The resting period (mentioned at my last post) is about to conclude and the upper line of the flag will be penetrated soon, as depicted in 4h chart. The next price objective (and probably the last major movement of current trend) would be ~21700, which probably will NOT occur as sharp and fast as previous ones, for so many reasons. Going toward 21700 takes time...
Prepare for Stagflation in Global Economies See Chart for details on TVC:SILVER price forecast. Multiple bullish Technical patterns forming in silverprice. Falling wedge to push Silver into double bottom then to become extremely bullish. Lots of fundemental support being established for Silver.. Expecting a monster rally in FOREXCOM:XAUUSD soon as...
Reasons for open position. 1. Recent pump was unable to close above significant resistance @ $7400. 2. Consolidation significantly below recent high. This analysis is invalid if a 1hr candle closes above $7400.
The trend of Bitcoin never stops to intrigue me and I am equally surprised that no other author has made any TA on this possibility. In this case, let me be the first to break the news to you. Recent price action suggests that we might see a Head and Shoulders (H&S) pattern formation like the one I have illustrated by end of the week. To understand why I said...
Hello, my fellow traders! The massive profit-taking that drove price from 7150 to 6360 certainly took us by surprise just as news about SEC delaying their ETF decision broke. Bitcoin's market value was robbed of $9 billion in less than 24 hours. Well played is the word I would use to describe those who orchestrated it. Like I said in my last post, the bears...
Huobi has announced the listing of Verge (XVG) as a trading pair against both Bitcoin and Ethereum. There was a price surge earlier as the trading pairs go live. Given the overall crypto market bearish sentiment right now, we might just get an opportunity to enter this trade at a lower price. Buy: 0.0000025 or near Take Profit #1: 0.00000319 (27.6% Gain) Take...
Hello, traders! It must come to you as a surprise that Bitcoin is declining following a "fakeout" (false breakout) from a bull flag. As a matter of fact, I am more surprised that price has managed to stay above $8,000 for so long. Bitcoin was never supposed to hit $8,506 in this round but it did. Maybe the media played a part in it. However, I am more inclined...
BITFINEX:BTCUSD "The chart speaks louder than words" Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time. Sentiment: Bullish Price target: $6300 Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article...
BITFINEX:BTCUSD "The chart speaks louder than words." Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time. Any thoughts on technical analysis of BTC are always welcome in Comment Section. If you find this article useful then do consider a like. Thank you....
I am strong bearish on this. I strongly believe that Musk is unable to steer a big company that has to deliver for shareholders' long-term profit interests. Even if production problems might be sorted out (what I doubt), car competitors are ready to unleash their potential without making the costly efforts TESLA have incurred over the years. Cup+handle formation...
Currency Pair: BTC/USD Time Frame: 1day Price Forecast: Max 10.1k~10.2k. Special Moment: It will probably hit 10k at the 4th instant, 9 a.m (UTC Time)!! Predict Direction: Long . So, it's a good news that BTC is going to hit 10.2k.Already who have bought it in 8.8k, surely it's a very good news for them indeed! There will be some Upward/Downward change in...
Looking at BITB, it looks like there have been 5 waves completely since it began trading. After the completion of the 5th wave, it retraced back to near the end of wave 4 which is an indication that my count is correct. From here we have completed the first and, what looks like, the second wave of this new impulse wave. This is in synchronised with most other...
ETC is finding support along a trendline which has acted and support and resistance since mid 2017. This support conveniently comes at the bottom of wave (2) which also formed at the bottom of wave 4 of lesser degree. This respects Elliott Wave Theory further by being the 0.618 retracement of wave (1). There is a resistance line from the 20/02 high to the 27/02...
It looks like NEO is following Bitcoin’s price action here. The price seems to be finding support along the downtrend channel (dark red dashed line) and it’s also approaching a short term support level from the 06/02 and 25/02 lows. From my wave count, it looks like we could have completed wave ii of wave 3 of larger degree, which usually leads to a large impulse...
Hello guys, I'm sharing my trading idea for waves/btc price movement and current trend analysis. As seen in the chart, the price has finally broke out of the down channel after making correction from December highs. Waves platform is also offering BCH airdrop by February 22 which might also cause a decent surge in price. I'm expecting a pull back from here till...