In general, As you can see we have an Elliott Wave Cycle 1-5 there. At this moment we are on the last Wave V. This wave aim to reach price around $6000 or lower.
If you look in more detail, so you can see a flat irregular ABC-correction below 61,8% retrace. But this correction is not enough for significant BTC upward growth.
BTC is an bearish pennant pattern...
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In my opinion, NAV is finishing last ABC correction wave. Which may indicate the upcoming change of trend.\u2028
NavCoin is heading strong resistance EMA21. All previous attempts were not successfull and NAV was bounced down. We need 2x-3x more volume to get through this resistanve line. So, EMA can be considered as a very strong trend indicator....
BTC stuck on market flat below EMA's200 and Kijun's strong resistances lines. In case of breaching there two strong resistance lines BTC will go to uptrend.
Meanwhile, can see the well-known figure named "Bearish Pennant" with the prospect of going to downtrend. SMI indicates overbought.
Possible price movement is mentioned in the TA picture.
I hope you enjoy...
As we see now double bottom was performed and BTC is rising, last 3 days. Anyone could think that bulls have taken control of the market, but there is currently no reason to believe that more downside will not coming. The selling probably is not over. We are still in downtrend.
Let’s look at it:
1) Now, BTC is heading EMA200 and EMA21 trend lines. So EMA200 is...
lets take a look at Bitcoin (BTC) vs USDTether (USDT) Chart - BTC perforiming one Flag another. BTC is so weak - bulls loses every attempt to win.
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BTC is trapped between price levels $9000 - $9200. I expext, in short term, the price will rice to price level around $9300 - $9500. RSI and MACD confirm this trend. But the volume is below average. Without sufficient volume, BTC can not reach EMAs levels above. BTC is also performing bearish "Ascending Broadering Wedge". I still expcet dip below price level $8800...
So the dropdown! Most of traders are already discussing about testing of new resistance level at around 10k$, but I think BTC will test support level soon.
First of all before continue reading you have to understand one thing, today's BTC rise was just a good artificial pump and after a pump there is always a dump.
BTC H3 TF
Yeah, I know, this is not a technical...
ETC was stopped by bottom border of global uptrend channel and seems it reflected ETC up. On the other hand, ETC is forming downtrend symetrical triangle, which has all chances to dropdown price below 0.030 ETH. So, I expect retesting of global uptrend channel. If ETC fails, the next support level is around 0.023 - 0.025 ETH.
Ardor showing Ending Falling Wedge Pattern, in long-term trend, this is reversal signal.
But do not buy now. #Ardor #Cryptocurrency, also showing Ending Descending Triangle, this is bullish. So, I expect dip to price level around 0.000030 - 0.000032.
So buy any levels below 3300 price zone.
20.03.18 - Ardor/Ignis...
BTC at the moment bounce off EMA200 (9100$). This is very strong support level, but if it breaks BTC will go directly to 8000$ with some small stopovers on the support at 8500$ level.
If scenario, mentionet above happen, the next stop will be at 7000$ support level.
But aslo would be good if BTC bounces from current EMA200 level. Truly I expect a reflection of...
ETC dropped to 0.032 and new support is formed around this value. In case of breaking through that level, price go lower - around 0.030 or below.
It is still possible to ETC complete bearish H&S pattern. However, the probability is smaller. We can also see the beginning of the Bearish Flag. I see this option more real. Another Bearish pattern.