Ethereum ETH hit our target and followed our exact path, now that we've broken major resistance levels let's talk about the next price target based on our technical prediction today. In this video, we also take a look at Ripple XRP, & Bitcoin BTC to get a better idea of where altcoins are starting to go based on their analysis.
Bitcoin BTC is nearing the end of it's bull flag pattern looking as if it would like to break out soon. Other indicators such as the RSI show over sold patterns as well. In this video, we also take a look at Ripple XRP & Ethereum ETH against the US dollar/Bitcoin.
As BTC/USD stands we should see price move to the upside to continue bullish reversal retesting 4000.
As ETH/USD stands we should see a clean market reversal to retest market price 160. I've made a couple notes for resistance and support levels. Cheers!
Validation at 200 moving average for bearish trend, We should see market price retest lows of 2.5.
An Altcoin that has popped into my radar following the news of a developer bounty is Vechain VET. Based on its technical analysis, it's price levels are at all time lows and there is a high reward trade opportunity especially with the announcement of the bounty. Looking at its technical analysis we see Vechain VET going from around 0.00000105 Satoshis (Binance) to...
Ethereum ETH is starting to test its major resistance level of 0.0339 (Bittrex) which is also the 50D Moving Average which means it'll potentially see major upside once it begins to bounce on top of the 50D MA. The Bollinger Bands show we have broken resistance already. The final confirmation we are waiting for is the RSI to break past 60, this is considered a...
Lastly, when we look at Bitcoin BTC we see much more of a neutral chart. We are forming an overall pennant with a descending resistance / ascending support level (would like to see one more point of contact with support before any upside breakout). Along with that, our RSI is showing resistance at 60 which means we are still on neutral grounds, and the MACD is...
When looking at Ethereum ETH we see a completely different story. Ethereum ETH recently formed a Golden Cross (when a higher moving average goes below a lower moving average) which is a very bullish indicator. Along with this, we are now testing a major resistance level around 3.43 million Satoshis. Our target would be around 4.18 million Satoshis if we were to...
Ripple XRP is currently forming a death cross with it's moving averages (when a lower moving average goes below a higher moving average) which is a very bearish technical indicator. If we were to take a closer look, the RSI is showing resistance at 40 & has already breached this level to the downside (very bearish). This in combination with a lack of buyer volume...
Market Health Update - 02/11/2019
Bitcoin ($BTC) followed exactly what I predicted in my last livestream and found a lower high at $3,400 before breaking out of the falling wedge heading toward's $4,000. Bitcoin ($BTC) now faces strong resistance levels and we need to set new targets of where Bitcoin ($BTC) is headed. Other coins like Litecoin ($LTC) help to show what pattern Bitcoin ($BTC) may...
Market Health Update 02/07/2019
Market Health Update 02-06-2019
As market consolidation is coming to an end we can see a possible breakout to the upside. Market Price is showing a bearish continuation and i believe that is to trap sellers before shooting price 500 pips to the upside. Inducing a bearish market push before hitting all short position stop losses.