Cardano is forming a descending triangle. If the price breaks to the upside with volume, it could be a potential long opportunity.
Ethereum is forming a bearish rising wedge and is displaying bearish divergence on the RSI. Usually this happens when the price increase is starting to slow down after a big uptrend. Typically, the price will correct to some degree. Since this is in ETH/BTC, the price of Ethereum may still go up even if it does not go up as fast as Bitcoin.
Bitcoin has dropped significantly in the past few hours. However, when the price falls that quick, there is likely to be an oversold bounce. In fact, the RSI is displaying bullish divergence and the price has broken out of the parallel channel. In addition, the high volume might indicate a reversal and the start of a new uptrend, though it wouldn't be a bad idea...
In the past 10 months, the price of oil has gone up a lot. In fact, it did a whooping 66%! Sure, there may be fundamentals behind it, but nothing can go forever, not without retracements at least. Although, I don't know what the price of oil will in a year or two, I do see two major signs that point to, at the minimum, a temporary correction. 1. Rising Wedge ...
Although the price of Bitcoin is still rising, the rate that it is rising is slowing down quite a bit. That is seen in the MACD and RSI divergence along with the rising wedge. In addition, the volume is starting to die down again. These factors suggest that there is not quite enough buyers, and Bitcoin needs some sort of correction before continuing its bull...
Bitcoin seems to be forming an ABC correction. In that case, Bitcoin is still missing the fifth wave of wave C. Also, Bitcoin broke downwards out of a symmetrical triangle and is now forming a rising wedge.
Tron is forming a rising wedge and is showing bearish divergence on both the RSI and MACD
Bitcoin appears to have completed five Elliott Waves and is exhibiting bearish divergence on the MACD and RSI. In addition, the volume is only mediocre. These factors lead me to believe that Bitcoin will experience some sort of short term correction. Note: The lower bound of the key resistance area is based of the bottom of wave 4 plus the height of wave 1. The...
Due to the explosive nature of the price action and the huge volume, it appears that Bitcoin is forming a set of impulse waves that could be the start of a new uptrend. Bitcoin is still missing its fifth wave and will likely test 8500-8600 region, the major channel resistance from the past two months. However, on the shorter time frame, it appears that Bitcoin...
Bitcoin is forming a symmetrical triangle. As the price is being squeezed, the volume is declining. Soon there will be a breakout or breakdown. A move in either direction will likely signal continuation for the next few days.
A possible Elliott Wave count indicates that Bitcoin may have a short term bounce soon. It is completing the final 5th wave. I targeted just above the 3.618 Fibonacci Extension for the fifth wave. If the price starts to level off at that level and shows bullish divergence on the RSI or MACD, it could be time to trade a short term bounce.
BTC is about to complete a five wave impulse down. It is only missing the last two subwaves. I guessing that wave 5 will reach the bottom of parallel channel around 8200. After five waves, there is a correction. I simply took the 0.382 and 0.618 Fibonacci Retracement. Trade 1 (short): Open: 8440 Stop: 8550 Target: 8250 Time Frame: within a day Trade 2...
Cardano has reached under 15 RSI on the 4hr! The price went down too quickly too, so it likely see a bounce before continuing its downtrend (if it even does). Also, Cardano is forming a falling wedge and showing bullish divergence on the MACD. Bitcoin right now is looking like it may be the bottom, and if Bitcoin bounces so will the alts.
Bitcoin is currently in the progress of an ABC zigzag correction and still is missing a fifth subwave in the C wave. The fifth subwave, based of a 1 to 1 Extension of the first subwave, should reach at least $7500 or lower. After this low, Bitcoin will likely rally to at least $13,000 according to Elliott Wave Theory. Bitcoin would be starting wave 3, and wave 3...
See chart; will do more detailed ta later. Open: $8490 Stop: $8705 Profit: $7710
EOS just broke out of a huge falling wedge and is now forming another smaller wedge. There is not one, but two bullish patterns! My previous prediction is probably going to be wrong about EOS making another low, but I still stand by my long term target of $23. Entry: $7.5 Stop: $6.5 T1: $8.7 (time frame: within two weeks) T2: $23 (time frame: up to 6 months)
BCH is currently forming a giant falling wedge. Inside the larger falling wedge, we see a smaller falling wedge. A falling wedge is a very bullish pattern. The price goes down as it flushes out all the sellers. Moreover, the fact that the price decrease is getting less and less every dip means that there are not more sellers joining in. Without sellers, the price...