Observations: On the 4 hourly: Still in the bullish trend although it is showing signs of fatigue with its sideways movement within the triangle pennant. If we drop out of this pennant support towards the confirmation region, then this will complete the DoubleTop and drop significantly towards the weakly supported area 7100 range. It is then likely to fall into...
Looking at the BTC dominance chart, one can see why the rise of the ALTS. It looks like we have to pay alot of attention to this. I'm expecting an 0.618 or 0.786 retracement
My Hypothesis, just sharing ideas. Using Fib. Circles to determine major lines for support and resistance. On the Full chart, it helped determine the Major channel from April to May. This channel is also is in the middle of the uptrend (from the bottom) as a channel of the fib.pitchfork which helps visualise the boundaries for the extremes or better said, trend...
As per my last comments in the last section of my previous post, I have accepted that the new target is much higher, 8000 or less. Observations: 7500 was where many had sell orders and these people obviously thought cash in some or all of their holdings; The pullback to the 0.318 re-tracement seems to be where some of these people jumped back in and maybe...
Just making this brief: Observations: Dropping towards 1 hrly 50 EMA; Support. Trend in line with #BTC pullback; Trend still bullish and this is considered consolidation; 4 Hrly Chart: (daily is similar) RSI, 69 indicating on the upside strength and at the level with previous movements towards the upside; ADX and DI indicating strength (green line) is towards...
Your guess is good as mine. At present, ADA is at the 0.618 retracement. With the potential of BTC to retrace a bit further, the entry for ADA might be at the fib 0.786. Observations: On the Daily, 100 EMA is acting as support. The AMX indicator hinting more of the same direction. RSI indicating it can go further down with its current trajectory and...
I'll make this short. Observation: Trend is taking the form of parabolic (and hence the pullback will be hard and fast); Shorts are high and getting higher; Also the upward wedge form taking place ? Not to forget to mention divergence appearing, etc. Some news: Whale watch also stated that large amounts of BTC being moved from a whale wallet as the...
Observations: Daily Chart indicators: 50 EMA acting as support; 0.5 fib retracement looks like the key support level; the downward wedge channel has the break at this point. Black slope line acting as another support line since March. RSI around the 50% mark with double sch. oscillator indicating a return to upward momentum, confirmed by the bounce; We have...
As I"m typing away for this post, I can see that the price is increasing within the defined downward wedge channel (in blue); CHART 1 and 3; In a bullish market, one observes the 0.236 fib retracement usually as the 1st bounce phase to attempt to break the resistance. Followed by 0318, 0.5 or 0.618 fib retracement. We are currently observing the bounce off 0.318...
Hi, I confess not to be an experienced TA (technical analysis) as stated under my profile, but a keen student with limited experience and success\failure. So I thought, why not treat my journey of trading and learning, a documented project and after a year or so, my progress is documented with both my success and failures and most importantly my learning...
All commentary on the previous link to how we got to this scenario and conclusion. It looks like the price at 5600 for the BAT pattern is completed and not rejected. Hence plan B is the 3 Drive ABCD pattern as the fib. measurements also agree. I have now opted for this pattern and did not sell because of the bullish atmosphere still in play. I have 5800 as the...
The chart is split into Daily (left side) and 4 hrly (right side) Observations: a) Strength in the signals A number of strength signals indicate that on the daily, we are not maintaining strength in the upward direction, the signal is getting weaker which is also reflected in the sideways movement i) The daily RSI is indicating in the up momentum but weaker...
BCHABC Trend Hypothesis > Green sphere represents buy zone, trend reversal > If the trend continues down this path, BCHABC seems to indicate over sold conditions (RSI level matching previous drop level) > Approaching strong support lines and backed by the 4hrly 200 EMA and Fib.level. 0.5 > Pattern flat towards the bottom > Seems to line up with BTC imminent...
Based on a number of observations, as well as reviewing other peoples materials, assessments, market sentiments, 1 has to admit, no-one really knows and no-one can say, as to what will happen in the next month as its all new and not regulated (susceptible to many elements to sway its trend\prices). My thoughts are the following and I admit I can be influenced by...
Observation: OES chart shows all elements within acceptable Fib. metrics. 200 Daily MA also approaching 'buy zone' As you can see, its also withing the bounds of the wedge channel. Point 4 also in line with fib wave measurements Point 5 is the selling point\target based on previous support in September Please, take a second and support my idea by hitting the...
Observations are similar to BTC. 1) High RSI, due for a restracement 2) Gantley formation in play with 2 hrly (needing C to be confirmed as bearish formation) 3) Next resistance is as per November 2018 resistance, our target 4) Fib. observations all line up 5) Elliont wave in play, seeing wave 4 path Please like and any comments welcomed.