On Sept 15th when Link was at $11.24 we said weak hands needed to be shaken out and that support was in the range from $9-$7. We saw price decline down to $7.30 and weak hands capitulated. Link/USD has now reversed higher to recapture most of the declines from Sept 15th.
Still patiently watching Link since my potential short set up idea;
A very crude head and shoulders pattern forming at key resistance zone.
Trend line could be close to breaking.
Before taking any trades i think we need to see some kind of decent move in either direction.
Shorting here with so much buying pressure close to our entry doesn't...
Haciendo un analisis del Ethereum, puede llegar a tener 2 posibilidad de ventas, ya llego a mi primer confirmacion de PRZ podriamos esperar una confirmacion extra y empezar a buscar la venta de esta Cryto para luego, una alza de precios
Hello Traders, What I see with gold is that there is now a external trendline breakout to the downside look at number 1.
I think there will be a pullback towards number 2, After that there is a chance of a correction towards the 1600 area.
it is a nice short opportunity, if everything goes as expected.
If you think its helpful leave a comment or like!
Breakout lower from that consolidation and out of the descending triangle pattern with strong momentum could signal a trend reversal. Retracement around 38.20% could be a scenario if this breakout occurs.
Following my last forecast on bitcoin, it is now presenting us with another buy set up and this could be the move that will help us complete wave 5 of this correction just above 8k and from there I expect the market to give us one more leg to the downside where we have a trendline support just before our previous structure low and either of them could help up us...
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As per Chart (3D), the bearish formation is taking place and it reciprocates the bearish tone of BTC.
For now, I see the 1st target in the 66% range, as per chart.
This could represent the next level of BTC in the 6K's.
The RSI also supports the Bearish tone in the BTC Dom.
Bitcoin price action break down important support at 8911$. Current hold above 8700$. Potential plan A target 0.618 fibs price level at 8553$, Next target Prev. Montly open at 8300$, Most bearish at 7950$.
Volume: Sell pressure increased, confirm bearish price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish sign.
Litecoin has come under severe downside pressure towards the $50.00 level, following a heavy decline in the broader cryptocurrency market. Sellers could now target the $36.00 support level, as it has been a long-term bearish target that has yet to be reached. Overall, the LTCUSD pair will need to rally above the $60.00 resistance level to reduce intraday bearish...
- Weekly: Last weeks candle closed as a bearish engulfing closing below 0.2500 major weekly zone taking out previous weekly lows. XRP could move a lot lower.
- Daily: Price has overextended to the upside breaking above 0.2600...
Here it is, the key point.
The price is clamped on both sides and now she needs to make a choice. From below, the strong support line doesn't allow Bitcoin to fall, and from above the resistance line doesn't allow to rise.
In case of breaking through the support line, I expect a quick impulse down to the support level 8940 near the support line.
I see some promising signs from a very simple perspective without using much (I'm sure people will say your brain included... but haters gonna hate and potatoes gonna Po-Tate). To keep this simple:
1. On the monthly 9 MA Penetrating through the 20 MA is a positive sign, its like the first time your with a new partner in bed, Its exciting, momentum has been...
BTC update on the larger scale, we could be seeing yet another descending triangle after this parabolic rise,
Points to consider:
- Parabolic rise into descending triangle
- Completion of possible wave 5
- Three Touches confirming price resistance, macro lower highs
- Volume Tapering off in a similar fashion
- EMA's looking to turn bearish