I am using an algorithmic chart to get a better look at the current BTC structure.
The major support is illustrated by the black horizontal lines, notice their numerical dollar value US on the right hand chart of the chart, 6k,5k,3km etc.
The blue arrows indicate key points where major horizontal support and major support from higher MA is likely to meet, notice...
Exactly as expected, and I said in my previous BTC posts, (first target 8K was reached) - before a massive sell off at the 8K resistance level.
I am personally still Bearish on BTC, the reason for that is that if you noticed the MA 200 and MA 50, have only recently become bearish in the daily.
Like I said before in various of my previous post BTC will remain...
AUDUSD short trade set up. Start 5/06/18.
On Monday AUDUSD rebounded very nicely from 0.74733 to 0.76650. A nice 90 pips or so.
It is basically, on a upwards channel trying to break major support.
But it has not broken major support at 0.76650 and was strongly rejected.
Short set up to 0.75428, second target 0.75032.
Stop loss 0.76450
BTC has quietly crashed thru major supports, in my previous post I mentioned divergence present in the lower time frame.
It is now moving closely moving to the 7.2K key support lines, with the MACD and RSI still bearish in the higher time frames.
We could see a breach of key support lines in the coming week.
BTC has reached a key point in the triangle pattern which has been forming since December last year.
BTC needs to overcome major resistance, for a major bull drive to happen.
At this current point the MACD, RSI and 200 MA in the daily, weekly and monthly still bearish.
This bearish pattern could last till the end of the year or even longer.
Every time BTC's price moves up, I see posts declaring the correction is over, then the price dumps the other way.
While BTC's price is moving upwards and we can confirm this movement in the hourly chart where the 50 and 200 SMA have crossed over and moved under price, in the higher time frames it's a different story.
In the daily timeframe BTC is still caught...
BTC has completed it's first ever major downwards move, in a wave of 5 (Elliot wave) A to E or 1 to 5.
What we should expect to happen next is BTC to correct with a move up, W,X,Y composed by two advancing waves and one corrective wave.
A total upward move of 50 per cent on the Fibonacci levels is possible 13998 USD
Keep an eye on the MACD indicator.
BTC is both a downward sideways channel (denoted by the red parallel lines) and yet inside another descending triangle.
The current "Bounce" everyone is talking about is nothing more than part of a market wave pattern.
The good news that after the wave completes, it should be followed by an uptrend, and possibly a strong one.
This is isn't going to happen in...
Major update to my post last week - BTC has clearly breached the bearish descending triangle, and it is almost following the classic market cycle to the letter, another thing to notice we are now in fear territory of the market model.
This is why you never "BUY THE DIP" because you don't know how deep it will be. Instead people should be following the trend line...
BTC seems to be almost following the classic market cycle model to the letter.
Despite a couple of efforts to recover it continues to dip into a deep correction.
At the moment it is moving towards forming a descending triangle, which would continue the downtrend unless it breaches the top trend line.
RSi level 50 supports further dip, as well as the MACD cross...
IOTA is quietly on the move again, bouncing off the 3.20 $USD mark to currently 3.96 $USD as of the 5/01/2018 – 5:39 AM NY Time.
IOTA touched the 3.19 $USD support mark several times and time bounced off with the exception of a couple of spikes, the lowest 1.11 $USD on the 21/12/2017.
Right now it has been steadily moving into a squeeze at the top of the...
I seen a post by Grant Pierce and decided to do some TA of my own a couple of days ago. Bought yesterday at the break out and still rising.
Modest rise to 10 to 15 cents. Already netted a nice tidy little profit.
Minor correction happening with XRP, oversold on the RSI and MACD, broken bullish trend line.
This is the opportunity that many people been waiting for to buy in. Wait for the bearish trend line to end to place your orders.