BTC/JPY - weekly Analytics + Altcoins 07.10.2019In our last review we assumed a possible turn, formation of the bottom and possibility of finding new points for the purchase.
At this stage there is a confirmation of the end of BTC correction as a form of false breakdown at the level of 864600 , with further impulse development.
Generally, the corrective movement in the form of three triples looks like formed and we expect the continuation of the global growth phase.
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Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH, SAN , IOT )
The points of emerging minimums from 22.09.2019 have not been worked out, but we still consider the most prospective coins at this stage are LTC,ETH,EOS
and soon the formation of lows will not make us wait long.
FXBTCJPY trade ideas
BTC/JPY - weekly Analytics + Altcoins 07.10.2019In our last review we assumed a possible turn, formation of the bottom and possibility of finding new points for the purchase.
At this stage there is a confirmation of the end of BTC correction as a form of false breakdown at the level of 864600 , with further impulse development.
Generally, the corrective movement in the form of three triples looks like formed and we expect the continuation of the global growth phase.
-----
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH, SAN , IOT )
The points of emerging minimums from 22.09.2019 have not been worked out, but we still consider the most prospective coins at this stage are LTC,ETH,EOS
and soon the formation of lows will not make us wait long.
BTC/JPY - weekly Analytics + Altcoins 30.09.2019We observed the accumulation in BTC from 27.06.2019 to 23.09.2019 and it has ended with a false breakdown. Price reduction is still continuing.
We still believe that we should pick up points for the purchase, as the main movement from 16.12.2018-26.06.2019 is the pulse.
At the moment, the local situation looks attractive for finding purchase points from the alleged false breakdown 7800-level. We will be checking the situation in its development.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
At the moment, in our estimation there are no entry points for them, most likely they will appear during
forming BTC defining points.
BTC/JPY - weekly Analytics + Altcoins 30.09.2019We observed the accumulation in BTC from 27.06.2019 to 23.09.2019 and it has ended with a false breakdown. Price reduction is still continuing.
We still believe that we should pick up points for the purchase, as the main movement from 16.12.2018-26.06.2019 is the pulse.
At the moment, the local situation looks attractive for finding purchase points from the alleged false breakdown 7800-level. We will be checking the situation in its development.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
At the moment, in our estimation there are no entry points for them, most likely they will appear during
forming BTC defining points.
BTC/JPY - weekly Analytics + Altcoins 23.09.2019At this stage, bitcoin is continuing its consolidation regarding the global impulse movement.
As for local consolidation, the corrective movement is coming to its end here
The withdrawal of price in the area of 11000 is quite real. Generally, the situation has not changed and expectations remain valid, we consider here the end of corrective movement.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH, SAN , IOT )
At the moment we assume the most prospective coins are LTC,ETH,EOS, they were described in our past forecasts
they have completed their nascent impulse movements and as we reckon they will continue their growth after small corrections.
BTC/JPY - weekly Analytics + Altcoins 23.09.2019At this stage, bitcoin is continuing its consolidation regarding the global impulse movement.
As for local consolidation, the corrective movement is coming to its end here
The withdrawal of price in the area of 11000 is quite real. Generally, the situation has not changed and expectations remain valid, we consider here the end of corrective movement.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
At the moment we assume the most prospective coins are LTC,ETH,EOS, they were described in our past forecasts
they have completed their nascent impulse movements and as we reckon they will continue their growth after small corrections.
BTC/JPY - weekly Analytics + Altcoins 16.09.2019Bitcoin is continuing his consolidation to the upper limit of resistance.
Generally, situation has not changed from our last review. We still expect growth to be continued and we consider this consolidation as a temporary stop
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
The coins that were considered in the previous analysis show good potential for their growth . At the moment
EOS shows the greatest power; thus, we will monitor the situation in its development.
BTC/JPY - weekly Analytics + Altcoins 16.09.2019Bitcoin is continuing his consolidation to the upper limit of resistance.
Generally, situation has not changed from our last review. We still expect growth to be continued and we consider this consolidation as a temporary stop
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
The coins that were considered in the previous analysis show good potential for their growth . At the moment
EOS shows the greatest power; thus, we will monitor the situation in its development.
BTC/JPY - weekly Analytics + AltcoinsBitcoin is continuing the correction as part of narrowing volatility , that's to be expected to fight off an upper limit of the resistance. We still believe
there is the formation of long positions by large players in present narrowing. Therefore, we do not expect deep corrections and we will continue to monitor these developments very closely.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
At the moment we assume the most prospective coins are LTC/USD, ETH/USD, EOS/USD as we would say they have formed a false breakdown.
BTC/JPY - weekly Analytics + AltcoinsBitcoin is continuing the correction as part of narrowing volatility , that's to be expected to fight off an upper limit of the resistance. We still believe
there is the formation of long positions by large players in present narrowing. Therefore, we do not expect deep corrections and we will continue to monitor these developments very closely.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
At the moment we assume the most prospective coins are LTC/USD, ETH/USD, EOS/USD as we would say they have formed a false breakdown.
BTC/JPY - weekly Analytics + AltcoinsAt the moment Bitcoin is in global corrective movement in relatively to impulse that is formed from December 17th 2018 to June 26th 2019 ."Rapid"
structure of this movement gives rise about the same fast continuation of the impulse.
At the moment investors' sentiment is on pessimitic points and it confirms that the movement has corrective structure that obtained its beginning on 26st June 2019 and lasts till now.
We think that proving points need to be expected in order to forme long positions in Bitcoin .In case of high variability in correction waves the prediction seems impossible in this strucute.
Now you can highlight the diagonal resistance that is formed by the peaks 13728,13186 and 12320 .This resistance will be core for the coin.If price go
under 9000, the situation needs to be observed in development.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH, SAN , IOT )
These coins are highly correlated with bitcoin . in our opinion they are in the final phase of the correction movement,
in the future we will consider each instrument separately when prerequisites for the purchase will be formed.
BTC/JPY - weekly Analytics + AltcoinsAt the moment Bitcoin is in global corrective movement in relatively to impulse that is formed from December 17th 2018 to June 26th 2019 ."Rapid"
structure of this movement gives rise about the same fast continuation of the impulse.
At the moment investors' sentiment is on pessimitic points and it confirms that the movement has corrective structure that obtained its beginning on 26st June 2019 and lasts till now.
We think that proving points need to be expected in order to forme long positions in Bitcoin.In case of high variability in correction waves the prediction seems impossible in this strucute.
Now you can highlight the diagonal resistance that is formed by the peaks 13728,13186 and 12320 .This resistance will be core for the coin.If price go
under 9000, the situation needs to be observed in development.
Altcoins:
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
These coins are highly correlated with bitcoin. in our opinion they are in the final phase of the correction movement,
in the future we will consider each instrument separately when prerequisites for the purchase will be formed.
Trend reverse bullish to beaarishprice chart:
-we have a bullish trend that failed to make a higher high, it signals the end of the bullish trend. SIGN OF A DOWNTREND
- we have a double top pattern which is a bearish reversal pattern, it occurs at the end of a bullish trend. SIGN OF A DOWNTREND
RSI:
-we have a triple top formation (bearish reversal pattern) after an uptrend. SIGN OF A DOWNTREND
-the RSI indicator broke from above to below 50. SIGN OF A DOWNTREND