X Force Global Analysis: In this analysis, we take a purely technical approach to Delta Airlines (DAL), exploring signs of the stock being oversold, as well as potentially bullish reversal signals demonstrated on the monthly and daily charts. Monthly Chart - On the monthly chart, we have counted clear Elliott Waves - Since 2015, Delta Airlines has been...
X Force Global Analysis: Unlike other altcoins that have shown strong momentum during their bullish rally, EOS has been rather quiet, showing only steady growth. In this analysis, we explore EOS' bearish probabilities, mainly based on its head and shoulders continuation pattern. Analysis - The first thing we note in this chart is the head and shoulders...
X Force Global Analysis: In this analysis, we explore the Bitcoin dominance chart in order to determine the probable cases of Bitcoin and altcoins that have been on a bullish rally. Analysis - Bitcoin dominance is trading within an ascending parallel channel, forming higher lows and higher highs - Within the ascending channel, we are consolidating in a...
X Force Global Analysis: Despite the bears' attempt to drive prices below the significant support at 8.8k regions, BItcoin's bulls have managed to not only hold support, but also demonstrate a comeback with immense momentum and strength, that has also ignited a bullish rally for certain altcoins. In this analysis, we explore the probability of Bitcoin having...
X Force Global Analysis: In this analysis, we look at an alternative bullish perspective using Elliott wave counts. Analysis - In our previous post, we have counted elliott impulse waves leading to a completion of the fifth wave at the 10k resistance - Elaborating on this idea, in lieu of seeing a textbook elliott corrective wave (abc), we are starting...
X Force Global Analysis: In our previous analysis, we have mentioned that Bitcoin had found strong support at 8.8k, potentially looking to bounce to test resistance zones once more. In this analysis, we explore the bearish scenario suggested by Bitcoin's technicals. Bearish Evidence - One important thing to note is the fact that the ascending trend line...
X Force Global Analysis: In this analysis, we explore the bearish signs provided in Gold's daily chart through technical analysis. Analysis - The first thing we spot is a bearish rising wedge pattern - We are currently testing the ascending support line of this pattern - Along with the bearish pattern, we can also see a textbook bearish divergence, with...
X Force Global Analysis: Shopify, a multinational e-commerce platform located in Canada, has shown extremely strong bullish momentum for the past few weeks. In this analysis, we take a purely technical approach, and explore the bearish signs emerging from Shopify's intense bull run. Analysis - On the left hand side, we have the daily chart for Shopify...
X Force Global Analysis: Since 10k resistance levels, we have mentioned the probability of a bearish scenario in which we see a correction from the bullish rally that led to a +160% move up. In this analysis, we analyze the current situation of the market suggested by technical indicators, to rationally assess the most probable case for Bitcoin. Bullish...
X Force Global Analysis: In this analysis, we rationally assess Bitcoin's daily chart, from a perspective that is neither bullish nor bearish. Simply going through all the bullish and bearish evidence we spot, to discover scenarios with the highest probabilities. Bullish Evidence - The ascending trend line support, marked in the dotted orange line,...
X Force Global Analysis: Bitcoin has shown incredible bullish momentum for the past few weeks. While we believe in Bitcoin's future for the long run, technical analysis suggests that it won't be an easy ride up. In this analysis, we look at bitcoin's weekly logarithmic chart, referencing reliable indicators and Elliott wave counts. Analysis - We use a...
X Force Global Analysis: While Bitcoin has recently shown a big breakout, it has failed to create new highs. In this analysis, we explore the bearish evidence for bitcoin suggested by technical analysis. Analysis - The first thing we spot is a clear bearish divergence on the 4H chart - We see the formation of higher highs on the price, and lower highs on...
X Force Global Analysis: In this analysis, we explore Bitcoin's bearish scenario based on the Wyckoffian logic. Analysis - On the right hand side, we have a simple diagram of the market phases developed by Wyckoff. - It's important to remember Wyckoff's emphasis on supply and demand, cause and effect, and effort. - In the accumulation phase, there is a...
X Force Global Analysis: In this analysis, we explore Bitcoin's CME Future gaps to determine significant support and resistance zones. Analysis - A gap is an area of a chart where a security's price either rises or falls from the previous day’s close with no trading occurring in between - Gaps are spaces on a chart that emerge when the price of Bitcoin...
X Force Global Analysis: We zoom out from our previous hourly chart, moving on to the daily. On the daily chart, we start spotting more bearish evidence that was harder to spot on the shorter time frames. Analysis - We can first spot two significant trend lines: the ascending and descending trend lines that function as support and resistance - Bitcoin is...
X Force Global Analysis: Bitcoin has broken out of a bullish ascending triangle pattern, after a significant corrective wave. In this analysis, we explore the current technicals demonstrated by Bitcoin's hourly chart. Analysis - We have broken out of major resistance zones of 9.3k and 9.5k - We have also broken through the descending trend line resistance...
X Force Global Analysis: Bitcoin has been trading between an area of conflict, between 8.5k and 8.9k. In this analysis, we explore the bullish and bearish scenarios for bitcoin, based on technical evidence weighed into probabilities. Bullish Evidence - We have been creating higher lows on the hourly chart - The Moving Average Convergence Divergence (MACD)...
X Force Global Analysis: In this analysis, we assume a probable bullish case for Bitcoin, approaching the market short term from the wyckoff accumulation schematic. Wyckoff Accumulation Schematic Explained - PS (preliminary support): This is where substantial buying begins to provide pronounced support after a prolonged down-move. - SC (selling climax) :...