Hourly equilibrium highlighted in the video last night broke bull and forced some shorts to cover with bull buying to new levels.
The support/resistance levels listed here are from the hourly time frame.
Bulls just looking for a 4 hour higher low, and EMA 12 support.
It is fine to not be comfortable bullish but do not fight the trend! People were looking for a...
Crowd Machine (CMCTBTC) just had a very strong breakout today which completely removed EMA10 as a resistance for this altcoin pair.
We are looking at the biggest volume bar ever, and the RSI is the highest and strongest since this altcoin was introduced to Bittrex late June last year (2018).
Now challenging EMA50 (magenta line), CMCTBTC is showing huge profits...
Well here we are, we've tested the swing high target expected from the previous crash pattern.
The weekly 50 MA is liable to provide significant resistance as an institutional benchmark. We've followed all the moves of Bitcoin's previous crash pattern to the letter over the last 15 months. The same mean reversions, respected benchmarks, and even the generations...
Technically a good entry level should be around $1.5:
- The trendline from the bottom start to act as a support
- Fibonacci retracement/golden ratio 62%
- Previously worked strong price level
- The round number $1.50
From a technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research,...
I haven’t been posting as frequently or updating as much. I have many other interests, and some of those have taken hold for a bit (as well as other life responsibilities). However, I’d like to take this opportunity to congratulate myself on my analysis from the last 6 months. This title is a bit of a joke, but in this post, I'd like to highlight both my...
My optimistic prediction of $BTC short-term future and hitting the final bottom. The bottom could be around $1800, the final 5th leg down, before another bull run starts. Getting ready my buy positions around 2500 and below. The alt coins most will likely follow.
PRICE ACTION
The bulls have, without question, been manic over the last month – seemingly blowing through every minor resistance on the recent charts. In almost all cases, bears have been no where to be found. Could it really be true that the bear cycle is over? Have all the bears gone into hibernation for the next 3 years?
If there are any bears left in the...
I made a recent post about my good calls and bad calls, but I want to highlight another one of my bad calls: That the alt market would boom and take more of Bitcoin's dominance. The majority of the market actually expected this, but it has not happened. In fact, Bitcoin dominance has been increasing since it broke out.
What's interesting is that even the alts...
Ethereum successfully broke the downtrend line that was putting pressure on his price since the beginning of april.
The break out happened due to a strong jump in BTC, and unfortunately, ETH didn't follow closely: this could also signify weakness.
To consider this breakout a real bullish signal, we should wait for at least a couple of hourly close above the...
Bitcoin is done moving higher, time for the rest discussed on a couple of my previous posts. But timing entries and exits is critical in order to know when your trade is broken. There is a narrative in the intra-day price action which moves in a series of 7 steps per price cycle, Knowing the rules of each price cycle is critical so you can judge when your...
Hi everyone,
Hope you enjoyed your easter weekend.
After BTC pump, RVN might give us a good opportunity. This is a risky one as market is high unstable.
Setup:
Buy zone 1080-1090 (STRONG support)
Sell zone : 1250 - 1300 - 1350
SL : 990
I'll update this
Please like / follow if you enjoyed this :-)
Keeping It Simple Stupid is the only way to trade in my opinion. So today's obvious level for me is $70.
$70 is almost too perfect! Why?
1. Fib retrace 0.38 drawn from year low.
2. Former resistance becomes new support.
3. 50sma.
4. Middle of rising channel.
Bonuses:
1. Stoch will be back to oversold.
2. AO will be back to buy zone.
Technical analysis:
. AETERNITY/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.003160 to 0.002850). if so, traders can set orders based on Price...
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