XLMBTC Bittrex Price Analysis
This Coin price is already at Over Bought Zone,
the support level - 1545 Satoshi
The Chances are the price should touch the 2072 Level.
All the indicators lines are towards up..
There are some chances that the market should goes up..
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BTC/USD CMP 12433
4 HR CHART
1) Price structure has a broad H & S pattern bearish pattern.
2) 200 ema breakout is a big negative.
3) Neckline breakout adds further strength to the bearish view.
BTC/USD - Short Call
1) Price below 30 ema in 4 hour chart
2) Price breaks support at 16115 with above average vols.
3) Downward breakdown after a flag pattern signifies BTC an ideal candidate to short.
4h chart - consolidation in progress with a uneven cup pattern formation.
Right side of the cup has a series of HH and HL formation.
Price currently has formed a HL and waiting to spike.
400 plus target is highly possible.
Follow up of my yesterday's 1 hour chart based analysis where a long bias was given at around 4.
Target 5.50 plus
Right Wedge breakout observed with extremely high volumes.
Signifies great momentum based bullish pattern.
5.50 is a conservative target.
Can go further beyond 5.50 close to 7 plus if short term volatility is ignored.