As said previously in my analysis, the BTC price has drifted between the $3,950-$4,000 level more than 8 days with some small exceptions.
The price has printed a nice consolidation area around the $4k (yellowish box) but it starts to show some weaknesses inside of this box.
First of all, it is below the major counter trendline and if the 4H candle gets a close...
ETH try to break down symetrical triangle pattern.
We have one last support at 132.27, If this support also break, Our bearish projection at 120.91 (9.86% / $13.21)
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Note : I take short sell with x5 leverage, stoploss if bullish confirmation (Channel down resistance at previous analysis)...
BitTorrent (BTTBTC) continues consolidating with pure sideways action.
When BitTorrent broke the 20 satoshis resistance that was sitting at EMA10 on the 17th March, it didn't gain enough momentum to remain above 22 satoshis. It did hit 23 satoshis but it failed to remain above this level. BTTBTC needed a close above 22 satoshis in order to be able to continue its...
Still moving quite stable and inside the 3940/4000 range. Have been moving sideways for more than a week now. Few days ago it seemed like the bulls were planning to break upwards but the volume and conviction fell short and the bears took over and pushed the price down within minutes. During that drop the OI dropped 30/40 mil but very quickly it was increasing...
Right now bitcoin stop perfectly at our previous analysis target at 3860
are bearish really stop?
not yet, we still have more deep target at Fibonacci support at 3785.
Btw, new pattern still not perform yet, we will have one more pattern (wave) before reach our target.
I will update this analysis once we have a good bearish or bullish signal.
Don't forget to...
HISTORY DOESN'T REPEAT ITSELF, HOWEVER THEY ARE OFTEN ALIKE.
Sounds familiar, right? Well, I want to repeat that sentence, as I feel I have to in the current market circumstances.
What's the hardest part to deal with in trading land? Well, social media. When a few people start to become bullish, the whole group is taking over, while there are not many reasons...
This helps to understand where we are are at in the overall structure! We have finally come to the lower channel line...now is the time!
Leave a comment! Click the like? Over 700 hundred people looked at the last chart, and but a handful of people click the like, why is that? Did that many people not like the chart? Tough crowd! Oh well, lets see after this one.
If we look at the weekly chart, we can see that the price is at important trend lines. We could draw them using different swing highs. That's why I decided to put two trend lines which now form a resistance zone with 4000.00 resistance level.
The price bounced from SMA200 and made an upward movement. We got many small candles telling us that bulls are not so...
The new BitMEX future contracts are out, so we get crappy charts, yet, we can still track these by looking at the BTC pairs.
So as you can see on the right-hand side chart, EMA200 held nicely as support and a strong bounce followed. We have increasing volume and a strong set up for a LONG trade.
Both the RSI and MACD are also bullish.
Normally I would write...
Remember how I keep on mentioning that my trades are clearly marked?
When I share a trade rather than chart analysis, you will see the altcoin pair and profits potential listed on the title, i.e. (NPXSBTC)(70%).
Quick analysis for Pundi X vs Bitcoin
Breaking above resistance (Moving Averages).
MACD bullish crossover.
We already wait for this pullback at previous analysis.
We can buy Lumen right now or wait at support zone at 2469-2559
and aim for target at 3099.
We also have maximum projection at 4456 with 80% profit
Today we have 3946 as previous support become resistance (classic support and resistance). This level also as Fibonacci 618 resistance.
If this level able to hold bullish, it will confirm bearish with a new lower target at 3807 (fibonacci 1.618)
This pattern still unconfirmed as bullish 3 drives, and it will complete as bullish 3 drives once we reach 3807 with...
The market forms a pennant chart pattern which belongs to a continuation group of patterns. The price tries to break the upper line of the pattern. If this attempt is successful, the market will give a buying opportunity. Stop orders should be placed below the local support and the swing low. Profit targets will be at the resistance levels.
RSI confirms the...
NANO Isn't really looking bullish to me as it is trading below all major resistance in the form of moving averages, yet, here we are...
Feel free to hit like now, if you want to... and let's continue.
So, MA200 (black line) is the resistance that has been holding NANOBTC price down, if this level can be broken, you can expect strong bullish action.
As for the...
Looking at SKY setup its painted plainly Bullish setup with price breakout from falling wedge and re-test with bounce. We have immediate resistance at th end of the downtrend channel which I believe will be break to pave way for huge price movement.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch...
RenBtc breakout from falling wedge with potentail Inverse head and shoulder pattern.
Kindly follow the suggested buy zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
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