mmsantos.br

mmsantos.br

BTC continues its sideways movements, consolidating. It is being negotiated under EMA 18, EMA 50 and EMA 200. We may see a 'death cross' (EMA 50 crossing through EMA 200) on the next few days if BTC does not gain bullish momentum.

mmsantos.br

So... XRP break the Falling Wedge - and it is moving in a nice, well defined, uptrend channel. The problem with this breakout it the low volume. But for me what happened was enough. If XRP follows what is expected for a bullish channel pattern, we should have some stronger highs interspersed with small recessions - predictable and orderly. This pattern is...

mmsantos.br

I am analyzing XRP on the last few days and what took my attention was a Falling Wedge on the daily chart. On weekly chart, I think the Falling Wedge is clearer. By the way: it is a bullish reversal signal.

mmsantos.br

BTC jumped from the congestion zone 7.5~8.3k and is being negotiated around 8.6k, just below EMA 200 (that acts as resistance, for now). This is in line with my last analysis (see: related ideas). If BTC continues to go up, the next resistance is the 9.1~9.3k resistance zone - a strong one. On the other side, if BTC reverses, than the next supports are is 8.3k...

mmsantos.br

XRP touched the upper limit of the falling wedge. If you observe, last time XRP got stuck in the the 0.20~0.27 congestion zone, it took less than 20 days to attain the 3.31 peak (10x in less than 20 days). Nothing guarantee that this will happen again. However, a breakout of the Falling Wedge can be potentially huge.

mmsantos.br

BTCUSD is marking +5.3% today (while I write this analysis). However, it is being contained by the 8.3k resistance (the upper limit of the 7.5~8.3k congestion zone). If BTC can gain bullish momentum, there are some important resistances: EMA 200: +/- 8.7k 9.1~9.3 resistance zone For me, everything still seems bearish.

mmsantos.br

"If you make known your interest in your charts, you will be told that the chart analyst is always late - that buys after prices have already started up, maybe until long after the 'smart money' has completed accumulation, and tht he sells after the trend has unmistakably turned down". (Technical Analysis of Stock Trends, 10th ed. - Edwards, Magee and...

mmsantos.br

Another possible double top. Pattern not completed.

mmsantos.br

SPX completed an Island Reversal.

mmsantos.br

When we look at DJI charts, the overall picture points to a reversal. 1) There a Double Top pattern almost completed; 2) There is an Island Reversal (a top formed between two gaps in about the same level) completed today.

mmsantos.br

Some people still arguing that IBOV will go further... 125k points... etc. The fact is: Bovespa, as well as other stock exchanges around the world, should undergo a major correction soon. Points to observe: 1) the Major Trendline, that is holding this bull cycle, will hold the fall? 2) the double top pattern will complet?

mmsantos.br

BTC is stuck in a congestion zone, between 7.5~8.3k. If it gains momentum, there is two main resistance: EMA200 and 9.1~9.3k resistance zone. If it goes down, the immediate target is 7.5k. The overall picture is Bearish.

mmsantos.br

Do we have a Broadening bottom? Pattern not confirmed! We have to wait.

mmsantos.br

BTC is in a downtrend channel. There is some action in the middle of the channel. Maybe BTC retest the lower boundary of the channel soon... Next step: 7.5k support.

mmsantos.br

A warning sign: note how the candle of september 24 resembles the candle of june 26 but inverted. Be patient. Analyze the price action next days.

mmsantos.br

Hi everyone. I swear you I searched for bullish indications on the chart ... Now maybe we have some more bad news ... Look at Downtrend Lines 1 and 2. Together, they form a descending channel. In general, when we look for validation of the channel, we have to observe the price action on the boundaries and in the middle of the channel - the yellow descending line...

mmsantos.br Updated 

BTC is testing the 9.1~9.3k support zone.

mmsantos.br

IBOV