Teutonia

Teutonia Updated 

ADA has fallen to it's 78 fib from the last rise after the Ripple court decision. It is now forming a falling triangle which is a turn around chart pattern. Horizontal support as well and last but not least a fundamental gem.

Teutonia

NAT GAS turned to the upside on Thursday after putting in a double bottom. With potential to the horizontal resistance the trade has a risk reward ratio of 1:5.5! Adding to the mix is an oversold market and possible short squeeze in a volatile market.

Teutonia

I reckon the low for the day is in. Buying interest with volume coming in, also for the US indexes. I reckon the next target is the top of the descending triangle at 14100, that is also the 23 Fib of the last leg down. If the situation in the Ukraine changes, the target could be the 61 Fib at 14800.

Teutonia

There’s the break out. Resistance now is the earlier horizontal resistance, now support, at 59k. That should hold! SL at 59100, below yesterday’s low. TP1 the horizontal trend line and/or line connecting the last two tops. Somewhere between 62 and 64 k. Your choice. TP2 70k, or just below. Good luck all! Obviously this is not financial advice, but just my musings!

Teutonia

Cleaned the graph up a bit. Question is if it will retrace again and bounce of the lower trend line before breaking to the upside.

Teutonia

Will BTC make a break out this weekend out of the bullflag it is presently consolidating in?! Resistance is getting weaker with time, and the upper trendline is running upwards giving it room to run past the ATH of 61000. MA also supporting. In my opinion the chances good for a breakout soon!

Teutonia

I thought I'd do a little update. Drew in the horizontal supports at 58250 and then stronger at 54000 as well as first horizontal resistance at 59500. Should BTC take that out, next resistance would be the horizontal area between 61180 and 61780, depending if you take closing prices or the upper wicks of the previous high. I'd say it'll be the area in between....

Teutonia

BTC has been consolidating around present levels for 3 days now. It is in a tight uptrend that is part of a V shape recovery from the recent low at 50400. It is now touching support at the lower end of that channel as well as support from the 20 and 50 day moving averages. Various other coins have already broken to the upside, ETH being the most important one...

Teutonia

On the 1 hr chart BTC is continuing higher from one bull flag break out to another. It’s following a narrowing trend canal and roughly the 20 day MA up. Presently setting up another bull flag which will meet the 50 day MA in about 10 hrs. That could well be when it ends it’s present consolidation phase and heads one leg higher. Expecting 70k next.

Teutonia Updated 

BTC has build a nice bull flag an broken out of it with subsequent testing. The low of the bull flag is the 38.2 Fib retracement of the most recent ascend in the 15 minute chart. Long position, TP1 is the first resistance at 60k, TP2 at 61 500.