As per my previous #Bitcoin analysis posts, I believe #ElliottWaveTheory is the most prominent to conduct #BTC technical analysis, aiming to give me some picture of what is going on. Remember, the idea here is to try an map some scenarios as to the future path, and with key levels applied to #EWT typically the trends are identifiable.
Keep in mind the investors...
ETH appears to be trending 12345, ABC, 12345 micro waves, within a macro wave.
Short term support levels are shown in purple horizontals.
Upper support would be circa $880, failure to break and sustain price above this, may see ETH trend within the ST bear range.
Previously ETH has been trading in the bullish green zone, however failure to sustain 880, saw...
Similar to BTC, it would appear ETH is abiding by #ElliottWave Theory post recent correction.
RSI using the standard TV 14 close is still sub 50 with plenty of upside potential. ETH could have a bigger move than the king, only time will tell.
Following the correction, similar to BTC I think we have seen wave 1, then the wave 2 pullback and we look to be in...
Following on:
BTC appears to be playing into the theory nicely, slightly more aggressive bull signs than anticipated, however this is always welcome on such a trade.
Yesterday saw BTC strangled with resistance as the value fell right between the 100MA and 200MA which fell almost perfectly inline with the 50MA at at the same time, causing some strong resistance...
Keeping it brief as the majority of data and information is contained in the graph. I have left old indictors and trend lines on for reference.
It looks as though BTC has commenced wave 3 following the lesser-than-expected pullback to around the $9,400 region.
Wave 3 will only be confirmed once we break the last high shown by the red horizontal. RSI appears to...
Keeping it brief as the majority of data and information is contained in the graph. I have left old indictors and trend lines on for reference.
It looks as though BTC has commenced wave 3 following the lesser-than-expected pullback to around the $9,400 region.
Wave 3 will only be confirmed once we break the last high shown by the red horizontal. RSI further...
Keeping this brief:
After hitting the ATL at circa $5.8K, the market was heavily oversold causing eventual bullish move to $12k.
After todays recent pullback it would now suggest this was wave one. We may now see a micro-sustained pullback before entering wave 2 which is always the most powerful.....
