wesker_crypto

wesker_crypto

BTC/USD strictly follows the downtrend line after the local high at 17.179 USD which acts as major resistance. The downtrend line has already rejected the bulls 3 times. We can see the 4th attempt right now and need to watch out for a possible breakout. The major support is the previous low at 9.210 USD. The price action is clearly above 20-day SMA which...

wesker_crypto

BTC/USD has broken down the 0.618 (11.044 USD) Fibonacci Key Retracement level and we can expect further decrease. The next interesting levels will be Fib 0.786 (8.630 USD) and the full retracement level Fib 1.000 (5.555 USD). Both key levels coincide with mayor support lines that prove sufficient during two previous dips, respectively. At this point, cyclic...

wesker_crypto Updated 

I would like to present a short term trading opportunity based on a possible cyclic smoothed RSI breakout. BTC/USD currently trades within a symmetrical triangle and shows strong support within the 13.000 - 14000 USD region. A possible cyclic RSI breakout provides a further opportunity for a long position. PLEASE NOTE: As we can expect a strong movement upon...

wesker_crypto

ETH/USD has significantly dropped below MA(50) approaching a support line that has already proven sufficient for two previous dips. A bounce from the support line coincides with the Fibonacci 0.618 level that is broadly accepted as a key retracement level. The previous dips provided a strong buy signal before continuing the bull trend: The oversold cyclic smoothed...

wesker_crypto Updated 

ETH/USD currently moves within an ascending channel and has diverged with the Moving Average. MACD and cRSI remain neutral and the total volume remains low which indicates that there is an overall low participation. We can expect the price action to continue its sideways drift. In case of a bearish breakout of the current price channel, we might have another...

wesker_crypto Updated 

The NOV/17 bull run has bounced from the Fib 0.618 key retracement level and now follows a sidway trend within a triangle pattern. The current Support Line proves significant strenght as it already rejected the sellers for a total of four times, which prevented any further drop. We can expect the price level to bounce from this strong Support Line and to stay...

wesker_crypto Updated 

The NOV/17 bull run has bounced from the Fib 0.618 key retracement level and now follow a sidway trend within a triangle pattern . The current Support Line proves significant strenght as it already rejected the sellers for a total of four times, which prevented any further drop. We can expect the price level to bounce from this strong Support Line and to stay...