My Thoughts: Based on well know basic principles: > Know you previous support and resistance lines > Have your 20, 50, 100, 200 EMAs or MAs ready for the different time periods > Have you Fib Levels mapped and equate them to Resistance and Support lines, etc > 11 K range is 0.5 Fib Level and a historical strong resistance range Assumptions: > BULL Trend is...
Going back to NOV. 2017 at the 11 K point I thought it might be worth looking into the past to see what took place at this critical point at 11.5 K, as its a key fib. level. As like many, I did and somewhat still do expect a correction greater than 20% along the way, and more so at this juncture. But I'm not confident. >Will history repeat itself even though...
No words required to describe what's next. As to the target and after, is like anyone's guess. I have 9850 to 10,100 as a critical area to determine if a sell off is eminent. I do believe 11500 is where the 0.5 fib retracement is and it will be a strong obstacle, so much so, I think we will get the 20% or > pullback. Cheers, SS. 1 HRLY Chart DAILY Chart
Big break out coming? Going with the pattern and buildup, it might even pass 9700. V and Cup and\or Round bottom pattern as well. All bullish. smaller C&H
It seems we need to keep a close eye on this, as I wasn't paying attention to it. When I looked at some ALTs, some of them did OK. It really depends on how this stage, how BTC drops and recovers, as it can create room for the ALTs to jump in Updated details from the original forecast > Before
Picture tells the story. Battle at the 0.236 fib level.
Previous post As you know, LTC has been one of the outstanding performers of 2019. And as such, we must keep an eye out on it, due to the halving many believe has created the bullish trend + other factors as well, eg. BTC trend. On the charts, LTC is looking good again, against USD\T and against BTC. As per the chart, its hit a good level on the pullback. One...
Keeping it short > As per chart, I see 8900 or about's is where we should come in. Why, its probably the line where most inexperienced will sell? Note: 15 minute chart comes in handy. Also note RSI is almost near the bottom. I'm also well away that a H&S can potentially take form when it reaches the pink area.
Indicators seem to suggest we will be retracing\consolidating pattern of some sort and reTEST the main support. MACD and RSI (divergence) as well give this opinion. After that, we resume the bull trend to the next resistance, psychologically the 10K. As things developed, I updated the previous post, (version) link
Just updating the chart from the previous DRAFT (link > ) Overall Conclusion: I'll keep this short as its late where I am. We are not done yet and more highs to come. Below are snapshots from different perspectives that will replace my commentary for now. Cheers SS HRLY Chart Current (possible) formation, bullish. CUP still in play 4 HRLY Chart DAILY...
As per chart, BTC target seems to reaching for the previous high or close to it. As per previous BTC dominance posts, its not time to buy ALTs.
I have drafted this idea as all the details are sketched out of a number of snap shots as well. When I have time, will complete the remaining details and commentary. Note, cup and handle formation OR Enjoy. SS
On 4 Hrly > 8100 strong resistance, now 8000. Observing Higher Lows. 8 and 21 EMA cross over with EMA's now acting resistances, decline in volume and on specific bearish candles volumes are higher than bull candles volumes. RSI finds resistance around the 53%. Fib 0.382 was the bounce area and looks like to return. On Daily Chart > RSI heading downwards and on...
Observations: Just going to make quick bullet points, keeping it short. a) We did a head and shoulder play and dropped to the current support as per H&S neckline length (pink arrows) b) Opinion: We are below the psychological 8000ish range, keeping people at bay to enter. Hence were the 4 hrly and daily candle finished indicates bearish trend\correction...
1st BNB analysis As per the 4 HRLY and Daily Chart, the following observations. Conclusion: Go long on BNB, based on BTC pairing results Buy at the dips within the BTC pairing chart. DAILY Chart: The rise of BNB has been impressive. It seems to be in a large ascending triangle (channel) and within this, in the upper part. BNB\BTC Pairing Chart: > Given...
This will be my first XRP Analysis as it looking good soon. Observations: 1) Very Symmetrical, aligned with Fib. Levels. 2) On the Daily chart: > decline in volume, squeeze is happening > RSI declining % level and seems within a resistance line as indicated on the chart > Bounced off major fib. levels within a downward wedge channel, approach major support > Is...
I thought it would be interesting to compare what performed better in general during the BULL market of 2017 and the BEAR market of 2018. To see if it can give us any lessons to be learned on what to favour if your going long. Observation: During the BULL Market, the ALTs lost significantly in terms of value against BTC. During the BEAR Market, the ALTs gains...
Observations: 1) As per the chart, one can see previous support line on BTC dominance. 2) One can also just look at the ALT performances against BTC pairing and they have done well. 3) If we anticipate or theorise that BTC is about to make a break out, to the upside or downside, this will explain why BTC dominance is about to go up. 4) We have a converging...