Opening long at target zoom out to 1 hr and we are clearly completely WAVE 1 of a 1-5 elliotts wave. currently sitting in an ABC correction. looking to trade WAVE 3 on the HOURLY which should give us a target around 9400 USD DYOR Good luck ladies and gentlemen
Zcash is in perfect uptrend channel with many bullish signs, but it may experience bit of overheat via regular bearish divergence on 6H RSI chart. RSI is overbought, making lowest high under 70, where the price is trending up. In trading book it may signal for the short. Long term ZEC is super bullish. In near future it may have a bit of decline to existing support.
After overnight run there is a bearish divergency on 2H chart. RSI oversold. We may go down to retest support. We are still in uptrend. Ichimoku cloud act as strong support as well.
Hi everyone! Still looking bearish imo. I can tell the market sentiment is starting to change but it seems like we once again rejected 9000. I think we'll see the bears take over again for a bit - I think we'll bounce pretty hard from 7000 - 7500 and the bear market will end. A double bottom or even lower would seem reasonable based upon the chart but I'm not...
Seems like Bitcoin is touching $8,000 but I think highly it will bounce back up based on the waves. However, still gotta see the news and how the market is reacting to regulations. Mainly the US SEC regulation and the out look of it.
Entry - .00008800 (should of entered here) I think entries around .00009500 are still ok for longer term. Target 1 - .00011200 Target 2 - .00011725 Target 1 is based off the double bottom reversal pattern I believe formed. Target 2 is based on 618 fib extension Current we have move playing out on the 4hr and target 1 will complete the double bottom reverse....
Looking a the 4hr chart for XRP/BTC it looks like a double bottom put in its reversal and XRP ran off a bit. See the update below for screenshot of two possible options. I'll be waiting to see those play out over the next day or so. We ned to wait for the 4hr let us know which way we are moving at the moment. Option 1 - XRP retraces to 382 retrace and bounces...
Simple but sweet~ Descending triangle, however the current last few days has been bullish indicators so if we break the trend resistance we could see a change of pattern and it go to 50% FIB retracement which would be a nice overall 25% profit. If it turns the other way and we break support.. uh oh; my advice is short. IOTA is a good long term hold, under $2...
Digibyte is changing direction of the trend. Bounced off of FIB 0.618 support pretty well. Major downtrend line has been violated and will be confirmed with next daily candle.
Hey everyone.. Check the links below for back history on this and my TA on LTC. Right now, from the 4hr chart, it looks like my thoughts on a double bottom and falling wedge (both indicators of reversal) are potentially starting to come true. (WOOT!!) We have a close above and current confirmation of move to the upside. I'll be monitoring over the next...
As often happens, the short-term 2/1 Gann Fan line happens to line up perfectly with the downtrend line that BTC has been following since this corrective cycle began in mid-December. You can get a better view of the downtrend below: In my opinion, this line simply has to be broken before we can be confidently bullish. Personally, I'm slightly, very...
ETH has bounced off horizontal and MA 50 Support Volume has been decreasing since the bottom reversal and we have entered a consolidation period where a breakout is nearing. This Trade could play out in 2 ways, Upside : Price Breaks through resistance at 850, Hits Horizontal resistance from major downtrend, tests resistance turned support at 850, and then...
Syscoin ($SYS) having mainnet release for Blockmarket Web 1.0 & Desktop 1.x with Masternodes v1.0 by end of feb and not only that, There will be a hard fork for the masternode release closer to the end of February/March as well. Higher think price will go up soon and on top of that, using TA, we can see a flag forming as well with price consolidating between 6200...
Based on Elliot wave TA, we have finished wave 5 to the low-trend. There are much BULLISH signals now such as double bottom @ RSI , big volume rise, MACD bullishly converging. Based on .618 Fib Retracement level, we are going up high back to T1- 13000$, in 1week-2week time frame. Regards, Moses
EDUCATION: What is a Falling Wedge ? We can observe a bullish pattern here, a Falling Wedge, that begins wide at the top and contracts as prices move lower. The price action forms a cone that slopes down as the reaction highs and reactions lows converge. Each high is lower than the previous high, and each low is lower than the previous low. We need the price to...
BTC / USD 6th February TA I believe there is a fair probability we have " bottomed out " once and for all at 6k and here is why. In this TA I have spent around 1 hour 50 on, I will be going over the different patterns I have spotted and what they mean in terms of the relative supports, resistances and growth for BTC if these patterns play out. I have tried to...
Part 2 - looks like a bounce around $5k coming.
Same pattern developing here, looking for a bounce just above $5k.