I think waiting is over, pair didn't reach for a long time another support which was 15. It is very common on markets that if there is strong bullish movement pairs not necessary are touching support line when they push forward. Since my last BCN idea BTC price slashed another 50%. It was close to 6500 back then. I think that BCN bottomed at this stage. Position...
BTC price has been slashed by another 1000$, it hit first level on my chart there are 2 more I'm expecting ti be hit. Market cap was squeezed by another 15% in two days after this BCH mess. This price action I think is self explanatory:)
Technicals only (Range Bar Chart)
This is another chart for OmiseGO and this one looks really promising. Look at the upside down head and shoulders formation.
This chart combined with chart No1 gives quite solid signal to buy.
I wonder how market will react.
I think market didn't move after it bounced second time from the 50000 area. Wick of the candle touched support created by bodies of candles year ago.
Double bottom is spread which gives bigger chance that the rebound will be stronger. It is still good time to enter market as the risk is very low. Also 50000 is working as psychological...
Pair is constantly rejected when close to 200 EMA and GAP's from daily chart. It is very probable that any pair after the rapid movement on daily, weekly, 4h scale will move further in the same direction. The upper GAP(darker shade of blue) is holding recent attempts and created solid support/resistance area. This are will be breached in near term and it should...
Technicals only I didn't check or research this coin.
It is weekly chart so the action can take some time but only based on what I see pair is in the interesting moment. I marked with arrows triple bottom which is nicely respected by market. Triple bottom merged with lowest lows from the end of year 2015. It is not certain to me if the pair will bounce and will...
Pair is in downtrend for at least year. It created visible channel which trapped the pair in August and since then it is bouncing from two levels 75.50 and 72.50. If I would look for psychological levels I would rather go for 75 and 70.
What is telling me that the pair has good chance to follow described scenario:
- trade is following recent trade
- GAP from...
BCN finally dropped close to 30% which is good news if you are waiting for the enter as I do.
BCN is approaching the first buy level which is around 15 +/- 1.
It is hard for me to say if the BCN will go below 10 or stop at 15 or maybe go down to 5.
BCN is solid coin and volume is rather big so I think another price spike will most likely happen
I would not set...
It is set-up for short position based on the following :
- recent bearish trend
- ABC pattern where C stopped at 0.786 which is bearish sign
- Pair is trading below 200 EMA
- These blue rectangles are showing GAP's from weekly time interval
Things which are suggesting that this trade is risky:
- for the last 4 years this pair is in bullish trend
- on daily...
Mexican peso is bearish for the last year. I pointed out most important places.
- exact 50% of previous wave
- H&S formation followed by recent trend
- pair is trading below 200 ema on Daily CHart
- GAP support/resistance area is fairly respected by market
plus bonus which tells me that it is rather good entry Mexican interests rates which are very high in...
Blue and greenish rectangle are representing weekly GAP. These are very often creating very strong resistance/support areas.
Gold for at least 3 years is bearish so this trade definitely is following trend which is good news.
TP area is set close to previous lowest low.
On 4H chart pair is trading below 200EMA which indicates further losses against dollar.
I marked 3 important support lines based on previous lowest lows which has been formed during the last 2 years. I personally don't believe that bearish market in crypto will stop anytime soon. As long as the pair is trading below 200 EMA it should stay bearish.
I would consider to enter this coin only if the value will be close to 10. 15 or 20 is still good.
The blueish rectangle showing very peculiar price action which took place on the first half of august. This strong bullish movement was wiped out with couple of days and pull it down below the most important support/resistance level for this pair which is 0.02.
I can see 2 possible scenarios the pair will be pull down by 200 EMA on 4H chart and most likely 0.02...
This is more like update to my previous analyse regards this pair. EURUSD made its move and USDCHF stayed behind a little bit. USDCHF and EURUSD are very correlated with each other. one is going down the other is going up. All these lime stripes represents Daily GAP's which are acting as a support/resistance area. I'm expecting two scenarios here:
1.Pair will go...
... for the last year BTC made some magnificent spike and beat all even wildest predictions. Most of the time same scenario is taking place or maybe always at the end of the huge gains it is bring to attentions to all sort of ppl which are not familiar with the current market situation. Also there is huge propaganda all around in media ppl and many funny ppl with...