Bitcoin Gold has been following the market trend for the last days and is on retracement from its breakout. So it came to my notice that Bitcoin Gold might be forming a falling wedge reversal pattern which if it follows we should be seeing it bouncing back from the area of support 1 and breakout of the descending triangle after which we should see a breakout to...
For the last couple of days, Bitcoin has been bearish which has led to a new pattern, the falling wedge reversal which we have already experienced since the recent upward trend. So we should see Bitcoin playing inside the descending triangle after which the next bull flag should stop when intersecting with impulse 3. So I am staying bullish for now and lets see...
ZClassic a hard fork or a failed project, pump and dump scheme? This project was thought to be hard fork and a lot was expected from ZCL, however the price of the coin went on a free fall (when a man is on a free fall, there is no force acting on him except the gravitational so he falls with constant speed heading down, in other words very similar to how ZCL price...
Stellar Lumen, one of the top altcoins has just finished retracement and bounced back from the price range of 0.000038 BTC and is looking bullish again, it tested the first resistance at 0.0000043 BTC and fell back and found its support at 0.000041 BTC price range. If to follow the 5 wave procedure, it just finished wave 1 after it was done with retracement and is...
As I stopped my trades for Altcoins, I am more concerned about the King of the crypto-currencies Bitcoin. In my post yesterday, I have mentioned that Bitcoin can drop below the weak support of 8700 USD price range and bounce back from the downtrend channel and things can get nasty if it goes inside the downtrend channel however I said I am staying bullish as I...
So since yesterday evening Bitcoin has been on a bull run but what happened next Bitcoin started it's retracement as most of the traders suggested which is still good even if it exits upward trend line, the fact that Bitcoin is on a bull run is still possible as it has been constantly increasing over the past days and needed a little bit of retracement. I am still...
Bitcoin, in the last days finally got out of the last downtrend channel. My prediction for the next days of Bitcoin is that, the old downtrend channel will act as a support, and Bitcoin will bounce back from this downtrend channel and hit the resistance of 9200 USD. From my analysis, I have figured out another upward trend line which could have been the result of...
Three rules of Elliot Wave: Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1 The five wave graph of Bitcoin Gold, obeys the rules of Elliot Wave theory by bouncing back form the upward trend line. Therefore, our...
STEEM is on a breakout, possible profit if to follow the upward trend.The coin just finished wave 4 and is looking to get back on the upward trend, wave 5 is expected to come shortly, target for wave 5 is 0.0005 BTC. Other indicators which tell us to buy now is: -Stoch RSI shows oversold and is looking to go back up again -MACD shows close STEEM has proved itself...
Bitcoin is sliding on the upward trend line and next price increase to 8600-8800 USD is expected however this resistance wont be a hard one to break for Bitcoin. After which Bitcoin will move to next resistance which will be 9200 USD. After hitting this resistance, I think 12000 USD wont be far away.. Good Luck traders!
Dash has just confirmed breakout and is looking to break the 0.052 BTC resistance. Dash may perform a double-bottom pattern at 0.049 BTC and then break the 0.052 BTC. In both cases the coin is expected to break this resistance soon, and move to the next resistance which is 0.056, where the coin is expected to test this resistance and if it continues on the upward...
Like all the other coins Decredo is back from correction and is now on bull run, the coin might hit its resistance of 0.008 BTC and bounce back however it wont be long till it hits its upward trend line after which we should see the next bull flag. Buy-in price: 0.0075-0.00795 BTC Targets: 1. 0.0095 BTC (short) 2. 0.0115 BTC (long) Coin potential price: 0.021...
Neo another strong altcoin and a successful Blockchain project which has approved breakout after finishing lower bottoms trend, the next stop is 0.01 BTC. Buy-in price range- 0.082-88 btc. Stop loss at 0.079 btc. Since Bitcoin has been bullish past days there are a lot of opportunities in the market however make sure you watch the Bitcoin price, if Bitcoin goes...
Vertcoin has been on a breakout like most of the top 50 coins, however Vertvoin is a trusted coin and Vertcoin bull runs are like no other the coin can go sideways for a long breakout in couple of days. lets look at the breakout on the first of april more han 50% in a couple of days and it has corrected since then and the next breakout looks really close with MACD...
Bitcoin Update showing new supports and what might happen! Good luck!
Bitcoin has been showing a breakout last two days however in my opinion the market is still not ready for a final breakout. Bitcoin sees the resistance at 8200 USD however this resistance may be an easy one to break as Bitcoin has been stuck in low price range for a long time now. Stronger resistance will meet us at 9200 USD. In my opinion, we might see a cycle...
Buy option, coin is under valued even for the correction times. Its best support is at 0.000464 BTC so do stop/loss at 0.000459 BTC .
Buy option. Just confirmed breakout today with more than 10 % up, coin is expected to rise with the same momentum as bitcoin which would mean double profit in USD! Long term possible breakout till 0.00023 BTC.