ZECBTC pair is looking strong and trying to break out from a huge falling wedge. The upper Resistance line is guiding the price action since the start of bear market. RSI and Squeeze indicator also suggests that Bottom is already in and the only possible path from here is upwards.
BTC is leaning more towards bearish side this week. Have been observing since start of this week. No buying pressure around present price action suggesting less buyers interested to buy at this price level. Mostly they are observing about how the price action is forming up this week and next week. Either way BTC volatility will be back soon, however, I am leaning...
(1) MFTBTC has established a short term bottom around 72 Satoshi on 25th Feb. This can also be looked at Double Bottom Pattern with First bottom formed on 16th Jan ( followed by Rally up to 102 Satoshi) and the second bottom just formed on 25th Feb.
(2) From the bottom, it broke out of falling wedge pattern in a daily chart with a strong buy pressure
(3) RSI...
ONTBTC Pair have formed a bottom with long term support preventing further downfall. Support was held around 17th Dec 2018 and it was tested successfully around 7th Feb 2019. That Was a bullish signal. However, we still had a string resistance around 0.0001900 to 0.0002 region.
That resistance is broken with recent price action.
Two possible options now.
(1)...
(1) Daily chart TTM Squeeze indicates that downward momentum is fading.
(2) EMA55 around 2630 supporting the price action
(3) Momentum/RSI is in oversold zone (daily chart)
Buy around 2640 Satoshi with a possible target of 3000 to 3200 Satoshi.
SL would be around 2550-2500.
At present at the support level. Buy around 2100-2150 would be a good idea.
(1) Falling wedge breakout soon (Daily Chart)
(2) At the Horizontal support level (Green Zone) plus Fib Support level (0.786 Fib) at 2060-2080 Sats
(3) Downward momentum is fading (show by yellow lines in the Squeeze Setup).
Entry around 2050-2150
ladder Buy
target 1 - 2450 (Daily...
Bullish outlook
(1) Bounced off from golden Fib Zone which is around 0.5 to 0.618 Fib
(2) RSi is gaining strength
(3) TTM Squeeze also suggests that Momentum is upwards
Possible Entry ladder buy around 0.335 to 0.33
Target Zone: Take profit target 1 0.038 (Around Daily EMA 200) %30
target 2 0.041 (Daily Swing high) ...
Triangle corrective wave setup is almost over. Since the previous trend is up, it should resume the upward move once this triangle pattern breaks upwards.
Corrective patterns we are in most likely count is WXYXZ pattern.
W - Here is ABC
X - Here is ABCDE Symmetrical triangle
Y - Here is ABC
X - Here is SBCDE Symmetrical triangle
Z - Here is ABC
Right now symmetrical triangle is formed and there are high chances of breaking it upwards.
We will continue to analyze
