Bitcoin broke below the $3,600 support (on Coinbase). It’s now testing the prior order block between $3,580 and $3,540. Should this break down decisively (4hr candel opening and closing below), I believe a drop to $3,400 will become likely. Looking at the 4 hour chart, we can see the 8, 21 and 55 day EMA’s…
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Bitcoin broke below the $3,600 support (on Coinbase). It’s now testing the prior order block between $3,580 and $3,540. Should this break down decisively (4hr candel opening and closing below), I believe a drop to $3,400 will become likely.
Looking at the 4 hour chart, we can see the 8, 21 and 55 day EMA’s are converging with the 50 and 200 day MA. The Bollinger bands are also bottlenecking. This suggests a larger move may be coming in the next 24-48 hours.
In today’s video analysis I discuss where price may be heading next, traps to avoid and so much more.
Dash (Poloniex: DASHBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Dash began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Dash should be heading next towards the September 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe Dash is currently in the red wave three (blue sub-wave
I’ve been shopping (again). I like to publish these posts so that you can see if I follow my own advice or not.
This is a rather interesting shopping excursion…
From http://www.pexels.com
Funding the buys:
I finally have some fiat available for crypto, but as is said in “BTC – Trade the channel” it’s all still sitting on an exchange locked up in buy orders – none of which have triggered yet. Thank you very much recent BTC price spike.
I have no intention of raising the prices of my BTC offers. Yes I am DCAing back into BTC, but it’s a modified DCA
I haven’t done a CargoX post since I posted this one from my phone while on vacation in early January.
It took me quite a while to remember that I published that directly on Steemit (I’m not even going to attempt to use WordPress through an old phone), I was looking everywhere on my TIMM site for it!
Regular readers will know that I am a big CargoX (CXO) believer. Search the STEEM blockchain for “bitbrain cargox” and you will see… Today I just want to remind you that it is still alive and well and that it is very very cheap!
All
Ark (Bittrex: ARKBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ark began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Ark should be heading next towards the September 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ark aims to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly
The US market has made the significant rally that was expected off the lows. The target was always the 200 day MA for starters and last week this target was essentially reached. I did not think it would happen this fast and this straight of a line, but the market doesn’t care what I think.
We are now overbought on momentum and I believe THIS AREA is where the continuation of the trend will be decided. ‘‘Tis very possible to chop in between the 2650 and 2800 area for multiple weeks. I believe the best case for the bulls is some
For those who maybe missed my previous post about LITECOIN lately, just tell you that in my opinion there is no other big crypto showing better indications of REVERSAL than LITECOIN.
Actually, Friday’s BITCOIN rise was first leaded or noted by LITECOIN. LITECOIN showed the path and the whole market follow the trend.
Today, LITECOIN seems to resume the upwards trend.
Looking for a feasible EW-count we may have the following scenario:
Assuming the last rise as a (iii)rd wave, LTC seems resuming the movement upwards, building now the (v)th, everything ascribed within a 3rd bigger wave.
Conservatively, if we assume that waves 1
I have complained over and over again about the tricky 2019 Fib levels. Well I went out and did something about it – I found them.
Yesterday I made it very clear that BTC was in a channel and that it should be viewed diagonally to make sense of it:
“Hear me clearly when I say this: BTC is not using horizontal support and resistance levels at the moment; it is using diagonal ones.“
That post dealt with a broad channel. Today I want to dig a little deeper into the levels. I want to show them to you.
I actually found the levels some
Bitcoin has managed to hold onto most of it’s gains over the past 3 days. As of writing this, $3,600 is acting as support once again. Volume has slowly dropped off as many are waiting to see if this was a bull trap. Looking at the daily chart, we can see price found resistance right…
Read on Trybe
