One good guideline is that a strong trend line should have at least three touching points. Trend lines with more than four touching points are the mega trend lines and you should be always prepared for massive price action. Finding confluent support and resistance zones is important and helps with identifying high probability setups for safe entries. Descending...
From my personal perspective - ETH most likely will try to bounce off a bit from $50-$60 long term support slope but even this will fail to hold resulting in break down causing even more, unprecedented pain. Remember - the best levels tend to stand out from other, the less obvious ones. Realistically - it could bottom out at around $10-20. Long term though, for...
Somewhat experimental. Volume is an extremely useful tool, and as you can see, there are many ways to use it. Expecting a high volume outbreak within the next 24-48 hours.
Bitcoin has just broken down from the rising wedge . On this chart we have potential Elliot Wave count - likely an expanded flat correction - ideal buy zone would be around 3962 - 4050 (retest of W4 / major Fibonacci extensions and zone of interest according to volume profile). Wave behaviour can be predicted by applying the Fib tool on the latest swing low and...
Made for observation and study purposes. Likely to be understood by only a small number of people. Here we have geometric structure based on time and price Fibonacci ratios. Connecting these ratios into angular lines helps us to determine in which point price will likely find support or resistance. Knowing the vibration allows us to understand phases and the...
This is my last idea for XRP before it hits $1.00. Unfortunately both of my previous XRP ideas got invalidated given that Bitcoin - went far below the yearly support amid hard forking and "hash wars". Moreover - Bakkt has postponed their futures contract launch - factor that will encourage institutional investors to stay on the sidelines longer. Sadly but XRP is...
Chart shows current linear structure of Bitcoin. Currently approaching intermediate - term supply resistance. Break above it will likely result in some bullish momentum and 4K retest. However, should the demand fail to cover the supply - this will let the price to retest lower TR levels or make new lows.
During the recent BTC sell off XRP has fallen the least of all the top 10 cryptocurrencies. It is holding well above recent lows and it seems that demand is strong. Potential scenario here is we go for wave 5 inside of what appears to be an ascending broadening formation - short term target would be %61.8 or around 61 cents - Fib level based on the impulse from...
Another potential scenario for XRP. Price is currently developing in massive bullish pennant which qualifies as a continuation pattern - being formed after a sharp advance in price that occurred in September. Current conditions can also be described as re- accumulation phase (Higher lows after pumps thus sign of strength) which usually serves as cause for future...
Looking forward for ETH to break up the downward sloping resistance as shown on this log chart - this should result in major move to the upside probably up to 350-400 (short sellers will see an absence of long term supply (resistance) - which will cause an additional demand as they will start covering up) where the price should be met with strong resistance. Major...
Price is approaching potential resistance level at its symmetrical triangle pattern . The triangle spans $0.056 to $0.090 (the resulting rally could be of the same height). These patterns tend to result in trend continuation however, within the given price range it appears that an inverted H&S (embedded pattern) is forming so from my experience it has a better...
Platinum, also known by the nickname "Rich's Man Gold" hit strong support level that caused major trend reversal in 2008 (demand zone) as well as 1.618 Fibonacci extension based on prior wave down below the crucial support. On the daily TF it can be seen that potential inverted head and shoulders pattern has formed or is in the process of forming - aka bullish set...
Made for observation and study purposes. This is one of the most fascinating charts I have ever created. Markets are geometric in design and function, therefore, I always tend to stick with geometric principles and not limit myself to using straight lines only. The following chart - is concentrated on time study. You will be astonished to see it in action. I...
This chart provides with confluent support and resistance lines (parallel channels) that are based on multiple intersections and commonalities so these are the ones that will affect the future trend. Remember - the best levels tend to stand out from other, the less obvious ones. Therefore, these confluent diagonals can be very powerful for finding high probability...
An overview of Gold with fib angles. Medium term expectations for TVC:GOLD are bearish. Hopefully more than just art.
These are fairly not good times to invest in social media stocks in my opinion. Giants such as NASDAQ:FB and NYSE:TWTR continue to lose interest. The reports of decline in users on social media platforms have very negative impacts on the stock price. The expectation of the user is very high now and quality is the best business plan. There is room for all these...
Made for observation and study purposes. Connecting price and time into angular support / resistance lines provides us with so much invisible data. Not only fundamental aspects are driving the markets - but there is a whole numeric structure (geometry and ratios) that vibrates the market and governs the future trend.
After longer study on larger time frames my own assessment suggests that there is more down for BTC to come. NVT ratio (Bitcoin's NVT is calculated by dividing the network value (market cap) by the the daily USD volume transmitted through the blockchain) suggests that Bitcoin is currently overvalued and needs to cool off a bit, market capitalization is not looking...