Hello cryptomaniacs, BTC is still in the mother of all bear markets and descending triangle as we speak , so the technicals are still in play as the last analysis. Volumes are low, sentiment is down and the tourists have left. BTC is lonely and needs some love and affection. There needs to be more new money, more excitement and more fomo if it is ever going to...
All the Top 20 Alts chart looks the same. Reasons for Long :- I am expecting a big news from Justin Sun. After the torrent giant acquisition TRX has not shown any substantial movement. Daily Chart is showing that we are going to test the red channel zone. It happened with XRP, then BCH....maybe the next will TRX On the other side we can move to green...
NEOBTC broke the big flag, and going to retest the ex-support or resistance zone, then go down by lvls Fibonacci.
Assuming bear trend continues on BTC, we have more ICO exit scams to fuel the downward train to nowheresville. Shorting: €222 TP: €93
I have sold all XEMs taken @ 10 cents (very limited loss from my side in this case only few percent). Situation of wide cryptomarket is strange form me. All is cheap, but it looks like could be cheaper. So i choose one more time to stay aside, and even if i buy some crypto, that will be probably very shortterm entry to catch some shortlasting bump. 6000$ BTCUSD is...
Currently, the market looks like it starts to make a little pullback! BTC has pointed down and shows some pullback signs and so as Ethereum! We have some signs from the daily timeframe and from the 12h timeframe. In the daily timeframe we could see a bearish candlestick pattern called "Tweezer top" and in the 12h is also a bearish pattern called "Evening Star"....
QTUMBTC sees the divergence between the real price moving and most of stochastic indicators. Have good support zone(all time minimum). Waiting for bounce up!
#Bitcoin storngly holding 0.706 level and has held it 4 times. This is the 4th time it is attempting to break the support. Let`s hope for the best! After the break out of 8600 a new bull run is Highly Likely. Good days will come soon!
BNBBTC Elliott Waves 12345 have done, Elliott Correction Waves ABC - in the process. BNB broke the strong support line and returned to testing it(touched the ex-support line), bounced from the line down with broke-thought the flag and completed Wave B by this. Now it's forming the bearish pennant.
BTCUSD is forming the bearish pennant, by Fibonacci-lvls main target 127,20 %. Can reach the active zone than - downward, or go down at once in the small flag (show below).
Last night was crazy. bitcoin dropped down to 6860, and now it is bouncing back. I have shorted the market last days(8.2->7.8, 7.7->7.3),took nice profits. I tried long at 7100/7200 position, because that spot was the final price for a nice bounce, considering all the EW patterns...but low liquidity didn't allow that(my prices were filled at 7130, stopped at...
Bitcoin is currently testing a support zone formed by the $7.441 support, MA100 and 0.382 fibonacci level. This area needs to be maintained in order for the trend to continue. In my previous report I wrote about the chart pennant pattern and explained precisely which conditions are required for a bullish continuation to happen. It never reached the breakout...
The price has dropped since the yesterday and it’s testing support area of $7.855 - $8.000. This is the first potential zone for a reversal and should expect it to test it few times on lower timeframes before establishing a solid support here. When the first zone doesn’t hold and starts moving downwards then it’s time to take a look at the next potential zone...
PIVX was in a downtrend for some time now. Since May PIVX didnt show any upward trend and it seems it is time for a cycle towards the up direction. On the 1D chart we are confirming that a very small correction is happening for now and it seems it is going to feel up its load by the following 2 or 3 days. Daily candle should close above the upper resistance line...
Bitcoin is forming Pennant Chart Pattern on the daily timeframe. It is known bullish continuation pattern and activates after the breakout. What is common thing to see in this pattern? Volume diminishes when the price moves closer to the peak. The breakout is confirmed once it takes down MA200 and $8.400 resistance level. Volume is crucial part of the breakout and...
Litecoin has been moving against MA50 without being able to break through of it and that’s why MA50 should be considered as resistance. The price is located close to the intersection of important levels such as linear resistance levels (MA50, downtrend line) and support zone ($81.7 - $79.5) which is located near to 0.618 fib level. If you didn’t know that most...
Ahoy traders! Today I'm providing trading information on Ethereum as it is looking very interesting. A symmetrical triangle appears on the chart which is known from explosive breakouts, continuation and that it can break either way. Even this pattern is known from a trend continuation but it is also known from false breakouts which increases risks when trading...
Ahoy traders! Another day started bullish as Bitcoin broke through of the previous swing level ($7.749) and briefly visited above of $8.000 level. The price hovers close to the psychological resistance of $8.000 and to continue it's journey further upwards it's necessary that the daily candlestick closes above of this level. When the price starts another rally...