A deeper retracement back into the broken daily range will be the ideal long to take price back up to last summer's high.
Seasonal trade/supply zone-->Demand/50-61.8 fib/Double Bottom
BTC Market Dominance looks to test lower as Binance Coin (BNB) and Litecoin (LTC) lead the AltCoin Market Capitalization higher and on the verge of a major breakout from the downward-sloping resistance trendline from January, 2018.
Target showed me all the ways to make money today. I took a small scale in a few days ago anticipating a good response to holiday earnings after they had a relatively lukewarm rebound from the late 2018 correction. Seeing the traffic at my own local Target, I was certain they would exceed expectations and they lived up to my hopes and more. After hours trading...
Weekly Setup on QSP, it hit a high of .70 cents back in January of 2018 and now it trades around .015 cents. The Chart looks nice and tight so I'm looking for a nice push near 1331 area. We will see & time will tell
quantstamp.com
$0.015641 USD (3.19%)
0.00000403 BTC (1.62%)
0.00011197 ETH (1.92%)
Market Cap
$9,655,570 USD
2,489 BTC
69,118 ETH
Volume...
I was using these charts to explain to a friend where the price of gold could be heading depending on USD course of action. Maybe someone will appreciate them. :)
I'm considering 1282.XX, today's low to be the bottom unless DXY breaks above the long term descending trendline. Started buying in around this price.
XPTUSD I bought at $836 along the same...
BTC is possibly displaying a 4-hourly fractal pattern that may help to confirm an upwards break of the 4-hourly EMAs, which would initiate a re-rest of $3,900.
#BTC #BTCUSD #ETH #ETHUSD #LTC #LTCUSD #Crypto #Cryptocurrency
GBPCAD Cup & Hande at work. Continuation already started and this also confirms the Cup and Handle which is in this case the smaller one. It may continue to draw the handle of the larger cup after which we can expect a continuation of the larger as well.
Using the Hall and Co trading indicator a BSO (Buy Stop Order) has been triggered indicating a local top. We should've had one for BTC but it didn't rally high enough to trigger one. There WAS however a BSO event for ETH:
Looking back to the last consolidation period after the 2014 Bull we can see that there are two BSO Peaks and two massive dumps to confirm...
If BTC repeats history then we may be looking for a fast and aggressive backtest before seeing a high volume (bullish) candle that tops out this trend once and for all.
BTC Market Dominance has further to fall to continue the current Altcoin Market trend. This may lay the final support needed for the BTC Dominance to continue it's bullish trajectory on the weekly time frame. Further, this would coincide with a theoretical capitulation of the Altcoins into BTC before an eventual capitulation of BTC itself in May/June.
BTC seems poised to re-test the downward sloping resistance. If we follow cyclic patterns from 2014 then we will break the upper line in the coming weeks for a bull trap-like pattern into a double top before eventual capitulation.
As part of UJ Seasonality CADCHF is potentially going to drop approximately 300 pips. I predict it will be at least 80 pips to 0.752 if not 400 pips to 0.72
Good example of the triangle theory thanks to UJ seasonality. The theory says that a triangle will exit into the same direction as it came in. In this example the price came in from the south into direction north so it will exit north and validate the triangle.
It's breaking out north while I am typing this.
