CapMoore

Price has broken above a longer term trendline, seen on the daily chart and has reached and tested the Monthly pivot point as was the initial target of a breakout, at 8400. Currently price is retracting from this level and we might see a test of the new Weekly pivot point at 7800. We also see some bearish divergence. A move down to approximately 7500 should be ...

Price has reached the important trendline going back to the all time high late last year. Bulls would like to see a clear break of it and also a move above the Cloud and the SMA200, currently at 9600. Normally these types of trendline breaks will be retested, either by the breakout level or the trendline itself, but at rarer cases it will be left behind ...

Price is still inside the triangle just below the Cloud resistance on H4 timeframe. If we look at the daily chart to the left, we see a longer term trendline that goes all the way back to Dec 17 and the all time high. It's been tested twice since the top and if price can reach it again, it will be interesting to see if it can break it. That would be a ...

Price has continued to press lower with short relief rallies being sold off. Currently it has broken the intraday trendline that goes back to the 11490 high on March 5. We see that the break lacks momentum and was quickly sold off and a retest of the trendline is in place. This is also forming a triangle pattern. If price breaks lower and close below the triangle ...

Since the pair failed to hold inside the daily Cloud it has dropped off significantly. We have a new monthly and weekly pivot point in place. The monthly is at 8400 and the weekly 7250. We have to go all the way to this hourly timeframe to see some signs of relief from the bearish trend, as price now is probing above the Cloud, with a twist in place too. We also ...

Price has broken above the Cloud on a bullish twist, and we have a buy signal in place, confirmed by the lagging span. Price has tested the Daily R1 and is now retesting Cloud support and possibly the Daily pivot point at 8750. Traders who use this timeframe and are trendfollowers, could buy and trail a stop by the Kijun Sen (whtie line) and use it either on a ...

On the daily timeframe price is trying to form a bottom and did close above the Weekly pivot point yesterday at 8470. The descending bullish projected Cloud is something seen only in very volatile markets. Currently it has flattened but ideally we like to see it expand and ascend, to "drag" price with it. The trend is bearish and price is trading below the SMA200 ...

Price is sitting right by the 61,8 fib retracement of the swing Feb 6/Feb 20 and currently a triangular pennant is formed between the two support & resistance zones (red areas). The support zone below the current low stands at 7000 which is the 78,6 fib and the Monthly S1. Price shouldn't daily close below the latter (6900) since it would expose the 5900 low. A ...

Not much is happening with Bitcoin the last days. Price is holding above the SMA200 (blue line) and is being supported by the lower Cloud too. If price close at current level with a doji, it will open below the Cloud tomorrow. With a clearly bullish Cloud twist (though descending) the normal scenario is that price returns back inside the Cloud with a ...

Price is retesting the bottom of the Cloud today after putting in a nice Hammer candle two days ago on the daily chart. The previous 30 min candle was about $370 which is the biggest 30 min candle to the upside since the bottom on Feb 6. This may indicate that larger buyers are stepping in and that we may actully see a bottom forming right at the Cloud ...

Price has come down sharply to the floor of the Cloud and has hit the Weekly S2 and the 50% fib of the recent upswing. There is also Hidden Bullish Divergence between current levels and the Feb 6 low, even though the current move hasn't bottomed out just yet. The whole process of shifting trend on the daily timeframe takes time and I think that is what we are ...

Price has dropped off sharply during the day and has almost reached the Monthly pivot point at 9375 which is also previous low and the 61,8 fib that's been tested before as support. Price is currently back inside the descending channel, but we have to wait for a close to see it confirmed. Either way, even with a close below it, the important thing is if price ...

Bulls may be slightly nervous about price being unable to take out the Jan 28 & Feb 20 highs. Still as long as price holds above the channel the outlook is bullish. Also price hasn't yet retested the Cloud after the breakout on March 1. The bearish divergence seen by the recent top, finally resulted in a move down. If we see support by the Weekly pp and a ...

Ripple has made a move up and traded the Weekly R1 at 1.08. Currently its retracing some of that. We can see a massive Cloud ahead of price and we are also starting to see a slight pinching in the projected Cloud. The Monthly pivot point at 0.89 has given good support and the MACD indicator has turned bullish again. Because of the large resistance of the Cloud ...

Price has hit the 9200-500 solid resistance and is currently showing some signs of weakness, especially on the H4 timeframe were we see bearish divergence. Still, I think the close yesterday above the Feb 20 close showed determination from Bulls. Next weeks new weekly pivots will give more guidance as of supports below, but in general, price should not close ...

Price is trading inside the Cloud in neutral territory. From a Ichimoku perspective, with slightly higher highs/lows, it may be waiting for a bullish Cloud twist, before making a real breakout attempt to the upside. Ofcourse, Bulls may worry that price has moved below the Weekly pivot point at 122, but we do see the yet untraded Monthly pivot point at 114.5 which ...

Price has broken above the long term bearish channel and entered the Cloud on the daily timeframe. Right now it is facing the Weekly R1 pivot at 11160. The red line marks the important 61,8 fib on daily tf, which has previously acted resistance. The trend has shifted from bearish to neutral on daily tf and here on the H4 chart trend is bullish with a bullish twist ...

Ripple has been consolidating in bearish territory for a week by the Monthly pivot point at 0.89 and has oscillated up to the 0.97 S/R level. Bulls would like to see a break of this pattern and a close above the Weekly pp at 0.96 which could open up for a pop towards the Weekly R1 at 1.07. Above that are the pivot confluence at 1.22-24 (Monthly R1/Weekly R2) and ...