During the last bullrun BTC touched the 100 ema at least 7 times. During the current bull trend, the 100 Ema has not been tested once. After BTC broke down through the rising wedge, I see a break down to 7.1k and then a retest of the 6000 usd range. This would provide good support. Hopefully we get a higher high from the 6k range.
There seems to be a recurring bullish falling wedge setup. I have marked my accumulation zone and will place scaled buy orders there. This will partly be for long term positions and for short term trades should the pattern breakout of the wedge. Pay attention to false breakouts and don't be fooled.
First target where I will sell a bit is at 0.55$ (0.6 fib...
There isn't a lot of volume in the market. Bearish divergence and penant forming. The blue line is an important support that needs to hold. We have a long accumulation period ahead of us. I suggest caution. Even if btc breaks out the low volume and uncertainty of the market will make it difficult for btc to break through the numerous resistance trend lines.
ETHUSD has the similar characteristics as BTCUSD. However, we need to keep in mind all the ETH that has to be sold by ICO in the upcoming months. The corrective wave will bring us back to the 97usd range, from where we will try to reach new highs with the next EW count. The third wave is the most powerful one so make sure you do not miss that one. *
In my opinion Iota will touch the next support of 0.18c in the next few weeks. The volume currently is very low so let's see if the support will hold. None the less I will be accumulating at these levels.
Bullish pattern on LTC/USD trading pair. I will monitor this closer and have entered a long position. My stop loss is somewhere in red.
First Target: 300$
Second Target: 450$
* I am not a financial advisor. Do not trade based on my TA
ICX/BTC Testing the resistance for the second time ¨. I set my stop limit buy at 7234 sats in case of a breakthrough of the resistance. Otherwise it is overbought at the moment and there can be a small correction to the next support line where i will buy back.
Resistance: 7234 sats
Buy back: 5438
Stop-limit buy: 7250
*This is not financial advice. Just my own opinion
Possible correction upcoming. Resistance at 1200 and not enough volume to continue growth. Support is at arround 770$. As long as it touches the 0.5 fib support and doesn't break through, it may bounce back. I will update this TA when I have more information. Feedback appreciated.
*This is not financial advice. Trade at own discretion
0.6 pullback would mean a healthy price correction before the price goes up any higher. The 0.5 fib would also be a good entry point for those that are experiencing fomo at the moment.
*This is not financial advice
BTC has been drastically overbought which calls for a drastic correction for the growth to remain healthy. I see a correction to fib 0.618 since past corrections have had the same retracements. At the 0.618 retracement level the fear climaxes and the final weak hands drop btc and sellers pick up the coin for cheap.
A further important point is that there will be...