Bitcoin: has the pullback finished?Today's focus: BTCUSD
Pattern – failed high?
Support – 63,140
Resistance – 68,290
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the BTCUSD daily.
After yesterday's fightback rally, we have run over a few ideas around BTCUSD. Will we see the current selloff continue despite a firm move from buyers yesterday? Will we see buyers shake off a push by sellers and follow up on yesterday's buying with further gains?
Good trading.
Failed_swing
Failed Wave For Possible Short?Hello Traders! We see a failed wave as the market failed to push higher and was forced below the previous high which is a break of prior minor resistance. Could we see the bears continue this push to the 38.2% of this impulse bulling move? Or maybe even push lower? The market is a bit bearish right now and this is a possible short opportunity. Monitor price action for confirmation. This is an idea not a signal, shared for educational purposes. Trade smart don’t gamble.
-Rum
POSSIBLE BUY OPPORTUNITY Hello traders! I have published this idea before but the target has been updated to a more realistic price. We could see a break below this trendline at the bottom. However, if price fails to break below and push above our zone, we could see a bullish reaction for a great buy opportunity. Price should be monitored for optimal trade opportunities.This is not a signal but an idea shared for educational purposes. Trade smart don’t gamble.
- Rum
Ether Price CorrectionHi friends! Welcome to Ether Chart Analysis.
We've seen a very bullish ether for the past 3 weeks recovering 60% of its value from its 2018 low but we all know everything that goes up, will definitely go down. Personally I feel very bullish on ether for upcoming developments we all are anticipating but it needs to undergo price correction before resuming the current trend.
This had been confirmed by various signals, like a failure swing high we have seen from 1D and 4H charts. Very obvious is the pattern it has recently formed which is a rising wedge that we all know would break down at some point. Recently it has reached the apex of this wedge which resulted to the initial downward move. We are expecting the wedge support to break sooner and will likely push ether down.
A black line is also visible in the chart which is a trendline that will likely act as a support but my bias thinks it could bounce from here but will eventually fail as a support.
Downside targets are on fib levels with confluence to horizontal support lines. I will be expecting a bounce on one of these fib levels. I will be updating the chart as price action approaches at these levels. In my opinion, the most likely bounce area is the .786 fib level.
Share you thoughts with me in the comment section. Thanks
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
XRP Short off to a good startGot a fill as per my previous chart, looking for quite a down swing here as XRP fails to breakout on the larger timeframe
[BTC-USD] DROPPING FAST! BEARS TAKING OVER ! BULLS WEAK !Like I said in this video, almost 3 days and the bulls cannot break and did not break the $11,747.39 heavy resistance! They tried, and tried and tried, the wales even potentially got involved trying to pump it but FAILED! My alert trigger went off on March 5th, 2018 at exactly 6 pm central time down to $11,440.59, than while I was making this video in 5 minutes it went down to $11,350 even more which you will clearly see on my video here.
Refer to my last video, that is linked below..
Basically no matter how I look at these charts I seem to obersve and return to the same range of negative numbers.. Notice I say range! Bitcoin is FAILING! Going further down, now the question is how much farther down will it go and will it come down to my projected target prices and dates! Will it go all the way down is the millionaire dollar question ????
If you enjoyed this video , give me a like and subscribe!
Thanks
CrytpoBuzzAnalyst
Disclosure: This is not financial advice, you must perform your own research and produce your own TA. This is only for educational purposes!
GBPUSD Post-Failed Break SenarioAs we saw almost all Price Actions across, have failed to complete their cycle as it seems to be the case for GBP too.
It was expected to had breakout in last CAP but failed to complete the break.
So next as i see it should go little sideway and then Consolidate Resisted Volume. Once Cleared. Break
GBPUSD Reconstructed.So Well it is not a new one idea but just got a little adjustment to its coordinations due to last missing break.
Almost all Price Actions across, have failed to complete their cycle in one way or another and it seems to be the case for GBP too.
It was expected to had breakout in last CAP but failed to complete it.
So next as i see it should go little sideway and then Consolidate Resisted Volume . Once Cleared. Break to D