As mentioned in the previous post that BTC price may take some time to consolidate and currently, it is on the consolidation mode after the second bullish leg upwards from $3,550. It is also important that the price consolidate a bit longer time in this area to give room to make healthy throwback (movement downwards) if the price starts to make it and there are...
The pattern is a Channel Down on 1W with the exception of a break-out (fundamental noise) during April - June. The key break-out point is the 4.5000 - 5.0000 Resistance zone. The price action below this level is bearish towards 2.2000, while above its bullish towards 8.0000.
Building on previous chart. Fibonacci downswing retrace is now 78.6%, for the 2019 descending triangle.
Each orange vertical line, shows a CME date that was preceded by a bounce
The price then drops all the way back down to test the lower trendline
Very healthy low volume consolidation last night to set a 4 hour higher low of consolidation.
BTC, ETH, LTC gave nice entries on 5 and 15 min oversold conditions.
LTC and EOS are two names that have already seen clear continuation bull breaks, making them leaders.
The question now is, do BTC and ETH see 4 hour continuation and follow, or are we set for a 4 hour...
This study shows key trading levels using the the Pitchfork tool.
We see some clear patterns from the median lines that create a Channel Up pattern. This pattern's Higher Highs (December 2013 and December 2017) have 0.75 Median difference. If the same scale applies on the Higher Lows we can assume that since the January 2015 Low was made on Median 1, then the...
Always good to review possible long-term trends. Will not go straight to pattern target in April, but this is my Q4 2019 target.
I've been much more active on Twitter (info on profile page) so follow me there for intraday updates. I'm going to publish a price analysis update tomorrow across Top 5 coins (video) here on tradingview. check back for that.
magimuffin here. Never done one of these, but I have been taking TA seriously for almost a year now. Would love to hear your thoughts.
I see this movement as part of a larger elliot wave ABC correction upwards, that has the potential to come back down:
The following potentially support my hypothesis, and are...
Ethereum is in the possible formation of an Inverse H&S. RSI had a brief drop below the 50's line in the last 24 hours and fast turned back to the positive side and is currently having the midline as a great support, demonstrating the balance of forces with little advantage to the bulls.
In the MACD...
. RequestNetwork/Bitcoin 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 45.
. There is a possibility of temporary retracement to suggested support zone (0.00000570 to 0.00000450). if so, traders can set orders based...
Here is my chart showing my indicators which is showing that Bitcoin USD has triggered a long setup, with the targets shown. Once Target 1 is hit, it is wise to put in a break even stop or use money management.
*** Please note that I am not a financial adviser, and this is not trade advice. Educational Purposes Only.
I am really upset about the cryptocurrency market.
I think that 2600 is still on the table. 2600 is an enough value for the market reversal. However if it does not hold 1300 is possible.
If 2600 does not hold the bear market can last more than 1 year more.
I am bored,
Well, I think I have become the absolute bear therefore I thought I should be more positive and concentrate on what can happen in the future when we get rid of this disturbing bear season.
I tried to draw some Elliott waves, of course I am not a professional and my waves can totally be wrong.
If you spot some mistakes please tell me.
ETH needs to fall more for...
Bitcoin's halving is estimated to be sometime around May 2020 and is showing clear support on the 50 sma. The TD sequential is currently a 7 while also holding the sma. I do believe we will see an 8 and would be lucky to see a 9 representing a hard buy as it would show trend exhaustion especially when the VIX is also showing signs of a bottom. The MFI is in the...
history repeats itself, long term is time for crash, dollar so watered down, debt is way to far gone, cryptos will soon see this money rushing in as the dollar loses and smart money starts exiting the markets. give it time.