BTC where lies its reversal?So if we look at the past for a trend reversal we see bitcoin has to drop a bit more. Looking at it's current trend. I expect it will reverse at around 5300 mid november latest.
We shall see.
Trendreversal
Possible ETH Double Bottom (DAILY) w/Fib TargetsAssuming ETH catches support here at the projected (fib based) bounce zone, it could be setting up for a nice double bottom. If so, I've set some target goals also based on fib retracements. For the crypto world this might be a longer swing trade.
I would SET STOPS in case it fails support here. In that case I would be looking for a bounce at the next inverse fib target.
BTC accumulation progress, big play !Do you see it? The wealthy are buying bitcoin with every possible dip... this is a pattern which occurs in a trendreversal before a bullrun. I am lighlty panicking with my alt positions as well, but I still do have about 25% present... And when it is confirmed I go in with leverage on the top coins from the moment the first peak occurs. The awkward feeling is a good thing, and I am buying with every dip low cap alts. Possibly there will be 1 major dip, which will be bought within the hour, perhaps when volume goes through the roof.. you have 1 chance of catching a falling knife ! And then you know it is for real...
How do you feel? Quite unsure? Good !
PS: The chart on the left is now, the chart on the right was before the bullrun last quarter 2017
Looks like ETH has hit bottomEthereum's price action looks to be bottoming out at a psychological support of $430. Heiken ashi is showing a possible trend reversal in the next few hours. While from our oscillators we have a divergence from MACD and a much stronger one from RSI. Bollinger Bands are also showing a weakening trend by price consistently failing to hit lower band. We very well could be in for a trend change on ETH. As a trader, I would recommend waiting for a more confirmation such as price breaking the upper resistance band on high volume or MACD to cross center line. Either way, rest of the day looks green for ETH if it can maintain current support level.
AEM - Continuation of UptrendCo has declined 48% since peaking in Mar this year and has been turning up on the SMA 13/26.
Supported by the recent resistance turn support at 1.17 after breaking above with high volume, expect the uptrend momentum to continue after the current consolidation.
Next resistance at 1.32, stop loss at 1.16.
Tianjin ZX: Continuation of UptrendSMA 13, 26 crossover indicate potential reversal from the downtrend and starting to trend up.
Recent correction provide an entry opportunity to ride the uptrend.
Immediate resistance at 1.23, next resistance at 1.30. Stop loss at 1.07.
TF T&I XXVIII Chart IV Trend IndicatorIn NFLX we can observe by using an Exponential Moving Average with 26 days lenght (EMA 26) that the stock movement has been on an uptrend, until last week when it reversed toward a downtrend
Synereo trend reversalWe could possibly see an upward trend starting on BITTREX:AMPBTC with a daily close above or around 2100.
We found support in the same area as December all time lows and had been sitting there for the past week.
RSI has been oversold or close to it for the past 2 weeks, and is moving upward but not spiking.
MACD will confirm a bullish signal line crossover heading towards the centerline with a daily close positive.
There will also be an upper bband breakout and a possible 3 white soldier set up in play if the we close green.
Volume has basically bottomed out, so I would like to see an increase to confirm the reversal.
If we close above or around 2100, with decent volume, I think we could reach ~2500 the following day testing recent resistance, before we continue the upward trend by this weekend.
DOGE Long OpportunityThe same to Doge like other recent chart analysis we made. Falling wedge and ready to breakout after a volume increment in the following days. RSI downtrend and price downtrend already started an uptrend and RSI at 37. Just a little bit volume will begin the rally.
Entry Zone : 39 - 43 sats
Potential Targets :
Target 1 : 46 sats
Target 2 : 51 sats
Target 3 : 55 sats
Target 4 : 59 sats
Target 5 : 65 sats
Target 6 : 72 sats+
Good Luck.
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GE - Ready to star an uptrend?GE has been in a downtrend path for all the 2017 and 2018, most of the time even under the moving average 50 days (blue line), and the price just once tested the 100 days trend line (orange moving average).
Today, the stock is closing almost with a +8%, after the company announced his plans to spin off its health-care business and sell its participation in the oil-services company Baker Hughes.
Maybe is too early to say the downtrend is finished, and the company still faces some risks in the short term, as some expected downgrades in his credit rating, and his recent reality after it was removed from the Dow Jones.
From the technical analysis view, there are some key elements: A) possible double bottom formation, around the $12.75 area, and B) a possible MACD bullish cross in the daily graph (left).
Before to go long, I will wait for some confirmation signals for the next days, such as: 1) keep price action over today GAP ($13.5); 2) price action over the moving average 8 days (green line); 3) golden cross between 20 and 50 days moving average; and lastly, but not least important 4) stay above the long-term trend, the 200 days moving average!
