Support : 9888 & 9650 & 9050 || Resistance : 10200 & 10550 & 11500.
- Downtrendline from 6 august converges with green pitchfork line on 1 september 2019. i expect a big volatility before that date to either side.. let see what happen.
- Bull scenario : if BTCUSD could made a higher low and break red downtrendline 1 with strong bullish momentum. that way i...
Medium Term : Support : 47 USD & 57 USD . Resistance : 100 USD & 120 USD.
Break the yellow line (up trendline since march 2017) = long term bearish.
Break the red line (down trendline since december 2017) = long term bullish
each median line on pitchform act as resistance and support.
Price action hovering inside giant symmetrical triangle....
Price action moving inside symmetrical triangle, is it bear flag or forming a double bottom pattern ? we will see..
Remain bullish as long the price action above this green pitchfork on 9500 area and vice versa if price action decide to break this line.
- Nothing to says for STEEMBTC while it's moving inside down trend pitchfork. Get out from it might had a change for STEEM/BTC to survive which took around Q4 or next few years depending STEEMBTC movement.
- support and resistance. to avoid much clutter on the main chart.
- Indicators (CMF, CCI and OBV) is still on...
on the downward channel of pitchfork. I'll be bullish if the bold median line on the pitchfork is being breach by the price action on the upward movement in the future .
CMF and OBV show a bullish divergence although it's still on bearish zone/momentum currently.
- I extend the bullish channel for BTC.D toward it's former glory (95%).. Let see if it's obey the channel.
- Yellow strip line = rising wedge that potentially could play out.
- Break the channel i expect up trend line 1 would be a buffer for next upside or consolidate around that area.
- Break the channel is not necessarily a bearish movement could took place...
- Short term ; Resistance : 0.0103 satoshi & 0.00994 satoshi || Support : 0.00977 satoshi & 0.00963 satoshi .
- Nice break out from symmetrical triangle formation as it's suspected to hit the next resistance of fibonacci line at 0.0103 satoshi.
- Indicators is over extend. i expect a minor consolidation before it resume it's bullish movement as the indicators on...
Bearish for AUDUSD until it could break 1 and 2 downtrend line. potential moving within descending triangle pattern and if AUDUSD broke the support line (green line) expect a free fall.. meanwhile i expect a consolidation around support line.
Let's see how Weekly MACD crossover signal will plays out on 5 august.( IF it do cross and depend also with your time zone is)
will bearish signal from macd fulfill it's bearish potential after shifting from bullish trend to bearish trend or or could this be a false bearish signal.. ??
EUR/USD Move within a channel formed from 2008 until now. Until EUR/USD break 1st down trend line , it's considered bearish .
Green Uptrend line from the bottom of year 2000 (support) .. Down trend line 1 (resistance) from peak of 2008 & down trend line 2 (resistance) from peak of 2018. Down trendline 2 considered short term line as it's can easily adjusted in...
- Falling wedge expected invalidate once it's fall bellow 8200
- Downtrend line 3 and uptrend line 1 is considered for short term as it's could easily adjusted according to price action movement.
- Downtrend 1 (from highest peak 2017) downtrend 2 (from june 2019 peak) and downtrend 3 (from july 2019) break each downtrendline is a good sign for bulls.
- Up trend...
Medium Term ; Support : +- 3000 satoshi & +- 3160 satoshi || Resistance : +- 3330 Satoshi & +- 3660 satoshi.
- As long the price action below the down trendline from January 2018 and 2nd down trendline from April 2019.
it could go lower in price action especialy breaking 3000 satoshi (the important support point according with trend line since march...
About 151.58 Billion USD is Decrease from recent highest peak on 26 June 2019 until recent low on 17 July 2019.. Currently total marketcap is moving within Symmetrical triangle pattern with a possible Hidden Bullish divergence on CMF (chaikin money flow), ADP (Accumulation & distribution Percentage), RSI (relative strength index) also MFI (Money flow index) which...
Interesting GNTBTC descending wedge is formed... let see how this is plays out.
Indicators start give an early sign of bullish trend.
invalidated this pattern once it's broke down toward 500 satoshi area..
- Double Top formation usually occupy by 2 peak of the price action followed by the weakness in momentum and volume on the way of making the second peak.
see the Indicator ( DMI, Volume Oscillator and Accumulation/Distribution Percentage) for quite clear divergence in recent price movement.
- Based on Double Top Pattern, Around 9700 would be a neckline support...
Dont really dont know what happen to Ethereum recently but what i do know is the chart is very ugly and seems 2 bearish pattern already break out from it's pattern (Inverted Cup & Handle and Descending Triangle).
There's a downtrend line since January 2018 and as long it's below the red down trend line, i consider this is a bearish trend until the price action...