BTC failed to pierce through the resistance at 8700USD and turns it into support; but got rejected instead -- showing persistent market weakness. Previous attempt at a short-term bullish trade did not execute. Now, BTC have broken through support at 8031USD, with clear sign that it has turned into resistance. Coupled with the strong bearish signs from my ...
Expecting ZRX to retrace back downt to the 61.8% level, then continuation upward? Will need to continue to monitor the various indicators, especially my momentum/acceleration/jerk {MAJ} oscillators. Analysis performed using some of the indicators and signaling algorithms I have developed. Cyber Ensemble (Bullish/Bearish Signaling script) PRISM...
Speculatively speaking, I'm biased towards BTC moving higher. TA wise, I will want to see it break through the 8684USD resistance first, and show that it finds support over the next candle or two before making an entry with suitable stop-loss set. Related post: (Oct 8) BTCUSD short-term bullish I typically use the following two indicators to help pick...
Provided that BTC finds support, closing above the channel for the next candle or two. See also my earlier longer timeframe analysis (25Sep19): My earlier 22Sep19 post, successfully predicting the massive BTC dump 2 days later.
Bitcoin ready to fall lower in the short term, after a bit more sideway movements? The PRISM oscillators look slightly bullish though, with the momentum in the positive, however, the acceleration/jerk ribbon looks to be losing strength. PRISM Relative Candle Volatility & Directionality Index (RCVI/RCDI) CYBER ENSEMBLE FUSIONGAPS V4 {50/15-Series} (Local...
PRISM Momentum significant in the -ve. PRISM Acceleration/Jerk ribbon looks to be heading up, so we might see a minor bounce possibly back to 8950 USD, before getting rejected down to the 161.8% retracement level at 7295 USD. The recent dump was anticipated in my earlier chart analysis: 22Sept19
See earlier published chart for possible targets: 19Sept19 14Sept14
Just playing around with a crazy wild assumption of past patterns repeating themselves. :P
Presently BTC remains within what I consider a no-trading zone. In my view, BTC may drop below 10kUSD again, to around 9400USD, before bouncing back up to 10200 USD level. If BTC does drop below 10k USD again, will look at the PRISM momentum oscillators again at lower time scales + IchiCloud, before deciding if I should cost-average in to accumulate more BTC at...
PRISM (Red/Green) -- Just triggered Cyber Ensemble (Purple/Blue) -- 2 days ago. FG-Divergence (White/Gray) LIVIDITIUM V4 -- Dynamic conjugated Golden Ratios Levels + MA-lines and built in pivot/reversal/bull/bear signals. BTCUSD fails to hold above previous middle support at ~10.2kUSD, and now retesting it (as well as the 50 EMA) as resistance. Price...
Provided that LTC holds and finds support over 0.0065 BTC on the next 1D candle.
Entering trade if breakout above resistance level strongly, or show signs of finding resistance level as support (see details in the chart). Price have already broken cleanly out of the descending channel. The FG-Divergence "buy" signal triggered, hinting that we are entering a bullish phase. Need to wait for the "buy" signal from PRISM Signals to trigger as...
Green "B": from PRISM Signals (my Buy/Sell strategy script based on pSAR-based oscillator set, with its own modified-RSI/StochRSI and Momentum/Acceleration/Jerk oscillator) Large Green "BUY" signal: Generated from LIVIDITIUM V4 (bundled set-of-indicators script based on price interaction with dynamic levels constructed based on mathematical conjugation of...
To retest the upper resistance level. Will it be able to break through and find support? Longer term trend still looking somewhat bearish. However the longer BTC stays within the upper half of the descending triangle, the oscillators will gradually evolve towards looking more positive on the longer term as well.
No trading zone. Bearish Biased. Waiting for a clear confirmation either: Breaking up and finding support on the current upper resistance line, Dropping back down but finds support at the 9300USD yet again. Dropping below the 9300USD support level. Dropping below the 9300USD support level, retests and fails. Breaking up through the...
PRISM's pSAR-based RSI looks to be reset on the 3hr timescale, but not yet on the 1D timescale, hint that there is still a bit more downside to go. BTC expected to fall to 9176 USD support in the short term. If it finds strong support there, will expect it to bounce back to 10788 USD (61.8% on the PDF dynamic Fib-level, hidden here) and at also where the top...
See text in chart for details. Looking even worse for ETHUSD. Also note squeeze in stdev-bands.
Bitcoin reached about previous predicted level, after "Bear Pivot" signal triggered in LIVIDITIUM signaling script. However, PRISM oscillators still looking weak + PRISM's pSAR-based RSI still have same way to go before resetting. Expecting BTC to drop further to ~8400 USD (200 ema) if 9400 USD (100 ema) support fails to hold, which is also where the level2...