From the recent weekly low and trading within a wedge there is a possible outbreak towards the previously known monthly level at $2.35 which would be a nice exit if you bough around $0.9.
Currently getting close to the now feel like psychological level of 583.25 colones it seems that its going to reach it pretty soon, about a week. I also expect the level to be rejected and move down to complete the descending wedge. In this scenario I'm thinking the last chance to buy while it is cheap is prior December the 10th. Another possible scenario is after...
It managed to break the resistant level of 8773 USD which was the top of the trading channel and what is an accumulation area.
After passing through the 8506.7 USD weekly level and managing to keep momentum with some high volume transactions it almost gained the previously drawn trend line.
Now it is not clear what it should do but I think it will trade between...
Weekly view indicates that eve after managing to get out of the descending wedge towards the upward trend or a new move could possibly get fire and started, I believe it will just slowly move back towards the 562.41 CRC monthly support level. The key daily level I was looking at this move and hoping that it would in reality be tested and gained was around 583.25...
There is a new move that started for bitcoin. This time it is very volatile and I think it should recover to the previous monthly level of USD 9230 which has been tested twice on July 17th and then the 28th, and then finally lost in the big dump that happened on September 1st.
## Where we are at the moment? Where should we move next?
Moving near the 8500 USD...
It seems that after a month of accumulation everything is set for an upward move to test the 42 satoshis level making almost 45% gain if you are buying as soon as possible. If the price breaks towards the old monthly support level of 42 the next target would be 88 satoshis level talking about the monthly levels. It also shows that 3 different weekly levels are on...
It seems that it was going down and then after my previous post about #LTC I no longer knew or understand what it was heading. It was clear that I was missing something out there and I couldn't see it. I then went back to see the 1 hour chart, 4 hours chart and then decided to jump to the monthly time frame and come back to weekly and then daily. I discovered that...
This is pretty much after it has break the wedge in the upper trend line moving abruptly after to the next resistance level which sits at 19.940. It could test and gain that resistance level explaining why it started moving back. The price for tomorrow is expected to be moving around the 18.3 USD per ounce level.
After testing the bottom of the wedge around 562.5 colones it makes total sense that it will get started in its recovery.
One year ago around August 20th the level was about the same, this has been a common pattern to end the year. The reason behind this has to do with a increase in purchases and more money flooding the economy as the year ends. Many company...
Well #BTC has been moving lately which is way different prior the recovery where its move was basically flat and downwards.
This is a very interesting time to analyze what is BTC currently doing and since my last analysis a lot has changed and even so the previous trend lines have been respected. Now the move seems to be evolving within a wedge pattern but this...
Its been almost a year since it was so low, in the local economy you are suppose to be happy as with less hard earned colones you will get more dollars and given that it is almost 50 colones difference its something like a 10% discount in dollars. From the financial sector that the country benefits the most which are closely related with tourism there is a...
Currently just breaking the wedge and within what I think is an accumulation phase it seems that the next move that #LTC will do is test the monthly level of 0.0122 satoshis. This will be a nice trade if you are able to get aboard just now and hopefully the move will get there, it could also be even greater as it could try to get to the 0.01614 satoshis level...
Bottom seems to was hit at 215 satoshis. It also happened to be the support trend line of the descending wedge. Soon after it was tested and rejected the move directed to the resistance trend line of the descending wedge and its break through it which will probably try to test the old monthly level sitting t 270 satoshis.
The best scenario is that it will managed...
Last monthly support level was around 900 satoshis. After it was lost #LBC has been trading pretty much in a downward direction and mostly not hitting a bottom.
There have been few weekly levels that have been formed and tested out as the moves tried to recover. Currently trading at 180 satoshis, it sits between 2 daily levels recently recorded at 170 satoshis...
In my previous () the move was clearly going to break the wedge pattern and it seemed to me a good buying opportunity for the short term. Now as the previous short move has happened and there is a new move that formed and this time I'm currently thinking of buying for the long term. The next support level sits at 0.0075 BTC which is probably the test level that...
() it was moving within a wedge and I expected to break towards the resistance trend line which indicated a gain in price. It happen but soon after it kept following the trend line downward that formed the previous wedge.
Now it keeps moving within 2 established monthly levels of 3002 satoshis and 2115 satoshis. I just recently added a weekly low support level....
Currently moving downward from the previous 4884 satoshis level and just going below monthly support of 3084 satoshis, there is no visible stop for now.
I am expecting the move will follow the trend downwards as it has broke the wedge towards the support level creating new move, in this case falling strong.
It seems that a test to the monthly support of 2300...
Falling below the support level from the previously formed wedge means that the direction will be down and looking towards the next monthly support level of 720 satoshis. This is a very strong support level and one of the lowest prices in a long time for #XLM. In my opinion it will go and test that support level before recovering to the previous monthly support of...
