Hello followers and other TradingView users!
At the moment we are around our very strong resistance which consists:
1. Round number $6500
2. March low $6533
3. April low $6425
4. ...and now is there also a minor trendline since 7. aug.
To confirm a breakout from this area we need at least a 4h candle close above the $6533 which is March low. Why 4h, because we ...
Currently very patient and waiting for the BTC bulls to prove strength by breaking the double top of resistance.
We just broke a tightening 4 hour pattern bullish, but were unable to see the continuation needed to enter another leg up.
The bears are still in control as long as we are rejecting from daily EMA resistance.
The bulls can still form a 4 hour higher ...
WELCOME TO DACAPITAL TRADING!!
BTCUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
1 HOUR
Strong Bullish reaction at 5900 and formed new H1 Highs
4 HOUR
Market turning in H4, formed new lows and instantly reacted to them and looking for new highs!
LEVELS
BUY BTCUSD @ 6458.50
SL @ 6185.00 (4.2%)
Trendtrading without TP ...
ETH broke the 4 hour equilibrium bullish with BTC, but did not have the momentum to clear the next hurdle of resistance as well.
They now both have double tops to be watching for the rest of the day.
I personally dont like entries on consolidation right now due to the upper wick from daily EMA resistance on BTC but if I were a bull and had to make an entry it ...
As you guys can see there is a possible eliot wave forming. i see xrp going to $0.385.
It depends if bitcoin is going to form a head & shoulders on the 4h chart. (see previous btc/usd chart)
followed by a last free fall to $0.215 as a bottom.
worst case scenario : $0.17
let me know what you guys think.
kind regards.
Hi TradingView Family,
I am going to let this chart sit here and do the talking. I do not think we are in the clear yet for a positive range north of $6,500. i think the next "true" run will be after this movement. Every time we hit the $5,800 number we have always tested and bounced north but each time the positive rebound waves get smaller from Feb, April, ...
As expected 4H formed a Channel Down that has now found support (RSI = 48.008) near the projected first curve shape as it approached the November 02, 2017 low. 1D is now on a critical short term level where if today's 4H Lower High breaks then the price will most likely rise within the 1D Channel Down (RSI = 30.058, MACD = -0.139, Highs/Lows = -0.0860, B/BP = ...
Good morning folks,
I'm sorry to sound so negative in my analysis. I forget sometimes that people have a lot of money and hopes pinned to this market. And they don't like hearing what the charts objectively say but rather they want to hear predictions and lambo calls. I'm sorry but I cannot do that. I want to be honest in this market so you can make money in the ...
I know a lot of people want crypto to pump to new ATH and in my opinion it will, but not just yet. On this chart I will show you what I believe has been going on and what I believe is about to happen. Now, I want all of you to know that these are my opinion, and like everyone else in the trading community I am just trying to make an educated guess and this ...
BTC/USD update:
The market is showing interesting turn up in here as the price tried to break below of $6.000 but managed to recover back above of it which states that the bulls are in control and they are looking to buy these dips.
The price has been ranging in between of 0.236 fibonacci level and $6.000 support level for several days now and hasn't been able to ...
ZRXUSD is showing some signs of bottoming. We are not there yet, but the price level is getting interesting. Like the whole market, it had retracement from almost $2 and is now trading just above trendline which started in April. First resistance is at $0.8, but if market recovers, ZRX should outperform well. RSI is showing signs of recovering, MACD is not there ...
Yesterday and the day before, we see that there was a bullish rally. For those that bought it at that low, great for you especially if you bought VET and ONT (my two long hodl's and accumulating). In any case, I am still on track with my TA. Right now, you can see that there is a h&s forming (see the orange color). I said this at the beginning of the week and I ...
Neo, if you ask me is at a point of where it is good to buy and average down. But first of all, wait for the correction then buy. It seems as if Neo has found an accumulation zone for the next 3 months or so before the bull rally to the moon. This zone also seems to be in a good correction zone before the December-January hype that pushed bitcoin and alts like neo ...
Hi, friends.
After the wide balance went down, we have a directed downward movement.
When does the trend stop? The answer is - "after fixing".
Did the fixing take place on LTC? Yes.
What next - after the fixing a new phase of the balance begins.
And if everything is clear with the potencial lower balance level (area 49.19-51.00), then with the upper balance level ...
Traditionally, as seen historically with broadening descending wedges , we may see a breakout up to the low $7000s soon. These types of moves happen quite often in these patterns, 3 touches of the bottom of the wedge and 3 touches of the top followed by a partial decline before the breakout.
Warning: I am currently in no position, I will wait for further ...
Fibonacci Spiral Analysis.
Chart patterns follow Fibonacci Spirals and gives you ideas on where the price of a security is heading.
If you would like to see this analysis again or would like more information please leave comments.
Notable ...
Hi all, thanks for viewing.
I thought I would post again update my previous post prediction SC will reach support at 0.0000077. That target was slightly overshot but held and we saw a reassuring impulse wave up. That small impulse wave is about to correct now due to:
- Long upside wick indicating rejection of the bears / profit taking.
- Wave 3 isn't the ...
