ikc7979

ikc7979

Possible break below a HS pattern, selling pressure on the EUR given current situation in Europe. Should maintain downward trend

ikc7979

Oversold on 4h chart with bearish divergence, stuck at trendline and resistance at key level 1.05 + 0.5 fib level. Bearish action on Weekly and Monthly charts

ikc7979

trend change on 4h chart and possible daily.

ikc7979

LONG

ikc7979

Long opportunity, provided the fed maintains an Hawkish approach to the rates.

ikc7979

Confluence of support with visible rejection on multiple TFs.

ikc7979 Updated 

To start off this little essay I'd like to start off with a disclaimer - I'm no visionary and unfortunately still incapable of exact event-prediction, therefore this analysis is a pure digression through my thoughts and an exposition of ideas and my current bias in the whole crypto-sphere. I've grown to become a believer that Trading Analysis without a...

ikc7979

Stochastics have crossed down on the 4h, there's still plenty of room for a move down until it reaches an oversold region. There's hidden bearish divergence on the RSI, a spike in sell volume (as a trend starter) and an obvious H&S pattern that could take us below the 7k region.

ikc7979

Assuming start of wave 3 bullish - first breakdown of the wave 3, should involve a retest of falling trendline (10500), test the 9500 as support, then break above the TL and move upwards to above 12k

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Gartley Pattern on the 1h TF - Resistance at TL, 0.382 fib level, hidden bearish divergence on RSI, decrease of buying volume and PA pointing to reversal of price. Short.

ikc7979

NANO seems to be forming an ascending triangle as part of a reversal pattern from the recent downtrend. There's been a visible decrease in selling volume the past few days and a sudden recent increase in buy volume (continuously increasing on the 4h time frame) that may be indicative of a trend reversal on its way). It's safe to say that a buy at the touch of the...

ikc7979

Bitcoin appears to be forming a Head and Shoulders pattern on the 4h TF. If the Right Shoulder does manage to finish forming then a break below the neckline would trigger a sell off down to the 8k level. Short biased for now.

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Bitcoin had a very impulsive downtrend yesterday bringing prices below the 10k level. We've seen the support at 9500 being tested twice already and the resistance at 10k being retested once so far. The first rejection of the 1st test of the 9.5k level was enormous, but easily explained by the equally enormous red candle that preceded it. Profit taking occurred at...

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NEO formed a tweezer bottom/bullish harami on the daily time frame. It's also broken a major trendline, having closed above it and retested it as support on the 1h time frame. If this bullish advance is confirmed (requires a break and close above the 0.0103 level) then we should see a rally up by NEO within a rising wedge which will culminate in a correction. The...

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On rejection of a major Trendline resistance, XLM has formed the left shoulder and head of a Head and Shoulders pattern on the 4h TF. The right shoulder has already reached its peak (assuming trendline holds as resistance) and on break of the neckline we should see a downward move of a minimum of 12% on XLM trading against Bitcoin. For now keep an eye for a move...

ikc7979

Ethereum is still correcting. It appears we're on the 3rd leg of an A wave. There will be an opportunity to long ETH at the 0.5fib for the B wave, followed by a last C leg down to the .786 level.

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LTC is behaving in corrective waves pretty much since it hit binance. First ABC finished with a 5 wave impulsive C, but thereafter we're witnessing 3-3-3 corrective waves all the way up to the top that was hit recently. We're currently reversing trend from a double bottom and I expect price to come back in a 3-wave structure to previous ATH (this should be a B...

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EOS currently in a little consolidation zone. It's testing previous major support as resistance. The previous 4 daily candles are heavily bearish with extremely long wicks to the top (shooting star yesterday). If price breaks downwards off from this consolidation zone then it'll first head to the 0.5 fib level where it will find resistance and more likely bounce...