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Neblio already broke through it's resistance line on good volume.
Daily MACD nearly crossing bullish
Daily RSI has been oversold for a while.
I think we can see NEBL fly throughout the upcomming days/weeks, the only conditions it needs is for BTC to be steady.
Bitcoin is currently consolidating between the resistance and support line.
After observing Bitcoins behavior we can make the following observation(s):
- Bitcoin's price bounced when RSI hit oversold condition on the daily.
- Bitcoin's daily MACD crossed right after it tested the support line several times.
We can spot the start of a possible Bearish Gartley...
Ripple is currently forming a huge triangle forming since the middle of 2017.
It is currently just bouncing of it's trendline and could be a hugely rewarding trade if it were to bounce from this trendline and break bullish.
Buy in between 8400-8500 Satoshi
Stop loss just under 8400 Satoshi
Targets (only the first targets, could very well go much higher if it has...
The daily Ichimoku cloud shows us we have a few days where there is nearly no resistance from the cloud coinciding with the dowtrend on the logarithmic scale.
For me, this would be our best option to break the downtrend here.
Past couple of days, volume was extremely low, at a level of where the 2017 BTC rally started to take off.
We also saw a Wyckoff...
Both USD and BTC paired charts appear to be at a decisive point.
XRP/BTC chart forming a nice wedge while now on daily Pivot support with RSI nearing oversold status on the 1h
XRP/USD consolidating on the daily pivot point.
Appears bullish but trade on breakout either bullish or bearish
As we can see in the bottom half of the analysis, BTC has touched the 2017 log-scale trendline and bounced up from there.
BTC also entered my buy zone (will add extra pictures in the update section)
Bearish volume is decreasing as seen on volume, green candles are getting bigger and are starting to take over red candles which could indicate reversal.
If we drop...
So, I was really annoyed by the video that was posted on tradingview comparing the 2013/2014 crash to the 2017-2018 crash.
Firstly, the fractals on the video were incorrect and totally not compareable. Also the fact that there was the Mt. Gox scam in 2014 were totally left out of the picture.
The author claims that we are about to have the real bubble crash. In a...
As can be seen in the chart, BTC has been rising linearly on the log scale chart in 2017.
at the 6k dip we retested this trendline and are now hugging two trendlines that are keeping us down.
The bull flag line lines up perfectly with this point as does the second downtrending line. We are now at the decision point. breaking up here means we are out of the downtrend.
pretty sure we will be seeing a big breakout soon, either up or down, but this will be a big move.
The ascending wedge mostly breaks downwards so Im calling down for now. If it breaks upwards we'll be seeing a big bullrun
As we can see we have hit the OTE (Optimal Trade Entry) at 0.71 Fibonacci retracement on the 6th of january. We have yet to hit a Fibonacci extension since we have had this OTE.
An entry at the 0.71 Fibonacci retracement usually means we hit the -0.272 or the -0.386 Fibonacci extension afterwards.
As we can see in the chart the -0.386 Fibonacci extension is...
In my previous analysis on BTC/USD I showed that Bitcoin is following a linear increase on the logarithmic scale, this means we are still following an exponential trend.
BTC has just corrected for the third time on this logarithmic trendline within roughly the same time periods (60-63 days) and all with similair increases when retracing back to this trendline...
Either we bounce off the 50MA on the daily candles or we break the linear trend on the logarithmic scale (parabolic trend) or we are going to move to lower levels.
We need to bounce here otherwise next targets are 7,5k 5k and 2,8k that act as support areas. A strong break of 10k on the leading exchanges (most preferable bitfinex) would make us drop down.
First of all, I am neither bullish nor bearish on BTC in the long term. As of now, technical analysis shows me more bearish indications than bullish.
I have devided this analysis in two seperate parts. The upper part views BTC/USD on a logarithmic scale, we can see on this scale that BTC has been moving linearly on this logarihmic scale.
Last two rises that were...
BTC looking like it could go for wave 5 with target a nearly identical rise to the previous two.
Last two waves up show they where nearly identical in % up aswell as the time it took to make that increase.
It is currently following the channel as shown, A breakout from the channel occured, followed by a quick pullback to get back in the channel again.
As long as...
Neo will most likely touch bottom triangle line first before breaking upwards.
Textbook ascending triangle, nice consolidation after last rise. Very good risk reward ratio.
Targets based on FIBO extensions,
Buy when structure breaks, use trailing stop loss just below each FIBO extension.
ETH is currently forming another pennant indicating a possible continuation after the breakout that occured earlier.
Ethereum has been in a state of consolidation for a while and is looking to gain terrain once again after the rise of coins like LTC, STR and XRP
Targets and stop loss indicated in the chart.
Buy above 860 USD if strong break with good...
In order for this idea to work the trendline that XRP is moving up with has to hold.
Wave 5 is usually shorter than wave 3. Unless XRP is extremely bullish next TP is 0.236 FIBO extension, 2nd target 0,618 FIBO extension.
Manage your stop loss tightly