Yesterday we got a little bounce from BTC almost to the mentioned level $3,500 ($3,486) but nothing more than that.
After the second touch above the $3,480 the price came down and it found a support from the blue trendline which is pulled from 2. December and the second touch is on the image (wick to wick).
The price got a rejection and this rejection ended ...
ETHUSD reversed off our first resistance at 94.21 (50% Fibonacci retracement , horizontal swing high resistance) where a further drop might occur below this level pushing price to our major support at 85.85 (61.8% fibonacci extension , horizontal swing low support).
RSI (21) has reversed off resistance and we might see a corresponding drop in price.
LTCUSD is approaching our first support at 23.09 (61.8% Fibonacci extension , horizontal swing low support) where a strong bounce might occur above this level pushing price to our major resistance at 27.71 (61.8% fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance).
Stochastic (89,5,3) is approaching our support and we might see a ...
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is ...
"The main purpose of the stock market is to make fools of as many men as possible."
If Bitcoin were around 100 years ago Baruch would have been more broad with his quote. Nevertheless it is apt to all markets.
Before the last selloff there was much buzz on the Discords about a big move coming in Bitcoin. I do not subscribe to any of these ...
We will review Bitcoin on a Daily chart view.
Let's turn back a bit on 14th of November where we saw the last biggest Sell-Off on Bitcoin.Market proved a lot of weak hands still standing there and waiting for growth... but eventually turned out that FUD/Whales and Weak Hands got us, where we are at the moment.
Standing in the middle of K(NO)W ...
We had a little bit of selling momentum later in the market on Wednesday, but price came right back to the ascending trend-line, therefore short term we are bullish, and if the market continues to rally we have our first resistance zone between YH and R1 (845-872), in the other hand if we have some selling pressure i will expect the S2 zone ( 651-671) to be a ...
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ETH/USD broke down from this bearish pennant / asymmetrical triangle earlier today and looks poised for another 10% + drop.
I anticipate ETH will make new yearly lows over the coming days, and as we approach the new year.
I'm currently in a leveraged short position on ETH that I'm gradually taking profit on as price continues to drop further and further, ...
This is how this pattern is typically played out.
Stop at the point this pattern becomes invalidated.
Entry once price shows acceptance below.
First area of support, risk off.
Trailing stop to second area of support.
I view these large candles (circled) at the neckline as an indicator for a stronger follow through.
The thought is that such a rejection is ...