Support Levels Bitcoin Support levels for Bitcoin are:
- 7825 (top of the 2nd square) and
- 7500
A break below the 0.682 retracement would indicate weakness and could trigger further selling.
Crypocurrencies
GBPJPY reacted off resistance, further potential drop!GBPJPY reacted off our first resistance at 150.0 (horizontal swing high resistance, 100% Fibonacci extension). A strong reaction might occur pushing price down to our major support at 147.92 (horizontal swing low support, 61.8% Fibonacci extension). A breakout of our intermediate support level at 148.58 (horizontal overlap support, 50% Fibonacci retracement) might provide further bearish acceleration to our major support level.
Stochastic (89,5,3) is approaching its major resistance level at 95% and a corresponding drop in price might occur should it react off this level.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Ripple Has A High Probability Bounce ZonePrevious resistance becomes support= suggested textbook buy in .50's
XRP S**T or get off the pot.XRP on the 4hr Chart.
Price has been consolidating between 50 EMA and 200 EMA
MACD is hitting a support line that could lead to further upwards move and break out.
MFI show upward movement.
Downside is a break below 50 EMA
ZClassic - bullish 2nd part is comingPennant ways -
After a beautiful pennant breaking few days ago ZCL performed a huge run - which is'nt over yet.
i found similarities to the huge bullish run we had from 23.12 to 13.1, which had a mini pennant.
we might hit 0.015 sat one to two more times before a break.
A break will us to 0.026 or more.
Trade carefully, this was not a financial advice.
BTC/USD down trend channelPersonally, i don't see any signs of a reversal yet (unless we continue this bounce above 10k). Big accumulation zone is highlighted in the rectangle. The lower green trend line is a long term upward trend line that was established prior to the recent parabolic move. A correction to this level should signify a big buying, and should be enough to push us up and out of this down trend channel. Personally, I am opening positions when the price dips down to the lower support of the down trend channel and at the key support lines drawn. I think we have about 2 weeks before we see any full on bull confidence.
VERGE TURNING POINTSeems that Verge is going to breakdown, after a long downtrend had found a good support line. Buy time? Who is betting on this?
VEN/BTC Buy opportunityWith BTC having a correction that might be ending soon it is time to fill our bags with some goods.
Vechain is looking real good
it's forming a falling wedge and the rebranding on the 26th February could be the catalyst for a break to the upside
a break of resistance trend gives us a buy opportuntity
TP1= fib level
Good luck!
XRP-BTC Symmetrical triangle Bullish exit likelyRipple has been in the low $1 range, and is due for a breakout. The banks have heavy stake in this coin, so I don't see it going lower than $1. I'm calling for $1.50 Ripple mid Feb, so get your hatemail ready.
It looks to me like a low-risk, high potential play going into early February. Despite my dislike for this particular coin, it has a large market cap, decent marketing, and even if it only returns to last week's levels it's a nice play.
Will try to update this chart moving forward, any comments are always welcome and appreciated!
cryptocurrenciesBased on the analysis provided, BTC/USD is projected to hit support of $9,500, then later regain support. Volume of the market has almost weened out all the sellers, therefore, the buyers can come in and once again takeover. As growth occurs, there will be a ton of resistance; that being said, the buyers will have the power for penetrating the resistance line.
