BITSTAMP:BTCUSD We just broke a descending triangle last week to the downside with huge volume, and so far, the bounce from last week lows has been week and with little volume, meaning it was not a fake breakdown or anything like it. The price target form that triangle break formation is $4,800 USD, which is calculated if you subtract the hight of the triangle...
BITSTAMP:XRPUSD XRP just had a huge spike up with great volume, the type of move not seen since may, all Altcoins in general are doing very well, but this one is outperforming everyone else bigtime, the new alt-season is certainly upon us, and the questions is which one is going to climb higher and faster. It all seems like the bottom is in on XRP at $0.2250...
BITFINEX:EOSUSD As you can see in the chart, we just broke out of a falling wedge pattern in a powerful way with a 28% move up from the lows of about $3 USD. We also have a bullish divergence on the MACD where the MACD is going up while the price was going down, which is very bullish. And this move came at exactly the 78.6% Fibonacci retracement from the...
BITSTAMP:XRPUSD XRP lost its mayor critical support at $0.28 USD, that was a mayor, mayor support, so all hope is lost. No mayor rally in sight maybe until December. Definitely not in August or September. It needed to hold $0.28 USD for that. We will probably continue to slide down the next couple of months, with a few sharp bounces until maybe $0.20 USD, $0.18...
COINBASE:ETHUSD We are currently on a Bear Market in Ethereum, we just bounce from $168.88 USD to $178.44 USD, the hourly stochastics is back to overbought levels, and we may have just finished a wave 2 in Elliott Wave Terms in a very small-time frame. Also, BTCUSD is very close to $11,000 USD a big important resistance, so this may just look like a great place...
COINBASE:ETHUSD We seem to be close to have a short term bounce on Ethereum, a bounce of a couple of days, perhaps, with a price target of $240 USD. We seem to be completed or very close to complete a 5 waves down structure, after that I’ll be expected a 3 wave bounce to the most common retracement, which is the 38.2% Fibonacci retracement, which lies around...
BITSTAMP:XRPUSD Here is my Elliott Wave Count on XRP, I´m short term bearish, long term bullish. It seems like it still has way to go down, it is not bouncing from supports level, not even when Bitcoin is rallying, and it is still declining in terms of satochis, it seems like it could still decline to about 0.00002 satochis. The 22 cents is calculated by...
BITSTAMP:BTCUSD We just retrace a little bit above the 38.2% Fibonacci Retracement (located at $9,800 USD) from the entire Bull Run since the December 2018 low on Bitcoin, we pierce the psychological level of $10,000 USD, and we made the minimum retracement required to correct the previous move. If the $9,600 level that we hit today does not hold, the next...
BITSTAMP:XRPUSD XRP has been climbing very strong on heavy volume over the last 6 hours, around 20%. Previously it had been declining for over a year and a halve, and this is the strongest rally we have since September of 2018, so odds are pretty big that this is the start of a mayor rally. In terms of my Long Term Elliott Wave Count, , this could be the start...
BITSTAMP:BTCUSD This is my Mid-Term Elliott Wave Analysis on Bitcoin, in which we are currently tracing a 5-wave impulse higher from the lows of around $3,100 USD per Bitcoin. From which we had already trace Minor Waves 1,2,3,4 and we are currently tracing Wave 5 of that impulse wave. Within Minor Wave 5, it seems we had already trace Minute Wave 1 and 2, and...
POLONIEX:XRPUSD This is my long term Elliott Wave Count on Ripple, I believe we are currently forming primary wave 4th on XRP (Ripple), which started early January of 2018, it could still be a couple of months before we finish primary wave 4th and start primary wave 5th. The target of primary wave 4th on XRP should be the area of wave 4th of one lesser degree,...
BINANCE:BTTUSDT As you can see on the chart, Bittorrent is inside a very nice and bullish falling wedge. It still need to break above the upper trend line to confirm it, but it is making a very nice bullish candlestick today. Also the MACD indicator just turned bullish today. On the fundamental side, on may 11, 2019, just 3 days from today, it is going to have...
BITSTAMP:BTCUSD A typically level of support or resistance is general the 38.2% Fibonacci Retracement Level, which in this case, if we take out the entire Bitcoin Bear Market, is the $9,457 dollar level per Bitcoin. Given the powerful uptrend we have right now, I will be expecting this level to be reach between 1 and 3 weeks, after that I will be expecting...
BINANCE:AIONUSD AION has broken its downtrend from August of last year just a month and a halve ago, has been basing sideways for about 4 months now, and now it is spiking higher with big volume. Just 5 days ago it had a big spike with volume, the MACD has a big positive divergence and it just cross the cero line. It all just seems good, and I’m looking for...
BITSTAMP:XRPBTC As you can see in the chart above, XRP had a huge upside move last week with decent volume, climbing more than twice in price, and in some point more than three to one. And has been consolidating sideways this week, keeping most of the recent gains. XRP, as you can see in the chart, is the kind of token that spends almost all the time...
BITFINEX:BCHUSD Bitcoin Cash is looking very nice for a trade right here, it just broke out of a 5 month falling wedge pattern with big volume, www.freeonlinetradingeducation.com , and it also pop above the 50 day moving average. We also have a positive divergence on the MACD indicator, where the indicator is moving up just as the price is moving down, which is...
BTCUSD As we can see in the chart, we had been making a Bear Flag Pattern on Bitcoin , www.freeonlinetradingeducation.com , in the last 2 weeks. Although the price of Bitcoin will need to break below the down tend line at about $6,500 to confirm it. On Sunday of this week we made a candlestick hanging man pattern, which is a reversal pattern,...
BITSTAMP:BTCUSD Looking at the 4-hour chart on Bitcoin, we can see that we have a triple MACD positive divergence on that indicator since August 8 of this year. Which indicates that the odds of having at least a short-term bounce of several days to several several weeks on Bitcoin are very high. The last 3 times we have positive MACD divergences Bitcoin has...