on bitcoin we have very nice potential selling opportunity:
on 4H chart we have almost completed bearish harmonic bat pattern.
Looking left we see that the pattern completion point matches perfectly with
a significant level of structure resistance looking left.
+RSI shows clear divergence.
on 1H chart we...
Bitcoin Cash price on Friday is on the back foot, down in negative territory by some -2.5% in the second half of the session.
Next major target for the bulls will be for a return up to the $400 price territory.
BCH/USD Breakout and sable 303 level Buy this position first target is 331 level next target 340 Area and final target is 400.
After it break the channel from 9k satoshi,
followed by latest Fibonnaci Spiral. acting as a potential support and upcoming resistance.
So far it's pretty bearish movement for Steem/BTC with Fibonacci resistance fan after being rejected by 200 EMA but looking at Indicator such as RSI, Stochastic RSI and Macd seems give me...
Good day guys
As you can see ETH/USD tried to break up the median line of pitchfork twice which failed both attempts and then a drop and beak down of lower band was imminent.
After breaking down the lower band our genuinely designed strategy FSMM Signaled short with a timing close to perfect.
for those who do not want to take risk you can wait till we break down...
Bitcoin is dancing with the 61.8% Fib level with a previous drop from $5,321.82 and a low around $4,950. BTCUSD buy 61.8% Fib level price 5000 Area. Target 5700 and 6000 level . BTCUSD not breakout 6000 area then sell position is best target 4000 area . Technically 6000 area is strong Resistance in BTCUSD, this area break and stable buy this level .
Don't tell me I didn't warn you on March 8th about this first break out! The fractal was there:
However, those who missed this week's huge spike on Bitcoin shouldn't worry. Based on the 1D RSI another pull back should be coming soon.
As seen on the...
Despite the fact that Bitcoin has (most likely) reached a bottom, the bear market hasn't officially ended. Although traders call the current phase the "Accumulation/ Distribution" stage, it is still an extension, even though the final one, of the bear market.
So where does the confirmation of the new bull market comes?
I tried to pinpoint this using the Mayer...
Currently, Bitcoin Cash has made pretty nice recoveries but soon it reaches into the resistance. The resistance free area starts to become over and it is time to take some profits.
Those who are in mid-term position on BCH then they should consider taking some profit around $400.
Those who want to take risky short-term trades, right now, on BCH consider that the...
TRX has been bearish for a quiet long time.
Now it's @ Golden Ratio and it's strong support.
If it can hold it here and get back above 533sats it gets bullish.
But if it breaks 488sats it can drop at least to 450 or even 300s level.
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Good evening all,
Welcome at a new weekly read up on my thoughts about the market. Massive breakout we’ve seen two weeks ago, right? Something of that size I didn’t expect to be happening, as you’ve seen in my previous write-up, however, what is there to be expected right now?
Just first I’m just sharing what I can see on the charts and combine that with the...
BTC has just seen a weekly push up, near enough an Marubozu, at which point BTC was over valued, hence the indecision candle of last week 08-04-2019. This week we can see that BTC has come down to test the supports:
Daily 20 day Moving average
The 1 and the 4 month 10 Day Average
The 2 week 20 day Moving Average
And the weekly Upper Bollinger Band which...
In my opinion there are two possibilities right now:
1st) 7871 cant handle the pressure and will give up so the market can fall down to the 6k area again. If the market will rebound there we may see a bottoming.
2nd) the market rebounds at the 7871 area and makes a higher high with the 12968 zone and starts a new uptrend
Interesting fact: the two times where...