Ever since we have broken the downtrend resistance line, BTC has had sideways movement within this channel We will break it when we find support at the top of the channel. Right now, with the RSI and MACD well into the overbought, I am cautious saying we will.
Price in an obvious down trend Anticipating a retracement phase NFP is the end of the week Probability this price action will reverse because: Price would move to a more neutral position before Friday Price stretched far from ma's core center Macd stretched far from zero line Macd over sold Possible Fractal Bullish breakout setup developing at current price action
My favourite alt for a while, been flipping this bad boy on Binance like there is no tomorrow
As you can see we have continued our way printing that nice thicc inverse head and shoulders. We had little bit of a run up yesterday and suddenly the media sentiment shifted. DONT GET CAUGHT UP IN THE HEADLINES. Apple will not save you, Boeing will not save you, the fed will not save you. The top has blown off. Dont pay attention to the bull trap! Keep...
Ticker: COINBASE:LTCUSD Timeframe: 15min/2 days 1- RSI ticking down to complete wave 3 to 4. 2- MACD ticking down. 3- If the Elliot wave analysis is correct COINBASE:LTCUSD is ready to move from a wave 3 to a wave 4 in time with the MACD and RSI cool off. 4- If the elliot wave analysis is correct we should see approx. $150 as our next stop once we...
Hi! Today I would share with you my idea on XLMBTC From the 4hr chart, we see that a cup and handle is almost completed, in addition to that, an ascending triangle has also been formed inside the handle! and finally, MACD is still bullish. Disclaimer: This is NOT a financial advice! Goodluck!
1st ENTRY - Macd cross below Red signal line 2nd ENTRY - Sell Stop 1.2810 support breakout 3rd ENTRY - Sell Limit Range Top 1st Take profit 30 pips from entry 2nd Take profit 1.2735 Support level SL above range top
Ticker: COINBASE:BTCUSD Timeframe: 15min/2 weeks 1- RSI is overbought more so than most the time in the past two weeks and looks to be ticking down. 2- MACD is higher than it's been the majority of the past two weeks. 3- If the elliot wave analysis is correct BTC is ready to move from a wave 3 to a wave 4 in time with the MACD and RSI cool off. 4- If the...
Price has hit for 4th time bearish resistance and it appears the pullback has been exhausted, touch was also in 20/50 EMA zone. Going short for 80-90 pips and taking profit before price hits bullish support trend that started back in September 2015. Wait for confirmation of support (with bullish MACD) and then look to enter long and hold.
If my H&S formation plays out, COINBASE:BTCUSD may be at the top of a wave failure denoted by X and heading down to Z @ around $7600. $7600 should hold, unless FUD takes over, in which case we may see the high to mid $6000 range again (one last time). 04/20 should be close to the last day of the bear market. 15 min RSI and MACD looking to downtrend ASAP. (No...
WHY WOULD I CONSIDER A BULLISH CONTINUATION MOVE? 4H Blue Macd crossed above the 0 level line at the beginning of the week. This can indicate a short term bullish bias for the beginning of the week Day candle is poised at the BB Deviation 1 top level band Watch the color of the day candle May be red awhile for bearish pullback Then turn green for bullish...
You know me by now i like it to keep it straight to the point on why i took the trade 1. MarketStructure is telling me that we are in a bullish movement and have broke our previous high and looking to make our next lh to follow a buy 2. We are waiting for a fibonacci play off the 38.2 or 61.8 3. There is a supply zone at 38.2 or 61.8 4. Wait for a Candlestick...
In my last post (LTC: FIbonacci levels are in play Apr 30) I noted that LTC has shown no clear direction up or down but that a recent pattern of price movement does not bode well. I think this is still the case. For context please note that you are looking at candlesticks, each representing one day in a chart whose scope is just over 2 months. From the chart we...
Just a thought more then directional analysis: Using the Weekly to find support levels as below $6000 being untested for the short-mid term, The Weekly 200MA seems to be the strongest Moving Average support, as attempts to break have resulted in "short term" reversal with intended volume, this a positive sign showing traders are anticipating double bottom or...
Hi Folks. It is pretty nervous these days isn't it? So we will try to show you where we are and why it is not that bad as it looks. Many of you complain about current situation but remember that patience and persistance are as much valued in this game as analysis and reflex. First of all we decided to draw long-term support line. Look at the mid September 2017....
Descreasing selling volumes on the 4H chart... Stoch RSI oversold... MACD is confirming the bullish divegence trend. In the 2H chart IOTA looks good..same characteristics than the higher time frame, but here we are over the Ichimoku Cloud - Lagging Span (2H) out of the Cloud is a bullish signal. All indicators tells me that a wave 2 is starting in the next...
My series on IOTABTC continue here. As predicted in Part 2 (scrolling down the post) after the upside move driven up by Bitcoin yesterday, IOTA move downside aprroaching the Kijun-sen of the Ichimoku Cloud at around 0.00014880; If IOTA on the 4H chart found support on that yellow line, it can go sideways for a couple of days and then move to the next resistance...
Here's the link to the first chart I published on IOTA last week: In the 4H chart IOTA has shown good strengh going over the 0.00014000 levels (increasing volumes). The green horizontal ray now I think it's a support area for the coin. It needs to going flat for a while inside the Ichimoku Cloud and then break upside the descending trendline (in yellow). Only...