Target Hit Dead-On ...Next? | $BTC $USD #bitcoin #litecoin #Gold
Friends,
As I posted an update on this Bitstamp's BTCUSD, a floor was identified by my predictive analysis and forecasting system at 474.10 earlier today. See in this prior analysis how that target got hit dead-on: tradingview.com/v/Hokhgk71/
At this point, we should expect a relief rally in price. Overhead resistance exists at two levels, one at a structural 541.00, a second at the under belly of a momental price channel, and lastly at a potential EAGLE range, defined between 565.53 and 578.18.
Although the arrow is there to highlight the high-probable areas of resistance, it may or may not define the path which price action might take.
OVERALL:
Bears should be concerned if price action buoyed this crypto above the 578.18 value (i.e.: if a "BACA", or Break-Above-Close-Above, occurred).
However, independent of this price action, I expect that a bullish market reversal would also occur IF price were to reach past the 541.00 structure, in which case I expect to be at the chart or close by, or likely be prompted by an active and anxious trader - In such a case, i would chime in as usual.
I have switched TradingView's "Market Direction Prediction" sign from SHORT to NEUTRAL, as this trader believes that a relief rally and consolidation is likely to put bears into question for the time being. A separate and price-independent predictive analysis and forecasting system remains BEARISH, though.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
If interested to receive my TradingView forecast instantly through Twitter:
Simply follow me: @4xForecaster.
Here is a recent forecast: tradingview.com/v/52ONNlC8/
-------------------------------------
Disclaimer:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of fundamental analysis, classic technical analysis, basic and advanced pattern trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
As I posted an update on this Bitstamp's BTCUSD, a floor was identified by my predictive analysis and forecasting system at 474.10 earlier today. See in this prior analysis how that target got hit dead-on: tradingview.com/v/Hokhgk71/
At this point, we should expect a relief rally in price. Overhead resistance exists at two levels, one at a structural 541.00, a second at the under belly of a momental price channel, and lastly at a potential EAGLE range, defined between 565.53 and 578.18.
Although the arrow is there to highlight the high-probable areas of resistance, it may or may not define the path which price action might take.
OVERALL:
Bears should be concerned if price action buoyed this crypto above the 578.18 value (i.e.: if a "BACA", or Break-Above-Close-Above, occurred).
However, independent of this price action, I expect that a bullish market reversal would also occur IF price were to reach past the 541.00 structure, in which case I expect to be at the chart or close by, or likely be prompted by an active and anxious trader - In such a case, i would chime in as usual.
I have switched TradingView's "Market Direction Prediction" sign from SHORT to NEUTRAL, as this trader believes that a relief rally and consolidation is likely to put bears into question for the time being. A separate and price-independent predictive analysis and forecasting system remains BEARISH, though.
Cheers,
David Alcindor
Predictive Analysis and Forecasting
If interested to receive my TradingView forecast instantly through Twitter:
Simply follow me: @4xForecaster.
Here is a recent forecast: tradingview.com/v/52ONNlC8/
-------------------------------------
Disclaimer:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of fundamental analysis, classic technical analysis, basic and advanced pattern trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.