About meTechnical analysis of Fiat currencies and cryptocurrencies since 5 years on TV. The WothanCryptoEye Blog: https://steemit.com/@wothancryptoeye
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Price did reach the Weekly R1 after which it put in a shooting star candle and the
next day we saw price complete the pattern, but it is untriggered until a close
below the 10256. Either way the pattern should ideally sit at the top but now its
more in a sideways configuration, which makes me think its more of a retracement
from the proximity of the 12000...
Price has not yet closed below the Cloud, even during the
big crypto sell off in early feb. On feb 11 it managed to close
above the lower Cloud and is since in a consolidation within
it. Today we can see a pinbar right at the Weekly pivot point
and if it close above that level, 121.40, we might see another
attempt to pierce the Cloud to the upside. The projected...
Price just broke above the Cloud with a sharp move and has
reached the Weekly R1 at 250. Above is the Monthly R1 at 267
and then a minor Resistance level at 305 below the all time high
at 375. The breakout is a bit premature, looking at the projected
Cloud which is bearish, so we might see a pullback before
continuation up. Another scenario is a very strong...
Price is trading above the daily pivot point just below a longer
term trendline. The H4 MACD indicator is bearish but it is not
reflected in price action (bullish pressure) and we might see
more consolidation before a bullish MACD cross and an attack
at the trendline. Also, the Weekly pp is untraded and a drop
and test of it at 900 is also in the cards before a...
Bitcoin retraced somewhat yesterday on bearish divergence and
today it pierced below the daily pivot point at 10600 but is now
back up above again with a close. It didn't reach the Kijun sen at
10325 or the channel floor for a test. Also the new Weekly pivot
point sits at 9925 just below the channel, today aligned with the
daily S1. This level would normally have...
Price broke higher and probed above 1.14 late yesterday
but with bearish divergence on H4 timeframe. This warned
of a retracement coming and today we see it play out.
Currently the pair is trading below daily S1 which is a sign
that this may continue lower. First support is on intraday
is at 1.07 and below that the Cloud around S3 at 1.03.
On daily timeframe...
The pair has shifted trend to neutral on daily timeframe
but has failed to break above the Cloud this far and is
currently pulling back towards the lower end of the Cloud.
Support today at 205 which is Cloud support and Weekly R2.
Also notice how price hasn't retested the broken Monthly
pivot point, which may also be a destination on a retracement
from here at...
Price advanced to the Weekly R2 pivot yesterday, hesitated and made a break higher.
Today price has come down for a retest and a test of the daily pivot point at 10750. If the
current 10800 level holds support we might see an attempt to reach the untraded Monthly
pivot point at 12200 which aligns harmonically with the upper ascending channel and
Bitcoin cash is attempting a break higher and is eyeing the
Daily R1 at 1600. Above that level we have the 1700 S/R level.
And just above that the 1750, previous high and the Weekly R2.
A drop back from current levels should find support by the
1480 (Weekly R1) or below that the Cloud. Only a close below
the Cloud will shift intraday focus to the downside and we...
Price is hammering on the 1.14 S/R level and is looking
poised to pop. Next daily resistance is the Weekly R1 at 1.28
and just above that the S/R at 1.335. If price drops down from
current level, we might see a test of the daily pivot point at
1.105 and a close below that, will expose the lower Cloud on
the hourly chart (right chart). To the upside intraday, we...
Price has continued up today, initially spiking higher but bouncing but then
bouncing off resistance just below daily R1 and retracing on some hourly
bearish divergence. Price fell below the daily pivot point at 9870 but managed
to close above again, on some strong hidden bullish divergence. Currently it is
moving up towards the daily high. If it manages to close...
Price is gradually moving higher and is now by the 1.13 resistance and
is about to close above the daily Kijun sen (white line) which is always
a sign of market sentiment change, previously close above was on Jan 13.
On the hourly price has tested the Daily pivot point and the shot up but has
halted halfways to the R1 right at the 1.13 S/R level. As it looks now...
Yesterday price closed right at the top of the resistance zone between 9200-500.
The close was some 2000 sat above the Weekly R1, which was quite a bullish
statement. Today we see it advance without much retracement and is now trading
above the previously broken, longer term trendline, which when it was broken Feb 1
marked the beginning of the last drop to current...
Price is back at the 8850 level and is looking ready to advance and enter the
resistance level 9200-500. On the hourly chart we see a close above the Daily R1
pivot and bullish pressure is clearly visible here. But if price fails to create
momentum at current level, it may drop back yet again, towards the Daily pp
at 8600 or the intraday resistance at 8700 around...
Price has broken a trendline with a strong candle to
the upside and is now above the Weekly R1 pivot
at 177. A bullish MACD cross is also pushing price
higher. A close above the Weekly R1 will expose the
Monthly pp yet untraded at 202. Typically price tends
to gravitate towards the untraded pivot point. The
zone 210-200 will be a stronghold resistance with
Price has fallen back today after we saw a nice bounce
off of the daily SMA200, which is now the important line
of support today at 8100. The strong move up yesterday
was in line with the MACD cross so this far, price action is
looking natural for a continuation up, also in line with the
bullish signal on H4 yesterday as price then closed above
Price has opened and held above the Daily R1 at 8450.
A minor resistance at 8550 and above that the Daily R2
at 8900. A sharper move up will ran into the upper channel
and higher tf S/R level at 9500 which is more of a zone on
the Daily chart 9200-500. If price breach the trendline and
break above and hold with a close, price has entered the
Daily Cloud and...
Ripple shot up yesterday and just touched the Weekly pivot point
at 1.24 after which it dropped back to 1.00 S/R level. Sharp moves.
Today it tried to continue down but has bounced intraday by the Weekly
pivot point. Currently its trading between the Daily pp and S1 and is back
above the Cloud on H4 timeframe. Chances are we will see price advance from