I threw away my idea about the major resistance as a profit target. Based on current price action and technical indicators, I likely expect the price drops down. If the idea about H&S is right, we could see one last leg up to $5350-$5450 zone before the price goes down. Then I expect a retracement at around $4800 and then another drop to the lower channel line, at...
Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools.
The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet.
Imo, Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective...
Today, as we all may have seen, BTC had a huge $1000 breaking up candle. Also signicifant volume came. During this flight BTC smashed a few important resistance levels, such as trend line which has been forming for the last 4 months, also $4200 / $4400 resistance levels and finally EMA100/EMA200. Finally BTC got almost to Fib618 and 1D EMA500. Currently is trading...
This idea is based on modified Shiff Pitchfork tool.
Breakout above red line = bullish signal.
Breakout failure = bearish signal, followed by drop to 3600 - 3500 zone.
If you like my TA, pls. hit that "like" button, follow me or leave your comments. Thank you!
BTC Analysis Update 21.03.19
Hello Crypto Traders,
I want to highlight EMA100 again. Yesterday, I wrotte, that BTC must hold above EMA100 for several days. Unfortunately, BTC only close above this level once, yesterday.
Today we saw dump below EMA100 and also below 4K level. EMA100 again showed that significantly affect BTC and it is strong dynamic...
We can't publish ideas on 1 min charts so we are doing it on the 15 min. We can count a clean 5 wave upward pattern on FET/USDT with bearish divergence on the 1minute chart. This means that FET will retrace in an ABC structure from here on.
A retrace like that usually stops at the 61.8% fibonacci level so keep an eye on that! We will keep...
Three options seem obvious to me with this ICON set-up. One is to buy the upward trend line to the top of the range at .30 for potential 20% profit. Another is waiting for a retest of .18 before buying the bounce and riding it back to .30. Last, we could stand pat until .30 breaks and we get a big push out of the current range.
Based on current price action, I re-counted my ABCDE Triangle Idea.
There is a good chance, that Wave-D hasn't been finished yet. In that case, the Bitcoin will re-test $3300-$3200 before goes significantly upward.
If you like my TA, pls. hit that "Like" button, follow me or leave your comments.
I have been watching this shitcoin for last few weeks. Imo NPXS is getting to be ready to popp.
A) We have strong support between 10-12sat. This support was successfully re-tested a few times!
B) Volume profile in last few weeks.
C) One of the cheapest asset on Binance.
I'm looking to pullback to 15-13sat to open more longs.
If you like my TA, pls. hit that...
ABC Correction is mostly done and we should make profits soon!
Currently XEM is bouncing significant support zone marked by previous low. Also, near is 1000sat price zone which i consider as a strong psychical support.
If you look in more detail to Poloniex Order book, you will find a lot of buy walls slightly above 1000sat. Imo, good sign of new...
This is what I'm seeing for bitcoin as a last chance for the bulls. $3250 is an area I'm eyeing to complete current corrective Wave-B and then should Bitcoin should take us above $4000 as a motive Wave-C of current ABC correction. Current pattern looks like Ending Diagonal.