If we look at the movements of the last weeks, we could extrapolate the trend lines on the basis of fibo under the condition that the top is around 900 USD (fibo 1). So there could be two possible trend ways up to the target 1.300 USD. it is very rough, but possible. Correction way 1 to around 575 USD. Correction way 2 to around 400 USD with a between high to 760...
Just an update on my prior charts, it's looking very good for a sharp move to the upside if you clearly just watch how the correction is developing, prepare for a sharp impulse up but WAIT for the pullback please! thanks good luck,
there are some divergences, But DIVERGENCE IS NOT EVERYTHING. It should break down trend line to open long position. Once it breaks, we can expect 944 and even 1200 level
Bitcoin cash has pulled back after last weeks epic rally. See if it forms a base.
Impulse to the left and now we are currently in a correction, it's very simple to trade wait for the break and then the pullback and trading the reversal within that pullback $1120 is the target, Remember Bytecoin is in an uptrend, the odds are in your hands if trading with the trend! Good Luck,
Volume picking up as the 30 minute candle closes above resistance level
Same pattern as yesterday continues as we are on our 2nd inside bar on the daily time frame in a row. If not in a position we can patiently watch and look to enter on bullish momentum. If in a position we can have a stop level if the higher low pattern breaks. Move imminent and will come with a volume spike.
We will have to wait and see if this market is expecting a follow-up rally, that initial up move had some serious weight behind it. I would be shitting my pants if I was a bear right now
Price is currently sitting at a 50% pullback level from all-time high. This beast is not done with the $1,000 level IMO - Great spot to start building back in.
My original forecast was $1000, Due to the pullback we have a chance to reach $1120. We have a reversal on the pullback and a potential close above the 10EMA. Great Potential Trade! Always use a stop loss, don't risk anymore than 2-3% of your account.
Elliot wave cycle seems to be complete here - aligning nicely with a 50% correction & 1.61% extension levels from previous high. I would like to see a nice base form around this $550 level then trend higher to confirm my analysis, but this is the best I can do for now - I will be watching this market closely as more volume starts entering the arena. I would love...
$675 Has been well respected all weekend looking for a bullish reaction to start the drive up to $941 weekly target.