Many try to explain why Bitcoin has been trading sideways for nearly 3 months stuck between 9100 and 13900. The answer may be simpler than we would expect.
Drawing the Fibonacci retracement levels from the December 2017 market top to the December 2018 market bottom we can clearly see that the current consolidation is taking place within the 0.382 - 0.618...
We looked at the Market Cap BTC Dominance (BTC.D) chart recently and noticed a potential top/peak being hit.
This was marked by bearish divergence coming up on both indicators, MACD and RSI, as well as decreasing volume and alts season coming up.
Now, we are seeing BTC.D move and close below EMA10 (72.11) for the second time.
If the last low at 72.00 fails, we...
NEN (XEM) Downward wedge. Which can become a reversal pattern of a downtrend. Everything is on the chart. First goal + 70%. Potential + 300% But also as an option, the price may simply not go further down, but just flat in the same price range with little volatility. For example, this happened with GTO, ZIL. Have a look at related trading ideas. There the price is...
It is looking more and more like the B wave in this last structure is complete and we are actually starting a slower impulse to the 0.293 / 0.299 range. Look to enter this trade with a very good R:R.
Further analysis will be required once we get to that point to see whether or not we are going to continue upwards or fall down again!
XRPBTC has been consolidating for the past 30 days (1D RSI = 47.639, MACD = 0.000) having previously failed in July to cross the 0.00004030 Resistance, which was previously the 1W Support.
The same price behavior has been spotted during the previous cycle. The candle action is identical and as such we have concluded that we are approaching the major Bullish...
Previous forecast on point so far! Refer to related link down below.
Price action is currently completing a small regular / contracting correction which will be followed by an up move to the 10,650 / 10,900 range. After which, we will need to decide whether this is actually a slower & more prolonged start of the bigger impulse to the 12k region....
ETH is at the .618 retracement from the recent highs. The 55 EMA could stop ETH in its tracks. If ETH is able to bust through this resistance level, we should see it consolidate in the 190-210 range before the next move. If we are rejected, be prepared to head back down.
After it seemed like everyone and their grandmothers had capitulated alts into Bitcoin over the last few months, are we finally seeing a reversal? Did I very nearly nail the bottom here? I guess we'll find out.
This video is not financial advice. It's mean for educational and entertainment purposes only.
"In the name of Allah, the Most Gracious, the Most Merciful"
ALGOBTC Bullish Divergence.
Note: This is only for Educational Purpose this is not Investment advice.
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ETHUSD has hit a major trend-line set by the last Lower Low before the Bottom of the 2018 Bear Cycle. This cellular level has proved to be a major trend-shift mechanism through-out 2019 and the start of the new Bull Cycle.
More specifically is has turned into a Resistance twice early in 2019 before the major April bullish break out. The Lower Lows of the 2018...
Price of Bitcoin well supported by 10000 psychological level last week, Coming week i am expecting further upside.
As per wave analysis BTC price action under corrective ABC pattern on short term. I am looking for 11400 level as reversal zone for this pattern
So here are several important things to keep in mind.
1. money flow on 4 hours is going red which implies a certain sell pressure.
2. Most of the high and low timeframe Volume oscillators are turning below ZERO, which also means that sell pressure is back and most likely we are going to see a stop hunt or a sizable dump in the next hours.
Once there is some price action, over the EMA34 this could rise up nicely. Good FA and utility within the token make this a good long term investment but as trading goes this could accumulate Bitcoin nicely via a trade.
Wait for EMA34 to support not resistance.
Hi, Dear friends
ETH is in very good setup for next bull, as you can see, the higher lows setup success, and higher highs break the resistance ~ 190.
RSI for 4H running in overbought region, my prediction is consolidate in 185-190 for a while, next target is ~ 200.
Thanks for your support!