Bitcoin breaks out the horizontal support at the level of $7200 , which kept the price from a repeated $7000 retest under the pressure of a downward resistance. Now the price is below the support level of the triangle, so the price will be forced to go even lower. Ideally, the price should push off the support at $6990 after the completion of the...
Weekly chart also seems nice. Let's see how precise we can track the price reversal zone. In case of going down to $6000 level we will surely see huge buys from the whole market - this let us name the level as a mirror one. However, it makes no sence to push the price to the mirror level. Thus , the chance of going down to 6k is already low, the only case...
Two bullish signs at once: return inside the channel $6990 - $7400 and formation of inverse H&S pattern. Expect to see strong buys from $6990 level. There are two options for market maker: 1. The growth was used to gain the SHORT position, the H&S pattern is going to be broken and the price will move straight downward in order to update local low levels. 2....
The Elliott wave principle is known to every floor trader. Now, in 2019, I started noticing appearance of huge amount of beginners using this model in their analytics confidently, but could make errors in forms. It leads to formation of wave moving graphic, which don’t correspond to The Elliott wave principle and is wide to be truth. As a result, people lose...
The price continues moving inside the channel $6990 - $7400. Fixing above the upward border - see continuation of a growth. Breakdown of the downward border usually acts like: big red spike and then return into the channel, this option has great chances to happen. Support is very strong and agressive, while resistance doesn't seem even a half as strong as support...
As it was expected, the price has broken through the $7900 level and fell down, fixed below the descending level. Oh, poor $BTC.. Now the price is fixing above the $7400 level, which is a bullish sign after all. Moreover, there is a convergence on RSI, it is completely oversold. However, we can't expect a clear upward movements from current points. This is quite...
Okey, #ETH dumped through all existed supports. Now the price is trying to form a horizontal movements (flat) above the $155 level, which is a little bullish sign. Bullish convergence is still ON. Looking to find some more reversal patterns to start considering going LONG, currently stay away of any positions, just observing.
The price has tested the $177 resistance and rolled back - bearish test. Priority is still downward, target is 169.5$ . Only miracle can cancel this scenario. The miracle is called “another test of the $177 resistance and break out through the one” .
Very strange that the price didn't fall immediately after the spike down, however it doesn't cancel the current downward priority. In the near future we can see another way up to the ±$8250 or a little bit higher levels, but if it happens - only to trigger stop losses . To see a clear upward trend we need to break at least $8250 by 1D candle. Until it...
Perfect picture on #XRP looks like this. However, we all know that H&S pattern works on crypto markets very rarely. More likely, the shoulder bottom will be just broken and the pattern will be invalid. We can see two support levels: $0.24010 and $0.22615, if they stays - pattern keeps valid. Want to remind you that we can consider inverse H&S pattern actual only...
Previous analysis worked out just perfectly. Situation on the #ETH chart is very bearish, took downwards vector and doesn't want to reverse. Breakdown of the $177 level will mean the continuation of a downward movements to $169-$170 zone. No reversal patterns, no overbought signs, but high sell pressure. Trend remains bearish. Will follow the price action when...
Described the perfect picture on the chart: now the price goes down, following an ascending support. The falling wedge was broken, many people were stopped out or even liquidated and the reaction of the market to all these things - further dump, so we expect the price to dump from current points for a little bit lower. Ideally, it is a level of ±$7900 from where...
On the weekly chart we can see how the price moves through the cycles of profit through the mirror level. At first, the price formed the level in the beginning of September 2017 , when the price peak was created and broken through this level in November before the movement to to $19000. Afterwards the price, when nearing the level, used said level before...
The price is consolidating inside the local correctional ascending channel (lol). Closest resistances are 0.045$ and 0.047$. We are going to use these levels to open SHORT from them. Stop Loss right above the highest level. In case of a re-test of the resistance, we are waiting for $0.042 and $0.04 levels, we are going to use them as targets :)
$BNB has grown more from our recent update and now reached the 0.00233 resistance, again. Honestly speaking - breakout now has very low chances to happen. If you held LONG - close at least 50% here, you will be able to buy back at the support a little bit later. In case of a breakout we would give another update and tell where and how to buy.
The coin is still trading inside the horizontal channel, however during the recent impulse bears showed their teeth, while bulls were very weak. Downward movements are in priority now, so we expect the price to hit the down border of the horizontal channel. Moreover, the price came back to the zone below $186. Targets for SHORT are $181 and $177.
The price has faced a strong support level and is now starting to trade in an upward direction. Break through with fixing above the resistance level will lead to the continuation of the upward movement. That is why the arrows look up. If the price remains below this level , then it will be possible to wait for the update of the local lows. Now the priority is...
!!! Before reading further - read the previous update. The price is still moving inside the horizontal channel. Those who followed our advice and traded the price inside the channel now are in great profits, my congratulations. Well, let's back to our channel, currently it looks like a corridor for consolidation, this type of consolidation is very similar to ...