BTC reached ATH just for a week. Approximately aroound 66k.
However the long bull wasnt expect to be extend till Nov. As you can see on Renko graph shown bearish wave continue to break the 60k support line easily on 3 days timeframe.
The question subject to how further BTC will dip before bull trend start again. Or the current situation is just a futher bull...
Refer to pic above, i think the bullrun for EOS is not coming nearby. Yesterday EOS manage to break the 4 resistance but fail to convert it towards support line. Foreseen EOS will bounce below 4 and make another attempt.
As you can see the triangle indicated that EOS sell season has ended. The trend clearly show it moving into bullish season.
The last 2...
BTC is coming on bearish season after failed to break 11k range for the past few days. According to ichimoku cloud indicator it seems that the bearish wave is on high possibilities to go down further.
Personally i would recommend tight stop lost for those who intend to long. since the graph stated a choppy market condition. It is a good time to be on sideline....
So today we going to take a look at the 4 underperforming KLSE stocks in REIT industry. They are 4952, Amanah Harta Tanah PNB, 5280 KIP Real Estate Investment (Orange Line), 5127 Amanah Raya Real Estate (Pink Line). & 5269 AL-Salam Real Estate Investment (Blue Line)
To be more specific lets find out underlying sentiments on these charts.
What is the common...
As you can see over here is XRP chart for the past 3 days. Starting with beautiful spike on 30th and immediate retrenchment on 31st Jan. Pretty much failed to hold long trend for at least few days. The reasons is unknown, however to utilize on current situation, There are 2 areas for long and short entry. This could be sideways for few days as according to volume...
So BTC back to the 4200 to 3200+ range, obviously it didnt breakout further from resistance. Plus whats worrying the holders BTC fail to hold its 4200 price for third conservative times.
Adding another negative points to current situation it seems that the trend has starting to show lower high lower low mimics.
Pulldown short aggressively plunge the market...
On 2nd Jan apple went down hard around 10% during post market thus creating plunge gap due to un-settlement trade regulation policy between US & China. Therefore on following day 3rd Jan APPL seem to retrace back from 146 resistance. On previous friday, after Major announcement on US earnings; APPL manage to bounce back from 52-weeks all time (142) towards 148+...
ETH formed cup & handle theory , Retrenchment target to be around 149~150. Before set for long Trend. Ichimoku cloud indicated there will be a slight short bounce before long trend appear.
ETH Long around 140+ after retrenchment at 150 Stop loss target 124.
Today BTC tested a divergence resistance at 4300 as result it seems that pullback has occurred. Besides that, an obvious trendsetter towards bull direction has finally set up from bear short trend. Based on TA there will be another short bounce (according to MACD) into diagonal support line including Stoch RSI.
The range for BTC is 4400 ~ 3700. From volume...
Despite stocks market downfall LLY is thriving for bullish pattern. However based on TA this waves is going to turn out soon.
Reasoning for this includes double top on all time high price; Second reason provided by MACD and sch RSI both shown a short opportunity for 35 M timeframe.
To be on safe side if the wave was constructed for correction towards bullish....
Today BTC felt down to all time low in 2018 with price range from 5000 to 3800. Hence, the bearish waves shown indicated BTC is still progressing on short continuation.
TA use for this is Icloud, Stoch RSI and MACD. All indicators were favors towards bearish sign. There is no support line that solely shown for retrenchment.
The limitation on TA conclude further...
STR or Stellar analysis show that STR is on stable price despite from BTC bearish downfall. For overall 2018 STR recorded a lowest price at 0.17. Compared to current price the last recorded lowest price for November is around 0.19 during BTC downfall. This has encourage holders & investors to pay more attention to STR as we know its been on a grey area from time...
SPX hits rock bottom for Q4 2018 witnessing radical volumes of short selling before end 2018.
Due to uncertainty of the market after SPX hits 2680 (support line),
US stock markets has turn into aggressive volatile waves. As shown on picture above,
the upside down chart indicated two resistance lines created from the downfall.
first resistance line at 2800...
After blood day on 16 Nov, BTC seems to have catastrophic affect towards alt coins. Ironically SPX which solely depends on FIAT currency were also drown down after 6 years steady bullish trend. XRP is the only coin that bounce right back after BTC falls.
So lets get back to TA
As we know usually alt coins price index are align with BTC price due to its main...
After blood day on 16 Nov, BTC seems to have catastrophic affect towards alt coins. Ironically SPX which solely depends on FIAT currency were also drown down after 6 years steady bullish trend. XRP is the only coin that bounce right back after BTC falls.
So lets get back to TA
As we know usually alt coins price index are align with BTC price due to its main...
BTC analysis on Mid Nov indicated that support for previous 6 Months has been broken (6000). There is min possibility for BTC to bounce back as indicated by Ichimaku cloud. Currently shown the bearish trend will continue further. Its been really hard season for BTC holders as optimistic view is hoping consolidation wave will turn into bull trend. On the opposite...
This is view for ADA Cardano \ USD , after 10% increased on early November but ADA unable to retain position price. Therefore bearish trend occurred lowering waves below support area, but a healthy bullish consolidation was formed after breakout on 11 Nov around 6-7% increased.
Current situation view was formed by two possibilities. Indicated in trend line...
Today BTC analysis showing a very constant trading in buy \ sell range around 6700 ~ 6200+ . For the past 2 week this price range behave like a steady wave forming a consolidation zone. TA can't be a solely indicator for breakout measure. Current Support line is around 6000 ~ 5700. Forecast anything below current support will form a very huge fall toward 2nd...
