Breakout, pullback towards 4600 raction long…. but Im ready to add around 4300 if seen … 5100/5200 as first possible target
Usually it's good to know some levels before blindly jump into every rise even after strong news announcement. XEMBTC here is a great example… Many chasers already trapped at the top of the range. Look to buy dips towards 1500 or even 1350 ( some might be force to exit with loss ;) ) or on a daily break and close above 1800 with 2100 and 2450/2500 as possible target
First please check daily chart, where we are and yesterday volume which suggest that current trinagle on 1h chart and continiation to the dowside may not work this time ( against HTF in my opinion ) I think short squeeze is coming so be ready. Aggressive entry here 195/200, conservative above 205. If intraday trade only stops below 187.
Everyone and his dog talking about 50% up on Bitcoin Cash based on speculation related to the upcoming fork… Great but if you are not long from 500 USD or below and you are trying to chase the price here it may end up badly ( simply it might be you turning the light off ;) ) Based on that chart we are in consolidation phase at best ( from beging of September )...
This is an update to the previous intraday analysis available here Nice upward channel been created, I would not chase the price here but wait for retest of the bottom of that channel.... Cheers
Bulls were not able to even show up above 0,04 after the breakdown and that weak behaviour suggest more pain to come towards 0,025 and even lower. Move down below 0,025 for stops or two daily close ( in a row ) above 0,04 will invalidate bearish scenario.
Monero daily char: mid/late August stops were taken out below 0,015 but bulls were able to back above in September. Looks like consolidation/retest phase coming to an end and may see higher prices towards 0,020/0,022
For now looks like we have had two corerective waves up and more weakness is coming. To invalidate bearish scenario close above 0,00045 is needed
I know it may looks like Head and Shoulders possible formation and that we are testing neckline right now on daily chart but... I truely believe that this time simply chart does not corresponds with fundamentals here. So, what would I like to see ? Some kind of "invitation" for sellers in other words a bit of breakdown here with strong rejection or soething like...
It's and update/continuation to what we discussed here
We were witnessed huge rally yesterday and if you are price chaser you may expirience big DD now. Current pullback ideally hit first possible demand zone and trying to bounce creating opportunity towards 350/55 and 400/05. Below that zone 275/65 possible
We already covered Substratum on inraday basis here and it was good one as first target been reached. Now, the latest developements ( please do your own reaserch about that ) + daily chart suggest SUB might be silent hero here and we are very bullish short, medium and long term. It,s not blind believe and we will think again below 1300 as its uncharted...
Is it calm before the storm ? Very narrow downtrend channel, very low volatility ( like not bitcoin compare to current stock volatility :) ) and we may stay within that tiny range for longer but... I'm looking for the range to expand soon. My favorite scenario ( violet arrows ): market will look for stops below 6400/6350 with strong rejection... Unfortunately if...
Break to the upsode from intraday consolidation with good volume. Pullback towards 550/540 as possible buying zone with first possible target around 580. Stop 2 hoursly close below 530 in a row.
Based on this daily chart looks like either way break is imminent. Zone between 50 and 47,20 as line in the sand for bullls. I would prefer to see failure at the attempt to break lower with strong rejection to the upside.
Hi, if short based on previous analysis available here please be careful at current level / manage position actively. Bears are trying to hold below 0,07 but move below 0,066 is needed ( based on today chart ) to keep negative momentum. As you can see we are testing strong intraday demand zone so a bit of ping-pong here possible.
Well defined range on daily chart. Narrow one between 2950/4500 and the bigger one 2000/5000. I'm watching and waiting for: attempt to break lower below 2500 or two consecutive daily close above 5000.
I like todays breakout very much but... we need to see daily close above 600! If that happen, probably it will be very, very bullish medium/long term ( volume is good ). I would like to "hunt" for longs on a retest/around of the breakout level.