Hi guys, here you can find a short term BTC/USD analysis on a 4h timeframe.
What I personally see now is an ascending triangle formation between a static resistance, which is 10'000 USD, and a dynamic support, which comes from the lower side of the upward channel I have drawn in black.
Now, I think that before testing again the upper side of this channel we have...
Pair: Ethereum/US Dollar
Exchange: Bitfinex
Pattern: Inverse H&S
Time Deadlines:
5/18 SELL POINT
5/27 BUY POINT
6/07 SELL POINT
Heavy resistance in the 1000 USD zone
Expected accumulation zone: 800-875 USD
This is an update of my previous idea .
As you can see we are drawing what seems to be a bull flag, which could lead us to the strongest area of resistance, the one between 890 USD (0.5 Fibo) and 980 USD (Head's target and 1000 USD psychological level).
In addition, the MACD shows a bullish crossover and the RSI crossed the neutral line.
The previous targets are...
Hi guys, this idea is focused on ETHBTC trend analysis. While studying the behaviour of the most popular crypto pair, I noticed something interesting when I combined Cycles with Pitchforks.
As you can see, ETH uptrend against BTC began on the 7th of December and ended approx on the 1st of February, so I took this time frame as the unit for the following...
Short-term analysis, as a magnification of the bigger picture I posted here .
After the rising wedge's (1 May - 7 May) breakout, prices has dropped by nearly 14% from the breakout point.
Prices found support at a short-term upward trendline, defining in this way a channel with a price range of 22-23%.
ETH will find HEAVY resistance in the 840-870$, when crossing...
