Stochs on lower timeframes 1-4 hours all heading down. 12hr and daily still bullish. weekly bearish. We just had an impulse wave off the support recently and now expecting greater retracement before another push up. Low TF oscillators heading down could be signalling an incoming dump however with the 12hr and daily having recently crossed up I'm expecting the...
Price is currently stuck between the 200 EMA and 200 SMA. Looking for a rejection off the 200 EMA to short into around $8700-8900. Profit taking would start at >$7.7k. Looking to Open Longs around the green zones and take profit on bounces conservatively until the market becomes more bullish.
XTZ BTC resistances, supports and targets
How to play XTZ Breakout. Use the lower red line as Stop loss and buy at the upper red line. You could also take some profits around the 55 cent region just to be safe.
BTC still has potential for further upside with Long positions down significantly over the past couple of days. Looking at Bitfinex Longs/Shorts, lots of potential for long positions to be opened again sending forth another rally. Shorts are still near to all time high regions with less potential. Look for buying opportunities on the long zones. Sell at the green...
Chart says it all. Have formed a small right shoulder can be seen on the daily timeframe, We could break up from here to form a larger right shoulder. Currently in a descending triangle, which if breaks to the downside, could spell some real trouble for EOS. If it breaks to the upside, look to take profits at the resistance zones and look to see if a larger right...
As expected BTC is started to break below trendline D of the Diamond Top. We have had to redraw the B trendline and it no longer forms a descending triangle which makes Target 2 for Diamond top more viable now. Use can use these targets as guidelines. -We are seeing a bearish Divergence on the 4hr and lower timeframes for RSI since 21st september so expecting a...
Looks like a possible Diamond Top formation forming here. If it breaks D support line then we can start to map some targets for shorting.
Getting ready for Diamond top breakdown in Wave 4 of 3. Descending Wedge to start Wave 5 of 3. Red box at top = Resistance. IF Diamond Top Breaks to downside: Diamond Target 1 = Not Accurate yet as we have to Apply this ON the breakout but still charting it at the moment as an example. Diamond Target 2 = Probably won't get hit if this formation continues as it is...
IF BTC has finished correcting, we can see the first Motive Impulse wave has already began. Here is a rough price target guide for what the coming elliot waves may look like. I have been trying to learn Elliott waves so by no means take this as if from a proffessional. Any advice/criticism/thoughts & ideas appreciated.
Will post a larger picture of Fractal in play. Will be interesting to see if price follows this pattern again.