At the moment the $XLM chart has formed a lot of strong supports below the current level. The strongest one (green) is located at 0.09480 USDT. But this level isn't located very close to the actual price level, the closest one is an upward support from where the price can go upward to the orange level where everything will become clear. If the price takes hold...
Bitcoin went up and faced the resistance at $12500 - $13000 and was rejected to the zone $12000 . There were formed two new support levels: $12430 and $12125 where you can buy. However, I will advise you to buy only after breakout through the $12430, because in case this support won't be broken soon - it might transform into resistance. I mentioned the ...
Hope you have already heard about the recent $WAVES news, because if you didn't read about one - you should probably change the media sources you read. Their CEO is shilling the coin heavily. He told that "$Waves blockchain is going to change forever!" and many more bullish things. We don't know, is it a truth or not, but we definitely know - it is a ...
You asked me to give an update about the $XRP, well - you are welcome! We can some bullish signs: double bottom and the convergece . However, volumes are falling and the price can fall a little bit lower to the horizontal (strong) support which was mentioned on the chart .
Well, as you can see the right chart is 12H and the left one is 4D. Firstly I wanted to use 1D and 1W chart, but they are less detailed. If you remember my idea about bubbles , you will be able to interpret the chart much better. But okay, let's start. I mentioned zones of increased attractiveness and brought them together in categories of growth and fall....
As we've told in the previous BTC UPDATE , the price went upward from the zone $9500 - $10000 and more likely broke through the down-trend. The first phase of growth is very close to the end and now we have to wait for the price reaction on the Magnet-level which was transformed into support. In case it will be broken from top to the bottom, the local...
On the $MTL chart we can see a confirmed strong horizontal support with the test of a downward correction level and a convergence on RSI. Moreover, Stoch RSI came out of the oversold zone which tells us about the local trend reversal. MA on Volumes is trying to go upward too which is a bullish sign too. In case the price will fix below the support, $MTL will...
$BTC has just come to the level $9500 - $10000 and closed a GAP on CME Bitcoin Futures chart. Now we should expect a local trend reversal. Why? There are a bunch of reasons. We can see a bullish convergence on the hourly chart, also we see a logical finish of an ABC correctional phase . By the way, below the $9500 are located a lot of LONG Stop Losses,...
BitTorrent is extremely bullish at the moment. There we can see a double bottom which is supported by a convergence and a strong horizontal support. You can buy the asset in the grey zone (9-11 sats) . Sell targets are on the chart. If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!
$Bitcoin has perfectly reached the support level at $10300 and finished a downward Eliott 1-5 cycle . At the moment I can't see any premises of the trend reversal to downward, so we can expect some upward movements to the $12500 resistance . In case it will be broken - the price will go further upward and face another resistance only at $13890. However, if...
Let's consider the 1D GBP/USD chart. We can see that the price, probably, is forming an inverse H&S pattern. First of all, I want to notice that the price has rejected from a $1.275 level which tells us about a downward mood. Therefore, at the moment we are in a good zone for opening SHORT position. Next, let's consider support levels. We have two...
There is ONE important level on $LTC, we will used one to make the whole analysis you read at the moment. We need to understand that this level can be broken in case $BTC decide to continue its upward rally . In other words, this level is the resistance. If we see that the price trades below this level, H&S or Double Top patterns - we SELL (there are 70%...
Well, $ETH. The market has formed the full 1-5 Elliott Wave cycle, and logically now we should see some correctional movements on the Ethereum. The main resistance at the moment is located at $320, in case the price breaks through this level and takes hold above - the priority will be changed to an upward. However, if bulls are not strong enough to break...
When I look at the EMA on the 2H Bitcoin chart I see that they were broken from the top to the bottom . It is very important to understand, was it fake as it was on the 1-2 wave , or it is a changing of a trend to a correctional phase. To be honest, the second option looks very real, especially when we look at the Fibo levels and at the Eliott Waves cycle...
Today I want to talk with you about Economic Bubbles: how to correctly interpret them and when it is a right moment to buy. Will consider the main phases of such market and the differences between them. Strange though this might sound , the BTC chart is ideal for considering these cases. We will start from the April 2017 when the Bitcoin’s price reached ...
Finally , after HC dump the price broke strong resistance, which means that sellers are gone and buyers are taking over! High volume indicates an interest of the market. At the moment support is at the 0.00038 level. Thus, if the price consolidates below the support, it's wise to get out and sell HC.
So far, Bitcoin perfectly follows our previous analysis. The price rebounded from $10350 support level and went up to $11200 - 11500 area. While the price keeps above $11100 - $11200 level, the priority is LONG with $12000 target. If BTC falls down and fixes below this level, priority changes to SHORT for the further correction to $10000 . Also we can...
On the 4H chart LEO/BTC we can see how the price breaks out through bull flag resistance after stop hunting . This picture shows us the end of a correction and the start of a new bullrun. Targets are on the chart, up to $2.4 . Buy below $1.9 , around $1.8 .