The white line marked with a white arrow is the center line in a schiff pitchfork connecting the 2014 and 2019 bear market. This line played a role as support before our drop from 6k to 3k, and it is currently playing a role as very strong resistance. We have hit this line twice now and price has failed to break through. Within that same pitchfork just one line...
EOS had a nice climb then crashed like most Alts.
Now it seems to have found some support vs BTC.
If current support fails, there is another one below.
Whether you trade Alt/BTC or Alt/USD, it is worth watching both charts.
If an Alt/BTC is on the rise, then much better odds of Alt/USD also rising.
I prefer Alt/BTC to grow my bitcoin stack, but that is just my...
Our last EOS analysis was just a bit of playing around with Fib Times, and an update on EOS was requested so I figured I would sit down and do a real analysis on it.
As you can see, EOS is trying to establish itself with some ascending support, and a strong reaction from there in Nov/Dec 2018 resulted into an uptrend that carried us all the way to...
At the very beginning of 2018 we began covering Bitcoin price analysis on our YouTube channel. My approach to accumulation is Dollar Cost Averaging ( DCA ). I am a very big believer in the mental aspect of accumulation. This means that if I am utilizing DCA because I am extremely long on Bitcoin , I would like to DCA when the price is down - at least for short...
Good morning all
A quick analysis of the LTC/USD pair utilising FIB retracement and extensions..
Previous corrective moves retraced to .618 or thereabouts, previous impulse moves extended the exact length of the previous impulse move..
IF history repeats itself, the play is simple.
Lower green box = accumulation target
Higher green box = sell...
I believe manipulation is in full effect currently as these exchanges are trying to cover their butts to liquidate leveraged shorts that have been stacking. As a result this will extend the length of our current bear market, cause a much faster and harder drop and possibly take us to lows lower than previously expected by even the most bearish of bears. Sleep tight! :)
IF ICX can break $0.462 (Fib. 61.8%), it will go to the moon. If it can't do it, it continues running in accumulation phase between $0.36 and $0.43 (Fib. 23.6% and 50%).
Details are as shown in chart.
Litecoin’s blockchain is set to undergo a mining reward halving in August this year, as it is programmatically designed to do so after every 840,000 blocks are mined or roughly once every four years.
The process is aimed at controlling inflation by reducing the rewards for mining on the blockchain from 25 coins to 12.5 coins and seems to have put a strong bid...
Possible bearish pennant formation on this pair. Note possible trend line confluence as well as 61.8% fib level target. Initial bearish outbreak gave us approximately 200 pips. Breakout to target would mirror another 200'is pips. I do believe long term we will see higher prices, but for short term we have to take what the market gives us. This trade idea is for...
Identify opportunities via trend lines / fib / support / resistance, and WAIT FOR THE BREAKOUT. For me, a breakout with a retest is an excellent play. Also, look for bullish divergence. Targeting a 1:1 extension, at least.
Quick plot to study the precarious GU situation.
GU just bounced off the green 2.618, perhaps for the last time.
2.618 extensions are like Rooks on a Chess board, always noticed.
Steadfast and dependable, if it breaks there is a lot of air below.
Sure it is obvious support even without fib lines to show it.
But given the relevance of that line, the others are...