Are Bull still in charge of this Bitcoin phase?
The chart pattern that is developing suggests a Bullish bias.
After a short correction/consolidation we have stabilized in the low 8000 area. This is a good sign that there is more to come in the near term for a BTC rally.
1. PPO still neutral/bearish
2. Volume is decreasing confirming the pattern
3. Stoch is in...
EOS had a good rally as per my previous analysis with all target achieved (see previous idea below)
Now on the Ichimoku cloud we expect to turn bearish and retrace to 1.7244 initially and if the 382 retracement broken, to 1.6194 where we find stronger support.
Entries can be sought only if support is broken at 1.85 or below with significant momentum on the...
EMC2,has developed a rising triangle with bullish bias shown on indicators/oscillators.
Wait for a solid break of the pattern before entering the trade.
At the moment the bullish momentum has stabilized and primed for a big move.
If broken downwards we have weak support at 0.00001419 and a stronger support at 0.00001163
GAS has been falling steadly and seems now that has reached the base of the triangle.
Coupled with a sharp downtrend of BTC we might see a bull run towards the previous high at about +60%
A solid volume on breakout and stop losses on the way around the FIB retracements can help minimize drawdowns for sharp change of direction.
As per my previous related idea below we have another structure formed that could be useful for an entry on breakout.
Bearish bias is present on all indicators and a correction might be imminent.
The triangle structure could be useful to time an entry with a target to 7600 dollars.
Wait for a solid close outside the structure and keep an eye on volume for...
After the positive breakout from my previous analysis (see related idea below) IOT is ready for a brief correction before continuing the bull run.
At the moment we have bearish divergence on all the indicators
1. PPO divergence
2. Stoch struggling to point upwards
3. RSI divergence
4. MACD is bearish
5. CCI divergence
A triangle structure has formed confirmed...
After this last rally, bearish divergence is fully matured and developed across all indicators.
1. PPO is bearish
2. Volume is decreasing as price rises (sign of weakness)
3. RSI is diverging
4. MACD is pointing down and bearish
5. CCI is diverging bearish
We might start to see a correction after a last weak push towards 8300+
A first retarace can bring us...
We finally broke this significan chart pattern. After a very long consolidation, ETH has start to move.
Volume increase confrims the pattern breakout.
- MACD has turned slightly bullish
- Stoch still solidly in the overbought area signalling a strong momentum
- RSI is bullish
- CCI has bounced bullish
The first target is a retest of the ATH, 390 dollars.
A bullish pennant has formed.
Indicators offer conflicting signals, a sign of consolidation:
- Stoch is oversold
- RSI has a bullish divergence
- MACD has crossed bearish but not at a steep angle
- CCI is gently sloping down showing a possible bounce
2 possible scenario:
Bullish, we will retest and most likely exceed ATH with a short term target to 8200...
After the substantial bull run until 19 dollars, ETC has been consolidating in a triangle pattern.
BB are compressing and an imminent move is probable.
PPO is showing hidden bullish divergence. MACD is nearing a bull cross. CCI has bounced bullish.
- Long trade +15%
- Short trade -12% (support is at the 15 dollars area)
Short term view of IOTA suggest a triangle formation with bullish bias due to the recent bull run.
TP for long around 9.8% and beyond if double top and previous ATH broken.
TP for short -6.2% towards support.
On the 4H chart we had as per the previous analysis (see related idea below) a TK negation. If the negation stands untouched and we hold the Fibonacci 0.618 fan line we will certainly bounce back to previous levels in the mid 7000 and then higher.
Last time we had such negation on the 4H chart we rallied from 5600 to the ATH of 7900.
A nice confirmation of this...
I would not consider shorting bitcoin unless we will have a TK cross on the 6H timeframe.
We have a bear cross between the price line and the lagging line that is heading towards the T line but it is a very weak bear sign.
Yes up to the 4H timeframe we turned bearish but on the 6H we are sitting quite strongly on the Kijun.
If we enter the Kumo and only if we...
After reaching 7500 we started consolidation in the area shown on the chart.
The euphoria of the Segwit2x hard fork cancellation generated a momenutm above the consolidation area showing that buyers are still in charge of this momentum.
This buy spree has slowed down the expected consolidation downtrend of my previous analysis, but the pattern depicted there...
After a solid rally with increased volume and interest for EOS we are now at what looks like the end of this descending wedge formation.
Looking at the bounces in the RSI a solid recovery is possible. However there is weakness showing at PPO and MACD that still fully open at the 4H timeframe.
If broke on the upside 2 TP are achieavable with low downside risk if...