Hello Traders! Today’s chart update will be on XRPBTC, testing structural support with oversold conditions poising the probability of an oversold bounce. Points to consider, - Trend broke key resistance (S/R Flip) - .50 Fibonacci current support - Local resistance to break - RSI closing in on apex - Stochastics projected up - Volume decreasing XRP broke a...
Looking for GJ to create an inverted head n shoulder on the 15 min time frame. Previously has just bounce off 4 hour support. I would say wait for the right shoulder.
#Bitcoin new buy signal has triggered upon the development and break of the previous inside bar high. Yet, many still argue that Bitcoin is a short. In this video I point out why I believe Bitcoin is going to low the 9Ks on the next leg, and what common mistake blinds the majority of participants to such a move. The goal here is to provide perspective, and insight...
Ok, last chart we discussed the bulls getting above our zone we've had outlined for months on 4 hour chart but zooming out to bigger picture of the weekly chart. We were watching to see if the weekly just set another lower high and anything lower than $10,540 was just another lower high on our weekly chart. Bulls got to $9195 and are currently trending back down....
Bitcoin has established a new buy signal in the form of an outside bar which may be the beginning of the next leg higher. This video serves as an update to my previous written analysis where I wrote, "A close above 7600, followed by 7950 is likely to stimulate a flurry of margin liquidations (shorts following their small time frame charts who are now caught). This...
Looking to form a new uptrend, FARM has formed a higher low, with scallops present. Included fibonacci retracement levels for possible targets if this turns increasingly bullish.
Short term: Repeating the previous pattern to 8500 against the bearish resistance. Mid term: To drop to a Higher Low, one macro level up, down to 5000. Long term: From its Higher low to new highs, negatively correlating with the upcoming 2020-2021 Financial Debt Crash. Going up to 50.000 to halt and retrace. Seeing lower volatility in bearish retrace.
Bitcoin price action has produced a clear bullish reversal pattern in a location where probability favors such a formation. The inverted head and shoulders, although not triggered yet, serves as a pretty good idea as to where this market is going over the next couple of weeks at least. A decisive close above the 7600 level, followed by 7950 should stimulate enough...
Bitcoin is poised to break out, but needs to clear the high 7600's decisively in order to clear the way for 8500. Price action continues to gyrate within a very wide support zone and the development of the recent failed low structure is exactly the type of broader reversal pattern that we want to see in such an area. The point of this article is to shed light on...
BTC Update Bitcoin is still under this famous zone between 7221 and 7273. This zone, as well as the 7600 level, has been a problem since the beginning of December. BTC briefly went briefly above this level and peaked at 7445 before falling back below 7200 and is currently trading at 7174. Indicators? The daily and 4h technical situation is negative with a...
Bitcoin break out is NOW in play. We shared a LONG swing trade idea with our followers yesterday which triggered at 7250. Although the stop is wide, the magnitude of the reversal structure that is confirmed is likely to lead to a test of the 8500 area resistance at LEAST. The goal of this article is to highlight the key technical points that will guide our...
CTSH has a basing bottom formation underway that is compressing at a higher low level. This pattern often precedes a breakout.
Three touches of 109.279 after which we see that there is a drop in price. Maybe he'll do another HL touch then it will reach 109,480 and he will form double TOP if that happens and if it breaks that uptrend it will go down
As you can see from chart- price failed to make new Lower Low on 28 Oct 2019 and this could be starting of impulse wave for uptrend and since that price go up to make a new Higher High(HH) and Higher Low(HL) until today if u can see from H1 chart.Now price try to make new high from previous daily high on 22 Oct 2019(Box color-Turquoise).My prediction price will go...
We waited a few days to let the dust settle as expected. Volume dropped off and price action has slowed considerably. We were watching for a higher low ideally above $8500 last post with 9k being a level to watch. Thus far $8917 is our higher low. From there BTC began entering an equilibrium which did have a bear break yesterday after briefly tightening up within...
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