Any one who argues that the bullish push from January isn't an impulsive wave needs to shut up and study up on TA.
The aspect of TA here would be the Elliotts Wave Analysis.
We should expect a maximum pull back to 50% ($8,543)
If the market pulls below 66% ($6,873 : on a closing basis) we should expect further market liquidation.
I presume that this analysis...
DJI may be coming up to test the internal pink trend line for the opens.
Supporting evidence for this is an oversold status on RSI, pink trend line falls right on 33% retracment, previous candle displays market uncertainty.
Trade with caution.
The ascending wedge is notorious for bearish signals especially at the tops of markets which is like gold.
I did this analysis at 0743 EST, by 0930 it was testing the internal pink line.
I've said that the markets are due a correction about a year ago, I believe we're getting closer and closer.
I'll be writing a better analysis later tonight or tomorrow...
BTC seems to have performed a BAT pattern. Typically targets begin at 88.6% on fibonacci retracment
If this is true, the market will drop to $8,231 which is where a long position would fall to place.
Supporting evidence for this call is the strong momentum to the downside along with the current daily engulfed bearish candle at the time of this writing.
Market may come into bear trend (market sell-off) and go down again a good place to make a market order would be at 2525
Stop loss (S/L) set at 2491 a 1.39% loss
Take profit (T/P) set at 2633 a 4.35% gain
Execute with your own discretion
Hey everyone, we all know that over the past couple of months the crypto market was in a major bear market.
Above you should note the resistance line at 118.60 & 133.91 (this is the range of interest right now)
Most importantly however I want to point out the black internal trend line extending from left to right.
This is important because as we reach closer...
Hey all, above we've got the 4 Hour chart up for BTCUSDT ( Binance ) -
You'll notice an inverse head and shoulders (H&S) that we failed to break up out of, to the right of the H&S I've illustrated a bat pattern with its potential to complete it's D Leg.
Awaiting break above $7788 (closing basis) a break above may send us to $8550 if the market doesn't pick up...
Long term investors seem to have been turned off by facebook as they may have been breaching the FTC privacy deal by sharing data of tens of millions of users with a data analysis firm that later worked for President Trump’s 2016 campaign ; triggering the risk of massive fines.
We're currently testing a neckline of a head and shoulders pattern found on lower...
It seems as though XEM may be retracing after moving aggressively to the upside.
Minor Bull trend is rendered stable, however; if bearish momentum is held strong we may bounce off that trend slightly thus creating a head and shoulders. Will keep updated.
0.000042 would be an ideal buy zone.
A break and close below may send us to 0.000035
Daily time frames...
If Bitcoin breaks above $11.2k we will test at $11.8k if theres enough momentum behind the market we may see a high drive towards $12.2k
A break below $10k may send us towards $9.2k
Eyes out for breakout!
www.youtube.com < Trend Line Analysis Guide
www.youtube.com < S&R Guide & Identifying...
On the monthly time frame we can see an inclined head and shoulders formation which the market has effectively broken. A retrace to 74 is possible, on the daily time frame we have an internal bear trend that the market could bounce off of.
A break below 82 may send the market to 77