In this chart, we can see the red dashed channel resistance line CR and the green dashed channel support line CS. The steep green dotted line was a support until Wednesday, when it was crossed and turned into a resistance line. How will the price of Bitcoin further develop? Will the uptrend continue and the price climb towards 25000? Will the old downtrend take...
The Pivot Point System in this idea is from yesterday. Inside the blue area: On Wednesday, the red dashed down-trend-line, the blue dotted uptrend-line and the Pivot Point at 11366 crossed in one point. Today, the red dashed down-trend-line and the green dashed uptrend-line will cross. It is very unlikely that BTCUSD can break these triple and double resistances...
Right now, there is an ongoing correction. However, the major uptrend is still valid. The target area of BTCUSD is around resistance R2 at 12054. Pivot Point is 11366. Below Pivot Point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
Bitcoin is still in the current uptrend. Target is USD 11975. Pivot Point is 9837. Below Pivot Point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
Long-term: BTCUSD is an uptrend. Its target is 12510. Pivot Point is 9837. Below Pivot Point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
In the chart with weekly candles, there is an upwards blue trendline dating back to 2012. USDJPY broke it on February 13, 2018. Additionally, there is a red downward trendline and a yellow one which is short-term.
Uptrend is still intact. What we see right now is a correction, which will be followed by a test of the blue dotted trendline. Pivot Point is 8592. Below Pivot Point , there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
On February 12, BTCUSD crossed the brown dashed trendline and it seems that the major downtrend ended. However, the new trend is not an uptrend, but a sideways movement. The price of Bitcoin is fluctuating around Pivot Point. An outbreak of this sideways movement can establish either a new uptrend or a continuation of the downtrend above the brown dashed...
The battle between bulls and bears on this crucial level is still going on. Stocks are losing value, currencies are dropping, cryptocurrencies are falling and even at the outside of my home, the temperatures are sinking. It is very cold this morning: -8°C! Brrrrr. At least, Bitcoin crossed that important brown dashed bearish trendline yesterday and it fluctuates...
Good Morning! A new day, a new Pivot Point system. BTCUSD is on a crucial crossroad (B???). Today, the decision is up about the end of the major downtrend. Pivot Point is 8163. Below the Pivot point , there is a bearish scenario, above a bullish one. Fluctuating around Pivot point means an undecided scenario and a sideways movement. If the price of Bitcoin...
Pivot point is at 8596. Below the Pivot point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot point means an undecided scenario and a sideways movement. The price of Bitcoin has no direction right now. Already for the whole day, it is fluctuating around support S1 level. I expect this to continue for a while. Maybe in the evening that...
Pivot point is at 8384. Below the Pivot point , there is a bearish scenario, above a bullish one. Fluctuating around Pivot point means an undecided scenario and a sideways movement. First, we will have a look at the calculated target of the major downtrend, which started on December 17, 2017. For this reason, we will look back to my idea from February 5. ...
Today, Pivot point is at 8151. Below the Pivot point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot point means an undecided scenario and a sideways movement. The current upmove did not yet reach the target of 9000. However, is it already exhausted? Right now, the market price of BTCUSD is undecided and fluctuating around Pivot point.
For the next few days, EURUSD is locked inside a sideways channel, before it continues travelling South. Watch it closely for not missing the outbreak of the sideways channel.
Pivot point is 7342.Below Pivot point, there is a bearish scenario, above a bullish one. Prices fluctuating around Pivot point indicate a sideway movement. While we observe a short-term consolidation, the downtrend is still effective. The next target is $5511.
Pivot point is at 7226. Resistance levels and support levels are shown in the above chart. Right now, BTCUSD is testing support level S1 at 6104. The target 5511 is within todays Pivot point system between support levels S1 and S2. There is a good chance that BTCUDSD reaches that target today.
I measured the distance of the double top and projeceted the distance to the downside. Such simple measurements are a good guess and it says that Bitcoin will drop to $2403. Right now, support S2 at 6968 is broken and gets retested. If it stands the test and remains below that S2 level, the way is free down to target 5511.
This chart with day candles points out the three steps (target 1 -3) down to the stable ground at 2403.