Bitcoin may experience a bad fall if it hits this line If this line is broken, it will grow to 64,600
Ignore last post pls, didn't happen, fixed here - not writing a diff explanation cause lazy: Clearly we have already broken through the downward wedge that was tightening us down into a corner, as if it were bring driven by tiny little mad, mad machine elves. Unfortunately we still have to get past the ancient resistance of $105, as well as close the weekly...
Hi, I'm sorry, I'm late to post analysis, it's because of the conditions in Iran, I'm not feeling well to work I think the situation of Ethereum is interesting If it completes the pullback to this line in the weekly time frame, there will be very good bullish conditions for Ethereum and altcoins. If the pullback is 1324, it will be great, but in the worst case, it...
i expect price to sells after retest and buys from the zone it sells to/
BTCUSD is following long bearish trend, broke many support prices in between, and now price near by 35250, acting as support level, and respected twice, might be bullish rally could come at that level, volume looks sufficient to drive price up in huge bearish trend. long position possible at support price, and target could be at least to touch near by...
So there are two main scenarios. This might be one of them. We are in a corrective move now. Finishing the wave C down. And will then continue with a wave 3 which is part of a bigger wave 3 or 5. The later 3/5 wave needs to be checked. I've added some fibonacci ratios, trends to predict areas of resistant. There is a fibonacci time indicator too. We'll see what...
Good day ! Some interesting images: On the RSI indicator with the period of 28 , in classical position the 14th period is situated approximately there, on the long chart, on the daily time frame RSI has drawn ABCDE , but on the short chart a divergence is formed. It surely doesn’t principally mean anything 😀 and it shows only that we are waiting for the volume...
Price testing support of 1.62 area, also below the 1 hour 200SMA. In a small range right now, price consolidating. A break to the either side can be traded, if the break is impulsive with a string candle. Stop can be placed behind the latest swing. Have a good trading week!
First long then short, targets are above. Trading is your own risk, those are my opinions and guess.
I see a bullish run finished on the next 30 - 40 pips and then we can expect a bearish movement until 110.300. This could be the formation of our Right shoulder. Let's wait for candle confirmation to enter a short trade.
BTC short VS ETH long idea Whenever ETH touches 0.1 , BTC gets all emotional. Add that to the fact that BTC hasn't completely finished consolidating after it's pump and you get what I've outlined here. Based on last nights' observations, there are some whales with deep pockets who are very interested in keeping ETH price stable above 0.09 and I see them...
eu is at an important level. breakout must be happening, up or down. i suggest the break to the downside because of the corrective pattern in which it is now. Rather fast move down is likely to be a new motive wave down to 1.07 - 1.05. Watch the corrective wave for yourself. Wave counting is not brilliant, actually not a 5 wave diagonal, but an 3-3-5 abc move....