If btc finds support at either the marked area or the ma's and breaks the down sloping resistance which has provided with a heavy selling volume the outlooks for an appreciation of btc price will be looking good as per projections.
The optimistic projections derive from the logic that the majority of the market is as always extremely bearish because i assume it...
Break of 25 ema 12hr chart classic squeeze. Volume above average because of binance trading competition leading to a breakout in relation to the recent sportsbook alpha release.
Possible continuation ahead.
*DENT-BTC indicating oversold characteristics, right next to ICO ROE hoovering about 10%~ from 0.
*MACD about to cross into a buying signal
*Past 24 hours a lot of buying action with a positive ratio of 28 BTC.
TP at 16 sats ~
Candle stick pattern showing large buying sentiment and volume confirming it on top of the previous high* whilst touching the 50 ema signifies a possibility for a continuation up to the 28$ mark if measuring at the previous swing where the fuel might tone off because of a new high.
I have a long.
This is a complementary chart for the idea linked under "related ideas", to make it easier to follow the price movement
Is gold leading the way for BTC?
Take a look at the similarities outlined on the charts.
I have this idea of that the marked points(horizontal lines) will be the key areas for determining the upcoming trend of bitcoins price movement because the areas collide as in support meets resistance and resistance meets support between GOLD & the indexes S&P 500 and NASDAQ 100 whom naturally have an inverse relationship.
The reason for this thinking is...
Here is my opinion of gold's probable future price movement.
The first leg down will happen because of the fake rally in the traditional stock markets now because everyone is urged to buy and are guaranteed a "safe 2019" following the latest news articles in the financial markets, i speculate this because inversely that is roughly where the supply area is...
XLMUSD has been showing some bullish signs after finding support in between the 50-60 % retrace from the miniature bull flag whilst squeezing on the monthly moving average with the drawn trend line signaling a breakout if we have a rally that breaches and closes with a few lines above the MA.
In the case of a breakout we can expect a surge upwards 0.14...
The LTCUSD has been flashing some bullish signals after finding support on the monthly moving average on top of the inverse head and shoulder pattern in between the monthly & quarterly moving average creating a new value area for LTCUSD between 30 & 40$.
If a break occurs we can expect a break up towards 40$ FIRST before regrouping in a rally with a break out of...
There is a great chance for a breakout happening in ETHUSD if the bulls manage to break the quarterly moving average that has found a resistance in the round number of 160$. Else to take note here is that ETH is currently in a value area in between 160,140 & 120 where the monthly average is waiting as a support marking clear value area between the...
This is the beginning of the end for the Estonian stock market as the economical indicators are at the same levels in the country as in 2008 in terms of employment, unemployment, vacancies and all the other good things. Not only that but the market is in heavy correlation to our American friends whom are on their way down in to the dumpster.
Here is an analysis...
It may seem like we have a reversal upon our hands how far i have absolutely no idea but potentially to the 6000$ level because of all the free room. At this current level there is a fractal within the inverse h&s pattern that to me signifies a probable strong incoming bull move because on top of that the patterns have found peculiar support around the...
Here is another opportunity to enter for the one that missed out on the first rally towards the 7000$, the minor bull flag is easily recognizable by it's sudden rally and diagonal decline while maintaining a horizontal demand level marked with the circles and confirmed with the price rejections visible in the candle spreads.
We can see that BTC has reached a level of a very clear demand area where every contrarian move for a violent move down has been rejected in a total of 5 times on the daily & 4 hour chart, judging from the current demand and supply areas it would be a good probability to see a bull run before hitting the massive supply orders between 6900 - 7000 marked with the...
Awaiting a retest of previous high for confirmation of the violent down move with the weak rally going on currently. At realization of the price action a take profit is set at current demand level, depending on how volatile the move is going to be. If market is depressed enough take profit will be moved to 6000~.