ETH having the cleanest chart among other cryptos, including Bitcoin! While others struggling to get out of their consolidation zone for months now, ETH kept it's uptrend movement and yesterday officially started to move higher. Short term I anticipate a pull back to $261 since RSI is oversold in 4h time frame. Then we will see another wave up. The targets are...
Doge is performing extremely well... Well, you know, the power of social media these days! Overall, keep in mind that the whole thing is a joke, so don't take it so serious!! The game started by TikTok kids and as of now I am sure it attracted so many traders out there. Well as a trader we love this parabolic raises and that's actually why I love trading...
Nice move up. 40% up in just one day.... Be careful, RSI is oversold in 4h and 1D chart. Weekly still has room to go. I will take my profit at the end of the day today and wait for the pull back. 1% Fib Extension is the target 0.0038, if it passes which at the moment it look like we will pas, next target will be 0.0048, 1.618 Fib Extension. Let's see how it goes.........
I don't see a lot of buying power happening here and the volume is pretty low. I think Bitcoin will retest some Fib support levels before starting major rallies up. The first target will be $8700 (23% Fib) or we can see even lower price targets around $7900 (50% Fib) in longer run. June was pretty boring already so let's see how July will play. Honestly, it is...
RSI is oversold for about 10 days, looks like bears are getting exhausted! We have double bottom formation which historically followed by a rally up to overbought region! Major resistances will be 100 MA ($183) and 200 MA ($187). I don't think we will reach $190 at least in short term. Let's see how it goes...
Currently holding 23% Fib Extension, $228. RSI is oversold for about 10 days, looks like bears are getting exhausted! We have double bottom formation which historically followed by a rally up to overbought region! If price manage to pass 50 MA and 100 MA, possible target could be $248 or 38% Fib Extension. Let's see how it goes...
RSI is oversold for about 10 days, looks like bears are getting exhausted! We have double bottom formation which historically followed by a rally up to overbought region! Target prices are $178 and if break that the next ones will be $183 (100 MA) and $188 (200 MA). Don't think we will reach $190 region. Let's see how it goes...
Holding 61.8% Fib Retracement currently on my daily chart. A strong support that possibly will hold the price. So it can be a good entry point. Their paper will be published soon, so if outcome is promising we will see another strong wave up. The only thing makes me worry is that May 15th gap. Historically the price always tends to come back and fill the gap,...
Fib Retracement from lows of mid March to the highs of April shows where we are in this uptrend movement started back in March. To keep it short, huge resistance at 23% Fib which is aligned with 200 MA, that is $196.7. If we break this then we will get some good moves here....... If not, it will go down, then there is a possibility for trend reversal... Lets see...
This is my first Bitcoin analysis, so let's get to it: BTC started an uptrend movement starting March 18th after finding support at $4500 region. As you can see in my 4h chart, the price had a steady climb since then, holding yellow support line in the uptrend movement. Moving averages have bull market arrangement, 21 MA above 100 MA and above 200 MA. This is...
OK guys I have to admit that market proved that I was wrong about "bear market rally" in my last analysis... As a trader we all know that there is no certainty in the market and all we do is based on probabilities and possibilities... In fact I know very few traders/chart analyst that were bullish in BTC, BSV, BCH or other crypto market in the last month. So...
From the chart: As you see I have two resistance levels on my 4h chart, first $187 and second $205. BSV made 2 attempts to break 1st resistance level so far and failed on both attempts. The first attempt was March 22nd and the latest yesterday. However, BSV is in ascending triangle approaching the end (with first resistance level), holding nicely above 21 MA. To...
From the chart: BSV is in a downward movement. What we have seen so far is a natural pull back after an extensive drop. I think we should soon test 180-200 region before heading more down toward previous lows ($65-$75 region). That would be a great opportunity to buy back and come in. I'm trading in a 4h time frame and so far it nicely held 21 moving average...