My current chart on BTC. I was expecting a quick bounce from the $7500 level, before proceeding lower, due to the close of the prior two session. But with the current pressure as the hourly closed below the lower 4H wicks and presently sitting on the 4H 200 EMA. My focus is now on the current region and $7300 level. If the 200 EMA then $7300 level are taken out I...
If the current daily closes below the 200 EMA (red) and lower EMA (orange) Ill look for the the $7400 level to be met this week. This zone as well aligns with the .618 FIB retracement. If the blue zone is broken the lower daily trend line should provide an additional support level. Once these levels are reached I will come back to reassess the lower targets if the...
Seems to me the upcoming hours will dictate the short term direction. If we can get a closure above the upper trend line in the current wedge Ill look for the .786 fib level to be fulfilled. (Daily fib retracement from $5,850 to $$10,000) I agree that this would be a quick higher high, trapping all the noobs, before reversing lower. However as indicated by the...
ZRX has been consolidating over the recent days within the $1-$1.2 channel. Market Contractions lead to market expansions. ZRX has had lots of buying over the past 24 Hrs on most exchanges which is being reflected on the current charts. Im expecting an increase in volatility as we are testing the upper trendline resistance on the daily, which has applied pressure...
After bouncing from the $6000 supply zone and coming back into the $6800 resistance last week. BTC retraced to the 61.8% fib support level and formed a lower low respecting the Head and Shoulders pattern. As well creating a cross over on the daily moving averages. Last night BTC broke through the neckline resistance level resulting in a surge through the prior...
After what has been a volatile and choppy start to 2018 I decided to take a look at a longer term perspective on the SPX. While many "experts" have stated that we are in a bear market or that this is the top of the market. In my opinion I believe what we've experienced so far this year to a HEALTHY and much needed consolidation phase. Currently it appears we are...
BTC has again rejected the $6500 resistance level and fallen to a short term support at $6300. I will look to take some profits and look for $6000 to be met in the near futures.
BTC failing to close above the $6650 price level, indicated by the several wicks on the 4H timeframe. As well as a break of the counter trendline on the 4H. Leads me to perceive there to be a more bearish bias in the overall crypto market, which means i am looking for BTC to make a move lower in the short term. With my next level of major support being the $6000...
Gold has been rather bearish the past few days, and looks to be continuing further down. Im taking profits here at the 2.618 Fib extension. And my ultimate target in the short term is the $1235 region.
In my opinion with the recent bearish move down to the key $6500 level and now proceeding towards $6,000. IF the bearish momentum continues I believe the $6,000 price region followed by $5,500 level will be met. Which align with my 2.382(red) and 2.618(green) Fib targets. As well if you check the daily RSI levels...BTC has bounced with precision at the <30%...
BTC has broken the counter trend line and fell through the $6650 Price support. I believe BTC could be retesting as you can see with the larger manipulation spike in align with the .7860 fib.
After Retesting the 6/7 bullish gap up, large volume came in on Friday. Im Looking to play this with a breakout of the hammer candle and a conservative stop being below the initial gap. If i make money on this trade i will go buy a Mcflurry... maybe.
Short term wave count as BTC is looking bearish and perhaps start a final wave 5 to the downside targets below.
TGOD has been Rolling since its IPO in May. I like the S curve and I like the MSR. First target being $10.. Lets see how High this one can go...
Such a beautiful chart... And who says technical analysis doesn't work
It looks like Ripple will most likely break out of this sideways range/ pennant formation to the downside in the short term. Below are my next targets... If the $.57 Price support breaks Then the upper 40 cent levels will be the next levels met.
Straight sideways... Gotta break up or down... will wee see $.40 or $4
MU Looks to have made a double bottom on the hourly and retested the 68.20% fib retracement to perfection. Depending how this hourly closed I think theres room to the upside.