I think Ethereum price depends on where Bitcoin price goes. First, we need Bitcoin to reach new highs around 11200-11300$ then I think Ethereum will start test the resistance around 320$ (lines up with 0.236 fibonacci level) If it breaks up, then my next target is around 390-400$, if fails I think Ethereum will retest the support zone. At the moment there is a...
When you look at the chart we can see that we are nearing the apex of another triangle. Although we broke bullish this weekend, the chances of the long awaited correction are still there. IF the triangle is broken and we go below the previous ATH, we can expect a drop to 8100/7900. When the 100MA and 200MA on the daily are broken we can see a drop to even lower...
Price only goes up or down, but the paths it can take are infinite. To help fight my biases I take a number of potential paths including important zones where price is more likely to stall or bounce. With ETHBTC the over-all shape since the lows is that of a large flag which could lead to an impulsive break up. The move resulting from this would be powerful, but...
All the required information is on the chart. Best, Hannibal
Today's BTC drop move is very welcomed from a technical perspective because it adds some clarity to the picture. I have activated a couple of Daily scenarios to be monitored. First one (orange arrows) would give us some bullish market structure drawing a bottom at around 3400 (Binance). The second one (teal arrows) assumes a deeper correction back to 2800...
Last post: ' BATBTC Basic attention token small rebound expected, not rallies' Written ~3949, later rebounded to ~4200, then to now ~3650 Future scenarios: Scenario A: - Supported at ~3600 (Last trend; 50EMA) - Trough seen in a few days, need to refer to MACD and stochastic Scenario B: - Does not find support - Next stop could be 2600-2800 I hope buying...
Hi Guys! BTC is struggling with the lack of an interest thus volume is very low. We distinguished 4 possible (fulfilling) scenarios in the close future. The price chart is currently in the middle of the rectangular triangle which is a neutral pattern. We broke EMA 9 and EMA 21 and what is even more important EMA9 broke EMA 21. This is positive. We are at...
Bitcoin is currently trading within a very tight range. We've got overhead resistance from our long-term descending triangle or wedge formation depending on how you look at it, and we've got our support trend-line(s) from our previous bottoms and previous support area's that we hit earlier in the year. I believe there is 2 scenario's which could play out here over...
I'm currently neutral and watch EURUSD. LONG: We could see a continuation of the upward trend on the 1 hour, also supported by the oversold on the RSI - this will see a TP in the red zone TP1. SHORT: This is will be the bigger move of the 2 scenarios. Note the potential double top on the 4 hour chart with two potential TP Targets. Waiting for a break of the 1...
This is a better picture of the short term idk why i had it so zoomed out, still figuring TV out.
After receiving mass hype and exposure, bitcoin topped off at $20000, the same day bitcoin futures starting trading. Since then, bitcoin has been consolidating and forming a massive wedge. Completion of this wedge will indicate which way we can expect price action to swing. Volume has been on a slow and steady decline. The Kujin and 300-day moving average are...
Green = Bullish Scenario (Highly Unlikely - approx. 5% chance) Yellow = Unbiased Scenario (Extremely Likely - approx. 70% chance) Red = Bearish Scenario (Somewhat Likely - approx. 35% chance) Dash likes to aggressively spike on the way up and down. Hence, you need to be in the trade before the breakout. The support and resistance zones, visualized with...
So I have plotted the scenarios for BTC, please note that it has not been accurately plotted for actual times so dates/times may be off but prices and levels are all based on correct support and resistance areas and if we break through each support or resistance point there is secondary scenarios to play out. The most logical right now is if we break through 9200...
EUR Minimum Bid Rate possible scenarios The EURUSD general trend is the 1.3000 area
This is an interesting move folks; identifying an ascending broadening wedge pattern has the same chance more or less to continue downward or to breakout and go upward. In my opinion, based on the bigger trend's descending triangle wedge, and the minor descending triangle wedge following it (the fib retracements placed on the graph), my bet would go towards the...
After a long battle the bears are gaining control again at the start of earnings season one month before the US election. The odds for the bulls to hold the red trend line the next weeks are slim and falling, therefore I drew four scenarios how the "S&P 500" might move in the last quarter of the year 2016 and further in the year 2017 after the US election. I...
Multiple scenario's drawn out for EURJPY. I myself haven't traded EURJPY a lot, but the orderblocks seem consistently promising at the moment. It could be that the monthly support is going to cause a stronger bounce. The strength of the bounce shouldn't matter. Reconsider your options at every 'crossing' of the arrows representing potential orderblocks. I'm...
Thank you "Helicopter Ben" Bernanke, "The Dove" Janet Yellen, "Daruma" Haruhiko Kuroda and "Super Mario" Draghi for pushing it to the limit around the world. Technical analysis tools used: 1.618 Fibonacci extension and Fibonacci time zones. Inspiration for the title: Scarface (The lyrics are below) www.youtube.com Push it to the limit Walk along the...