Lets measure our 20k top to the 13.8k top, this gives us a time period of 560 days.
Now we apply this measurement from 13.8k to present day, this would mean btc could reverse next week according to time deviation.
I think its likely we hit 30k, probably with a fake out and close the weekly candle below 30k and start a reversal.
Thumb up if you would like to...
The strong rejection by the 1,618 fib & later on by the 2,0 fib shows how important the fibs are for Ethereum.
I m curious if we will get a strong rejection again by the next fib, found it interesting so thought i share it here on tv.
A short here is possible with a risk/reward of 20 but very high risk.
Hello fellow traders,
This is no hopium story talk but a technical look on xrp.
I went back in history quiet a bit to see what xrp did before its masive lift off to 3$.
The first thing i want to mention is that xrp came back to the same accumulation zone between 0,118 & 0,325 that we had before its rally to 3$.
The first one took 217 days before breakout,...
100ma is very important on the chart of XMR.
Bounce from the 100ma can result in a big price increase, especially together with this bull flag.
Best place to open long is inbetween 106 / 100$
Like if you found this useful and let me know your thoughts in the comment section!
Btc broke our 2,5 year resistance trendline, whats next?
We got a CME gap at 9670, CME gaps are most likely to fill within the first 24 hours.
This being said its likely for btc to retrace to this level to fill the gap.
Reasons to open long;
-Bullish cross of the 20 and 50ma.
-inverted head and shoulders.
-Cup and handle.
-Break of 2,5 year resistance...
Link had a nice rally up the last few weeks but with any rally comes a correction.
First of all, the inverted cup and handle is bearish pattern telling us there is good possibility for further retracement.
I put the 1D 21ma (green) and the 1D 50ma (blue) on the chart for guidance where price will be heading as these moving averages are very important.
LTC has been in a accumulation zone since april, now looking ready to break out.
We need a break above the 21ma & the falling wedge on the weekly candle.
If broken to the upside the take profit will be 50,8 and the target atleast 62,5.
I would prefer a third touch of the bottom of the channel (bullflag) but it seems like Link wants to breakout.
If Link does break above the channel you can buy on retest of the channel.
If it breaks above the channel it will also be above the 50ma on the 4hr which is also considered bullish.
Perfect third touch of our resistance line drawn from 20k to 14k and now the strong resistance level of 10500$
It also happens to be a perfect third touch of the rising wedge.
Here is the weekly tf.
Are we gonna break 10,5k or get a big rejection here?
Lmk your thoughts in the comments.
Bitcoin Cash halving will happen in 150 minutes.
Now what do we see on the chart?
We arrived at key level of 280,5$ which is a key level for BCH and structure was created here in the fall.
Around this level we also have the top of our upward channel, or rising wedge.
On the daily we got the 55ma sitting at 281,78.
We saw a nice little pump before the halving...
Hey guys, btc has been doing some work and its looking quiet bullish right now but i just want to point out the danger here to you.
We are about to get a dead cross on the daily which is considered bearish.
We are right at the median of our regression channel.
We are back to our 6,8 - 7k resistance zone and getting rejected here will give us a double top.
Bulls have protected the 50ma and the bottom of the channel by pushing btc up by nearly 900$ (15%).
Now it looks like we got rejected again by a important trendline that once acted as support in our downtrend from 10,5k.
Bullish scenario would be to see a push above 7k creating a higher high. if not i think this channel will probably break down on us and act as...
A ascending triangle is a bullish pattern.
To make this triangle more valid i would like to see rejection at 5950$
If this were to happen we can get a third touch of the bottom trendline which will be a good place to open long.