saurabhbansal123

saurabhbansal123 Updated 

I've looked at Bitcoin historical price(daily charts) and Simple moving average 100 (MA100) since 2013. We were on an uptrend in 2013 followed by a long correction till June,2015. Post Jun'15 btc is on a bull run with small corrections(consolidations). Due to the recent FUD driven by demands for stricter regulations from the Chinese and American governments we...

saurabhbansal123 Updated 

It does look we are in another bullish zone for BTC till the hard fork in November. A possible scenario using wave theory is shown in the chart.

saurabhbansal123

Technicals: > Cup and handle forming on the 4h/1d charts > First blood broke out of its descending triangle formation recently and has looked pretty solid since then > During the China BTC FUD though it lost value it recovered quickly > Trading Volumes have been very healthy Fundamentals > their website mentions they are going to release a new game pretty...

saurabhbansal123 Updated 

Based on Elliot waves and historical trends.

saurabhbansal123 Updated 

BTC is showing a bearish pattern. But indicators suggest a strong reversal. Price can fall to ~1850 before any possible correction

saurabhbansal123

We are in the 5th elliot wave zone in India. The global economy(NASDAQ, DJ, DAX) is also at an all time high mostly driven by the tech-sector but there are a few cues which hint a pullback. 1. Failing energy sector: in the past few years thermal and nuclear power plants have seen huge investments but these are facing challenges from the renewable energy sector...

saurabhbansal123 Updated 

ETHUSD pair on BTCe is showing a bearish momentum but there is a possibility of a major pullback once the OBV reaches the support line. Expect a trend reversal in the next few days. Analysis of indicators: MACD indicates negative momentum: Expect a price correction to 188. RSI : RSI is currently in the over purchased category --> Another indication...

saurabhbansal123 Updated 

Litecoin looks like a safe haven for investors in the run up to Segwit2x . It is showing a bullish pattern with RSI around 30 (oversold range) It has been able to hold the current volume - Positive trend for OBV (On Balance Volume) MACD 12,26 indicates a trend reversal Unless there is a major pullback from BTC, LTC is experiencing huge gains.