From the daily chart, we could see that Bitcoin is sitting at 2 supports. By now, we could confirm that the inverse head and shoulders did not play here, instead, it went sideways now for a couple of days. after the bullish pennant, it went up but was denied by the 4200 resistance. Volume gets lower and lower. Could this be the turning point of...
Low volume but this pattern is giving me the look, pretty bullish on this one
A 10.56 Risk to Reward Ratio on this with a tight stop loss but strong upside potential if it breaks out. I put targets for both sides just incase you like to short ;) Moving Averages also look to be crossing soon with the volume dropping low ( a nice sign for a potential breakout.
Previous trends indicate KTOV is a good buy if it drops below $2.10 and rises to around $2.28 an $0.18 Increase. I'm new to this, so give me advice! View my analysis below.
We haven't completed the 5 wave down yet, in fact the 4 isn't in yet and if you look at the low volume it will confirm that we are still a bit bearish for BTC.
The Pivot Point system is very close together. Not much momentum right now. Over the Easter holidays, there will be only weak trading volumes and may be no price movements or even erratic movements without direction. On the longer term, the price of Bitcoin will remain falling with erratic movements, but always below the blue dashed line.
We have found a great deal of resistance a number of times now at $11,700 and everyone is on the fence about deepening any more positions regardless of been long or short. The trading range feels like it should be playing between $11,700 - $8300. Transaction volume is at a 2 year low. Won't take much to pull the carpet from under btc's feet. Target 10k and I'll...
Hello traders! After taking a look in to this chart i have seen some potential if the price bounces of the trend line (which was once already broken in the past). For a small help there is a random support/resistence line which i have no clue about why is it there. The rsi just bounced back up a bit but the Stoch just crossed on bearish side. The confirmation...
LTC just finished 5 Elliot waves on the 1 hr, 15 min, and 5 min chart. imgur.com In addition, RSI is overbought at 80 and is showing bearish divergence. The decrease in volumes mean a decrease in the number buyers. Once there are no buyers the bears take over and push the prices down. The uptrend is obviously losing a lot of momentum and will likely experience...
ETHUSD Update: Nice breakout of 310 on rising volume , but no follow through while BTC is making all time highs? Although price structure remains bullish , I interpret this lack of follow through as a sign of weakness. If BTC is the leader, what happens if there is a healthy retracement in that market? Or is the correlation unwinding? I don't want to be long from...
ETHUSD Update: The 215 minor support held as price slowly climbs back into the 227 to 240 resistance zone . The 215 support is a higher low structure which is usually a sign of further strength, but the problem at the moment is lack of follow through which can be attributed to low volume . If this market fails to take out the 240 resistance, a retrace back into...
ETHUSD Update: Small retrace off of yesterday's high, with a development of a minor support zone within the 210 to 215 area. Volume is still very low which may have something to do with the seasonality of financial markets in general. Volume needs to pick up in order for this trend to continue. After trading multiple asset classes for years, I learned one thing:...
ETHUSD Update: Less than a day to go for the big BTC event and this market is continuing to build price structures that imply strength. After the initial push up to 213 and attempted break of the 208 resistance, price has retraced to the 190 to 184 minor support which is an ideal location to form a higher low. This market is presenting a broader higher low which...
I think X is looking great. broke out on Tuesday. pulled back today with kind of low volume for a long candle. I am expecting a reversal tomorrow, and a break out afterwards. Let me know what do you think. Good Luck
ETHUSD Update: New range bound condition established between 190 support and 205 resistance on declining average volume. With August 1st around the corner, I don't expect much follow through from this market. The 205 resistance which I mentioned in yesterday's report continues to hold, (.382) of previous bear swing. A break higher would indicate that the bearish...
ETHUSD Update: Triangle is broken by weakness and minor supports taken out. The 183 to 163 support zone is the next area I will be looking for reversal patterns to buy back in. The 214 area support which is the .382 of the recent upswing has been compromised which indicates that the bullish momentum generated from the 136 low is not driving this market at the...
Volume Apple-0.09% Volume continued falling on Tuesday and Wednesday, -5% on each to 20.8m which is 45% below the 1 month average at 38.5m and 50% below the 6 month average at 40m. This is Bullish IMO as it shows that at these prices holders are not willing to sell their AAPL-0.09% risk at these prices, as they seek higher prices before they offer higher...
Algo spike 4% to $101.8? At 18:19 BST Apple stock surged from 99. to $101.8 and back again all within a minute. It was Likely to be algo driven OR a data/exchange error - though no news outlets reported either or offered any other speculation. Though $101.8 is the closest near by resistance strong hold for apple, so it would be a weird coincidence for a "data...