As you can see on the chart, the bulls have pushed price above EMA 50 line. The volume on those two candles is very high, which is good indicator of coming correction of this downward move. I'm expecting this correction to hit fibonacci retracement level between 76,4% and 85,4%, than the further downward move with new lows.
100 was the major support and I think it is not over yet. I see here potential for this pair to go as low as 36. I linked chart for silver for the last 10 years which looks very similar to the BCNBTC. I think we finished 1st Elliot wave which has length around 275. Second wave is not finished yet and It can go way below 100. The really good news is that the wave 3...
Import level to observe are 0.020000 which is combined with solid GAP on weekly chart. This GAP rejected strong bullish movement and move pair back to 0.0100000. There was another attempt to reach .020000 but it ended up with head and shoulders formation and visible rejection at 23.6%(head of the pattern) and 38.2%(both shoulders). I will not be surprised if the...
Cleaning up the chart and we look at basics this morning. In the past months, The 200EMA is playing a vital role with VRC price action. Shown are the 20 & 200. 200 Being yellow. VRC as expected slicing threw this short time frame average, and now looking to re-connect with the 200EMA. This will be a strike point for me if hit as well as anything below. If the...
In the beginning 27th of May till 31st CLAMS made quite nice triple bottom formation combined with respected GAP in Daily chart and very nice three soldier’s pattern. All GAPS marked on the chart are based on the weekly chart which makes them really solid support. There is another GAP which stopped bullish movement and then we can see some extended consolidation...
I'm watching this pair for some time. It seems like that the bottom GAP was perfectly respected by market and created something like triple bottom(black ticks). There is still upper GAP which was holding pair for some time. Upper GAP was pierced in the last few days with very nice three soldiers formation. Psychological level 0.0020000 was tested couple of time...
GAP on daily chart stopped bullish movement and accent it with very nice bearish candle. We can clearly see head and shoulders formation(black ticks). This pair is in bearish trend since brexit votes. Price action like this suggest continuation of bearish trend. Respected GAP head and shoulders big bearish candles and pair is trading below 200 ema. It seems like...
I was on long holidays so that’s why there is a gap in my activity on the tradingview. ETC like most of the crypto made strong push towards north. ETC is in consolidation for almost month. There are few important levels to watch. 0.0005300 which is close to the psychological level 0.000500 and it is highest high from the 1st of May. I marked with dotted lines...
Nothing seems to move up or down (yet) in Bitcoin world, so in the mean time, would you kindly share with me what you think about EMA, SMA etc? Are they rather old? Any use? If you are utilizing them, which MA, which parameter do you choose and why? Personally I used EMA 10, 20, and 50 back when I traded Gold, but now my friends seems to ignore MA altogether, haha.
$CTRV announced today in addition to the 2017 Marcum MicroCap Conference 15-16 in New York, they will also be presenting at the San Diego Bio conference on June 19-22. Let's think about this hypothetically. If there was no news to present or bad news they wouldn't have more than one conference, I mean one conference would be more than enough to tell everything in...
ETH is really blowing through an ascending trend and blasting past the 9 period EMA and there's still room for growth on the Stochastic RSI. I'm definitely very Long on ETH... Expect a retracement maybe back to around $290-$300 during the week... Hope it hits $500 soon :-)
I fast analysis from NEM crypto-currency (XEMBTC) mainly based on Pitchfork trend, where Pitchfork is all about to respect the zones blue and green, and lines such as median line, bottom and top blue lines and their intersection between the blue and green region. So, bases on 4hrs time-frame it is possible to see that we have a interesting trend. Until it is...
Pair: USD/JPY 4h Trend: DOWN. Price is under Ichimoku Cloud, 21EMA is slopping downward, 100EMA crossed below 200EMA with price below them both. MACD and Stoch. concur. Fibonacci: There is an overlap in Fib retracements at 110.083 indicating a strong resistance. Price hit this but did not develop a candle above it. But because the price touched 0.382, I would...
AUDCHF SHORT term (Trendline breakout)EMA rejection
AUDCAD Short term (Trendline &support breakout) EMA rejection
I marked on the chart two important GAP's on weekly chart which are playing important role during price movement. The blue one seems like is respected by the market since may of 2015. Every attempt to go below or above this level is met with strong resistance. The green is the one which I will be observing as this one should act as support for further gains. I...