Now BTC showed green week . Lets find out is it market reversal or no?
Before this big candle BTC accumulated over 4 months and was really oversold . So I can call it a correction and implementation of accumulation.
We see strong sells from 6000 $ , it is strong resistance and breaking down this lvl on the first try is really low but it can be...
Now XRP is in strong buy area , but we have compression to this support which increases odds of its breaking down . Also we have local down trend which must be broken to look for buy points and of course this breakout must be with big volume.
Signs for up movement
1) Strong buy zone
2) Lows are getting higher
3) Must be breakout of local downtrend
4) Must be good...
Now Bitcoin is in flat between 3200 - 4200 . Price is approaching to the support . The probability of support breakdown from the first try is low but can be because of lowering of the highs . But I guess price will continue stay in flat . I dont trade BTC and other cryptos which highly correlated to BTC because of dirty movements in flat . Other predictions will...
We have a typical saucer reversal pattern . So I wait for TUSD pump or we can call it another USDT dump . I look at it only from technical analysis side . We have already had 2 pumps before and repeating wont be strange . Also such saucer pattern was before but it is larger so pump can be larger . I think it is easy profit because I am not risking anything but...
What do we have now ? Situation is really bad . Pump is going to be closed entirely . Fast growth began from 1 k $ and we can easily appear there because in 90% pumps are closed completly . You can check it on histories of every bubble.Mostly every coin droped more than 95% . So it can be with btc. A huge accumulation in 6k zone is traded downward now and this...
If ETH breaks down the support zone there is a high probability of going to 100$ and 50$ . We have the biggest volume ever on ETH , a bouncing was weak , and then it went under this volume so we can suggest falling down more and may be a first step of position accumulating by the big players .
1. WABI made 200% from the bottom ( good buyers interest)
2. A great accumulation in the middle of pump ,what means that buyers hold the lvl
3. Breakout of accumulation resistance with massive volume
4. Retest of accumulation and perfect buyout with one big candle on good volume
We have 4 bullish signs , and 1 bearish this is down trend in a whole...
So what do we have now? A really long flat with lower highs what looks like a triangle . Recently we observed an unpredictable pump . What could it be?
1) Cutting shorters. ( shortsqueeze ) Why? Because Bitcoin was very technical and everytime bounced from the trend line .Due to this many people shorted btc with leverages .
2) Activation of buy orders .. Why ?...
We have a scary situation. Long accumulation is trading downward . Also I noticed a H & S pattern , it is a bearish pattern of a classical technical analysis , but I rarely use it. So the support or neckline was broken down . I guess BNB can fall more even 3 $. But we can say about 3$ only after passing through 7$ .
1st target 7$
2nd target 3$
Bitcoin is in down trend. So I assume it is useless to look for buy points now .But 6000$ lvl is a strong buy zone from which we had 3 bounces and every bounce is weaker than previous . It means 6 k $ is making weaker and can be broken down.The next great lvl is near 4 - 4.4 k$
Now EOS is lying on the strong support zone from which was a huge growth. Also there is a sharp increasing of the short positions on Bitfinex, this means that almost everyone bets on the fall due to this fact I guess the short squeeze can be. But includng a weak market and bear trend, breaking out 5 $ lvl after short squeeze or without may cause the downward...
We have a huge accumulation , the volumes are really great and price is still at the bottom. But we can get the next bottom as a gift.So if price goes under the red line the scenario will be canceled. I dont have target for sell because everything depends on growth of bitcoin and the durability of accumulation . I guess that ATH will be updated.
We have long accumulation which is played upward , this is a a good sign for bulls and there is a high probability of going higher to the next targets 8650$ and 9100$ but we can expect it only after breaking out 7700 $ and fixing above .From the other hand fixing under 7200 $ can trigger motion to 6800 support.Similar accumulation was before and we can wait for...
I expect deeper correction on Litecoin , it is caused by breaking out strong support on 100 $ and also by weak bear market . We have good support zone from 32$ to 50$ where the huge buy volume was , may these buyers can stop the fall. Will see
1st target 70$
2nd target 50$
I guess that EOS will go down , but I wait breaking out of 12$ lvl for confirming my theory. So after that the next targets are 10.4$ and 7.4$ . Coin was pumped hard and we should have a rest and frighten hamsters which bought on highs.I showed a good buy zone for me , it is a strong support and a zone of high volume accumulation. This chart is very similar to...
Bitcoin is still in bear trend, I guessed that BTC could reach 11 700 but It set new lower high so this is a sign of bear trend continuing , but also it set a higher low on 6600 lvl , so I decided to connect it in triangle and after breaking out support on 8300 we may see a fall to 7000 lvl. Just a suggestion , it is not an advice for trading
I guess that situation can repeat , because we doesnt have any accumulation to set new All time high on the first try, so may be ETH will make some efforts to break out the resistance like it was before. I chose target 5000$ because it is 4.618 Fibo lvl and the highest lvl about 1500$ was also on 4.618 Fibo lvl