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4.9.2019 - MaticHi Traders! Today we look at MATIC/USD. Matic is a new cryptocurrency that passed through the Binance Launchpad . The coins that have gone through the Binance Launchpad have quite similar charts and the big point is that they usually start to grow among the altcoins first. Matic is also marked by a decline, and although we have seen slight growth in the last few hours that could be plotted into 5 waves, the decline may not yet be at the end, as we are below the trend resistance. In the analysis of the higher time zone, however, we came to the key support and the final zone, so the point of entry was ideal. We are currently expecting ABC correction and then breaking the trend resistance . Looking at the graph in more detail, the breakthrough might well be based on the 3rd subwave in 3rd wave . Elliot's wave theory tells us that the third wave is often the longest one, never the shortest, and usually breaks the RSI into the extreme zone and has a high volume . To put it simply, if you see a pump or break on the chart, then it is 95% 3rd wave. Logically, therefore, 3rd subwave in 3rd wave is the longest and most impulsive. So Matic looks like preparing land for a break . Coin rarely breaks such a strong resistance for the first time, and therefore it usually happens that coin arrives at the resistance and bounces downward to recharge and then break. This is our bullish scenario. May the crypto be with you!
MLong
by DolleroTechnology
BTC BIG MOVE SOON INC.Will it break to the upside or the downside? My opinion is that BTC is going to break to the downside. Because I reckon that healthy markets should retrace when it moves into a bubble or blow up top. When you look at the extrapolated move, it would make so much more sense. If BTC does heads towards the fib. golden retrace. $7500 region. Hopefully once it's reached, it will rocket up back to towards the moon. But the worst case bearish scenario is, that BTC heads towards $4700 region creating a higher low, before it goes towards the moon and perhaps even beyond. Good luck and be cautious!
BITSTAMP:BTCUSDShort
by bonic
Rare crossing : huge move?I've never seen such a pattern in the S4W Horizon indicator. It's really a very tight crossing that is happening. I think it's an ignition point to something big to occur. So based on my analysis, I won't be surprised to see an important bullish move. But I think also there is a correction, unfortunately to occur at 3850 USD. Right now the S4W Horizon indicator is still bullish, let's see if that micro-crossing is talking for a big up move or for something else. Right now, as I said, I don't have a clue, since it's new. but I think it's an important moment that occurs since that crossing is showing up. I can't tell more. Let's watch. Don't take my words for granted, analyze, analyze, then trade at your own risks PS: if you like my analysis, join to get more analysis. I like to be Liked too (like/2/B/Liked/2)
BITFINEX:BTCUSD
by Atemak
4
BTC daily chart and possible move shortToday there was a big sell off which seems to be heading to a breaking point of 3400 either up or down, the next support level is around 3215 which would indicate a new channel in which it will move and would probably happen then is a slow recovery towards the 3400 resistance. It the 3400 level is successfully defended it might go up testing what believe is the 3700 resistance at the moment any move further that will create a new level and possibly a very good recovery. We will see what happens next.
BITFINEX:BTCUSDShort
by raserrano