BTCUSD - Strong Uptrend Today. Price Technical Analysis #77Market in last 24 hrs
- BTCUSD price saw a gradual upward movement. Market moved ~550 points, between $9.2k and $9.8k
- Price at time of publishing: $9,800
- BTC’s market cap: $177 Billion
Today’s Trend analysis
Price should trend upward today. Oscillators are neutral with a bias towards ‘buy’ side. MACD is at 88, confirming upward trend. Both RSI is at 64 and CCI at 120, both confirm that the upward momentum is strong. To add to this, price is touch upper Bollinger Band , implying a possible break-out.
Another interesting point to notice is the affect of Halving-Hype on trade volume and price volatility of BTC and other Crypto tokens.
- Strong uptrend today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards buy side. RSI at 64
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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Strongbuy
IS IT ALREADY THE TIME TO INVEST IN OIL?******************************************************************************************************************************************************************************
Decisions to buy, sell, hold or trade in securities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of “Day Trading” involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and the ability to bear financial risks.
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WHICH PRICE A NOVICE INVESTOR MUST BUY AIR CANADA-04-17-2020******************************************************************************************************************************************************************************
Decisions to buy, sell, hold or trade in securities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of “Day Trading” involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and the ability to bear financial risks.
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WHAT CHART PATTERN AIR CANADA IS PROBABLY BUILDING?
The forex rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when the price is bound between two rising trend lines. It is considered a bearish chart formation that can indicate both reversal and continuation patterns – depending on location and trend bias.
source:https://www.dailyfx.com/education/technical-analysis-chart-patterns/rising-wedge.html
WHEN SHOULD WE TAKE POSITION?
WE CAN TAKE POSITION AT ANY TIME IF YOU ARE A GOOD INVESTOR AND YOU CAN ANALYSE QUICKLY WHAT THE MARKET IS GOING, ACCORDING TO THE PREDILECTION WEDGE PATTERN HAS 5 POINTS SO WE CAN TAKE POSITION IN POINT B, C, D, E BUT THE RISK LEVEL IS NOT THE SAME
B IS STRONGLY HIGH
C IS HIGH
D IS MEDIUM
E IS LOW
THE RECOMMENDATION FOR INVESTORS AND NOVICE PEOPLE WILL BE TO WAIT FOR THE BEST TIME AND THE BEST TIME WITH A LOW RISK IS THE POINT " E BECAUSE THE MARKETS WILL REACH A GOOD SUPPORT LEVEL TO CHANGE BEARISH TREND TO A BULLISH ONE.
IN CONCLUSION, THE BEST PRICE IS AROUND $8-$6 .
SHIFTPIXY-STRONG BUY-EntryNASDAQ:PIXY
Analysis Method: Wave & Fibonacci
Thesis: Productivity/Blockchain
Learn more: www.shiftpixy.com
Fib Time:
Wave Count:
Fib Spiral:
Time-frame:
Target: $2.80
ZEC - Zcash - STRONG BUYZECUSD : STRONG BUY
Analysis Method: Fibonacci & Wave Theory
About Zcash: z.cash
Launched in 2016 by Zooko Wilcox-O’Hearn and based on the Zerocoin protocol, Zcash (ZEC) is a decentralized and open-source privacy-focused cryptocurrency that enables selective transparency of transactions. Zcash transactions can either be transparent or shielded through a zero-knowledge proof called zk-SNARKs. This allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publishing spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is being dishonest. coinmarketcap.com
Monthly: High/Low
Daily: Fib-Time/Minor Wave 1 & 2
6 Hour: Minor Wave 1 & 2
-Waves %: Extended 3rd
Minor Wave 1: 151%
45 Minute Chart: Micro-Wave
Immediate Target Area: $53-$57
Timeframe: 6 Days
Target Area: $85-$110
TimeFrame: 60 Days
Will update.
-FMW
ENB Long Broke my Chart upside Canadian-based Enbridge (NYSE:ENB) offers investors a 6% yield, while Plains All American Pipeline (NYSE:PAA) has a 7.5% yield. Enbridge,has a large and much more diversified business, which should be a major plus for conservative types. (Obviously, however, if you want a pure-play midstream company Enbridge won't be a good fit.) Add in a more consistent dividend history, and the slightly lower yield seems like a worthwhile concession. If you are looking at this , Enbridge is likely to be the better option today. compared to others.
