At the moment we have formed a double bottom and the trading volumes in these points are significant, this tells us that this zone is a good support zone. This can be a signal for good growth opportunity to the upper boundary of a large triangle, which coincides with the 0.618 Fibonacci level. But on this path there are still other local resistance at 0.236 and...
Now we see how hell broke the 0.78 Fibo level, but could not resist and punched it down, thus forming a figure of head and shoulders, as well as the right shoulder coincides with the line of global resistance, which was not punched twice the previous time. If the demand for the asset exceeds the supply and we see a repetition of the level of 0.76 Fibo and the...
We can go to 0.5 Fibonacci level and make a pattern head and shoulders after this go down to retest 0.786 Fibonacci level or go to touch of 0.38 point at if we break it, go higher to the next resistance and have sign to new wave of growth, if not broke - go retest 0.786 Fibonacci level - long support zone.
After such rapid growth and large volumes, correction to 0.618 Fibonacci should be followed and continue to the upper limit of the triangle, which is resistance. If buyers will prevail in the market, then soon we can see the asset at 0.382 Fibo level and when breaking through the resistance line of the big triangle go higher to the past ATH levels.
The bitcoin moves inside a large triangle. I showed the standard movement of the downward movement of the pulse-correction-impulse. Soon we will see which bit of continuation trend will show bitcoin. But we are still falling. I also showed, using Fibonacci, the potential targets of falling
Recently, DASH has been growing steadily, but against the backdrop of a growing dominance of the BTC, we can see the asset correction at 0.382 and 0.618 Fibonacci levels. If we break through the current level of resistance, it's the channel of the downtrend, there will be the possibility of movement for further upward movement to the next resistance #2
What will we see next with all this? What is the current phase in your opinion? What will happen next, your Ideas?
Today fall give to us sign for continue bearish trend and we can retest one more time 6000 price
BTCUSD Touched resistance line of triangle and did not break this line. Now we going to the support line of triangle. The triangle is not a definite figure and the break out can be in either direction up or down. In candle analysis I see Bearish Engulfing . Stochastic RSI - overbought Some reasoning This upward movement that occurred over the last month was...
For the last week bitcoin and altcoins , the whole market has fallen sharply. Yes, it's downtrend now. But the market can’t always fall or grow, everything moves with corrections. There should be a correction after bitcoin reached the support zone, rally should continue. But for what this falling? Everyone is waiting for : when big money will come to the market,...
For Lazy and To the point Readers : Nano ( XRB ) Trade Idea : Long : 0.00050 or Below (Step buy orders) Short : Step Sell orders T1 : 0.00055 T2 : 0.00059 T3 : 0.00062 T4 : 0.00064++ Risk : Lowest ( Safest route Investment) Term : Short / Mid ( Depending on the Total Market Volume) Invest : 10% or more of Your Portfolio Fundamental In-Depth Analysis :...