After bouncing from the downtrend line, the price dropped to the support zone at 160.00 level. The price action in this zone will show us further market movements.
This zone includes the uptrend line which makes it solid. If the price bounces from the support, the market will be able to move back to the downtrend line. If the price can break this resistance, we...
Well we are here finally! After 140 days of frustration and demoralizing claims for $1000 $500 or even $0, Bitcoin is finally testing the 1W Resistance. The Resistance which before the November sell-off, has been sustaining Bitcoin as a Support above the 5800 level.
How important that test is? Well it's vital. Two reasons:
Firstly because it meets with the MA50...
We're squished between the mean reversion pivot and the weekly 50 MA.
I do believe the previous move was the UTAD of the accumulation range
I am expecting a downward break. Reentry of the 1050 1.25 stdev on the 1h will confirm this.
BTC had a very laggard reaction to the bearish Bitfinex news yesterday and I must be honest the carnage is better than I would have anticipated.
If the Bitcoin bulls can come out of this FUD holding $5k it will be a significant statement as to the resiliency of the bulls.
We have not even started weekly consolidation yet, we would have to break $4,900 to see it....
I wanted to post a TRX update, since I've nailed pretty much every single move for this coin during the last several months. Maybe I can keep it up :P At bottom, you can find the unbelievably accurate TRX charts I've made.
In my last TRX post, I gave possible support areas, and I also explained why the correction would likely be a long one. I was comparing the...
The number of times I've assumed XRP would bounce earlier is a bit embarrassing (I'm not ALWAYS right), but crypto always goes to extremes. It usually corrects to the maximum possible zone, just to freak people out. Likewise, when it pumps, it always pumps higher than most people are expecting.
Anyway, I'm starting to see some buying accumulation going on for...
We can see that strong Resistance at 5766 (trendline and resistance)
That's why bitcoin isn't going up rightnow.
As the same time, we see that RSI is divergence.
We can use fibonacci retracement to see what happen with bitcoin.
With me this time not for LONG. We have to wait until btc is on support (maybe trendline, or fibonacci retracement)
If you have any...
BTC bulls are starting their bounce attempt on the 4 hour time frame, which is keeping daily inside bars intact.
Bulls are still in control of the daily chart as long as EMA12 is support, which will be tested if we see in inside bar bear break.
If bulls control the morning we will likely have to wait until tomorrow for these ranges to break.
It seems that our 3-Drive "sell" Setup works nice by far and market comes to the final target, which is lows between 2nd and 3rd drive.
Daily grabbers that we've mentioned yesterday have the same destination point.
But what will happen next? Well, since upside rally has not bad pace, it is logical to suggest deep retracement, which, in turn,...
I believe XRP can make a new low for 2019 and dip into the $.25 region before we see the next upside push.
This model shows a possible breakout and consolidation within this region, or higher perhaps, follower by a breakout in July-Aug of 2019
This may very well be the last time XRP touched $.25...ever?
If that is the case it the next stop is anyone guess but i...
BITSTAMP:BTCUSD It looks like price action is very similar to May 2014 when bitcoin rose up to previous resistance only to fall hard. With this outlook, we still have at least another year or two before bitcoin is ready to see new highs and we could see a longer accumulation zone under the lows from this year. I don’t think the accumulation zone will last as long...