Be very careful in your positions if BTC is on a timeline. Sharp moves or trend reverses are expected.
Remember, timelines can speed up the trend too. But in the right situation.
For example, Think about a bull trend. after several bullish candles, we have some low energy candles or even sideways move and after that, we reach to a timeline. In this case, we...
Today's Technical Analysis will be on LINKBTC with its decent retracement from its blue sky breakout.
Points to consider
- Held support at the .618 Fibonacci level (Fib levels are only considering body candles not wicks in this TA)
- Three touches confirming trend line
- Structure has been putting in lower highs and higher highs
Bitcoin just broke the triangle that we`ve been talking about aaand.
We are just sitting around the EMAs.
IF we manage to be above this level, we can see another positive wave with targets on the U$11.200 - U$11.400 Zone.
The stop loss is around U$10.300
RSI - Bullish
MACD - Bullish.
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Progressions of the Median
Biff Bam Boom , 3 times the goat..
What comes next ?
3k by October , 900 by 2020.. or other..
can we make a better future outcome , something more comforting and homely . hmmm
My TA as listed above. AMD for a buy on Monday, Stoch RSI on upswing, Gann Fan is probabilistic and resistance tested too many times. Yellow resistance above will be new support, set stop loss there. Only way it wont break resistance is if trade war escalates. Comment below with your thoughts. Happy trading!
As is the case with many other alts, Gulden (NLG) suffered hard from BTC's bullrun.
Now has the time come for Gulden to shine once again.
Looking at the 1 year chart and the MACD, MA-cross and the RSI, we notice that Gulden is almost on it's way to the 300-600 sats region. Buy at these low sats as we are heading towards the first resistances at 350 and 500 sat....
MSFT just set an ATH, expect a healthy retracement to top of Ichi cloud/.236 Fib line
Not much else, just using assumptions.
ATH set, expect a healthy retracement or else overextension will occur and a large drop in price will ensue
10MA crossed 20MA yesterday.
MACD also followed the same pattern.
RSI(14) is around 60s
CCI(20) is around 118 (Kinda overbought but still continues)
BB also tightening which also implies a move coming.
First level $176.84
If pulls back to $160, Enter
if not, stop buy at $167.85
MFI reads highly oversold, indicating a reversal in the downward trend
Expect resistance at either the pink line ~$332 or the TD line ~$328. (Green arrow ends at TD line)
Once price is rejected by resistance, we should see NFLX find support at the yellow line ~$313.
Trend could continue downward but there is strong support from the Ichimoku Cloud that could keep...
Just a few minutes ago, bitcoin surge about 1000 USD from ~ 9200 to ~ 10400. lots of pain for bears, especially whom holding high leverage short contract.
But when I check the fractal for bitcoin, there is a pattern very similar to current chart, which happen in 11.Mar. 2018. The similarities are:
Double top in 4H time frame.
Bitcoin price break...
While some are saying that these declines are corrections, others say its a bear market.. but, I say it has a lot to do with the recent threats of cryptocurrency regulations and the Facebook Libra hearings. Keep an eye out, because Libra was put on pause until Facebook can be grilled about Libra. Libra isn't the issue, but regulations are. Just like stock markets...