anedjai

anedjai

The FTSE showed signs of a bullish divergence with the price showing a lower low whilst the RSI indicated a higher low. With the candle after that closed above our support line and a continuous bounce back from support, we could expect the false breakout below this support line to materialise into a great little bull run.

anedjai

BTC failed to break below the parallel channel and we have bounced back. We can spot a slight bullish RSI divergence and we will have to see how we react when nearing the 50 EMA. If we pass that, I expect some resistance at the spotted line just above.

anedjai

As you can see, BTC has been trading in this upward channel since our big drop to 6k. We are now trading on the bottom edge of this channel. Breaking this would mean we would find our first support at 10.2k as shown in the dashed horizontal line. This is based on this area seeing a lot of support/resistance action over the last few weeks. The next line of support...

anedjai

Cable is trading in a consolidated manner and it is nearing the upper resistance of the wedge which is also the cloud of Ichimoku. The 200 SMA is also at the point which could reinforce the upper wedge line to act as resistance. With further uncertainty in regards to brexit, and wall street expecting 4 potential rate hikes by the Fed, the fundamental factors could...

anedjai

BTC bounced back from the area that was just above the major log downward trendline as well as a key resistance area which was determined by the previous recent high. Looking at our upward channel that we have been in since the major drop to 6k, I believe BTC will continue falling in the very short term until it touches the bottom of the channel which also aligns...

anedjai

The euro is trying to break through the 1.23367 resistance line. Weakening RSI and failing to break through this level could mean that the euro tumbles to 1.20704 which was the previous major resistance. Italy's decision in regards to how to deal with the hung parliament will be a huge catalyst. Furthermore, with uncertainty growing and the USD losing steam due to...

anedjai

Enigma is showing signs of reversal with the price consolidating towards the end of the wedge as it is trading around the first key support line (now trading slightly below). We can also spot a bullish divergence with the RSI which could mean that the sellers are losing strength.

anedjai

Bitcoin is consolidating towards the end of the rising wedge. It may hit the previous resistance at around 11.7k. Furthermore, with a hidden bearish RSI divergence and falling volume, this could be a textbook short.

anedjai

For a short term view, using the 15min chart, we can spot a bearish divergence with the price showing a higher hight but a lower low on the RSI. We can expect BTC to drop to around 11260 or 11240 based on the horizontal support which has already been tested twice.

anedjai

ICX showing a bullish divergence with a lower low against BTC and higher low on the RSI. Furthermore we are nearing an important support line.

anedjai Updated 

Gold forming an ascending triangle with its battle along resistance as well as showing higher lows. With the USD declining, yields rising and inflation numbers (somewhat) positive, it looks like gold could be a great long based on fundamental and technical analysis.

anedjai

Bitcoin showing a falling wedge pattern against which could point to a bullish reversal.

anedjai

S&P 500 testing a major support level

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Looking at the biggest drawdowns in BTCUSD from 2012 we can see how a correction always follows the second, steeper support.

anedjai

BTC hitting the support on the previous support on the log chart which is also the 61.8% Fibonacci level. Have a look at the RSI and where it is in comparison to previous support levels. I don't think the breakout is imminent considering the market is fearful but i think it will be moving sideways for the next few days. Keep your eyes peeled.

anedjai

BTC is testing the 61.8% support at around $7800. This was previously tested on Feb 2nd and you can see how this led to a breakout with the huge volume. We are seeing another test at this previous bottom today on this 4-hour candle chart, with another big volume bar although not as big as the previous one.

anedjai

The appearance of several head and shoulder patterns would reinforce the idea that the current pattern will follow a downtrend. We could see the current BTC price going down further and potentially test the 200 MA price which is around $8000.

anedjai

QTUM/BTC is showing a falling wedge pattern that could be the beginning of a reversal upward. Keep your eyes on the price movement. I set a price alert at around 0.00148000 BTC. QTUM is a great project backed by a solid team; this might be a great entry point.