Watching for this going into the weekend. If it plays out a bounce would retest diag.
Looks like Bitcoin could easily shape up for a classic AB=CD which will complete the breakout of the diagonal, test the horozontal resistance at $12.5k, the bearish end and retest of the breakout and large quasi invesrse H&S / A& E bottom. Enjoy filbfilb
Hey Traders! So the bulls had a great week last week retaking ground at the $10k USD level. but just falling short of completing the H&S measured move. Im going to stick to analysing the 12 hour candles as they seem the most useful for my trading style. This week im looking for the bulls to complete the Head and shoulders target a the 11400-12200. There is...
Here I present the case for the bulls and the bears using 12 hour candles. We are currently range bound in a hold-your-position or no trade zone. (Yellow Triangle) This will play out by the end of the weekend as it represents the end of the range. Watch for Fake outs. Bulls - Reasonable support established in the $7600-8000 range off the back of a c.60% up move...
Morning Friends! Litecoin has made a tremendous move this morining breaking out of its downward resistance off the back of the news re the imminent litepay news. This to me represents the first of the major coins to make serious moves to break the bear trend. I would expect to see us now make a temporary top around the $200 range and i have taken profits at...
Bitcoin likes to rally through Friday afternoon into an early sunday selloff (this has been the case for the last 6 consecutive weeks) Here you will see on the hourly that we will look to attack the $8600 range in the next few hours. Here we may find some resistance and hopefully then breakthrough with eyes on the 200sma and next level of resistance in the...
Bitcoin is seeing sustained selling pressure. Another failed weekend for the bulls will likely see new lows in the week ahead.
As you can se from the chart DXY is at a long term support. A break from here would see the USD drop a futher 10%
Hopefully the description on the chart helps :) TA suggests we have at least an interim bottom Any questions please ask FIILBFILB
I find the biggest successes in my investment / long term trades coming from looking at repeating cycles of similar assets coupled with fundamental analysis. Markets typically act with the same logic as explained by Wyckoff - i suggest further reading for those of you who are not familiar with his market hypothesis. I thought i would share this, both because i...
ETHUSD Continues its strong uptrend. All indicators are bullish. $1800 seems possible mid term.
EMA Cross will confirm we are back in action.
Time to see Bitcoin decide! TA Only: Bulls: Significant Long term bull trend Higher lows 10k psychological support Symmetrical triangle of Sorts Its Bitcoin! Bears: Bear Div RSI Lower highs EMA Cross Head and shoulders top inside bigger head and shoulders top Medium term long term support is a lot lower Significant 20k psychological resistance
Ive been saying for a long time that i thought that we would pump with the futures (at least initially) on the basis that more people will have access to a bull market. (ref; twitter) Looking at the prior consolidations an extension similar to the last move will take us to c.$22k. This target is found via several different methods. Entries around the $15200 and...
The parabolic move is undoubtedly the most sought after pattern for traders and investors with huge upside in a short space of time with followed by a blow off top. Typically there are several periods of consolidation or 'bases' which are established with increasing range between each of the moves. The final phase is a usually the most violent in its upside...
When we are at all time highs and profits have been taken its difficult to know if we are going to keep going higher or if we will retrace. Well here is my strategy; the first port of call is to look at he signals which have been the strongest in defining the previous breakouts that got us to where we are now. The cloud is a great place to start for this and one...
Case for Up: Conflunce on Fib levels which match targets: - H&S bottom Gives us a return to the 78.6% fib extn. c.$1950-2000 where we will meet resistance. - C&H: we will probably retrace from the H&S target to the top of the cup which will then look to retest the previous highs at $2600 and complete the ascending triangle. - Ascending triangle once broken we...