bitcoinwizard1

bitcoinwizard1 Updated 

Amazon has a Double top pattern with bearish divergence at all time high, It did broke the neckline (1902$) and it's currently doing a retest of it, short entry values are $1869 and $1902, with stop loss at $1954 it will take 2 or 3 days, before it starts retracing sharply to its next support zone $1569/$1600 this should be Next week, will probably reach the...

bitcoinwizard1

DAILY CHART: (LEFT CHART): Currently shows a daily bullish divergence It will do a short-term pull-back to the $1150 zone (important resistance and top of the downtrend channel) But it will be reject it, next target will be $991/$1000 by November. Monthly chart: (RIGHT CHART): Is negative, it has a Bearish divergence confirmed and shows a spinning top reversal...

bitcoinwizard1

Btc/usd trend analysis: 3 resistances converging in the same zone, the Price touched $6421/$6431, where the 21 Ema of the daily Bollinger bands is and got rejected, there is also a yellow line resistance in the same spot, this line is the main downtrend line that it has been rejected the entire year, a little above that one we have another thin black deciding line...

bitcoinwizard1 Updated 

Currently in accumulation zone, Rsi starting to turn bullish same as MACD in a daily chart, good buy will be in october, at the bottom of the accumulation box, same previous lows around 0.0085, the value in USD will be between $48/$52. and the target $78 and $92

bitcoinwizard1 Updated 

The Purpose of this chart is to serve as a guide for you to know when it's safe to buy bitcoin, as you know charts are made by two axis, price and time, both variables are equally important, therefore a good buy must be placed at the right price and at the right time, trying to anticipate a good buy opportunity can result in a failure of the timing causing you to...

bitcoinwizard1 Updated 

44 days of accumulation, it might need few more days, but movement looks solid, if you look it at 1 day time frame, it also has 1 day bullish divergence and a hammer reversal candle.

bitcoinwizard1

current movement support $6450 long signal, stop at 6375 targets on the chart

bitcoinwizard1

We can see small inverse head and shoulders in 30min time frame targets $6500/6550/6686

bitcoinwizard1

4 hour divergence in progress, and this run has same characteristics than previous one. likely to retest $6400 and $6200 after this top at $6950/$7020

bitcoinwizard1

LTC bottomed at $46/$48, and formed a good accumulation box with double bottom, with a 1 day bullish divergence. we should see a nice pump in the incoming days

bitcoinwizard1 Updated 

XRP always doing unbelievable rallies, despite the overbought indicators I think the rally is not finish yet, looks in reaccumulation, don't buy at $0.58 is to risky, wait for a quick pullback between $0.49/$0.52 then set your stop at $0.45 an wait for the targets.

bitcoinwizard1

Nice falling wedge pattern, and forming bear div. either if this pattern fail at $6800 and comes back down i believe we will see a retest of the main downtrend like close to $7000

bitcoinwizard1 Updated 

After a good accumulation between $205 and $212 eth had a solid breakout of this level, we will use it now as a stop loss, and we will set buy orders between $217/$220

bitcoinwizard1

BTC has held above $6376 (consolidation) with next target at $6540, after that we might see another drop to $6300 level that will likely be another Long entry.

bitcoinwizard1

Lenght of the target in the first triangle +6% about to $6740, made another small bull triangle which target 4% ( 6740/6780) is the same as previous structure

bitcoinwizard1

Bearish divergence in 2 hours, and bearish reversal structure, my expectations are one more pump to around $226 / $232 after that $200 and $189. One day bullish div already made the rebound needed from $167 to $226, time for retracement

bitcoinwizard1 Updated 

Lower volume than prior uptrend indicates weakness, if you take a look on the weekly chart you can also see bearish engulphing candle that took off 3 weeks of uptrend in just one candle, in fact 85% of the retracement was given in 24 hours, this is something that we can't ignore, selling preasure was way too high, and it will probably show up its power again...

bitcoinwizard1

Cup and Handle Characteristics It is worth considering the following when detecting cup and handle patterns: Length - Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be overly deep. Avoid handles which are overly deep also, as handles should form in the top...