Outlook: 1-5 days: bearish 6 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: Waiting on the weekly 9, wondering if we will grind downward slowly, or get some capitulation Patterns: 4hchart: Rejected bear flag. Bullish A-B-C-D pattern. Inverted h & s invalidated with move below $6,260 Horizontal support...
Continuing with the new theme please see the checklist and notes below. Conclusion is the same as yesterday . Outlook: 1-6 days: bearish 7 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: OBV consolidating, Weekly 9, Daily amended countdown, resistance from 50 day MA. Expected downtrend through Sunday and then...
I am going to try doing things a little differently moving forward. The bottom line is that I have been spending much more time on this each day and seeing too little return in terms of networking and community interaction. The checklist below is what I go through every day. It is a list of my most important indicators in order of importance. There are so many...
Yesterday we examined the weekly chart and noted the strong buy signal from the Stochastic as well as the Tweezer Bottom from last week. I also noted that the RSI had climbed back above 50 for the first time in two months and also pointed out bullish divergences in the weekly and daily OBV . We have also been waiting for a few days on the 50 and 200...
Yesterday we looked at the reasons why I am expecting a $750 - $1,000 pump from the current price level. Today we will look at the mounting bullish indicators and ask ourselves if they are enough to bet against the bear trend. Today is Sunday and we only have a few hours left before the weekly candle closes. We are on a red 8 out of 9 on the TD Sequential...
hi all of my friend here is my new forecast for btcusd ready to enter in proper point
I think we will have the same exact setup for Bitcoin as before. $6000-6500 seems like a steady price for BTC, I will be surprised if we break lower than that.
BTC/USD has lost much and is now once again under the 50 EMA as well as all other EMAs. The prices have currently consolidated and a breakout further below is possible as it's currently under a lot of sell pressure as MACD confirms. It doesn't have a firm support yet to retaliate and go higher. That being said, it's very possible that it will go further below to...
Looking like some viable entries Mid-Term shorts down to $7000 as BTCUSD continues its steady downtrend.
Looking like some good opportunities for short positions on BTCUSD.
From our previous analysis and its updates it was clearly seen that BTC went out of the triangle and now is preparing for the next wave of growth. After it was pumped above Fib 0.786 level the price started to consolidate and now it has bounced back from the mentioned Fibonacci level which is now strong support. Nevertheless, uncertainty about BTC price movement...
Expecting a bullish breakout in BITFINEX:BTCUSD Everything exlpained on the chart.
Let's face it, this is still VERY possible. Almost uninterrupted bull run, volume decreasing, RSI rising too fast. A possible bearish shooting star. I am still a bullish bear, no matter where this goes, if you are smart, you win. ;) Sorry lads and ladies, I can't be all sunshine and daisies.
A daily and 4hr chart analysis. Daily - Bearish day after a bullish rally. Huge historical resistance hit. Possible retrace to 9-10k. Major support at 10k but a retest of 150 EMA, 9500-9700, likely. 4hr - If the Moving averages cross (Red and Green) expect trend reversal confirmation from 90% of analysts, including myself. My only concern at this point is...