Hello all and good morning. Eth has broken below its rising channel, back tested it and should now attempt its measured move to around the 0.786 level and marked by the demand zone on the 4H chart.
Hello all and good evening to everyone. Before the "Corona crash", a major gap happened in the markets and slowly we have been grinding back up to it since. The likelihood is high for this gap to fill at the very least. In previous analysis of DJI I have been anticipating this move up - due to a macro pattern - and eventually a break of the all time high. SPX is...
HELLO AND GOOD AFTERNOON EVERYONE! This is a potential roadmap of what could be unfolding here with ETH Here is a look on the 1H for this immediate term rising channel. On the 1D we had bullish divergences with the MACD and Stochastic RSI at the channel support. Not trade or financial advice.
Hello all and good morning to everyone. As i am writing this i suspect we are seeing point E in a symmetrical triangle. The 1H RSI is printing a hidden bullish divergence. As long as price stays and closes above 9590 this will still be valid. Being that this is a continuation pattern we should see price begin to move up again to the target marked on the chart.
Hello all and good afternoon to everyone! Just going over some basic patterns that I have been reiterating for quite some time now. Not only do we have a bullish descending broadening wedge on the weekly timeframe, but it seems we have a rising triangle at the base - which is also another bullish pattern. Logically, a move down from here makes sense since we...
Hello all and good morning to everyone. This descending channel resistance is proving to be quite strong at the moment. With this flat bottom along side the down-sloping resistance we should see a measured move to the 0.786 level. This impending move to the downside should be the last move down before a reversal if this suspected IHS is to play out.
BTC has attempted and failed to close below the previous low and 0.5 fib retrace. RSI and MACD are showing lower lows in momentum, with the same low in price indicative of a class B hidden bullish divergence. At this point it seems unlikely that the price would go lower towards the 0.618 and 0.786 but could very well still happen.
Hello all and good morning to everyone. The right shoulder in this presumed IHS could be presenting itself as a descending broadening wedge. One more move to the downside between the 0.618 and 0.786 would be expected.
Forget about any news or world events, they have nothing to do with how the markets move. The "composite man" uses the media to provide a rationalization for the average person. Just look at the technical data on the chart and you'll see that we are printing a massive hidden bullish divergence on the monthly time frame. The recent top was predictable and so was...
consistent bullish divergence on the 1H with RSI.
Rising triangle for BCH under the 0.382 fib level.
Hello all and good morning to everyone. Some possible scenarios moving forward short term. Looking for a higher low to come in near the 0.618 and potential right shoulder of an inverse head and shoulders. If price breaks below 217 we'll probably see the low come in near the 1.618 at about 207 for a descending broadening wedge. This is not trade or financial advice.
Hello all and good morning to everyone. Just wanted to show what this pattern looks like without all the noise involved with the day to day movements. Using wicks or candle bodies as points of contact can throw off the general idea of whats happening and mislead us to the outcome. For instance using the wicks would have mad you believe a fall below this line...
Consistent downtrend with bullish signs in a macro time frame. Reversal likely imminent.
Hello all and good evening to everyone. Earlier today we tracked the bullish divergence on the 4H which lead to the rise we just saw. Upon reaching the previous highs, price stalled and is currently forming a gravestone doji with receding volume. If the day closes out like this it is most probable we see price attempting to sweep the lows. Considering the...
Hello all and good morning to everyone. The 4H RSI has made a double bottom and a higher low with this recent lower low in price. Volume is also showing us a bullish divergence with less interest in selling. We should now see price attempt a rally back to the channel resistance level. We'll see how price is acting when/if we do get up there. On the 1D chart we...
HELLO ALL AND GOOD EVENING TO EVERYONE! Anticipating a higher low to come in here around the $9,270 level and for a continued consolidation up to the golden retrace zone or higher. Not financial advice.
Hello all and good morning to everyone. Higher lows on the daily are making me believe we could be seeing re-accumulation happening at this critical resistance area. What we would look out for in the coming days/weeks is a another test of the resistance around 10k followed by a slow grind back down to the support level. It is very important we see volatility...