We broke out ofthe falling wedge, going to retest the former red resistance line, bounce up if it acts as support. Green dotted lines are resistances. We might head up to the top (red line and highest green dotted line) and retest the resistance that we are facing since June 2019!
No financial financial advice, just my point of view.
We printed a falling wedge and still go further to the apex of it. Probability is roughly 70% for an upbreak to the upside. I still expect a target to the dotted line/circle-area. Stoploss below the support of the falling wedge. We've a bullish divergence on the RSI on the 4h chart, not on the Daily tho! Let's see how this works out
We dropped form the high of the end of June, down to the 0.618 Fib, we broke out of the falling wedge on the 27th of October. A bullish flag was currently built, I can't explain how and why, but normally the 0.618 Fib bounce goes up to 0.618 aka the dotted red line and red circle, which is by no surprise the target of the bullish flag pattern. This is not a...
We hada small fakeout, built a small Head and Shoulders, I expect we drop through the red support to 8950, retest the built resistance that was used as support and drop further to ~8450, the 0.618 Fib.
Well the Head and Shoulder got completed, which sent BTC directly to the lower trendline of the downtrend. The good thing: Huge bullish divergence on 4h and Daily-Chart, which is a very positive sign. As you can see, we are at the 0.618 Fiblevel, the golden ratio which mostly always gives a good bounce up. I expect a strong move up within the next days. However,...
Struggeling and has numerous court proceedings in different countries all over the world. In many countries, Uber is forbidden and other providers started to run their business. Nevertheless, Bullish divergence and falling wedge, let's see how this will work out
Quick profit, going down after wave 5. IF BCHABC manages to break above the yellow resistance, we might see a nice run. Let's see
RSI and MACD looking very promising.
I am not a financial advisor, it's your own risk but for me it looks good :)
RSI dropping and bearish divergence. I am still very bearish, let's see how it works out. Wedge pattern, regarding decreasing volume, bearish divergence on RSI, MACD will have a crossover too, I think we go further down, I can't see a surprising rise to be honest, I might get surprised but these indications are more than clear for me. We will break the red lower...
I might be completely wrong, but MACD about to cross on 4h and RSI bearish divergence. I do not see an inverse Head and Shoulder and gonna short. We might break overhead resistance, then I think of longing again. Volume not promising either.
Any productive ideas or thoughts? Always up to learn and improve
Stoch turn and overbought
MACD turn and lower.
Fib Ret and count concludes that we got the Top...
Confirmation if it goes lower than wave 3 top (EW rule)
Tweezer Top Candle formation on 4 Hour, if it closes, confirmation to go down
Bounce from A to B for profit:
0.25021 Enter long position
I am no Pro, this is more for my...
We can see pretty clearly that LSK arrived at the bottom of the first 1-5 and ABC cycle, found support at the 0.786 and managed to get to the top of the first sub-wave, found support and closed it's sub-wave 2. LSK had indecision yesterday on all candles, not very surprising with people jumping out to get on the BTC train, LSK got back pretty strong to over...
680 and 630 is the bounce zone for XVG to start it's wave up to 5.
Wave 3 had pretty exact a move up of 1.6 on fib. Wave 4 can't retrace in zone 1 area, therefore I will stack lower than 680 and expect a bounce from 660-630
~ 1230 is the target for wave 5
Input and feedback always appreciated