ale111

ale111

Eth bounced from the white trend line (support) and broke the bearish channel (blue line). Now is running on the 2x1 Gann's line. In my opinion, next target could be the red rectangle: 820-1050 usd area, but first of all Eth has to break the white circle. In this area (750-800 usd) we have some crosses: 1y log trendline (support became resistance--> red dashed...

ale111

After the bull run to the 20k usd, btc started the correction. When will the correction finish? Are we at the bottom? It's ready to go up again? In my opinion, not yet. The chart is forming a descending triangle: I think that first of all, btc has to touch the blue dashed line (base of the triangle) for the 3rd time (6200 usd area). From this point we could have a...

ale111

Looking at the daily log chart, we are in the same situation of 09/14/2017: rsi oversold + fisher and schaff at the bottom! As you can see, the price felt under the 10 month log trend line (red dashed line) and under the 1x2 Gann line, but now bounced from level 0.786 of Fibonacci! In my opinion, this is a good buy point but for a safe entry, the chart has to...

ale111 Updated 

In the previous chart I said that we had some possible scenarios. What's happened? Btc raised to the big red rectangle ( a big resistance), then dropped to the green dashed line (good support). What is the next move? In the prevoius chart I said that the rsi in h4 would fall in the red circle (oversold zone). Now from this point we could see a bounce up... all...

ale111

After the 20000 usd run and the 70% retracement (6000 usd), btc rose to 12000 usd and retraced again. Is the retracement finished? Well, now we have different scenarios: 1) correction isn't finished, so the price could drop to the red rectangle (8500-8000 usd). Look at the RSI. If price drops to the red rectangle, rsi will drop to the red circlo-->oversold and...

ale111

Btc could be fall at the and of the gartley, then could bounce up! As i said in the old chart, these days will be very important. A daily closure under 9000 usd will bring the price down. 9000 usd is an important support as you can see. Stay tuned guys :)

ale111

Since july 2016, every time btc touches ema 144, bounce up. The schaff and rsi indicators, show that we are in buy zone (rsi not really in buy zone, before buying I'll wait the bottom of the rsi, but now in my opinion, looks good). Looking at the Elliot's waves we are at the end of the correction waves (C). Now I expect a bounce from this level. Wait the daily...

ale111 Updated 

In my last analysys, I said that every time btc touch the 144 e.m.a ( the yellow line in this case), usually bounce up. Now the situation is this: the spike of the daily candle touched ema 144 and level 1x1 of Gann. This level is very important. The 1x1 line is called " the line of life". If the daily closure is under the 1x1 gann line or under the 144 ema, we...

ale111

We could be at the end of the Elliot correction waves (C). A bull cycle could be start in some days. The next daily closures are very important. If BTC drops below 9500-9000 usd, people will panic sell, so be carefull! In my opinion, to see a start of a bull cycle, we need daily closures above 11600 usd!

ale111

In 2017, every time btc touched the 144 M.A. bounced up by 150-250%. Last night btc touched the 144 MA and could bounce to 24000-26000 usd in 2-3 months. Honestly I expected a greater correction and perhaps the correction is not finished yet. I expected a descent of up to 7500-8000 usd where as you can see, the rsi and fisher indicators would suggest a buy.