Price drops aggressively since yesterday and could reach the first downside obstacle from the ML. Technically, it could drop further after the failure to test and retest the lower median line (lml). It could also be attracted by the 150% Fibonacci line.
Price it has rallied as expected after the false breakdown below the downtrend line and below the median line (ML). The first obstacle will be at the inside sliding line (sl). The 50% Fibonacci line of the descending pitchfork represents a very strong resistance as well.
Week 29 - Market Update Hello everyone, welcome to this weeks market update. As usual, let’s start with the weekly chart. WEEKLY Not much has changed on the weekly chart. Our outlook is still that we will break the support around 6000 and then rapidly fall to 5000, eventually going even lower. However at the moment we seem to be working on a correction of...
You can buy a valid breakout above the downtrend and if the rate will jump and close above the 0.00330750 yesterday's high.
A valid breakdown below the warning line (wl1) will signal a further drop towards the 250% Fibonacci line.
Hi everyone, Kindly Remember to like the Idea if you feel it deserves it. It helps the channel and is greatly appreciated. Good opportunity here in the 1h. From 599.49 low, the first sequence is a leading diagonale that ends at 831.00. From there, the first sequence to 737.22 is truncated and failure to take out the high on 04/07/2018 would result in bchusd...
Hi everyone, New idea for BTCUSD with a trade setup for soon, hopefully. Remember to like the post if you feel it deserves it. It helps me a lot and is very much appreciated. Thanks BTCUSD 1h ASIA UPDATE - 05/07/2018 With this new high at 6,792.28 and rsi divergence, we have enough swings to the upside to call first leg of new cycle from 24/06/20178 completed,...
Hi guys, Please do not forget to like the Idea if you feel it deserves it. It is very much appreciated as it helps the channel. Thanks ZRXUSD 1H ASIA UPDATE - 05/07/2018 Following previous post in the 4h, here is the plan. Chart self explanatory. Green box is a sure buy (in the sense that I will buy there for sure), yellow one is shaky as we would have a...
Hi everyone, Hope you guys are doing fine. As a reminder, please like the Idea if you fell like it deserves it, this helps tremendously the channel. Thanks in advance. ZRXUSD has been good to me in March and I wanted to share with you here this 4h chart because we have some good potential. I will post the 1h if we have a possible pullback as 0.574026 looks...
Hi everyone, And I'm back (and happy) to posting here in TradingView. It's been a long time, lot's of change and new stuff... Anyhow, back to the chart. Break of 5,920.72 was bad! Very bad! It was predictable as an option only but it is what it is, I guess. I'm out of all my positions in BTCUSD (stopped out at break even). The good point (for bulls) is that...
The crypto pair will increase further if the rate will make a valid breakout above the 0.00000711 resistance. It could be attracted by the median line (ml) if it stays within the ascending pitchfork's body.
The crypto pair will be expected to drop towards the 0.000069000 low if it will close below the 0.000074180 Wednesday's low.
The rate was almost to reach the lower median line (lml) of the minor ascending pitchfork but it has rebounded a little in the yesterday's session. Only a valid breakdown will confirm a further drop towards the ML and towards the 150% line.
The crypto pair will drop aggressively after a valid breakdown below the 50% Fibonacci line of the major descending pitchfork. Price has rebounded today and is signaling a false breakdown below the confluence area. A further drop will be invalidated by a valid breakout above the SL and SL1.
I think there is a reversal coming soon on CAD/CHF - HERE is my ANALYSIS ! Scenario number one is looking for the bounce as price comes to the Trendline second Scenario if price breaks the Trendline we will be heading down to the lower support zones which also represents the all time lows These are strong ares to consider buy setups.
ETHUSD 4H UPDATE - 21/06/2018 From 358.40 low, ETHUSD posted a clear motive 5 waves to 832.37 high. Since then, market has been correcting. Equal leg for green cycle was projecting 548.82-502.99 with possible extension to 428.82 and initial call of correction ending at 506.30 has been denied but the view remained unchanged. With new low at 449.65 with RSI...
BTCUSD 1H ASIA UPDATE - 21/06/2018 Bitcoin ended the sequence from 7,790.69 high at 6,120.00 with break of RSI trendline on 18/06/2018/ And therefore, cycle from 25/04/2018 is called ended, providing an opportunity for the historic crypto to resume. Shorter term, equal leg of cycle from 6,120.00 projects 6,904.81-7,038.96 in a possible regular FLAT (3-3-5) if we...