Hey folks, Hope everyone is doing well in green market and enjoying their gains. As we all know, BItcoin Price action is stalled indicating BTCUSD about make a move in a day or two, Here are potential scenarios for bearish and bullish case. 1. Bullish Case: Adam and Even Formation with Breakout Level: $7920 LONGs or SHORT covering will happen above $7900 in...
$BTC Bulls shown good upside momentum towards EMA(200) Technicals: ________ Bulls need to decide tomorrow whether MACD crossover would occur or they will get rejected by EMA(200) and RSI (50) Our key level is at previous 9.3k level double top neckline which will now act as potential neckline for inverse H&S reversal.
Chart Patterns on BTC - Resting at minor support of 8.3k level - Ascending Broadening Wedge broken downside - Next Support level => 7.8k level followed by 7.2k level of double top target _______________________________________________________________ Join us on Telegram : t.me Follow us on Twitter: twitter.com
$BTC Update: Possible Scenarios: 1) Traders will take Short Positions on test of pivot line around 9400, If they succeed with the supply line then $BTC will retrace back to test 8k level again to form Reversal Pattern as suggested earlier. 2) Short Squeeze: If Shorters failed by Bulls and try to cover their short positions by buying more and more BTC =>...
$KNC Trade : KyberNetwork is a system which allows the exchange and conversion of digital assets. Buy Price : Under 33k sats Targets: TP-1 40k sats, TP-2 48k sats TP-3: Moon in March Stop Loss below S1 support: 29.3k sats Catalyst: - Partnership with ICX as we mentioned in earlier posts. - Wallet Release in Feb - Mainnet Launch in Martch
- LTC Targeting R1 and R2 as potential targets for Breakout
- All Indicators MACD/Stoch RSI are inplace for Bullishness Buy IOTA under $4.2 $IOTA #IOTA TP-1: $5 TP-2: $6 TP-3: $8 Exchange: Binance (www.binance.com) or Bitfinex
- All Indicators Stoch RSI/ MACD well placed in Bullish Zone on Daily BTC Price Chart
- Daily MACD and Stoch RSI are well placed in Bullish zone
LTC in ascending triangle consolidation, close above $154 for next rally.
- Look for S1, S2, S3, S4 for potential supports of BTC -5.24% to get accumulate during the correction phase
- Many of us heard about MUE coin burn (in a week) News all over the twitter, Here are the targets TP1 and TP2 based on : - Fib retracements levels and - Double Bottom Formation on Daily Chart.
- It will hit $8400 - $8600 range of Gann Fan resistance after Bull Flag breakout
Ethereum looks good to test $390 - $400 range on Daily Chart, very stable right now
Falling Wedge Pattern Breakout -Look for Resistances (yellow, orange, red lines) on the path of Bullish OMG for potential Targets TP1, TP2, TP3
- Ascending Broadening Wedge Pattern => Bearish Pattern Its easy to watch for resistances on the path of BCC at $1300 and $1500 www.elliottwaveanalytics.com
BTC on major downtrend ahead: with $5k as Major support (Ichimoku Cloud Support) - Bearish MACD crossover (above MACD trendline of the previous crossovers) - Bearish RSI (below 50 level) on daily chart - Bearish TD-4 on daily chart => Still TD-9 has to arrive meaning 5 more red candles to continue the bearishness.