Iota too is coming to the end of a consolidation phase. If you follow the Quantium Research account, you'll know that Ripple became the first crypto to break out of the consolidation zone earlier. This is an indication that other cryptos, including Iota will be soon to follow, although that's not certain. Iota's consolidation has been different to some others...
The market has fallen toward the lower channel line. We can expect it to complete the move by returning fully for a retest, where it will either reverse or break through the trendline (lower red line). However, there is a short-term price barrier which must be overcome before a retest is possible, which may have gone relatively unnoticed. Observe the first swing...
The market has fallen back toward the lower channel line. We can expect it to complete the move by returning fully for a retest, where it will either reverse or break through the trendline (lower red line). However, there is a short-term price barrier which must be overcome before a retest is possible, which may have gone relatively unnoticed. Observe the first...
Cryptos are in a consolidation phase following a short downtrend. They are all following roughly the same path, but Ripple seems to be leading the way. This means Ripple's price action can be used to anticipate price action on other currencies. For example, Bitcoin and Ethereum are yet to break out of their consolidation zones yet. On those charts, we're still...
Cryptos are in a consolidation phase following a short downtrend. They are all following roughly the same path, but Ripple seems to be leading the way. This means Ripple's price action can be used to anticipate price action on other currencies. For example, Bitcoin and Ethereum are yet to break out of their consolidation zones yet. On those charts, we're still...
Bitcoin recently crash out of the triangle it had been forming for months. The result was a relatively violent, however short-lived, downtrend. The trend phase had a very negative gradient which has since flattened out as shown by the red curved lines. This shows that the move is losing angular momentum. In fact, it's entering a consolidation phase. The likely...
Bitcoin recently crash out of the triangle it had been forming for months. The result was a relatively violent, however short-lived, downtrend. The trend phase had a very negative gradient which has since flattened out as shown by the red curved lines. This shows that the move is losing angular momentum. In fact, it's entering a consolidation phase. The likely...
The great market analyst and mathematician, W.D Gann, wrote of the significance of the longest bar (or candlestick) in a market swing. Ethereum's 4-hourly chart gives an intriguing example of the natural proportion that can be found in a single bar, and how those proportions are still dictating market swings. For this example, to keep to a single chart, the...
The great market analyst and mathematician, W.D Gann, wrote of the significance of the longest bar (or candlestick) in a market swing. Ethereum's 4-hourly chart gives an intriguing example of the natural proportion that can be found in a single bar, and how those proportions are still dictating market swings. For this example, to keep to a single chart, the...
If Bitcoin comes down to the region of $3300 in early February 2020, this article will be very relevant. There is an overwhelming cluster of price/time barriers converging in one spot. This degree of confluence doesn't occur often. Here it is presented very early, giving you advanced notice of its existence. Before I go on, know that this is NOT a forecast. The...
If Bitcoin comes down to the region of $3300 in early February 2020, this article will be very relevant. There is an overwhelming cluster of price/time barriers converging in one spot. This degree of confluence doesn't occur often. Here it is presented very early, giving you advanced notice of its existence. Before I go on, know that this is NOT a forecast. The...
Ethereum had a parabolic move to the downside, as indicated by the red curved arrows. These moves gain momentum as they go until they reach a selling climax, which did happen in the final sell-off. Since, price has returned to the consolidation zone in the long green box. Here it is rangebound for now. Note in this chart the two smaller green boxes above and...
Ethereum had a parabolic move to the downside, as indicated by the red curved arrows. These moves gain momentum as they go until they reach a selling climax, which did happen in the final sell-off. Since, price has returned to the consolidation zone in the long green box. Here it is rangebound for now. Note in this chart the two smaller green boxes above and...
Gold broke through its ascending trendline after a 5 wave move to the upside. Price fell sharply after the break through support, landing at the 0.618 retracement level. It has since consolidated between the 0.618 and 0.5 levels. Rangebound, we need to see where the next break happens. A break below 0.618 could take gold fown as far as the 100% retracement level...
Gold broke through its ascending trendline after a 5 wave move to the upside. Price fell sharply after the break through support, landing at the 0.618 retracement level. It has since consolidated between the 0.618 and 0.5 levels. Rangebound, we need to see where the next break happens. A break below 0.618 could take gold fown as far as the 100% retracement level...
Consider the angular symmetry in this chart. The yellow line that connects points A and B is used to determine the angle of descent from historic data. When that line is copied with the exact same angle and projected from the previous low labelled C, the result is more support around the 1.618 level. Projecting the same line from the interim low marked D gives...
Consider the angular symmetry in this chart. The yellow line that connects points A and B is used to determine the angle of descent from historic data. When that line is copied with the exact same angle and projected from the previous low labelled C, the result is more support around the 1.618 level. Projecting the same line from the interim low marked D gives...
USDJPY has returned to the consolidation price area where price action tends to become rangebound and choppy. It is forming what may become an inverted head and shoulders pattern which is intrinsically bullish . If so, the neckline may trace the red trendline shown, which is validated to the left of the chart. A break below the support zone (pink box) would...