MACD is pushing up but the real story here is the yellow short-term moving average line that has been above the slightly slower (orange) MA for the past few months despite no real price movement. This suggests XRP is like a tightly coiled spring. Don't blink or you might miss explosive price action coming to this market soon. It will only need 1 or 2 positive...
Whichever way you slice it, Ethereum is in a very good position for strong continuation in June. MACD is up. RSI is still moderate (not overbought). Short-term Moving Averages point up. And price just closed about the Ichimoku Cloud with a tinken-san kijun-san cross-over pointing up. Next major resistance level is 30% above current price. Will we get there...
Hello all, Happy Monday I hope you're doing great! Today is Monday and I will try to cover the bitcoin's analysis for 7 days ahead. Bitcoin, Just like what I've posted earlier in my previous idea about the contracting triangle is still looking good and still in play as well. The price is still trending inside this triangle since the beginning of the month....
Hello all, welcome back to the daily analysis about bitcoin. This time I will share my overview of current market condition based on the 4 hour chart. Continuing my yesterday's analysis about bitcoin, This time I will share to you about the Flag correction pattern which usually occurs in the 4th wave after parabolic moves. I will try to explain the psychology...
Higher time-frames show Cardano is gearing up for the bull run. 4 hour chart shows some profit taking as of right now. We expect this to settle soon, ready for continuation to the upside. Not trading advice of course.
BTC.D remains compelling as the bulls and bears battle over bitcoin maximalism vs a new epic altcoin bull run. If BTC can get ahead, it will trigger a surge of altcoin selling as the market floods bitcoin and fulfils the maximalist dream. It altcoins as a whole maintain higher % gains than BTCUSD, then BTC.D will weaken, drop back away from the current major...
Hello all, here I want to give you an update about bitcoin's move and analysis. First, I want to cover the Elliot wave perspective that I combine with the fibonacci extention number. From this perspective, I find that there is a possibility for 1 more wave going up with the target of the 1.618 fibonacci extention from the measurement of the wave 1 and the wave 2...
Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. A continued trend has now been showing some bearish biased structure. Which is very promising to retest 6.6k price level. The price failed many times to go beyond 10k and 2020 may price has been...
I am focusing on the 4H time-frame this time as we have an emerging Death Cross (MA50 crossing below the MA200) taking place. This brings me back to February after the $10500 top, which also printed a Death Cross that made a new Low after. Of course I will not count in the equation the March 12 collapse, which as I've mentioned on numerous occasions it was caused...
A quick update analysis on the Enjin here, a nicely potential pattern has formed up for this coins. For short term, I'll expect some retracement potentially to .5 fibonacci retracement which is the confluence area for potential support where the handle pattern looks like to ends up. The next set up for a trade is when we see any break out or rejection at those...
Hello all, here is the analysis of bitcoin's for short term. Today I will try to cover the movement from the lower time frame of bitcoin. That is the 4 hours chart that I've applied. Every time we want to look for a break out, there will always be a crucial trend line that could drive the price. Based on this chart, there are 2 crucial trend line that could be...
Choppy markets (like choppy seas) is where the majority of traders see their account eroded, dollar by dollar... scrambling to make up for lost opportunity and lost funds... only to get chewed up and spat out by the Whales who rule the ocean. Zoom out to the weekly chart right now on bitcoin and see the tidal wave forming that may come crashing down. Look at...
Hello all, this time I'll cover one of my portfolio which is my favorite coins for long term hold. The coin is Ethereum. I will cover on both fundamental and technical analysis. Ethereum is the 2nd favorite coins and the 2nd coins which has the most market capitalization. Since its initial offering, Ethereum has gained on a tremendous value of dollar. So far,...
Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. Here I have seen some strong key level held on Weekly chart which has supported the previous price crash on BTC . And now if price fails to break it with a strong move the price is expected to...
Bitcoin has shown an impairment of its value with today's drop from the high of $9300 region to the low of $8620. Based on the daily perspective, the price however is trending above the .236 fibonacci retracement level. Is this a strong support? A lot of traders may assume that the .236 fibonacci retracement is not a significant level based on the fibonacci rules...
Hello all, Welcome to the new week of another cryptocurrency analysis. I hope you are doing great! Here is the perspective of the weekly chart that I want to cover. Today is Monday and there is still 1 more hour for this weekly chart to closes. But, looking at current market's structure we can deduce that the bears are starting to take over control of the whole...
In the #VETBTC daily chart; We observe that the T3 curve and Vortex form the BUY signal, we can say that these two indicators work well together from past to present in #VETBTC.. Ma50 is important resistance, must be followed carefully.. For those who love risk, I think # VETBTC is worth watching.. Disclaimer: What I wrote is not investment advice.. Please do...
#LINKBTC should be followed carefully. The trend line I mentioned in the chart has worked as a very good support from the past to the present.. ma10 and ma20 have already formed an upward intersection, in #LINKBTC, if the ma50 resistance is broken, we can see serious upward movement.. We will wait and see.. Disclaimer: What I wrote is not investment advice.....