Very likely the bottom is in for xrp/btc. Higher low is formed and the candles are started to trade above the MAs. Both MAs are also crossing, signalling a rally is on the cards. Keep an eye on XRP.
MYX:5099 Recently, AAGB has gap up due to the announcement of RM0.9 special dividend to shareholder. The Ex-date to entitle for that dividend is on 30-7-2019 which is still far away from today. Therefore, price fluctuation will be huge and no rush to enter yet to entitle for the dividend. Currently, sentiment around the world has been bearish especially with the...
Today, I want to talk about MYX:4324 According to the chart, we can see that there's small accumulation phrase after the big downtrend (with build up) signifies that the big boys are accumulation the shares. After the accumulation phrase, it broke out bullish and form a descending triangle and broke back down to the support of the accumulation phrase. This...
Hi, bitcoin market has been pretty boring this few days. As my previous post, I have already mentioned that BTC will start retracing this week and will likely to continue for the next 2 weeks until the $6k mark is reached. In this chart, looking at the BTC/USD chart, we could see that there's big gap has not been closed since the gap up on 10 May 2019. A gap must...
This is an update to my previous post. Lower high has formed on the 4 hr chart. We should see around 30-40% retracement from the high now. TP: $5800
We are seeing a distribution candlestick on the Daily chart of the COINBASE:BTCUSD . Even though the candle is not closed yet, but it is very likely that this will be the candle once it's closed. As all of you all know, BTC has spiked since the 3k zone, approximately 150% gain without a significant retracement! FOMO has kicked in and you know the history in...
BITFINEX:BTCUSD is currently forming an inverse H&S. Hopefully this is the bullish reversal and the end of the bear market. Peace. CK.
Hi guys. This is the new update after the previous bear flag broke down. I am still pretty bearish on BTC these few days. Reason being that there's a lower low and higher low on the bigger time frame. This pattern usually constitute that the crashing pattern is still in play. As you can see, the candle decided to close below the orange line (which constitute the...
Hi Guys, Thank you for tuning into my analysis. BITFINEX:XRPUSD As you can see on the larger time frame, BITFINEX:XRPUSD is mimicking the trend of BTC/USD. However, a more significant lower high and lower low can be spotted in BITFINEX:XRPUSD then in BTC. The green box could signify an accumulation zone provided that BITFINEX:XRPUSD doesn't break down...
BTC has finally broke down the bear flag and rest on the support at $8,153. The pullback happening now is testing the bear flag as a resistance to continue for the further downside. A break below $8,153 support will trigger the free fall. Thanks CK