Geeves

Geeves

$BTC still ranging above the $6 800 area. Not seeing any reason why it will not continue like this for a while. Targets (personal view) Day Chart i) Daily CLOSE > $7 492 & Weekly Chart ii) Weekly CLOSE > $8 506 Will need a clean strong break above $8 500-$8 600. ONLY then will I think of a possible $9 500 target.

Geeves

Daily Chart Retesting of the $6 800 zone? As proven, it is a proven accumulation area for $BTC. In support of the price action - i) 50 dma ($6 921) ii) Lower band of Bollinger ($6 845) iii) Fibonacci 61.8% ($6 806) iv) Trendline

Geeves

Daily Chart In this downtrend - We might test the support around 6800 area again (blue purple area) and the Fibonacci 61.8%. Currently - We are testing a support area around 7280 including a trendline with various historical touches. The Bollinger Bands starting to contract, with the middle band, the 20 dma above the daily candle. The lower Bollinger Band is...

Geeves

Weekly Chart If we CLOSE this week (Sunday night) above 13.57 (yellow line), then we might have trouble stopping the momentum in the weakening of the ZAR, politicians will have to do some heavy lifting.

Geeves

Weekly Chart Resistance, the 200 dma just above the weekly candle's wick. Support, the candle of 11.6.2018 lower wick most prominent and a trendline. The 20 & 50 dma in support too. Historically the range around 13.00 has been visited various times. Increase in the unemployment numbers as expected did not influence the ZAR any further. Longer term view, the ZAR...

Geeves

Daily Chart Bollinger Bands staying tight, something is coming. Fulcrum bottom, continuous pattern playing out with neckline at 539.79, a breakout possible. Keep an eye on Bitcoin which is still correcting or is it finished (check E.Waves on the shorter timelines)?

Geeves

3 Hour Chart Since 28.06.2018 is the ZAR in a complicated combination correction (WXY - Elliot Waves). As with most currencies, there is political influence, the ZAR is not the exception. It is possible that the ZAR is reacting positive to some inflow of Investments to the Country. May the good news continue, it is in big demand. Reality check - the price...

Geeves

Daily Chart Support Yellow trendline with support at lower wicks of candles 18.3.2018 & 29.6.2018. Lower Bollinger Band Resistance Green trendline with various touch points dating back to a lower wick candle on 21.02.2018. Middle Bollinger Band, the 20 DMA and the 50 DMA touching the upper body of the today's candle. As an Altcoin, most important indicator is...

Geeves

Monthly Chart Beautiful July candle, still w.i.p. for the Bullish in us. It's the 25th today, will we close higher than the 04/2018 candle? Lots can happen between today and ME, looks like we will close higher than 05/2018 and 06/2018 candles. Resistance that stands out, upper wick of candle 05/2018 ($9 994) & upper wicks 2/2018 & 3/2018 (around $11...

Geeves

Higher close this week Price found support on trendline around the 50% Fibonacci ratio (71.74). In support is the 20 day MA (74.18), just above the price action in around a further trendline who supplied strong support in the past and was breached in the past week. With the Bollinger outer Bands showing signs of contracting, expecting further price action to...

Geeves

Weekly Chart Higher close 2nd week running Resistance Fibonacci 78.6% at 13.91 and the Fibonacci 100% are in play at 14.57. The latter will bring the Cup & Handle continuous pattern into the calculations. The Fibonacci 78.6 will be strong resistance with two upper wicks touch points 18.6.2018 & 2.7.2018.

Geeves

6 Hour Chart The Battleground, the yellow block Personally I want to retest the 6800 area Bitcoin never does what I want There is a hammer like (candle) for yesterday, will it produce sparks?

Geeves

Daily Chart Retest of broken previous Resistance (thickish red) now Support around 6800 on the cards Yellow trendline strong Resistance with a lot of history behind her dating back to middle August 2017.

Geeves

Elliot Wave Double ZIGZAG correction 5-3-5-3-5-3-5 Awaiting the completion of the last 5 for confirmation.

Geeves

Weekly Chart $BTC made a substantial move, broke out of the horizontal channel. Pressing against a powerful resistance trendline (yellow). Volume still low. If volume can be added this trend may continue. In the lower time frames, the 1st signs of a corrective, possible a ZIGZAG, Elliot Wave can be seen.

Geeves

Daily Chart After two days of HIGHER closes, we had good news, a steep drop yesterday. Weekly Chart After two weeks of LOWER closes, are we heading for a third? Lets hold thumbs. 1 Hour Chart It looks like BCOUSD is in a complicated combination correction WXY (Elliot Waves) still looking for the Y-leg.

Geeves

Weekly Chart We need to close below the 12.99, lower wick of candle 11.6.2018. we will have to overcome some trendlines as you can see from this weekly chart as well as the 38.2% Fibonacci retracement. There is further support 12.73-12.89 (the grey block), Let’s worry about that later, one battle at a time. Daily Chart The daily chart closed lower again (a good...

Geeves

Daily chart, we had a HIGHER close again. Strong probability the Inverse Head & Shoulders are in play with horizontal neckline around 6805. Alternative price action will stay in the channel 5773-6805 and accumulation will continue.