What a week!!
Let's see what the chart tries to say:
Bitcoin did jump on the last clear retracement ( 30.000 USD aprox) to the new ATH at 65.000 USD which was pretty savage. On that time, the bullish power has been decreasing, creating a ascending wedge formation.
This formation did end with a bearish breakout of the wedge,...
Today I want to bring my thoughts about the current ALTCOIN crypto market.
This is WHY I THINK ALTCOINS WANNA PUMP :
After a globally known 2017 altaseason , the whole crypto market has been correcting all that big and insane movement. ALTS, had retraced from a 12,6% dominance (approx) to a 5% over the last years. which means a 61.8%...
Hope you're killing it!
Some months without posting any idea since my last prediction of the DXY dump.
Now, it's time of VITE .
VITE, which I found some months ago, is one of the most undervaulued coins of the market. However, I waited to a clear breakout to talk about it and It happened.
So, let's talk about the chart.
On the first hand, the...
As I've been commenting on my last posts, I think the USD DOLLAR INDEX (DXY) is gonna go bearish again one of these days. After a short bullish momentum, with a clear 50% fibonacci retracement, the index is showing some exhaustion symptoms. Therefore, unless we see an unexpected scenario on the next US elections, the index will probably drop...
As I predicted on the DXY post, the dollar has experienced a short strenght on September, which coincides with a weakness of the cyrptomarket
After a bearish month on the main crypto asset, we could see a new bullish scenario for the upcoming months. The price has been moving on a range between 10.000- 11500 USD, creating some uncertainty on the...
It's been a long time..
I brought here some ideas for the dollar index for the upcoming weeks. As you know, the elections are around the corner and that should trgger some high volatility movements.
On the screen, you can see a bearish movement over the last months, which shows the weakness of the USDOLLAR. On my opinion, that movment is a first bearish impulse...
Long time since my last post. I have been watching closely the crypto market.
After a loudly bull run, my perspective of the pair has change.
As wee see on the chart, the price did broke the 9000 USD support strongly. After that, the bears rejected MA200 showing us a bearish scenario. In my opinion, a dropdown is near to come. The 38.2% fibonacci...
After thinking abou the possibility of seeing a downside from BTC on the 6000 USD, the break up shows us a different scenario. We can expect a correction week/s on the TOP crypto coin.
We have to be tuned waiting for a rejection of the 38.2 fibonacci retracement , which coincides with the 6000 usd support aprox.
Then we could talk about a new...
GBPNZD shows us a good short opportunity on the long term. Starting on the Weekly chart, we can see a breakout a retest of both MA. In addition, price rejected 61.8% fibonacci retracement.
After a breakout of the retracement, we could see a bearish impulse on the long term.
I will keep updaitng the pair.
After a while, I bring this CHF analyisis:
This pair show us a bullish scenario the last weeks. After a possible rejection of 1.00 resistance level, price is showing reticence of a trend change( on 4H frame).
I expect one of this 2 scenarios:
. Green: Price rejects MA50 on 4H(also 1H) and breaks the corrective structure with a new bullish...
Bitcoin has broken lateral resistance in 1H frame with a big bullish candle. We could see, after a corrective structure that confirms the breakout, a bullish scenario till 7.500-8.000$ on the next weeks.
After a bullish correction, pair has been on a weekly consolidation to see if the price could go further. After that, price broke down and now MA200 and MA50 has been broken. We can expect a bearish scenario for the pair on the upcoming weeks.
First of all, I want to apologize about this months I was offline. Since now, big things are coming.
As to the chart, after a big impulse from this pair, price has stopped at 1.00 psychological level of resistance. RSI is showing some divergences wich could indicates us a possible short movement this week.
Also, at the 1 hour chart, we can see a typical...
After a big bullish wave, price has been in a correction structure the last weeks. A triangle pattern has been formed with a 38.2 % fibonacci retracement. We could see an impulse this week to MA50. Then we have a breakout of it to validate the pattern.