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by Boomerang Capital Inc
Wed Apr 18, 2018 2:02 am
Forum: Bitcoin Discussion
Topic: Bitcoin Update April 18
Replies: 0
Views: 625

Bitcoin Update April 18

Price was rejected again at the zone of resistance from $8.2-8.3k, a break above this level remains critical to begin a real recovery and bullish trend on higher time frames.

Price Action Levels
Resistances - The next horizontal level of resistance we are keeping our eye on remains around $8.3k ...
by Boomerang Capital Inc
Mon Apr 16, 2018 10:56 pm
Forum: Bitcoin Discussion
Topic: Bitcoin Update April 17
Replies: 0
Views: 618

Bitcoin Update April 17

After the massive move up throughout the weekend we are finally seeing price pullback to support and reset its lower time frame oscillators.

Price Action Levels
Resistances - Price wicked above our important zone around $8.3k but then was sent back down below towards support. A close significantly ...
by Boomerang Capital Inc
Sun Apr 15, 2018 11:51 pm
Forum: Economics
Topic: Bitcoin Update April 16
Replies: 0
Views: 2408

Bitcoin Update April 16

Price continues to climb as it approaches a strong set of resistances at $8.3k. Still without any real pullback from the strong move earlier in the week, it would not be much of a surprise to see price fall back into support today.


Price Action Levels
Resistances - Price is up against an important ...
by Boomerang Capital Inc
Thu Apr 12, 2018 11:35 pm
Forum: Bitcoin Discussion
Topic: Market Analysis April 13
Replies: 0
Views: 696

Market Analysis April 13

Game on?
MARKET ANALYSIS - BTC ETH LTC XMR

Today's rally offers a mix of several central themes that we've written about in previous reports.

Buying out of Russia highlights that Crypto as an asset class is so important that it both shapes and is shaped by the geopolitical landscape. The fact ...
by Boomerang Capital Inc
Wed Apr 11, 2018 11:11 pm
Forum: Bitcoin Discussion
Topic: Bitcoin Update April 12
Replies: 0
Views: 646

Bitcoin Update April 12

Price looks to be losing strength on this recent bounce as it is rejected at $7k.

Price Action Levels
Resistances - Moving the fib set to encompass the lower time frame move, we see that price was rejected by the .786 fib at $7k, we see that this will be an important level to break above before ...
by Boomerang Capital Inc
Wed Apr 11, 2018 12:41 am
Forum: Trading Discussion
Topic: Bitcoin Update April 11
Replies: 0
Views: 711

Bitcoin Update April 11

Price creating a set of higher lows with lower highs above, making this a consolidation zone for the time being. Whether we break up or down outside of this zone is yet to be determined.

Price Action Levels
Resistances - There is a small zone of intermediate resistance at $6.9k. Above that we see ...
by Boomerang Capital Inc
Mon Apr 09, 2018 11:58 pm
Forum: Bitcoin Discussion
Topic: Bitcoin Update April 10
Replies: 0
Views: 715

Bitcoin Update April 10

Bearish divergence and heavy resistance caught up to price, sending it back down to support.

Resistances - In the event of a reversal there is a small zone of intermediate resistance at $6.9k.
Above that we see the strong level of resistance created by a fib level and the previous price action at ...
by Boomerang Capital Inc
Mon Apr 09, 2018 3:01 am
Forum: Bitcoin Discussion
Topic: Bitcoin Update April 9th
Replies: 0
Views: 666

Bitcoin Update April 9th

Price is currently being rejected by resistance and heading back down to important levels of support.

Resistances - Price is getting knocked back by a very intermediate zone of resistance at $7.1k, at the moment. This level is created by the interaction of price as resistance in the past. Above ...
by Boomerang Capital Inc
Fri Apr 06, 2018 5:36 am
Forum: Ethereum
Topic: ETH update 6 April
Replies: 0
Views: 1147

ETH update 6 April

In ETH, 358 seems like very strong support on any possible flush lower. The optimal bullish scenario for ETH is for ETH to hold 380 in early April and then sustain a move through 400

Twitter @ Telegram handle: @BoomerCapital
by Boomerang Capital Inc
Fri Apr 06, 2018 5:34 am
Forum: Economics
Topic: BItcoin Daily 6 April
Replies: 0
Views: 1584

BItcoin Daily 6 April

In BTC, the important Gann level seems to be 6500. Even if there is a final flush below that, it would be encouraging if that level held on a daily closing basis. Looking at an intraday chart of BTC (4 hours, top chart), it looks like a five-wave structure is nearly complete that would bring this ...

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