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This is a short that should not be missed. We have bearish divergences on the daily timeframe and the price is at the 0.5 retracement level. It could go up to the 0.65 retracement level, where is the resistance of the ascending broadening wedge so ladder your shorts carefully.
We've said this many times, we buy falling markets and sell rising markets.
Price action indicates that we could go up to test the support of the descending triangle which is exactly at the 0.5 retracement level of the last swing high to the current swing low. We love to trade the 0.65 so it's a good idea to have some orders there too. In case it starts falling ...
Where can you buy ETH again if it creates a new low? In this case we believe that the bottom could be somewhere between 151 and 135 (with accent on 135). There are three exact prices at which we can place orders: 151, 144 and 135, they are only based on fib relationships which we consider to be far more important than classical support and resistance levels.
BTC finally broke out of the descending and started a new trend. On the long run we are bullish but first we need to reach some key levels. We expect to see a bounce from 5177-5300 area and maybe the end of the bear market somewhere between 4374-4261. If the second area doesn't hold, the last area 3252-3064 has the highest chances to hold.
Nothing more than a scalp with very tight SL. 6440-6460 area should be treated as strong resistance.
Has BTC's dominance topped out again with a very technical pivot? The last time this happened we had a bull run on altcoins.
Patiently waiting for the market to come to us..
Finally btc made some moves and printed a rising wedge, it's overbought on stoch and we have a TD8 on H4. We have a good RR for a short.
The current price action is not bullish at all but on the contrary is very bearish especially if the daily chart closes under the pink trend line.
Once again we can see the power of fibs. The price got rejected at the 0.5 from swing high to swing low, approximately at the same level as the 100 Daily MA. According to our fib based TA the price needs to break a ...
So, BTC is testing the resistance of the blue symmetric triangle and maybe we will see a breakout that is strong enough to push the price through the upper band of the BB with source set on high. Volatility is near ATL and a push through the upper band on the daily chart is what the bulls want to see because it could be the start of a small bull run that will ...
There are multiple ways to trade this:
1. Short the 0.5 and the 0.65 separately with SL between them
2. Short the break down from the wedge or channel
As long as XRP trades under the 0.65 we have a bearish view.
BTC is preparing for a big move, probably 50%, it could be even more if it chooses to go up. If you look at the volatility chart you will notice that every time volatility was so low on the 3d chart BTC made a move of at least 42% and in a few days BTC will have to choose a direction because we are getting very close to the ...
EOSBTC is printing a bear pennant and it has a hidden bearish divergence on the 3D RSI, CCI and Stochastic while EOSUSD is in the distribution phase and it's about to break the trading range.
If you look at the chart you will see that during the bull trend, after each impulse we had a correction which ended most of the times right at the 0.65 (measured from the beginning to the end of the impulse) retracement level and never under it.
The current bear market started when a new impulse failed to break the 0.65 retracement level of the ...
This is our trade setup for btc. As long as we do not break 6700, 6219 or 6040 are waiting for us. After one of this 2 targets is hit we expect to see a 5 to maxim 10% correction and after that we expect to see sub 6k values.
TRX had all the ingredients for a nice move up but it didn't happen. We have a W bottom on bollinger bands, bullish divergence on RSI and a break out from the descending channel but the volume isn't confirming it and the hidden bearish divergence on RSI is not good sign for the bulls. So, if you want to short this the SL must be set at the high where the hidden ...
On the daily chart ADA is in a huge falling wedge and we are near its resistance. The volume is looking good but we have a hidden bearish divergence on RSI which is a sign of trend continuation and the price just got rejected at the 0.65. This is a good shorting opportunity with SL slightly above the 0.65 because you don't want to get caught on the wrong side if ...
Rising wedge + rejection at the 0.65 + hidden bearish divergence on the Daily and 3D chart on RSI.