BitcoinSymphony

BitcoinSymphony Updated 

Ethereum did not lose much value on the last cryptomarkets drop, which gives a hope that the pair will soon start to grow. ETHUSD stays above the 800.0 level and Support Zone, and even forming some kind of the upward tendency. Soon we will see how the pair will test the Reversal Confirmation levels (900.0, Angle Resistance and 1000.0 level).

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Falling volumes and lowering momentum of the upward movement shows that there is not enough demand on Ethereum even close to the 900.0 level. To confirm the beginning of the upward trend, we will need to see rising volumes and break above the 1000.0 resistance. For now, the more likely scenario is lateral movement in the 800.0 - 1000.0 zone.

BitcoinSymphony Updated 

The Reverse Head And Shoulders scenario is still developing. The price went below the 10000.0 level, as we expected, and now is heading to the 9000.0 level which could be an attractive price to buy (if we consider further growth, of course). Nonetheless to Buy without any confirmation of the reversal movement would be very unreasonable. The closest signs of the...

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XMRBTC pair is trading in the bullish pattern for a long time. Monero was not much wounded by the Bitcoin fall at the beginning of 2018. The tendency of buying Monero on the Angle Support boundary stays popular. As soon as pair lowers tot he Angle Support line, the volumes are rising, and the pair goes up. From the upside, we have 0.03 resistance level and...

BitcoinSymphony Updated 

Bias on the STRBTC chart stays strongly bullish. The STRBTC price is higher than support zone, the price never went lower than 50% Fibonacci level of the global uptrend and remains above the Angle support line. Nonetheless, the upper resistance levels of 0.000048 (23% Fibo and last high), 0.00005 resistance and Angle resistance (forms the upper boundary of the...

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Two weeks ago STRBTC (XLMBTC) pair broke below the Angle Support and violated formation of the Triangle Pattern (Correctional pattern), showing by this that correction will go lower. Now the pair is trading in a lateral pattern slightly above the January lows of (0.0000313). The bias stays bullish, but I do not see high volumes on such low levels. Hence, I expect...

BitcoinSymphony Updated 

Rollback from the recent bullish trend on the ETHBTC (0.025 - 0.123) getting close to the support zone, it could be a reasonable place to buy. Support zone 0.06 - 0.08 lies between 50% and 61.8% Fibonacci levels of global uptrend which almost coinciding with Fibonacci levels of the recent (0.025 - 0.123) rally and contains 200-days EMA.

BitcoinSymphony Updated 

Against the background of increased interest to the Bitcoin recent growth, the XRPBTC pair has lowered below the 0.0001 key support level, which was a psychologically important level and technically supported the bullish bias. For now, the price returned to the Support zone of the global uptrend and will test the lows again. From the upside 0.0001 level will stay...

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Ripple spent a week in a lateral pattern in the indecisive state. From a wider point of view - Ripple is trading near the 61.8% Fibonacci correction level of the global uptrend, this makes the situation complex, as this level is a breaking point for the global growth pattern. If the XRPBTC will go lower and cross 200-days EMA and 0.00008 support, then the bias...

BitcoinSymphony Updated 

A bias of the ETHUSD pair looks bullish. Bitcoin that returned above the 10000.0 level also supports the positive mood. Nonetheless, we need to see the crossings of three levels to confirm the end of the correction and beginning of the new upward wave: 900.0 level Angle support which coincides with the 975.0 level in near term 1000.0 level Only after...

BitcoinSymphony Updated 

Despite the fact that the BTCUSD holds above the 10000.0 support line there are not enough factors to predict further growth. The volumes are not growing despite the fluctuations on the 10000.0 level, so dive below this level deeper into support zone is still possible. From the global picture - Reverse Head And Shoulders figure is still forming, and confirmation...

BitcoinSymphony Updated 

Overall bias on XMRUSD looks bullish: price holds above 200-days EMA, above 50% Fibonacci... Nonetheless, there is one more test happening right now for the Reverse Head And Shoulders scenario. The price got back below the 300.0 level and had stopped just above the Neckline zone of the RH&S (Reverse Head And Shoulders) formation. If Monero crosses this zone...

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The pair still holds on the Neckline of the Reverse Head And Shoulders pattern, drawn on the recent lows. By the last downtrend, an Angle Resistance emerges and now is the time either to cross it, and prove that the 250.0 - 260.0 is strong resistance, or to develop the fall further, which will affect the global scenario. The probable scenario would be lateral...

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Despite the breakthrough of Global Angle Resistance, which supposed to mean the end of the downward tendency and a starting point of the bullish movement, STRUSD drew the Head And Shoulders figure in the resistance zone (probably caused by the fixation of profits by Traders who invested on the 0.26 levels) and went down. Judging by the fact that the pair stopped...

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The turnaround of ETHUSD pair not reaching an Angle Resistance and 1000.0 level suggest that the pair is in the downtrend pattern now and will need some strong signs to change this picture. Below the 800.0 level, there is a Support Zone which contains Fibonacci levels of the global uptrend and 200-days EMA. If the market is about to get into bullish state, then...

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If you believe that rising scenario on the BTCUSD will remain and turnaround pattern, which we saw on the 6000.0 level will start a new upward wave, then the 8000.0 - 10000.0 fits into this scenario as a Buy zone, in which the price will turn around and resume its upward momentum. It is important for bulls to see a rebound in this zone as this will prove the...

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Uptrend on the BTC stumbled on the Angle resistance not reaching the 12000.0 level. Such behavior talks in favor of the reverse Head And Shoulders figure scenario: the price will take another dive from the 12000.0 high to the support levels 10000.0 and 9000.0 or even lower to the 200-days EMA to gain volumes and then test 12000.0 resistance again. Nonetheless,...

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LTCBTC pair had a significant growth recently, breaking above the 2017.05 High (0.022). During the latest Bitcoin rally, the pair went into correction but stopped above the 23.6% Fibo which coincides with psychological support 0.02. Despite the rollback below the 0.022 level, the bias looks bullish. Also in bulls favor, the rebound from the 0.02 support and recent...