A POSSIBLE, BALANCED TRAJECTORY FOR ETHEREUMWe all want to determine start and finish of the cycles, bullruns, bear markets, etc. I can say this is a quite objective approach and a very likely follow up for Ethereum, especially with the steadiness.. quite comparable to BTS, which made an example already of a more bullish scenario.
We have to see the outcome of BTC of-course, but in time which is a very important factor as well, we are consolidating volatility is steadily fading. Hope for a trend-reversal soon!
GBP/JPY Technical analysisThe GBP/JPY has been constantly forming a bearish flag and extending its downtrend.
Now the pair has again formed a bearish flag.
As per our analysis,once pair the breaks out below the trend line,we can expect the downtrend.
On the contrary,if it makes a bullish crossover above the resistance,we can expect short covering from the bears.
EURAUD possible fallMonthly rejection on the resistance level. The big shadow candle gives a good opportunity to sell on the resistance zone.
Looking For Retest On Broken SupportBullish power since Aussie open. Looking for a failed retest of the broken support to confirm trend reversal.
BTC Potential IHSBitcoin has lost a lot of momentum in his move down. If we don't see a retest of the resistance soon, we will see a move up! This would verify the IHS, the IHS-target would be ~6800$. Reaching this price level would mean a breakout of the local downtrend.
I am opening a long here, looking to take profits at every individual fib retracement. The 0.382 is my main target here.
My stop-loss is right below the resistance at ~ 5950$
BitcoinCash (#BTC): possible trend reversalJust TA!
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
AKAM potential downtrend aheadWe have seen AKAM in an uptrend for almost a year. Important price level/supply zone at around 78.00-78.40 seems to still have an important role.
Of course this needs to be confirmed on lower timeframes and last higher low needs to be broken first.
[EUR/USD] Clear 1.15 rejection; possible long opportunityPrice is showing a significant rejection really close to the 1.15 level.
This might form up a double bottom in the trading session tomorrow.
What might happen
> Trade opportunity / trend reversal
NZDCAD reversalNZDCAD moved to the downside in a very clear channel and has now broken out with some strong green bullish bars. My bias shifted to long so I'm looking to get in to the upside.
Take a look at my previous idea where you can see I called is early and made a great run/profit.
BTCUSD almost going to bounce back?It looks like the end of a huge equilibrium pattern. Could it be the end of the downtrend that started 12/17/2017? What do you guys think?
break-out of the triangle postponedAs most people are bearish on bitcoin, I am quite sure it will go up from here, or at least around the 8000 usd level. If we can see previous indicators, it all points to a consolidation where most topcoins are literally obliged to make some action, and more probably to the upside. The falling wedge is not yet invalidated, as a bounce of the pennant is still possible as a lower visit within the pennant. On the longterm we have in time even passed the pivot point which indicated a reversal. We are nearing a very very important point of decision. I cannot believe most people are willing to sell at this time, only if you're a daytrader perhaps.
I'll be posting other TA on topalts, which look even more bullish, especially XRP and TRX.
BTC - silence or storm?Hi Guys!
We are back with the new view and new charts.
It is not a secret we are in a corrective downtrend. How deep can we fall?
There is more than one answer.
First of all we have a super big support at 6000$. We call it profitability level below which, miners simply don’t earn money. We won’t go below that level. We vastly described why in our previous analysis. You will find it down below.
Moreover we have long term support which is currently at around 6900$ level. We shouldn’t go below that.
So what has to happen to break the correction tunnel?
First of all we have to break 1st target which is at 7700$ level . It would mean we are out of the B tunnel – goooooood. OK but what next?
We are still in A downtrend.
Once it is broken we have a chance to move forward breaking our 2nd point/level which will be at around 8100$ . Once broken for good we are more likely to follow the pattern 1-5 of Elliot’s Wave.
8100$ is also breaking point of the longterm trend. Look at the chart below the analysis.
According to the Weis Waves there is significantly lower volume on both sides – supply and demand.
It looks like stabilization.
Remember after such a massive drop there will be fast recovery. Look at the historical peaks and bottoms.
So guys keep observing BTC and of course our profile.
If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution!
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HUGS!
WBM Team
An alternative scenario : Basic EW bullish count !Hi,
For some obvious reasons, I continue to think we are in a krach, BUT market is always right so here is my alternative scenario considering the breakout of the downtrend line is not a bulltrap. This is a basic Elliot wave counts doing in the rules (waves rules, and fibonacci's retracements), DON'T take care of the timeframe.
In this case 7500/7600$ area could be a strong entry point for long term positions on BTC.
Cheers.
You can see my primary count in the link.
