We achieved our target and took some profits along the way. If Bitcoin continues moving to the upside I can see the BTC pair consolidating at the <3 * 10^-5 sats lvl. Regardless of technicals, I am excited for IOTA's fundamentals and I am sure we will see great progress in the coming year. Technicals are looking good, too - MACD on daily just turned bullish -...
Bitcoin managed to break-out of the prior established triangle and can climb higher now. If we have a close above 9470, I see 10.3k very probable in the near future. Before, we need to be cautious opening a long position. Resistance has been overcome which was valid for weeks Stoch RSI found support on prior resistance MACD turning bullish on daily
The candle of today seems to herald the start of the reversal for the S&P500. - False breakout to the upside and now at the support line of the triangle - Stoch RSI and MACD indicating weakness - Covid19 cases still increasing strongly which will fuel another decent move to the downside once we see the reversal clearly - FED can keep the market up short-term but...
I am waiting for a break-out from the accumulation phase for a continuation move to the upside. We have an established support and as long as it holds we should stay bullish . If we have a daily close above 1.14 I will open a LONG with a tight stop loss with the target of 1.175.
Strong rejection every time we reach the resistance line (as drawn in the chart). I think it is likely that we revisit the MA200 at 8.4k. The market seems to be uncertain (could be related to Covid19). Technicals seem more bearish: - Volume is still lowering on average - Bearish divergence (HH on RSI, but LH at price) - Strong resistance lines coming...
We have a clear breakout through the resistance with increasing volume. I am looking for a touch of the upper horizontal resistance line during next month. Technicals: MACD + RSI support upward movement. Fundamentals: Decentralised test-net "Pollen" has just been released.
As assumed in the previous post, BTC entered the demand zone due to missing upward momentum. I think it is possible that we keep trading in this range for a while before upward pressure resumes. The last pullback bounced off the MA-200 serving as support for the short-term. MACD is still tending to the downside, while RSI has entered the oversold region on the 2...
Short-Term trendline broke Looking for an entry in the demand zone 8.7 - 9k area.
Looking for a retracement after this parabolic move. Trendline broke - Target 0.382 Fib
Hi all, Here I am focusing on the weekly chart which looks quite bullish to me. In fact, I cannot see any indicator that seems to tend to the bearish side. (Happy to see comments if you have a different perspective) There are different opinions about whether you should draw trendlines based on wicks or the closing. I drew in both to consider both and for the...
Hi guys, While Bitcoin is still moving within the triangle, Ethereum managed to break through the upside. Next target would be around the 250 mark which aligns with the support line of the previous trend we broke through the downside. It seems probable that we are going to re-test this channel once again. When looking at the BTC-Dominance chart, Altcoins might...
Hey guys, Bitcoin seems to move within the triangle as shown in the graph while declining in volume. If we break to the upside from here I keep my target of the prior established line which is at around 10.8k . This would also confirm the break out of our 2.5 years resistance line starting all the way from 2017. We need to wait for a confirmation of the ...
Hi folks, Chart is quite self-explanatory. I think ETH/BTC will gain strongly in the coming days, if this plays out the same as in beginning of April. Fractals look similar so far and support is strong at this level. If we see support holding and ETH going up again, I am quite confident about a similar outcome. This would give us a delicious increase of 15% from...
Hola toritos y ositos, ETH is making some good gains in comparison to BTC and it is almost playing out as expected in the previous analysis (it broke to the downside of the triangle but managed to climb in again. We still have some upside potential until we hit the upper line of the triangle. The volume is decreasing, too. If we manage to break with significant...
Hi all, Chart is pretty self-explanatory. The Bitcoin price is creating a bull flag which should lead with high probability to a continuation move to around at least 9.9 if not to 10.1k where meet the resistance line. Let me know, what you think. Happy trading to everyone!
Hi bulls and bears, Technical Analysis: We are still following the same trend since our mid of March doom. We might extend our trend to the blue zone to refuel and shake out the weak hands, but overall the trend is still bullish. In my opinion we will either go straight up from here (after accumulating for a few more days) or back to 8k - 8.5k (where MA200 and ...
Hello bulls and bears, As mentioned in the previous post, bulls are still strong right now and recovered from both, the last dip pre-halving and the Covid-19 panic sell. The weekly is looking extremely good, MACD cross and RSI breakthrough. The current fractal looks similar to the one of end of May 2019 (marked it with a yellow circle). If we manage to break the...
Hello Bulls and Bears, Today we broke through our prior established resistance at 194 which should now serves as support. We will need significant volume to break through the resistance at 200. I assume we will accumulate for a few 4 - hour candles in this channel and eventually break the upside. After that the next target would be the lower line of the channel...