If the current downtrend continues (temporarily), we could experience a 30% retracement from the previous ATH. So if this holds, my entry point would be around 42,300 (Elliot Wave #4).
According to this model, the mini-bear will end around March 15th (Elliot Wave #4).
If the next wave (Elliot Wave #5) follows the pattern, we could experience an uptrend of...
BTC has fully recovered from the crash of early March, 7th. Now it is battling for its future. I see the price bouncing around 9300-9200. A correction back to 9100-8900 is totally a consideration at this point.
MANABTC is showing signs of a bullish trend.
Price will breakout of the Triangle soon and we will get an idea of where it's heading.
The fact that the Moving Average MA is moving in parallel to the Green uptrend line is a clear indication that something is about to happen. RSI is also signaling an uptrend movement.
Let the market does its magic!
Target Profit ...
If BITTREX:LTCUSD breaks out of the resistance level/entry level, its obviously a BUY opportunity. On the other hand if it breaks below the uptrend line (Green arrow), it should be a sign of price reversal. But RSI & MA indicate an uptrend.
The price might even break out of the Ascending Triangle sooner than expected in any direction (Above the resistance...
SHIFTUSD is getting ready to break out of the ascending triangle.
The three drive pattern might indicate an imminent end of the pattern and the formation of a new pattern.
Happy Trading!
Are we due for a new high since the beginning of December for POWRBTC ? There are clear signals that suggest just that.
We are reaching the end of a descending triangle pattern and the downward trend (DT#2) looks much tolerant that the previous one (DT#1).
Let the market choose where it wants to head!
How soon will MCOUSD breakout from the resistance level currently @ $17.66?
We Are also observing the formation of a Double-Top Pattern in the short term. Which means the price is going down at the end of that particular pattern.
Let's hope it stays above the Red Dashed Line!
Only The Market Will Decide!
CANNBTC is clearly trending downward. It looks like the market has found its peak and this is a clear signal that the preceding upward trend is weakening and that buyers are losing interest. Upon completion of this pattern, the trend is considered to be reversed and the security is expected to move lower. For now, It seems like the market is looking to...
Looks like LTC is getting stronger as BTC consolidates around 10k and tries to break to new highs.
RSI is in the 50s which acts as support level for the moment. This also means that there is enough room for the price to go up.
Let's if the market keeps the momentum.
Trading is not perfect...
My analysis on ADABTC .
I think the price could hit $0.15 in the next couple days if the market follows the current trend.
The market has undergone a consolidation period that last 24hours. It is getting ready to break out of the consolidation zone.
Let's see what the market does in the next couple days.
Entry Level: 0.00001171
Target Profit 0.00001521...
We are experiencing the formation of an Elliot wave. The ascending wave is at its final stage. Will BITTREX:DASHUSD reach the top of the wave 5 ($880)?
RSI is at 59 (by the time I am posting this idea) and trending upward, which indicates that there is enough room for the price to reach $880 before reaching 70 (overbought area). But who knows? With cryptos,...
BITTREX:ETHUSD is most definitely trending downward. The bearish signal, given by the descending triangle, suggests just that. This should be regarded as a market consolidation given the recent hype around the historic 10k mark achieved by COINBASE:BTCUSD that drove the entire crypto world nuts, including ETH. But this was expected.
The descending triangle is...
Let's see what the market thinks!
The idea is based off of a previous period (Nov 20th 8AM - Nov 23rd 00:00 - 4hr Chart)
I think DASH 's price will reach $700 sooner than later. I also expect the price to jump up 15% or so (from $600 when I first analyzed the chart). I expect it to hit the $700 mark by this evening or tomorrow.
Happy trading!
Let's see how this plays out in the next couple hours.
QRLUSD is on the downtrend. The descending triangle, as seen on the chart, gives us a bearish signal, suggesting that the price will trend downward upon completion of the pattern. The descending triangle is constructed with a flat support line @ $1.07 and a downward-sloping resistance line (See the...
