ETHBTC has been lagging, unable to break above the 200day EMA.
Bull flag formation with ETH finding strong historical support at this level as it diverges closer to breaking point.
Will ETH find a continuation to the upside by the end of june? My bets are on.
Good morning all
A quick analysis of the LTC/USD pair utilising FIB retracement and extensions..
Previous corrective moves retraced to .618 or thereabouts, previous impulse moves extended the exact length of the previous impulse move..
IF history repeats itself, the play is simple.
Lower green box = accumulation target
Higher green box = sell...
Just updating my take on the current BTC prive movement, i previously stated we are commencing corrective wave C, which i think may have been a tad early.
Ideally, we are still in a continuation of corrective wave B and find a local top around 8400 zone before moving into our descent and the beginning of wave C.. This would complete the current H/S...
Brave index on the weekly.. Closing Doji on completion of wave 5 and ABC correction initiated. Head and shoulders formation inbound further verifying the imminent reversal we are about to see over the next week.
Text book ladies and gentlemen! look at historical trends and verify retracement areas with Fibs, we generally see .5 to .618 before starting...
Just an update in regards to the position taken this morning..
Breakout confirmed, retrace as per fibs to .382 before continuation rally.. Local top needs to be taken out before we can move higher, lots of resistance on the way up.
Upside potential >15%
Good afternoon ladies and gentlemen
Another symmetrical triangle play i've been looking into is the XTZ/BTC pairing.
This could break either way, currently looking for an increase in volume to the upside and break of triangle to confirm change of trend.
Typically, target range is measured from the initiating high and low in the pattern which gives us an...
Good morning all
Here is one i have been watching consolidating for awhile now.
Volume has increased and broken the current bearish penant to the upside. Confirmation is required of trend reversal at 1110sats to close on the daily timeframe.
Sell targets > 1250 sats
Ladies and Gents,
After completing a full impulse wave 1, we are now moving into a healthy ABC corrective wave retracement.
FIB extension of corrective A wave used to measure where we are likely to descend to on wave C completion.. aligns with previous resistance trend line marked in blue. Green box = Buy zone (.5 to .618 FIB retracement are top and bottom...