Elvies0420

Elvies0420

Bitcoin has just touched the 0.78 fib retracement on the 4 hour and daily from the previous high. Divergence is taking place on the 30 minutes and 1 hour charts, with the first green candle on the 1 hour chart closed.

Elvies0420

BTC double bottom formation taking place on the 30 minutes chart. Should this be valid, we can expect a short-term retracement from here to maybe 0.618 or 0.78 fib retracement levels which can be used as targets. This is also supported by the bullish divergence forming on this timeframe

Elvies0420 Updated 

UJ has retraced to the 50% level from the previous high of just below 152. A bearish divergence is forming on the 4 hour chart which signals a reversal for a further continuation of the downtrend Possible target is the previous low of 140

Elvies0420 Updated 

A bullish divergence on the 1 hour chart has taken place with lower lows on the price and higher lows on the RSI which is an indicator for a reversal. The past two days' sell-off looks like it may have run out of steam at this point. At this point, my advise would be to continuously buy low and sell high. on this forming trend. My additional confirmation is...

Elvies0420 Updated 

Bitcoin is about to test the the trendline at 29 800 region. Should the resistance hold, short positions to 28200 as it will still be trading within the channel where it will meet the longer term support at that region for a lasting long-term trend.

Elvies0420

On the one hour chart BTC is about to touch the trendline at 29 930. The price is about to go below the consolidation channel which implies the break below is very likely. The price is still trading below all the EMA's which indicates we are still in a downtrend. My preference is short positions now to 29 100 a safe bet. BTC is still in a long term up trend

Elvies0420

Bitcoin is setting up for a head and shoulders indicating a reversal on the 5 minute and 3 minute chart. Long positions above 30K to 30 400 as first target. Second target is yesterday's high of 30 800.

Elvies0420 Updated 

The price of bitcoin is trading above the midpoint of the ascending channel which indicates a bullish momentum. For as long as the price is above, look for 31 450 which will make it a retest. Once broken this region will form a support and above this point look for 34 300 as a possible target.

Elvies0420

BTC tested the 30 600 area. Failure to break opens an opportunity for the downside towards the 30 000 region. Personally I prefer taking profits just above the support lines and hence my target is 30 100. Short positions below 30 650 to 30 100 and possibly to 30 100. Below 30k, next support is 30 740 which also makes an attractive target.

Elvies0420 Updated 

A bear flag pattern is forming on the 15 minutes chart with targets towards 30 000. The RSI is indicating a bearish momentum as it is approaching the 30 mark. In the short term, 30 000 should be expected, however, BTC is in a long term uptrend.

Elvies0420

Gold is in an upward trend since testing the 1990 region. A bull flag is forming on the 15 minute chart and conversely a bearish flag is forming on DXY. DXY is negatively correlated to Gold so more losses in DXY result in gains for gold. Long positions with 1970 as a target.

Elvies0420

Bitcoin is currently trading at 30 300. On the daily the price is within an ascending channel with the midpoint currently sitting at 28 800 and moving higher. Should this target be reached and for as long as it stays above the midpoint line, we may expect the price to move past the current and most recent high of 31 500