profzigzag

profzigzag

Interesting fractal forming, price approaching key level.

profzigzag

Tether transfers from the treasury to Bitfinex exchange and vice versa mapped on $BTC price chart for August 2018. Transactions can be found at: omniexplorer.info

profzigzag

- good reaction off lower parallel support - price to encounter resistance in the form of descending trend line + FIB levels - target resistance at upper parallel of descending pitchfork formation - bounce invalidation is a break below lower parallel (blue)

profzigzag

As price approaches indicated key levels, depending on price action at those levels, appropriate action will be determined.

profzigzag

I believe this chart explains BTC price action very well. The levels indicated have been absolutely spot on. Refer to this chart when making your trade decisions. Happy trading!

profzigzag

Approaching interesting level. A break above resistance at (2) would likely send price higher towards (3). Lower trend line (1) is support.

profzigzag

Greetings Traders! NXS moving in descending channel formation. Initial support level is the lower parallel + 0.5 line, just below that 4H 100 EMA + 0.618 line, even below that is the 4H 200 EMA. A good reaction at these support levels could indicate a possible LONG entry. Resistance is the upper parallel. Nexus is a very exciting project with a capable lead...

profzigzag

Greetings Traders! REQ is quite an ambitious project that could end up being the next PayPal. Immediate support is at (1) which is the blue rectangle + 1H 200 EMA, a breach of this support level would send price down towards the next expected support level of intersected lower parallels at (2). Resistance is at upper parallel (3), a brake above this level...

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Greetings Traders! Price retraced after hitting resistance at (1) as expected. Previous lower parallel held as support. (2) is key support, a break below would send price towards the EMAs, if support holds, further movement higher expected.

profzigzag

Greetings Traders! Bitcoin is forming a large triangle pattern. A big move is expected depending on whether resistance at (3) or support at (2) is broken. Brace yourselves.

profzigzag

Greetings Traders! Litecoin testing support at previous trend line and 4H 100 EMA, just below that is 4H 200 EMA + lower parallel, a breach of these support levels would indicate further move down. Should these support levels hold, further move higher is expected towards upper parallel. A potential wave pattern completion could be on the cards as well.

profzigzag

Good day Traders! Ethereum bouncing off upper parallel resistance at (1). A break of support at (2) would send price further down, in this case I would be looking for support at EMAs, fib levels and support levels marked (3) and (4). A break of resistance at (1) would send the price even higher.

profzigzag

Greetings Traders! Bitcoin bounced off upper pitchfork parallel resistance at (1). 100 and 200 4H EMA is immediate support, should they brake, next support level is expected at lower parallel (2). Resistance is still upper pitchfork parallel at (3).

profzigzag Updated 

Greetings and happy new year Traders! Bitcoin is currently testing support at (1), a break and close below (1) and (2) would indicate further move down. If price stays above (1) and (2), likely move is up towards expected resistance first at (3) then (4). A break and close above (4) would send the price even higher.

profzigzag

Good day Traders! LTC still in downward trend. Key level is (1), a close above this level would breach the upper parallel of downward pitchfork and create a new higher high, indicating a likely further move up. Should resistance at (1) hold, further move down is expected towards support at 4H 200 EMA.

profzigzag

Greetings Traders! Hope everyone enjoyed their Xmas. BTC broke through median line, about to make a higher high, currently testing crucial upper parallel and 4H 100 EMA at (1), a close and break of these levels would likely send the price further up. Good luck trading and happy upcoming new year!

profzigzag

Greetings Traders! BTC finding support at 0.5 retracement of previous bounce. A close and brake of 100 EMA, 200 EMA and upper parallel at (1) would change the path to bullish. For now price is still confined within a descending channel formation with support at lower parallel (2).

profzigzag

Greetings Traders! Depending on price reaction a possible LONG entry could be on the cards soon.