Hello everyone, Looking at the 4H time frame, I give you a set up which might take place in a realistic time frame. Before I begin, I want to give you one huge disclaimer. ***The top of the market is not yet known before the retracement.*** With that out of the way, were going to assume the top price for ETH will be 623.21. Using that, I have drawn a FIB...
Hello everyone, I am a trader 100% in cryptos since mid 2017 and have been watching this market since early 2017. With that out of the way, I will let my analysis speak for itself. What I see: 1) Fractals that resemble the previous pattern before the huge spike up. 2) A clearly overbought market. 3) Bullish momentum slowing. With that said, it is very possible...
Hello everyone, In my analysis, I'm predicting that the ETH price will have a further downside, in fact I believe the market as a whole has more downside too. My analysis is as follows: 1) There is a large bearflag that has formed, and in being generous, I only set the bottom to 280 for now. 2) If you look closely, there are 2 previous large bearflags that have...
Going to keep this idea simple and short. 1) BTC has been stuck in this immediate downtrend channel since the 24th of March, as indicated by the white trend lines. 2) There have been identifiable Elliot waves that seem to support the idea of BTC trading in this range. 3) The bottom long green rising trend line has been previous support for BTC on more than once...
Taking a close look at the BTC/USD 1 HOUR charts on Bitfinex we can see that there appears to be an Elliot wave forming, alongside a bullish RSI. The idea is simple, consider taking a ride up from wave D to wave E. 1) The buy range is 9100-8900 2)) The Stop loss is a break of 8700. Perhaps it's a bit high, but if it breaks that line, it might retest the low or...
Hello ever, I am a firm believer in XLM and have been holding a long position for quite a while. With that out of the way, I just wanted to share what I think may occur in the near future. On the 4 hour charts, if you look carefully, you can see that we have just finished an ABCDE correction The RSI looks good Strong support around the support levels Previous...
I have been following BTC for roughly a year and have witnessed and personally held multiple positions during it's boom and even briefly held around the ATH at 18.3k before selling. When it comes to Tech Analysis I'm new and not seasoned like many of the other pros you will find around here, but despite this, I want to share my idea, hear out any criticism and...
I have been following BTC for roughly a year and have witnessed and personally held multiple positions during it's boom and even briefly held around the ATH at 18.3k before selling. When it comes to Tech Analysis I'm new and not seasoned like many of the other pros you will find around here, but despite this, I want to share my idea, hear out any criticism and...