ppedad

ppedad

There were already many failed attempts to break the 1.3188-1.3193 resistance to go further to the upside. The larger perspective is still bearish, but we have a very nice opportunity for a correction wave. My idea of a long is CONDITIONAL to a right shoulder formed as drawn, on the basis that this is an inverted head and shoulders formation. Waiting for the...

ppedad

This is the moment everyone's been waiting for. Price has been consolidating in a sideways above the middle bollinger, and has been building up the momentum for this decisive break in the upward direction. Next target 40-42k. Hopefully by then the masses will back this up and see us through to the next bull run. But let's take it one target at a time! Especially...

ppedad

Following another pump after yet another BTCUSD dump after more FUD, we can see that the bears are running out of steam, and it's very apparent that large limit orders are lined around the 30k region. Moving forward, I'm looking to see more bullish divergences building up in the M15, M30, H1. We had a critical break of bear trend line. But as we all know, price...

ppedad

Yesterday we came quite close to 35k, and in reference to my previous analysis, it had rebounded as predicted. Currently, there's alot of FUD going on that BTCUSD is going to retest the 27k-28k lows. Volume is currently very low, and if so, it's going to be a stalemate of bulls and bears waiting for each other. With that in regard, it's really alot to do with how...

ppedad Updated 

The first scenario of an upward continuation after the breakout of the downward trend after a small retrace didn't happen. So now, we look at a Scenario "B" which is that price will come down to touch the trend line before taking off in the upward direction. Looking at the height before the previous fall, looking to target the 36-38k area. This touch of the...

ppedad

After several bullish divergences leading to short rallies, we have the longest divergence on the M30 very recently and just another one that should appear once this candle closes. This is a significant break of the recent lows. Even if a down spike occurs today I believe it will be just a bear trap. This is way too many bullish divergences in close proximity.