I'm sure everyone is crapping themselves at the moment, trying to figure out why this sudden retracement has occured.
Here's the reality folks - this is actually tracking a channel I first noticed back in November of 2017, based on a trend that started in March of 2017. These periodic dips are condusive to the channel shown here, and if you notice, starting from...
Earlier today I posted my idea that BTC/USD was at at key pivot point. We've seen a dramatic drop since then, blowing through the past resistance level of 14450, and are now heading towards the 13000 level. This is a key support level, on both a technical and fundamental (read that as "people think it matters") level. If this is also blown through, we are headed...
After an amazing uptick since the first of the year on ETH/USD, we're not seeing it retrace back to the second fibonacci level at around 1,117. We have yet to break through, and if the support holds, we should see a reveral within the next 12-24 hours.
If we break through the 1,117 level, look for a continued drop to ~1,000, which was last seen on the 8th for a...
Right now we are hovering around an interesting support/resistance level. If the market stays above the yellow line (~14500), we may see an increase in rise, while at the same time, if it converts this level to a resistance level over the next few hours/days, we are looking at a drop to either ~12950, or even 11750.
