With ADA reaching highs of $0.97 last week Thursday will its break the $1.0 mark this week? ADA has just broke a down trend resistance and it looks like its on its way up. Lets see what the next few hours bring. A clear run on the upside would set it off all the way to $1.0 by the end of the week.
The pump up to $48K still seems to be in range for the Extended Flat correction to be valid. Invalidation level is at $60K but technicals make a route to that level look impossible. Which do you think will come first, $60K or $21K?
Warning: BTCUSD reversal... is coming! BTCUSD recently had a steady increase in price. But the reversal is here! Today I will explain with Technical Analysis.
As we will see, we already have many bearish factors to watch out. I will give them in lists in order for you to easily digest them.
1. Elliot 5 waves complete
The 5-wave Elliot wave is complete. The...
Here as you can see the market breaks sharply the previous low(support) and now it's going for re-test.
After the morning announcement for the second bond purchase the AUD lost a lot of strength
and the potential for a drop is high.
--> Wait for the market to re-test the resistance and SHORT THE TOP ! ! !
Here we have a great opportunity to sell a high from a sideways market.
It has very good risk to reward and you can extend the target if the market breaks it.
Your profits can go up to 300+ pips ( Length of the sideways channel ).
My initial projection from last weekend had Minor Wave B ending by the lunch hour on September 17. With more data, my projection has moved to the right a bit.
It looks like the Fed press conference ending Minute wave A and we are in the early stages of Minute wave B. Fortunately it should be short lived. I project this to end with a bottom around 3360 with about...
I know you've probably seen this kinda chart around many times, but this is only for a reminder.
In this post, iv'e outlined the "phases" within Bitcoin's cycles and the ones it has gone through in the past and what it is most likely to do next. Not saying it will repeat itself, but it is probably best to use as a rough outline.
There isn't much to say really...