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Bitcoin will hit (2) arcs of resistance at the same time in ~ 6 hours, at a price ~ $9400. While resistance can and does yield from time to time, the fact that there are (2) at this point in pricetime suggests extra caution is warranted.
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A major correction in ETHXBT recently completed. It was either a wave 2 or a wave 4, by definition.
EW theory says that wave 4 CAN NOT overlap wave 1.
But the correction, (in ETHXBT, NOT ETHUSD) overlapped the top of wave 1. Ipso facto, the ETHXBT chart is saying that in that particular market, the correction was a wave 2, and that therefore, a wave 3 has ...
This is a 8 hr chart with bear setup from the 2014 high. As you can see we are ~ 1 week from hitting the 5th arc. The5th arc USUALLY puts an end to a setup. In this case though, note that the triangle from the 2015 high is almost impossible to compress further. It will break out one way or the other SOON.
Given the 5th arc's proximity, my guess is that the ...
I haven't published any charts in a while. Thought this market needs exposure. I see a dozen different reasons in this chart to think ETHXBT is looking like a great trading opportunity. Happy Trading.
The market is breaking down.
There are a few different Gann square setups on the weekly chart that are "defensible". Hard to say which is "correct", given the sharp drop at the very start of the bear.
I am inclined to think that this is the operative setup - time will tell pretty soon. We hit the bottom of the 5th square just a few weeks back.
More importantly, we will be exiting out ...
BTC will make a decision within the next bar or two, probably. My bet is that it will break down. We will see....
looks like a long opportunity is upon us...
This may be new to many traders who do not know how to use a Gann square. Those who use the tool will recognize the significance of this chart immediately.
The long term weekly (72 bar) bear setup shows price is now heading straight up to the top of the 1st square. There it will surely find formidable resistance. This alone would suggest that the dollar is ...
When/if we get a close below the blue arc, it will be a sell signal. The blue arc price is sitting on is critical support. Aggressive traders might want to short now, as there in a break in the arc, (not confirmed by a close)
A bounce ought to happen here, imho
and out of time. Expect a short opportunity soon, probable within the next 1-2 bars on 30 min chart
The daily chart if at serious resistance, as shown. The 30min chart, (not shown) suggests that a likely turn of events might begin ~ 12 hours from now.
forecasting a move ~ .86 in next 16 hours or so
It looks like the run is going to end soon. Happy trading...
check the indicated price and time -- soon...
There are a few reasons to think that a trading opportunity is about to present itself.
(short, I suspect, but I will happily reverse if the trade turns out to be long)
I suspect that a reading opportunity will present itself within the next 1-2 3m min bars. I expect the trade will be on the short side.