30k failed 29k failed All homies are expecting to catch the knife at 24-25k range but there is barely any support left below 29k. Fibonnaci points to 19k. S&P 500 will also nuke at some point this week as the first "recovery" bounce today was insignificant.
I've been "irresponsibly" ( as Roaul Pal says) bullish on Shiba as it has had a very bullish setup and triangle formation, but unfortunately it has broken the support which also is spot on with Fib line(as seen on the chart) and we are heading now down to the next support around 0.000024-23 if that one is broken as well, then the next one is as per the chart or...
XTZ had a good run but it seems that volume and overall interest is fading away. Investors who are interest in staking awards are moving to Ethereum. Not a financial advice but I'm long on ETH and short on Tezos. Also if you are trading futures on Binance, XTZ has a massive red hammer, which looks pretty similar to the one that has been seen on XRP chart a ~month...
Bulkowski's Adam & Eve Double Bottom is a bullish chart pattern with twin bottom at about the same price. "Two distinct valleys that look different. Adam bottoms appear first and are narrow, V-shaped, sometimes with one long price spike. Eve bottoms appear after Adam and are wide and more rounded looking. Spikes that appear tend to be more numerous and shorter on...
Another update to my previous idea, the chart can't be more bearish than it is now. Next wave of market crash is incoming - including stocks, gold, oil and all other assets. A once in a lifetime short opportunity. Once BTC will bottom out we will see the most bullish rally in the history, but for now we are going to sub 4k at least.
As expected by many traders, the bounce from the corona crash is over and we are heading towards new lows. Perfectly inline with Fib lines, see targets on the chart. If BTC will fail to bounce back from 0.5 fib, it will revisit the corona crash low or it might even dive further. NOT a financial advice! Do your own research, thanks for stopping by
Bitcoin correction follows today's markets trend and we are in for even bigger correction IF BTC will fall below Head & shoulders neck line. If that's the case we are heading to $8200-8100 price region
Monero Research Lab released Triptych on the 6th of January proposing trustless logarithmic-size ring signatures. This could improve coin’s privacy significantly. Also there are plenty of good news suggesting that 2020 might be a good year for privacy coins. Monero has been around for a long time and is inline with Bitcoin, Ethereum, Litecoin and other top...
A very clear bullish bat pattern is forming on 4hrs BTCUSD chart which suggests that the retracement will continue to 8,600-8400 price range before BTC will bounce back
Bearish diamond 4hrs BTC/USDT
Don’t be too greedy and don’t forget to set your stop loss limits. The next pump could be just as big as we have seen in the last few weeks
Fib retracement of VETBTC pair, which seems to be very reasonable. First resistance was at 63-65 sats, and thanks to the increasing volume huge selling walls have been broken. Next target/resistance level is at 82 sats and 112 sats
It seems that descending BTC triangle will be fully completed by the end of October, around the 31st to be more precise, which coincides with the Brexit date. Deal or No-deal will have a major impact on how the BTC, as well as other assets and currencies will perform.
I see a lot of traders are speculating on inverted head & shoulders, but I think we need to look at the bigger picture. BTC was declined at 11k mark, which was a support zone of the main "head", but now it turned into a strong resistnace zone of the right shoulder. Also let's face it: the Libra FUD is over, on a weekly chart we have a massive red "shooting star"...
Just sharing my personal trade. I've been shorting BTC since 12,800 with a significant margin on Binance, and so far my Fib retracement levels are spot on. I tried multiple Fibs but this one is the only match that would fit the first drop and everything that followed is in a perfect alignment on Fib levels. You can see the bottom, not a financial advise! Please do...
Grin has just formed a bullish bat pattern (almost perfect in shape and proportions). As theory says, this is a signal of change in direction and Fib levels of CD could be used as resistance/support level. (Same grin/btc bat pattern could be seen throughout all major exchanges)
Grin is currently in accumulation phase and forming a bullish pennant on the 0.618 fibonacci line link to my previous analysis this could lead into yet another bullish break out towards 0.786 Fib level.