After 30 days of correction, BTC has finished the last cycle and started a new cycle of Aug. 2019. The Fib. 38.2% level did hold the price well, from now it turns to strong support for the mid-term move of BTC.
An exaggerated bullish divergence appeared on the H4 chart, responsible for the 25% move up of BTC in the recent days, starts the first wave of Aug. 2019...
BTC shows 2 bearish patterns, including a rising wedge and a regular bearish divergence.
Price is expected to drop to $10,000 - $10,250 area, there will be a good place to buy BTC for higher targets.
The supports, resistances are as shown in the chart.
Since earlier of 2019, XRP usually goes against BTC, this time may not be an exception. BTC, ETH, and XRP are the top 3 highest market cap. coins, while both BTC and ETH show bearish in mid-term, XRP shows an opposite trend.
On the H4 chart, there is a falling wedge pattern that appears clearly, indicates that XRP will pump. Besides, XRP did break out the MA50...
Although having a small jump to $212, ETH still can not break the MA50 resistance on the H4 chart. In a downtrend market, we can't be optimistic with just a few dollars pumping like this.
In a bigger picture, ETH runs to the end of the bearish pennant pattern, it will break down this pattern by ~$60 to $160 area. ETH will follow BTC move in the next days.
A bearish pennant pattern appears on the BTCUSD chart, indicating that the pump and dump schemes in the recent days will end up with a flash crash to $8500 area, as mentioned in the last analysis.
Besides, BTC faces strong resistance of MA50 on the H4 timeframe (around $9800), there was a small chance of BTC to break this resistance on the first try. A decline of...
TRX dumped hard this morning after Justin Sun announced to cancel lunch with Warren Buffet due to kidney stones. On a macro view, technically, TRX has finished a rising wedge pattern and a pullback.
TRX is facing 61.8% Fib. retracement, which is strong and universal support. If this support can't hold the price, TRX will lose 50% value from this price. On the...
A mixed favor of BNB in recent days, it broke out major downtrend line but broke down minor uptrend line. This is due to the strong buy/sell pressure at Fib. 23.6% level. Next days I think BNB will do ranging in an expanding triangle as shown in the chart unless $30 resistance be broken with high volume.
As mentioned in the latest analysis, the MA50 support fails to hold the price that makes BTC returns the 4-digits area. The dumping in this morning starts a mid-term downtrend for the market, which can pull the price down to $7150 (Fib. 61.8%).
Applied Elliott Waves count on macro view, we are in the 3rd wave of Wave C retracement, which the...
BTC dominance (BTC.D) runs in a parabolic curve since April 2019. After got over 32.8% and 50% Fib. retracement (considered as resistances) at around 58% and 65%, BTC.D is now heading to the 61.8% Fib. retracement (at around 72%), which is the strongest resistance.
I expect a strong correction of BTC.D when it reaches the 61.8% Fib., from now to then BTC.D will...
Gold might finish its pullback after broke out the ascending triangle pattern.
This might push the price to a new top high since Sep. 2012.
The next target for Gold (USD/oz) would be $1463 at Fib. 23.6% retracement.
The chart shows a bullish sign for Gold next week.
I feel bearish for the next days, while BTC loses its strength.
BTC will have a leg up to 11k before making another dump.
If BTC loses MA50 support, it will dump to below 10k.
Supports and resistances from Pivots are as shown in the chart.
This analysis follows the last analysis (), where BTC fell to ($9,950 - $10,800) area, with a wick down to $9,500.
From now, BTC runs to the end of the bull flag pattern, confirms by RSI indicator. It says BTC will have chance to break $11,800 strong resistance this week.
Unfortunately, momentum decreasing...
BTC had a massive drop by $2,000 (~7%) in this morning after reached $14,000 resistance (as predicted in the previous post). This correction is needed for BTC's health because of heavy overbought of daily RSI. On the overall, BTC is still in bullish favor if it can hold above $10,300 (key support) in this correction.
We have 2 possible scenarios...
BTC has just broken out an ascending triangle pattern and had a leg up to $11,452. A minor pullback went after that pushed price down to $11,100 to test the upper edge. BTC has enough strength to test those resistances at around $11,800, $12,600, $14,000 and more. To keep the bull favor, BTC needs to trade above the key support at $10,300.
This post is a long-term view for BTC, follows 2 previous posts.
BTC comes to the upper Bollinger Bands (BB) after 17 months in a bear market, which is a super bullish sign for its future. This time Fractal recalls me a similar pattern on 2015, where BTC entered a super bull run from around $400 to near $20,000 for 2 years. This bull run may push...
FTM broke out all downtrend resistances as well as RSI enters bullish area for the first time. Most of the signs has confirmed very bullish future for this coin.
Short-term target is expected to be 61.8% of Fib. retracement at around 0.0335 sats, mid-term target is the last peak. If FTM can break these resistances, a 2x or 3x profit will be easy...
This is an update related to last BTC analysis (see below). Everything has being gone as predicted.
There are no strong resistances for BTC 'till 10k. Rebuy zone for the latecomers is $9050 - $9150 zone.
Supports/resistances are as shown in chart.
IF ICX can break $0.462 (Fib. 61.8%), it will go to the moon. If it can't do it, it continues running in accumulation phase between $0.36 and $0.43 (Fib. 23.6% and 50%).
Details are as shown in chart.