Augustus1st

Augustus1st

After a huge retracement, prices found support on the 0.57$ area, one of the most important long term support. This box show a range scenario, without strong interest from investors on this project for the moment. Two main scenarii : First : prices break the resistance at 0.92$ So the activity should be back and the token will be able to go back at 1$ and...

Augustus1st

Hey all, here's the update on the previous post I made a few weeks ago. Prices bounced and found support on the technical objective of major Wave A , at 16,540$ . The current situation suggest a relief rally with a first medium term target at 28,300$ . We are now in a major Wave B , a corrective wave built in three minor waves. The top of this corrective...

Augustus1st

After a nice bounce thanks to a weaker dollar, prices seems to have touch a high level. For the moment, 1.07382 is the level to break, but the DMI indicator shows that the trend is losing strength, with a falling ADX (in yellow). Main support is still the daily Kijun, if it breaks, daily cloud should be tested soon ! Invalidation of this signal by a breakout...

Augustus1st

Hey all, A few weeks ago I introduced my Elliot Wave theory on Bitcoin . And this post is here to update this theory : -Prices are still in the fifth wave of the corrective Wave A . The first target is hit, this one is located at $16,540$ . We're dealing with a possible bottom if the macro situation has no more bad news. -Following the corrective Wave A , ...

Augustus1st

After the very nice uptrend of the last months, Dollar gives a short term alarm. This one comes after the breakout of the trendline. The last support is the flat of daily SSB at 109.73 points . This first alert signal show a weakness in the dollar bullrun, with momentum that diminished since last week.Also the cross of the daily MACD confirmed the loss of...

Augustus1st

Hey Cosmonauts, After the sweet bullrun of this summer, prices are retracing and are now below the daily cloud . Beware of this area. Currently, the daily Tenkan is a resistance to break to go back at 12.98$ . Note that a strong support saved the prices, it's the Fibonacci golden ratio (0.618) at 11.2$ . The bounce will depend on next trading week, with new...

Augustus1st

Hey Cosmonauts, ATOM remains strong as prices didn't even go below the daily cloud. The main support is still at 12.84$ and the second one at 11.73$ . Note that a clear bullish signal will be given by a break of 14.35$ , with prices exiting the cloud. Cheers Cosmonauts !

Augustus1st

Hey all, On a montlhy chart, prices are giving a bearish signal with a cross of EMA, on the MACD indicator . This bearish signal open a wider window for a more important retracement. First target is located at 73$ , flat of monthly Kijun. Then, 70$ with the golden ratio of Fibonacci extension. On short term the situation is definitely bearish, with...

Augustus1st

Since the beginning of the week prices gives alert signal, with a breakout of daily Kijun. Currently, test of the short term trendline. If it breaks, beware of the trend reversal with 12.29$ as a first target then 11.70$ . Also, daily cloud isn't that far, if we go below, back in bears territory.

Augustus1st

After the last announcements from the FED, prices are going back on medium term supports. A break of one of these levels open the door to a larger corrective period : first target at 3,618$ and second target at 3,494$ . The downtrend is confirmed by strong volumes. Without any good news, beware of bears ! Cheers

Augustus1st

Hey all,n Since the annoucement from the Federal Reserve, yesterday, prices are dragged down by short sellers. Beware of the close of this day's candle. If this is below 18,822$, there is a high probability of a more important retracement, with a first target at 17,619$. Ichimoku shows us that the daily Tenkan is still acting as a resistance, still very...

Augustus1st

Dear Cosmonauts, Since the last few days and the volatility of the current market, Atom remains strong, for the moment. Currently, Daily Kijun isn't broken yet. And prices are invalidating the sell signal (given by a break of daily Kijun). So, 13.67$ is the main support. If this one breaks, then 12.79$ is the next support. The next few hours will be...

Augustus1st

After a massive bounce, prices found a resistance identified a few weeks ago. This resistance is still strong and blocked prices twice in a row. Technically, the main suppor is still the flat of daily Kijun, at 13.67$ . And the uptrend isn't in danger while prices remains above the daily cloud. If the resistance quoted above is broken, 19.4$ as a second...

Augustus1st

Hey all, What a week. Everybody is waiting for the FOMC , tomorrow. The next rate declaration from the Federal Reserve will add a little bit more volatility in the market. About Bitcoin, prices are on the hedge of one of the last support, the previous low, at 18 822$ . This area was defended by the bulls many time. Let's note the positive divergence on the...

Augustus1st

Hey all, The second test of the low of the range permitted to bounce. With a strong green candle. Currently, Lagging Span is stuck by daily cloud. And prices are blocked by 22,000$ resistance. If these resistances are broken, 23,000$ is the next short term objective. Then, as an extension, the 25,000$ resistance. Note that going back above 25,000$ is...

Augustus1st

Hey all, After a few weeks of retracement, Ethereum is trying to get out from its daily cloud. Prices broke the 1,700$ resistance, and Lagging Span also. If prices exit this cloud, 2,200$ is the first target. And 2,590$ the second target, these are two important technical areas. First strong resistance at 1,518$ . Cheers !

Augustus1st

Hey Cosmonauts, Atom is still outperforming Bitcoin and the whole crypto market. Currently, no sign of threat for the short term uptrend. Prices and Lagging Span are still above daily cloud and Kijun. There are two main target for prices, but first, they need to break the resistance at $12.93. Then, flat of daily SSB, at $16.63, and weekly Kijun, at $19.44,...

Augustus1st

Hi all, Here's my count on Bitcoin, and my thought about the current situation : INDEX:BTCUSD On the long term, prices made a perfect count in five primary waves (three motive and two corrective waves), that build the very first cycle wave . Currently, we are in the corrective phase, or wave 2 of the cycle . This wave 2 is composed by three primary...