Very interesting setup on the Brazilian real. - On the Weekly chart, we can see the room for improvement we have. Both on price and RSI. - On the Daily chart we can see the very nice Adam & Eve Bottom and how price achieved to do a higher low. Watch about the daily closes and RSI (daily) that need to break 54 for a significant push / reversal ?
Short-term, 1 month channel breakout.
Short-term idea. Bearish Wolfe Wave Pattern to find a good entry on the metal bullish move which is brewing.
EUR Basket made of 4 currency pairs is on a congestion of several supports and could breath a bit. Here are the supports: * Lower bound of the descending channel. * 50% level of the pullback * 23.6% level of the bigger picture impulsion. Elder impulse candle color changed from red to blue (before green?) on the daily chart. I also asked myself if we could see...
We just had a mini-breakout but the ceiling is close. In fact, around 2400, many resistances converge there. Triangle in blue. Rising lines within the fork. Major Fibo retracement lines. (area). There are few others not drawed. Any breakout over 2400 would be then quite big. Be ready to move in any 2 directions, choose your side. I stay bullish and buy dips...
We are currently on the edge of a breakout. RSI > 50, green candle: looks like it's a safe bet. Could be very well perceived by bulls if they win it and maintain the uptrend since the major low caracterized by higher lows, highers highs.
The power of the mighty ichimoku cloud at its best. Watch how the (4H) cloud supported the price and avoided a strong bearish scenario. Right now, as you can see, price is fighting Resistances: - 0.382 fibo at 2366 - Oblique resistance from previous high. - Ichimoku Kijun (4H), "the blue line" Supports: - Ichimoku cloud 4H (aka Kumo). - EMA65 (fat grey line)...
Bounce on support-support and RSI breakout (Green Zone) or Die under resistance-resistance and RSI resistance (Red Zone). In addition to these zones, the pitchforks can be used to predict other price movements.
We can see a strong trend reversal pattern. ** Bitstamp: Target 1 hit. Next Target: 522 (in zigzag) ** Huobi Target 1 hit. Next Target: 2947 (in zigzag) By the time we go there, to be over target 2 could end the bearish 2014 trend. Time will tell.
An interesting pattern is in the making. I gave an first draw, the wedges are not so well defined so it's quite difficult to say if they are valid. All my eyes are on the BTC/CNY pair because this is the one which leads the market right now. For any explanations I forward you to the related idea (see below) where the WW pattern is well explained. To make it...
Bitcoin Short term: Price just crossed down a technical level (fibo projections). Which scenario is the next one (most bearish) ? As I'm out the market I'll whatch this closely to maybe find a good windows to enter again. Or stay in fiat for new lower in case of scenario 3 <2000 CNY.
Price is eyeing these targets and I think it's very probable that we will have a correction at these targets. Question is: Which one will be hit first, and lead a first correction? This is pure speculation, H&S patterns are quite subjectives.
Short idea (intraday): Interesting to see if the bullish side of BTC/USD will lead or the bearish side of BTC/CNY will win.
As you can see EMA(65) on the 2H charts has been pinned many time and called some tops. We are right now with a new pin on it, under a huge congestion of resistances which could lead to a breakout to watch for. Indeed, I think the momentum could be enough to go through.
We have two 11 months views. * At your left, a chartist analyze with: - 2 crosses between moving average. One is a kiss of death (bye bye) and one, lately, might be bullish. - Remarkable result where price landed over both moving average. - An ascending triangle which gives good odds to break upward. - A strong resistance under 0.0031 - Volume rising a bit. *...
Updated Version. I've tried to spot every RSI divergences possible post April-2013 bubble on a daily chart. Maybe some are missing, just let a comment to notify. But I think everything is there. I found out: - 3 majors RSI div. in blue. - 4 minors RSI div. in light gray. I called them like this because they weren't significant, as they were quite flat OR...
Updated version HERE: ------------------------- I've tried to spot every RSI divergences possible post April-2013 bubble on a daily chart. Maybe some are missing, just let a comment to notify. But I think everything is there. I found out: - 3 majors RSI div. in blue. - 3 minors RSI div. in light gray. I called them like this because they weren't...
*This is very speculative, I'm cautiously bullish* Yesterday I gave a short advice to buy Namecoin (twitter.com) on any dips @ 0.0026 (which it did). Here is a more detailed explanation of my reasoning. I think most of you have noticed that altcoins made rock bottoms the 9th September. Since then, price spiked rather strongly giving enourmous profits for the...