Pretty simple and straightforward Gann Fan analysis. There is very visible resistance in the market. Wait until signs of trend reversal from the right shoulder, then short.
I am suspicious that we could now be forming the right shoulder. Short term target $17000. I will then sell and wait, watching closely. The bloodbath would be devastating. Then followed by a massive rally like we have not seen yet. From $6000 to $50,000 in one year!!!
I just found that there is going to be a head and shoulder pattern and buyer can wait for small profit from this pattern. It has a support on 12980 and the resistance on the 16510 where you can do a short for the bitcoin.
This is a very solid trade signal we just had. I will now ad to my Ripple position because this will definitely go to a new high within the next few hours.
Hey Guys, I was just looking at the 6 month and 1 year chart of Bitcoin to USD. I spotted something quite interesting over here. Untill early oktober maybe late september, nobody I knew had heard of cryptocurrency. I looked at the chart and saw a patern so I started thinking. I noticed that we can identify a steady patern of 100*n% gain and a 30% correction...
We have a nice flag on XRPUSD . If it breaks out of the flag I expect it too break the top and continue to new all time highs.
Hello traders! Right now BTCUSD is on the TOP of the daily move (7th wave in Elliott wave theory). We are expecting a bigger correction at this level before we go UP for the next wave. It is possible to come and retest the 61%-78% fib pullback, or to retest the 0.618 gann trendline level. Be patient and wait to see how price action develops. Follow me for future...
Something to keep our eye on. End game is 113 by January 12th, if this holds true, then I will do a short profit target analysis
If we break the flag then ETHUSD will hit the 900 mark.
The price has broken out of the 1 hour big flag. I suspect XRPUSD to move even higher very soon. I will not be surprised to the price going up to 1.5 within the coming weeks.
We had a correction, now we will move up to break the top.
If it does break the trendline then it will most likely go to the next trendline.
Hello traders! Right now XMRUSD is on the TOP of the daily channel. We had the first strong UP IMPULS on this pair and we are WAITING for a bigger corrective move for TREND CONTINUATION. We are expecting another wave UP after the correction at this level is over. Be patient and wait to see how price action develops. Don't jump into the first green candle. Follow...
Hello traders! Right now BCHUSD is on the TOP of the daily channel. The actual developing structure we have is a bullish flag structure, which is a trend continuation pattern. We had the first strong UP impuls on this pair based on the BCH strength. We are expecting another wave UP after the correction at this level is over. Be patient and wait to see how price...
Now BITSTAMP:BCHUSD will see a correction down to around 2950 and 2750.
It will fall between 18000-17000 range over the next days.
Completing it HEAD and SHOULDER formation"? Or at least one of the shoulder points. HIgher Highs expected soon - lets see what the market does. Extended 3rd wave? Doubt it, but we can expect some consolidation before it erupts into new territory after some time in the low $2.00