Peri Highly Likely to beat earnings!My prediction is that the over-reaction on taking profits created the fall in price, bringing a new position to get settled in before earnings is released. I believe that we will be rising from the High 7$ & low 8$ by the end of this week. Still is another full week in the market before week of earnings which can create a little more consolidation, however due to the last bear candles showing we are on a pivot to an equal 9$. I am thinking Peri will be surprising us big ups on the earnings call especially because it is currently undervalued.
Do your own research before investing.
I am not a professional or expert, I am just providing an idea that I believe is going to happen.
Share your thoughts & opinions!
We are here to rise as a team<3
BTC - BOOM - Strong Buy BITFINEX:BTCUSD remains a STRONG BUY.
Major Breakout is IMMINENT for BITFINEX:BTCUSD !
Analysis Method: Wave Theory + Fibonacci
Previous analysis focused on the BITFINEX:BTCUSD Hourly chart where I was tracking a Primary Wave. The Primary Wave Sequence completed and the 5th wave broke .618 (5th Extension Trigger) as expected.
Daily Chart:
Primary Wave Cycle:
Wave 3 & Wave 5 Extended:
Correction Sequence: ZigZag
High Wave 1: 343%
Minor Wave Sequence (Previous Analysis):
Target Wave 3 Area: $23,806-$17,169
Fibonacci Time Markers: Estimate 47 Days to Hit High Wave 3 Target Area
Previous Idea Link:
Will Update.
FMW
-AB
BTC Strong Bullish TriangleFor more than half a year we have been monitoring the development of the Bitcoin correction in the form of a falling channel. Continuous downtrend movement has already filled most of Fibonacci's values. The last and most important level that can hold the price of BTC is 78.6% retracement, which most traders rely on. My point is that big players won't allow us to buy Bitcoin for such a great price and I consider the $ 6400 value as the bottom of this year's correction. If I look only at the Bitcoin chart, it almost does not suggest. Correlations of charts like Total Market Cap, Altcoin dominance, coins against USDT, High Caps charts like ETH, LTC, etc. suggest this. Each of these charts asks for upward movement, which can only cause an increase in the BTC price. The weekly chart shows that the price level of Bitcoin is held by the BK77 indicator, from which the price is always reflected upwards. Even over the past month, bullish candle formations have been created with increased purchasing volumes. If we fell out of the accumulation zone from $ 7800 to $ 6400, the BTC would point to $ 5500, where the important MA200 indicator is located, from which there was always a reflection upwards. The Internet will surely be full of predictions that will talk about a new day from 2018, and the $ 1800 value may be mentioned below. There is no need to be afraid and follow the "Buy the rumor, sell the news" rule.
Upon completion of the half-year correction, the BTC will attack $ 11,900, where there is an unfilled CME Futures GAP. Here will be a very important reaction, as BTC will demonstrate. If it breaks through without any problems and keeps above it, the crypto market will look much more bullish. In the event of a downward GAP discouragement, the effort to create a new local maximum will also be extended by a year and a half. The fundamentals that will apply to Halving BTC could also help up. From historical gifts we already know that Halving has always caused a rise in the price level of Bitcoin. As for the new All time High, I don't see it as pink as most traders. The logarithmic curves of the Bitcoin chart indicate the beginning of the recession, which certainly does not listen very nicely. I expect upward movement to the logarithmic curve, but at what price level?
GBPAUD – Buyers with strong momentumGBPAUD – Buyers with strong momentum
Trend: Strong Buy
Support/Resistance
R4: 0.95652
R3: 0.93997
R2: 0.92350
R1: 1.90811
S1: 0.89306
S2: 1.88122
Price action
Buyers helding trending position very strong. If the price break R1, then price will follow next resistances. The problem here might be gaps lower, but still it looks that sellers are nowhere. I the price can hold below S1 then next target is S2. From overall market, bulls are more confidant for buy then sellers for sell.
Potencial trade idea
Bulls targets:
T1: 0.92350
T2: 0.93997
T3: 0.95652
Bears targets:
T1: 1.88122
NOTE – We are trading GBPAUD via the preferred trading setups
ELITEFXACADEMY
Disclaimer: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
RADSRADS/BTC with weekly w, daily w and 4h w. W in RSI, OBV strong and a Risk-Reward-Ratio up to 39:1 - low coin count only 3.9 Mil