Market is probably directed to form a bottom inside the support area, once again it is important not to fall below $ 9500.
This brief projection is based on a full study of the current Intermediate Wave 1 I am tracking for the S&P 500 index. We will see upward movement to begin the week with a top in the afternoon on July 2, 2019. We will likely drop 5-10 points into the close on this day. The light blue numbers with parentheses around them represent each wave's end point for the...
COINBASE:BTCUSD is currently in a descending parallel channel, but has a nice support on 10.5 k (2.27 on fib) so once the parallel channel squeezes near the support BTC should be going up again. But then what? It will hit a 13 k (3.27 on fib) resistance, will it have enough momentum to break through? All sorts of news outlets are reporting on BTC so, once the...
Support Area for who want to try a short term reversal is now 9400$-9900$
MACD, Stochastic and RSI all reversing and bouncing off the top of the bollinger band. Opportunity to short on the pullback. Price expected to drop to $132 where the 50day average is and if it breaks that support, possible drop to $120-122 region on the trendline support.
This market analysis represent my opinion, therefore I do not take any responsibility for the use you make of it.
The daily average turned bullish, we are on a resistance price zone but I think it will be broken. In case of retracement to act as support is the average Kama at about $ 8300.
Strong long-term bullish pattern. Recent retracement less than 50%, so the bullish view sustained. Is trading above the value area of the recent range formed. View: Buy above 2100 Target: 2200 SL: 2075
Probably the price goes to the bottom line, and after that the growth until the specified line
Let's take a look at a bigger picture of BTC moves. It appears that a long run up must end with a bit of a 'rest'. Normally, it is roughly a 40% (of the size of the run up) reduction or so the past dictates. The past year's events of this nature were circled on the chart. It appears that last year it was also around June. Interestingly this price reduction would...
EXPECTED TO TOUCH LOVER AND LOVER LEVEL AS SHOWN IN CHART
Has a high potential to grow the next couple of hours/days. You can see a verry strong bullish pattern ( Flag Pattern) and a verry good looking MACD!! Mid/Short term Targets : (1) 12k (2) 14k (3) 16k Keep a eye on it and set a stop loss at 10k!
In the short term, daily chart, there is a congestion between the kama 20-periods and the first line of price deviation. I don't know where it will break but there remains a conflict between the monthly chart, with a confirmed bullish signal, and the weekly one where the bitcoin seems weak. This is why i'm not buying at market but i'll leave, at least for this...
Breakout from a bearish rectangle, a lot of accumulation of orders, leading to a B.O from support, good RR, will see how this plays out after GBP news later on, predicting negative news!
After the failed attempt to break the low (1.129) it made a new high (1.1325) Stoch RSI says overbought. 1.134 is still my target.