GhosTrader_GT

GhosTrader_GT

In the short term going into next week I expect to see the pair slide further down. Break & close below the trend line (lower channel line) would likely spike interest to short this pair after refusing to make new highs. Candlestick patterns confirms further rejection for a push to the upside.

GhosTrader_GT Updated 

Price has been respecting the fib levels so I take on the fib .618 to be the next likely support/target.

GhosTrader_GT Updated 

Look forward to the nearest target being the 1.3828 (Price Objective for channel) in the short term. Then maybe a retracement before continuing trend and aiming for next resistance.

GhosTrader_GT

Follow through on my last post. Potential Bump and Run pattern on Bitcoin (in the short term) and Price has failed to break above new high. So now consolidating within a range. 2 possible scenarios here. Bounce off support within range and back to 72k-73k level or break below support to meet target objective (53-55k) for Bump and Run pattern.

GhosTrader_GT

Updated chart showing all BTC retracements since 2012 till date. So still hovering above the RESISTANCE of 65k.

GhosTrader_GT

Quick update/analysis worth noting on BITCOIN. Courtesy BITSTAMP M1 chart Correction for bitcoin since 2012 has coincidentally maintained a uniform retracement of 77% to 86%. The most recent retracement being that of wave C, 77%. Though impulse move have also reduced thanks to the involvement of big financial players, lesser volatility & some sort of...

GhosTrader_GT

Litcoin is set for momentum and rise up to first $130 then $270 and $450 respectively.