The consolidation flag may decide the future evolution of BTCUSD. Our scenario is bearish, short open interest is increasing suggesting a continuation of the dip. Targets are given in the chart, final target must be in the 5200 area, though a greater extension may be expected driving price towards 4900-5000usd zone.
One of my fauvorite tools for managing BTC supports and resistances are Fibonacci levels. Moreover, setting BTC targets is not a hard task when Fibos are properly interpreted. There is a high correlation between the last bearish/bullish wave before a low/high and its Fibos, with regard to the next highs/lows to be achieved. Looking at the chart, we see the last...
Bitcoin Cash is about to confirm a head and shoulders pattern, with the loss of 1225usd it's very likely to drop to the minimum target (700usd) or even reach bottom levels.
There are many signs of a potential reversal very soon. The trendline meets some fibo projections at 5800 zone, it’s likely to have a bounce from that level. This bounce may not be very significant at first, but it may take price to 9000 zone in the mid term. Decrease in volumen and bullish divergences in many indicators support this idea.
We are getting close to a high resistance zone in 7600-7650 area. Short term bearish wedge and midterm downtrend line converge, and the loss of momentum is obvious too. A drop is very likely to happen, targeting 6800 zone which wasn't reached in the last drop and it's needed to fulfill fibos and a healthy retracement.
BTC may be facing the last bearish wave before resuming the bullish trend. As seen in the chart there is a clear trendline (in log scale) which has been a clear support for previous dips. Moreover, the bearish trendline from highs in December was broken in April, now we are doing a pullback in order to retest it again. Indicators are oversold and fibos show 6800...
With big releases to come during this month (v2.0/Marketplace) RLCBTC is perfoming very well during last weeks. Cup and handle pattern just being confirmed. We see a big potential growth from current levels, we could see it around 65k during this month.
In our analysis posted in January 2018 regarding BTC cycles, we forecasted a general retracement by first half of march. This condition was accurately fullfilled, and it was also preceeded by a drop until the first week of february. Doing a follow up of this idea, we are now inside another 2-months cycle, which should take BTC to lows during the second week of...
As BTC starts recovering XMR is being one of the first big cryptos to start another bullish rally. It has just released a buy signal in ATR indicators, so it can go to third target in a couple of weeks. Targets are 245usd, 296usd and 370usd (this means a +70% from current levels)
After breaking the down trendline, it heads up to critical levels such as 0.0020 and 0.0022
If we see a 1 year chart of BTC/USD, we can see that the pattern that has just taken place has been repeated twice in the last months. First, a big dip occurs (panic), followed by a steady period of consolidation, prior to fall back to even lower lows (absolute panic). Then price recovers and rises again. And moreover, this pattern is repeated every 2 months...
We may not see that breakout until BTC does a reversal, but EOS will outperform it with clear targets. Trade whatever EOSBTC or EOSUSD
Fibo extension, downtrendline and target for the sideways move (which has been broken downwards) provide a target in the ultrashort term of 7800-8000k
After the airdrop adventure and final dump, this undervalued coin has many coming releases and potential. Buy if it breaks 250k level, first target 340k.
Just see the chart... the horizontal volume says it all :). Get more from: Telegram: t.me Twitter: @CaerusEminence
MANA is inside a consolidation pennant in hourly chart. Should it’s broken, price could go rapidly to 1.87k and then 2.48k