hmborges

hmborges Updated 

After consolidating for almost 3 months, Bitcoin broke the resistance formed by the narrowing of the MIMAS 17 (pink) and 72 (orange) and has thrown a strong move to the weekly resistance of the $11750 area. Now, we can see that the price is resting above this resistance and the green lines PV72 and PV305 are aligned below the price giving nice support to...

hmborges Updated 

Chart is giving signals that the trend will continue upward. Assuming a breakout of the handle at 4.06 the target of the Cup and Handle pattern would be 5.13.

hmborges

Seems that Bitcoin got enough power on the accumulation phase to release a new wave. This time, aiming to target the 11800 - 12000 region as a local target, which is a PVPC resistance and also matches the 1.618 Fibonacci projection based on the last wave. The Santo indicator shows that the bandwidth is becoming large which means that the trend is gaining...

hmborges Updated 

Once the Phicube MIMAS 144 and 305 (pointed by the red arrow) started to be displayed on the chart, the probability of the downtrend continuation increased. The Santo Indicator shows that the MIMA 34 (light blue) has enough power to hold that downtrend as well. So, I believe that the price is going to make new lows, aiming to target the $5750 area which is a...

hmborges

After the pension's reform approval in the Brazilian Congress, the price of the pair FX_IDC:USDBRL reacted in favor of the tropical country and is showing some signals that it's aiming to test the previous lows, around 3.64 Let's see how it'll progress...

hmborges Updated 

Dadas as informações que temos até o momento, acredito que o preço do dólar (USDBRL) está indo para a zona dos 3.5 Reais (BRL) e de lá continuará sua trajetoria de queda para a regiao dos 3.10 que é o target da figura de ombro, cabeca, ombro que se formou no grafico. No caminho, a zona dos 3.30 pode se mostrar um bom suporte, e eventualmente, segurar o preco por...

hmborges Updated 

After the pump on April 1st Bitcoin formed a bearish wedge along with a bearish divergence on the RSI that leads the price to break it down and started accumulating on the 5k zone. The bulls tried but could not manage to break out the 5.2k zone, and this way, failed to make a new top, which makes me think that Bitcoin price needs to retrace more in order to have...

hmborges Updated 

Seems that some whales are accumulating this coin since December. I do believe that the price will retrace to the support zone, then, continue climbing.

hmborges

The chart speaks for itself.

hmborges

Since ETH lost the support around 0.068 and the 200 days MA, I think that is going to test the important support of around 0.047. In the past, this support also was an important start for two run-ups! I'll watch it patiently and if this support well holds the price and nice volume come in, I'll possibly enter in a long position. So, keep your eyes on it and...

hmborges

Since the 100 days moving average was lost, I believe that Bitcoin is going to test the 200 days moving average, around $7800, that also matches with the 0.618 Fibonacci region. RSI and Stoch indicators show to us that the price is a little oversold and makes me believe that it will pump at least until 12400 zone. As the future unfolds, I'll update this idea.

hmborges Updated 

I'm not a pessimist on Bitcoin, I really believe in the technology behind it and in the disruptive power that it brings to the economy and society. But, every market needs some time to rest and to make new money flow. I believe that an eternal run without corrections is not healthy for any active, stock or crypto... TA: We are facing a Momentum Divergence on...

hmborges Updated 

Chart speaks by yourself.