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

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...