The price action facts
* We have big bearish candle week ago with small rebound it tell us that market not ready for quick recovery
* The past week shows outside bar that tell us doubt and confusing moods - means more possible retest lower levels
* We have technical good support around 3000-3200 with Weekly 200 MA support (long term support) that not already...
* Looking Ripple you see that no one news or "bullish" mood or "this market is different" not working
* Ripple finally follow to Bitcoin like others "different" markets like XLM for example
* We have empty volume from .280 to .400 and market need to fill it
* Also we have broad support from .267 to .313 where market can show...
Overview of POC-line
* Ethereum shows totally bearish view on market and moving to the self POC-line on 0.0199 level.
* Usually markets reverse above POC line or sell off this to the first support under POC.
* Now we see that this market continues falling wedge pattern (possible). And bottom line of this pattern is consistent with .0120 - .0180...
Update supports for Bitcoin
* Shorts positions weak - good point to start new drop for makers
* Longs start increase and may be liquidated in some moment
* We still have only 2 impulse wave (need 3)
* 3540 and 3000 coming
One thing you need to know
* This space is not regulated
* Big players like exchanges and huge funds can make any game with you because they...
* Price need to fill empty volume of 500-590 levels
* RSI oversold and near critical levels but without any bullish signs
* Moving in downtrend with main targets 545 and 510
* With more probability levels of 590 will be broken down
* Trade this market better on ETH-pair (impossible on BTC because of tight digits)
Technical vew of correction
* EOS moving in 3rd wave now with support $3.35 (0.618 Fib level of past cycle).
* The final 5th wave should be to $2.25 around zone that strong support also 0.386 fib level of past cycle.
EOS problem right now
Some block generators (of Asian origin) captured most of the votes, and thus the blockchain became more susceptible to...
* Primary level - 115
* Extreme level - 81
* Any long margin positions can be opened only from $81 level around, because now exchanges start process of liquidation retail traders longs
* RSI oversold, so we can get some bounce before final wave
Guys I have to say only few words right now and just publish this supports for you.
Why it happen?
My view - because of BCH hardfork war and possible war of ASIC miners.
As I say in my video - BCH situation very very negative for market.
Also 17 nov futures can playing some role.
Because market need liquidity to go seriously up.
BAT have a 130% profit run on last week and good peak with big volume.
What it can tell to us?
* 130% run means that this rise cycle is over and now we will have correction.
* Now we moving in A wave - and this is good because you can get nice B wave run
* Like any bullish and emotionals market on the peak we going down hardly and this is ok
What should you do...
Dash announced the launch of a payment application for Venezuela. This is a good project and, unlike BCH, this is speculation, supported not only by greed, but also by the fundamentals, as well as by a friendly community.The news sparked this market and could...
BCH have reaction of market for 15 nov hardfork.
This event is not positive for crypto - one think you should to know. Because probably only 1 fork can be alive after 15 nov. And this is not good for miners and cummunity.
In this chart I show main support lines for this wave.
KNC have a nice run with 1st wave and now moving in correction 2nd wave.
We almost reach support levels. And I decide to show you this coin for good entering position price. Thanks for info of this coin to @BilimNehri.
The levels 606-625 is good support, so market can react with spike on this levels.
By the way it seems that correction can go 1 week more. Because...
Some of my friends aks me about this coin and levels. So I decide to create idea for this because I think its good coin with good TA at the moment.
QKC have a seriously FA for coming run because of 31 dec mainnet launch. So we can see good levels before 31 dec happen.
Events list for this coin - coinmarketcal.com
QKC now in 4th...
NPXS get ready for 7.316% distribution at 31 oct 23:59 UTC+8.
Ice moves. Huge order book will explosion to 31 and next to 49 levels.
Remember about sell off after distribution time.
For enter position - better to use "market order" because now this market not selling price...
As you know, after the jump, which was a couple of weeks ago, Tether was trading in tandem with the US dollar at a big discount. It was a question that worried many (to put it mildly) who would be passionate about space or investing in it. The logical decision was to compensate Tether on the exchanges that traded in tandem with him. So, Bitfinex and Binance...
Like a VIBE, Modum have nice run and now completely oversold at 12H.
On the chart you can see classic squeeze model.
The more attractive level to enter is 1460 but 1500 also good.
B wave coming in next 24 hours. Take your seats and fasten your belts.