As you can see, we have a regular flat after a sharp up impulse which broke both yellow and blue trendlines. Inside of the correction, we have a 3-wave structure. There is no divergence between the A and C waves which can be a problem. That being said, the yellow C wave has reached 0.500 retracements of the blue A as well as 0.272 extensions of the...
The market is still flat although the bitcoin has managed to return above the Kama average in a position of strength after several weeks below it.
A break above the resistance zone (above 12200$) would confirm the recovery of the trend.
From tomorrow i'm on holiday, see you in September, there will be updates only in case of emergencies:)
The long awaited move by ALGO has begun, breaking the long resistance in stoch RSI on the 6 and 12 hour charts. It's made the biggest move since Aug 14 and all other signs are positive too.
I believe it has completed its first small wave with it currently in a small downtrend. I am expecting it to rise to the peak RSI on the 6 hr chart in the short term.
Bitcoin reversed from 9200$ yesterday and completed wave C with bullish divergence on RSI.
Noticed this reversal signals in previous Bitcoin update here:
Now we can wait for continuation of trend here as it broke downtrend channel after bullish divergence between 9890$ and 9081$ levels. RSI reversed on...
I wanted to shoot this out before I retire to bed this evening.
MATIC/USDT is showing bullish signs on the 4 hour chart. It has just crossed the 90 EMA. From history, it has sky rocketed every single time it has done this since May this year.
Based on the previous cross over on 6 August, it has the potential to rise to the 5.786 fibb mark (or...
Good morning Asia! I hope you have a deserved rest over the weekend and are bright and alert for a fresh new week.
While I await a positive sign/change from ALGO/USDT, I would like to share with you my crypto of the day - LINK/USDT.
It is showing signs of the start of a new uptrend. Retracing from the low of the previous uptrend in April this year (where the...
Good morning to everybody in Asia and good evening to the rest of the world.
My crypto of the day is ALGO/USDT, one that has been downtrending for a very looooooong time. Based on my TA. I believe this is going to change.
Long-term analysis (as long as it can get for ALGO :) ) indicates this is heading in the same direction as BTC did when it first turned up...
MATIC/USDT has turned up again in the last few hours (while I had the most beautiful, peaceful sleep after 3 days of international client meetings which entailed waking up in the wee hours to provide trade signals on my premium telegram channel - a 53% ROI in the last MATIC run).
Based on the previous run which ended somewhat disappointingly (yes, I wasn't happy...
Like I said Long-term we are still in the bull market.
Short-therm on the 1h chart we are also in the bull market since July 31, 2019.
In my personal opinion, it is a good time to open long positions.
All these predictions are made by Quantitative Analysis Algorithms following short term trends. These Quantitative Analysis Algorithms will calculate maximum correction relative to previous impulses.
Relative to previous bullish impulse we are now in a bearish correction. So algorithm expecting a short term bullish impulse.
Price seems struggling at the current level around 10500 and since we had a big increase yesterday we might see a correction in the near-term. I think many analysts will predict this to trend down to new lows as many said previously. However, I think the correction will be short-lived and fomo will be big. Also keep your eyes open for any news about US bitcoin...
Lots of people seem to wait for a deeper correction before a "clean start" up. I think BTCUSD will go against the masses and surprise us with a sudden spike up to above $10k in the coming days or less. After that it's still possible to get a deeper correction, but we'll see.
If you look at the chart from Dec 2017 we are following a very similar pattern for quite some time and to be honest 50 and 200 EMA might keep us with the same pattern.
If we will bounce back at the level of 9880 to bearish, it's not a bad idea to open a short position.
This is just my idea, not advice.
Make your own research before you place any orders.