This is just a downtrend line on 1D log chart. Keep an eye for either a break up or downtrend cont. after this line is touched.
Of course, break up = buy in slowly with a stop loss. A drop = Stay away till the downtrend resistance is broken.
Condition: Breaking above the downtrend line
BB +Fib+ CTI+MACD+Fractel from 2013
Estimate target and duration are mentioned in the chart.
Personal opinion: 70% chance of working out
30% of this idea working out:
I'm sure you've heard the partnership news with ICX and Line, as well as Samsung pay.
Right now ICX is undervalued compared to other top 10 coins such as EOS. I'm expecting that ICX will hit 200% profit within a month from now. Target is indicated in the chart.
Its been a while since I posted a Bitcoin chart with details. Really busy with graduate studies.
The chart is in logarithmic scale. Blue/Red lines are from a regression channel.
So just a quick recap; BTC broke out of the log downtrend line, so I'm expecting a rise to sub 10-11k$ as indicated in the chart.
There is a strong support at around 8.4k$.
Finally, there is some resistance at 9.7k. Thats where we saw BTC drop. The drop was totally normal to reset some of the indicators such as RSI/MACD etc... also the candle was at the ...
I hope everybody is doing well.
I'm going to keep this brief.
From the last post we called the falling wedge breakout with a first target of 9.2k and a second target of 10.8k at which the log-scale downtrend resistance line will either be broken or we will go down to lower support levels.
Well, the price went up quite a bit (from 7300$) and the market looks ...
Its been a while since I have done an update. As in the chart, we can see a falling wedge, these tend to break upwards, the technical target is around 10800$.
This pattern/Idea is only valid upon breaking out. So I wouldn't recommend buying in right away. Instead, wait for the breakout and candle closure above the resistance line for confirmation.
This chart is only valid once the condition indicated is met. Which is breaking below 9200$ as indicated in the chart.
We have three possibilities one of which will work out (again once the condition is met)
The first possibility is finding support on the March 2017 uptrend line which is also the end of the cloud as well as a fib level.
The second ...
This is just a quick update that the price didn't break through the downtrend yet as everybody else is claiming.
Remember H&S is only a possibility once the neckline is broken. Sad to see half of the community miss using H&S by picking random shoulders, random necklines and prematurely using it as a fact that will happen for sure hence ignoring other ...
Bitcoin broke up through the daily downtrend line. However, the log downtrend line is still valid, which is shown in the chart. We can notice that we are in a descending broadening wedge, which usually touches the lower support 3-4 times before breaking out. The initial target when it breaks the falling wedge is going to be 25k$.
There are three possible ...
All the previous ideas posted for Bitcoin are closed since all of them reached targets with no exception.
I'm expecting a drop in the price for one more time before going long.
Lets get right into it:
So there is a clear pattern in the chart since the downtrend started which is shown on the chart. Basically, the price goes down to a Fib level (1), goes ...
Let's get right into it:
1-D time frame
RSI: Near oversold - Bullish
Coral Trend: Bearish (Delayed)
Notes: Ok, so the target mentioned in the previous analysis was reached (7900$). A rebound occurred, but I expected a stronger reversal. Hence why I'm not confident that this is the bottom.