Gold has been declining since mid February and the 1,346.79 High. If this pull back has been purely technical then the important test on the 1W chart has arrived as the price is on the Higher Low region. What is more interesting is that last time Gold tested a weekly Higher Low on a similar pattern was in December 2017 and the rebound was so strong that gave way...
Pattern: Bullish Megaphone on 4H. Signal: Bullish after the price rebounded exactly on the Higher Low. Target 2,930 (projected Higher High).
Pattern: 4H Rectangle. Signal: Bearish (Double) on the 4H Resistance and 1D Resistance. Target: 2.9000.
The 1D MA50/ MA200 Cross (Golden Cross) is about to take place and you are still wondering how to trade it? Well the last time that happened in July 2015 following the previous bear cycle's bottom, Bitcoin pulled back by around -35%. Then the price rebounded towards a Death Cross (1D MA200/ MA50) that made it consolidate before a new (and final) Golden Cross that...
Cryptos have a habit of repeating some patterns over and over again. Ethereum is no different. I took a closer look to Ethereum's bull market and in particularly 3 fractals which all appear to share a similar candle action to ETH's price volatility from October 2018 to date. Initial price drop, high volatility (consolidation) with an obvious Resistance and then...
Ok apart from the humorous title, what I want to make clear on this chart is that Bitcoin has entered the final stage before the lift off. Before every low is higher than the previous. Before the new bull cycle essentially begins. How that happens? Well for starters we can, with a high degree of certainty, say that the bottom is in (priced on December). The...
Pattern: Rectangle on 1D. Signal: Scalping as long as the pattern holds. Target: Buy Zone at 5.7670 - 5.7630, Sell Zone at 5.8250 - 5.8355.
Pattern: Ascending Triangle on 1D. Signal: Bullish since the 1.0890 Resistance broke upwards. Target: 1.1000 (lower 1W Resistance).
Well you can't say you weren't aware that today's red candle was coming. All the signals were there and I tried to put them into context for you: Either with the 1D RSI - or - The 1D MA200 Today is no different and I have another indication showing why I am waiting to buy more lower ahead of the new bull cycle. On the 1W (weekly) chart, the RSI reached...
The similarities between the 10 September - 15 November 2018 and the 01 February 2019 - today price actions are more than visible. There is a very high chance of the pattern repeating itself is the 630.000 Support breaks. The target would be 365.000 where long term investors can buy again for the next bullish leg.
Pattern: Channel Up on 1W. Signal: Bullish on the 57.000 Support and the Channel's estimated Higher Low. Target: 77.000 (the 1W Resistance level).
Pattern: 1M Ascending Triangle. Signal: Bullish (1D Support). Target: 3.8200 (1D Resistance and 0.5 - 0.382 Fib level).
Pattern: Channel Down on 1D. Signal: Bearish due to the squeeze of the Falling Wedge (dashed lines). Target: TP(1) 1.81990, TP(2) 1.81500 (within the 0.5 - 0.382 1D Fibonacci levels).
There is heavy Resistance from the Lower High trend line on 1D (bold dashed line). If broken to the upside, a -0.82% high from the previous top may be made. The target on this scenario is 1.1353. If rejected, it should test the 1D Support at 1.11815. *Notice the 4H Channel Up pattern that resembles the one during February. This supports more the bullish break...
Pattern: Channel Down on 4H. Signal: Bearish after a Lower High rejection today. Target: 11,855.70 (4H Support). *Note: If 11,800 breaks, the 1D Channel Up can technically reach its Higher low at 11,620.
After my last BTC idea on a possible 30% pull back attracted extremely high interest, I decided to post yet another analysis showing why a pull back at this stage is much more likely than an extension of the uptrend. Based on a fractal comparison with the 2015 price action during the accumulation stage after that cycle's bottom, we see that the price crossed...
Well don't blame me about the recent spike. You were warned on March 5th when I told you to buy at 4.226 on a perfect fractal recognition and target 6.500. Well ETC took off right after and touched 8.000 even! Another perfect fractal has been spotted from the 2017 kick start of the bull cycle. Bullish break-out, then Channel Up with clear Highs and Lows and...
Every time DOGEUSD retraces below the 0.382 Fibonacci level after a 1D bull run, it pulls back completely, filling the gap 100%. Why should this time be any different? The bear market on DOGECOIN lasts longer than the average crypto market anyway, so I am expecting 0.00200 next and then a rebound to 0.00300 for the new top.