Token is relatively new and seems to be going on a nice rise. Expect a slight correction to come. If the coin stays within the range drawn, expect a nice pump up early April, testing higher resistance levels.
Blue arrow shows where BitCoin broke support around 9573 line. Yellow arrow shows old support, now acting like overhead resistance. Red arrow shows short term price target, around 7463.
Compared few charts of dow theory and Wyckoff accumulation phases came up with this. Our fundamental bearish signals can give us confirmation where we are standing there.
BTCUSD Looks like Wave C has officially ended with 5 Sub-Waves + 3 Corrective Waves. We have a 5 Mini-Wave sequence to begin the Bullish Streak. I am expectiong a 50%-61.8% retracement that will happen in 3 Corrective waves. Will update soon. Stay thirsty my friends, -AB
Criteria 1. The upper shadow should be at least two times the length of the body. 2. The real body is at the lower end of the trading range. The color of the body is not important, although a white body should have slightly more bullish implications. 3. There should be no lower shadow, or a very small lower shadow. Signal Enhancements - The longer the upper...
Hammer The market has been in a downtrend, so there is an air of bearishness. The market opens and then sells off sharply. However, the sell-off is abated and the market returns to, or near, its high for the day. The failure of the market to continue the selling reduces the bearish sentiment, and most traders will be uneasy with any bearish positions they might...
BTCUSD We are currently at in the midst of WAVE C of the Correction which is 5 Sub-Waves. The Fibonacci Retracement Level to look for is 1.618. This selling will be intense and brief, hopefully your stop-loss hit so you can profit from the down turn. WACE C TARGET: BTCUSD $8898-$8143 Hold on...its going to be a little bumpy. Count the WAVES. Look for...
Descending Triangle Risk:Reward = 2.5+ CDT is a great project. Currently sitting on strong support that was tested 5 times.
Looking great and a nice level to buy, will reconsider when i see movement
Looking for a bounce on bottom of triangle or white horizontal line. Green box in bottom is the accumulation zone, green box in right is target.
INCNTUSD has bottomed and is at the previous accumulation zone. buyers lurking in this area, market cycle looks like it is restarting
Change the time intervals to see the head and shoulder and see the strong bear signals out of the descending triangle. Expect an increase around 1600 sats and an increase to the last resistance level of 1162
Notice in the 4 hour chart a nice descending triangle. Then on the 2 hour chart you can see a head and shoulder form. There is slight resistance around the most recent low. If the price stays stagnant and the resistance stays, I would buy and expect a nice upward trend. It should be just around the corner.
Recently Digix announced that it was partnering with Maker in order to provide stable coins that are backed by physical gold to users. Could this be a replacement for Tether? Digix has a long history of providing heavy transparency and is one of the longest standing ERC20 tokens on the Ethereum network. This alongside their 2.0 release coming real soon could...
As you can see from the charts BINANCE:EOSBTC begin to downtrend since January obeying the channel 5 Waves counting is coming to an end as confirmed by the RSI If you examine closely, every impulse downward created a lower low in the RSI However the 3rd wave, usually the strongest, created an extreme low point This makes wave 5 extremely difficult to create an...
Potential to buy back at a lower price.
Highlighted potential 4 hour cup and handle setup from the video last night saw some follow through with a break correlating to BTC. BTC holding up a bit stronger on the breakout,but we are seeing the 4 hour EMA 12 and 26 cross. Loss of the current hourly consolidation low will be a short term consolidation red flag giving us a lower high and lower low. Bulls...