Certainly looks like a good place for a correction. - 200 Day SMA - iH&S measured move - volume concentrated area So a possible correction in 9150 - 9400 range, to continue rally.
For the past 4 years, every "alt season" depicted in this case as ETH/BTC has always begun either early or end of December. Will this market cycle continue in 2019?
No one knows the future, price will most likely not follow this path but it could, just sayin. Leave your comments and your thoughts on what price might do in the near future if you like.
Is Bart going to upset once again or will he be merciful this time?
It is well known that the past isn't indicative of the future but one could also argue that history does indeed repeat itself. Either way, such fractals should at least be looked at. Here we are looking at price action that took place Dec 2018 - Feb 2019 and comparing it to what's happening right now. As you can see the similarities are quite profound. In both...
The current structure looks very similar to the structure in early February 2019 just before BTC went on to a massive bullrun. We're just waiting for the volume spike now. Of course a Bart down invalidates this setup. Good luck!
Good day Traders! Today I present you with this possible Wyckoff Accumulation in progress chart. It seems that XRP is currently in the Phase C or Spring/test phase. Price has been also bouncing off previous daily lows quite well in the past. A few scenarios are possible from here onward: - price continues moving higher from here into Phase D; - a possible dip...
Good day traders! It can be seen that bullish runs since 2013 started off with a very similar cup and handle pattern. Very similar pattern is being printed right now.
Good day traders! As you can see BTC is printing a very similar "cup and handle" pattern from back in 2015 that resulted in the most amazing bull run in recent history. Just like in 2015 price has bounced off 200 SMA line and broke above 100 SMA line. If this fractal continues to play out, a pullback to 100 SMA is possible before continuing the bull run. The...
Every time BTC shorts bounced off this support level, BTC ended up moving lower. What about this time?
Bouncing off major resistance. More downside expected.
This is merely an idea and probably will not happen like this but sure would be nice.
After significant rally GBPJPY is facing resistance. Points of interest indicated with red circles for a possible retracement.
Price testing Daily 200 MA + 0.786 fib resistance
SPX broke through previous major resistance. Should previous resistance hold as support, we could see a test of next significant level of resistance.
SPX is currently testing major resistance. Red box is confluence zone of: - weekly 100 MA/EMA - 0.618 Fib - 0.5 of entire swing low - previous structure support now turned resistance