Bitcoin final pivot point at 7200, if not bearish till 3500
Summary: It would appear that in the short term Bitcoin is forming a bullish trend that should be a confirmed trade beginning at the range of 8850 if a four hour candle is formed above that level until it meets resistance at 9881. If Bitcoin fails to break out past 8850, it's possible that it could recover at the resistance line around 8400. If 8400 fails to...
GAS is in a correction. Buy zone in blue box at the daily pivot support matching with volume profile.
It is time for a major selloff soon for Bitcoin. All timeframes are grossly overbought and showing signs of bearish momentum divergence inbound. Regardless of the fundamental aspects causing any bitcoin increase of price I highly suspect the technicals and high selling pressures will move this correction downward just as it has in the past. You can also see it's...
You can see SALT starting to breakout its downtrend falling wedge with good volume. Labeled are some tiered entry and exit points using Fib retracement/extensions. SALT is a real project with a solid team and an A+ track record. Huge plans this coming month and Q2. The future is looking bright for SALT. This news could skyrocket SALT which appears poised for a...
As you can see, BTC has just finished a classic ABC correction move following a much larger 12345 Elliot impulse down in a bear trend. I expect some sideways consolidation and a nice battle between bulls and bears. It's hard to make a solid prediction up versus down at this time, but what is likely is whichever bias is chosen it's really going to take off...
Yesterday the stock market touched SMA 200 as well as the yearly pivot. Also the last candlestick is a bit doji-like. It may be an indication that we can start buying the stock market.
Here you can see a Long legged / dragonfly doji forming. This indecision signal could be the first sign of a potential short or long term bullish reversal. Keep an eye on this.
This analysis is a "Fib.-trifecta" combining a retracement, fan and spirals. I actually had to calculate the next Fib. level by hand. I don't think trading is usually this extreme, but hey, this is crypto! If we break current support, the next support level should be aound 7,200 with a likely range of 6850 - 7,540 per the Bitfinex pricing. If this happens, I...
You can see the convergence of horizontal support, dynamic sloping support, downtrend channel support and Fibonacci support. All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure. Regardless of whether this is the "final bottom", this is a strong buy opportunity...
orange boxes are possible reversal zones I think we breakdown at the end of the pattern to the horizontal support or fakeout upwards to the reversal zone and break downards Daily Log RSI and Wavetrend don't indicate oversold yet. More accumulation to come inside this order block Looking for volume and/or deviation from pitchfork as trend confirmation
Even though the us dollar is experiencing weakness, There is resistance to be found and pivot points still to be driven to the ground. The horizontal lines display continuation and reversal points pertaining to Fibonacci re-trace-mint on prior overall greater trends. There are 3 scenarios. -Consolidation around these pivot points, Breaking and returning until...
Current Level has served as resistance in the past. I expect to pump pass it. But wouldn't be surprised if pull back and/or accumulation occurred first. Twitter: @AzorAhai06
Currently in a consolidating channel. The yellow lines display points of breakout from the consolidation pattern. The lines are just one of many other signals that go into entering the trader. The breakout trend lines can also act as a pivot point for trend reversal. Be aware of support and resistance in those areas. breakoui trend lines = yellow lines, also...
Round numbers look like some support: $11,000 and then $9,000. Also a monthly pivot going to be offering support at the $9,000 mark.
-If this is in the wrong section I apologize! I am a new trader and I am trying to buy and sell small amounts in short amounts of time..I am trying to configure my chart with the pivot reversal strategy and the SMI oscillator. It seems like the default values (especially for the PRS) do not give good indication of when to buy and when to sell. The red...
Even though riding the BTC waves, SIA respecting lines nicely like the top reversal perfect with resistance trend formed by previous two tops, making the supports formed more reliable, even in the face of BTC movements. Expect support at first purple and first red horizontal, next tried and tested supports would be the lower purple. Even if BTC drops to its 9-10k...
Daily Chart is past 100 ema my target is R2 long