's.
For profit taking, Ill be looking at the $220 area to start taking my first bit of profits
Assumption: Bitcoin price is stable or even bullish. If Bitcoin turns bearish again, this trade has to be stopped.
We can observe a "day-level" divergence on ETH price.
Please adjust the leverage and calculate your own the great amount you may lose before starting any trade.
Long (10%)296-302USD
(30%)290-294USD
(40%)280-289USD
We keep 20% position until we confirm...
Hi everyone, i want to mention about some possible scenario(s) fmpov. Firstly, we're in a big triangle ang getting closer to end of this. Frankly, while in ambiguous market price stayed loyal to this triangle so what would be occur from as of now? As you can see diamond pattern is forming and must watch for reaction from this pattern. On the other hand h&s might...
The Bulls of Bitcoin have continued to stall out with small deadcat bounces from my last Published Idea in May.
I anticipate more lower highs and lower lows that have squeezed us down into this 7 month decline from the ATH. Expect to see the price to ride the ATH down trend resistance/support lines into a very large symmetrical triangle that started at the...
Technical analysis:
. MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and...
I'm opening shorts on cardano. Maybe title is not relevant to my thinking, because it's not trend analysis.
I don't like to call it fundamental analysis too, because I don't really believe on fundamentals of crypto markets, but thats just a "guess" and interpreting of situation on BTC and possibility of running ETFs by CBOE.
I strongly believe that CBOE will...
