sniperz

sniperz

As you can see until 29th June 2018, BTC kept making newer lows everytime it traced downwards. But on 11th Aug 2018 it made a higher low for the first time in 2018 suggesting that bear trend might just be getting over. ----------------------------------------------- Also if you see the rate of drop of BTC has progressively weakened with each downfall except the...

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BTCUSD chart on 4 hour time frame showing bullish and bearish divergences Chart itself is self explanatory You can a bullish divergence right now and then a green spike. We still have to break the blue trendline to break free of the current down trend.

sniperz

We have a unique scenario here. There is a bearish divergence as per technical analysis but fundamentals suggest otherwise. As you can historically whats happening. Price makes a Lower high but RSI shows a Higher high. This is bearish divergence. As soon as it hits the trendline, it pushes the price down. But fundamentally situation is different now as we...

sniperz Updated 

As we have seen BTC slowly climbing upwards since past 2 weeks. There has been some pullbacks. Whats happening now is a pullback for the next step forward unless some bad fundamentals pop up BTC price has formed a higher low on 4hr chart whereas RSI has formed a lower low = follow the orange arrows. This is a bullish divergence. Earlier on there was a bearish...

sniperz Updated 

BTC broke the downtrend channel, bull divergence played in our favor. Next resistence is 6700. Next support is 6250 A possibility of double bottom just like the one which we saw in April Confirmation at breaking the neckline Still a long way to go for a confirmed reversal but there are signs of sellers getting exhausted and losing momentum. Also there is no...

sniperz

Bull Sign = We can a bullish divergence forming on daily chart. Next resistance could be 6700 from here Bear Sign = But that also means it has to break out of the descending channel which it has been following since 1st week of may.

sniperz

Next Support at 5400 followed by 5000 If you compare 2018 downtrend with 2014 You will see some similarities. How the volatility decreases with every dip followed by the flattening of MACD and then bull market. I expect we are approaching bottom and then we will see lot of sideways action for the next few months but who hold through the night will be able to...

sniperz

Bullish Divergence in 4Hr Timeframe RSI Oversold and price bounced. Price is currently hitting top of the channel 1st Resistance = 6500 2nd Resistance = 6750 Bullish reversal not confirmed yet

sniperz

BTC facing some resistance at Kijun Sen or 9100$, also the bottom of kumo cloud In the past, it has proven to be a strong resistance. For the last two days price is testing it. Indecision amongst traders for past 2 days - Pin bars formations Kumo cloud is thick suggestive of heavy resistance ahead RSI crossed 60 but now resting on it. Slight hidden bearish...

sniperz

BTC broke out of the fallng wedge. Still inside the downtrend channel. Will have to watch if it can break this downtrend line. Next resistance at 9100 Kijun has been rejecting BTC for the last 3 times. RSI = 60 will be a test too

sniperz

Decent bounce from trendline , possibility of double bottom formation Falling wedge pattern Next resistance at 9100 followed by 11000 Overall trend is still bearish, but its weakening. Momentum is decreasing Volume has been in March as compared to Jan n Feb

sniperz

BTC broke the trendline. Still above the mini trendline RSI is going to oversold Downward momentum is getting weaker Next support at 5800 in FIB

sniperz

Currently formation of divergence on 4hr chart Next Support at 7200~ Still following downtrend line. Confirmation of bull run on breaking that trend line.

sniperz

ETHUSD at Key support EMA 200 0.618 Fib support RSI Almost oversold Next support at $466

sniperz

As you can see, right now BTC is again in the support zone. Fib levels 0.5 - 0.68 has been major support levels. Selling pressure usually drops in this zone. If this support breaks we might see a drop upto 9k

sniperz

BTC bulls are looking weak today Price forming lower high wheras stoch showing higher high = Formation of bearish divergence Doji candlestick formation yesterday. Expect a pullback to previous support levels. Strong support at 0.5 to 0.618 fib level

sniperz

BTC facing strong resistance between 11k - 12.5k Strong support at 0.618 fib level Short term downtrend, Long term still bullish Upward breakout from channel suggestive of buy

sniperz

BTC following Pitchfork channel support and resistance since Mid 2017 Breaking 1st support on pitchfork. Next support= 10-11k Stoch n RSI = bearish Price Action = 3 Black Crows formation