While all the turbines with Bitcoin possibly dipping down to 8K, I see Request and Majority of the Market tanking down, for the time being, We may see a recovery near the end of the month of January.
Since it introduced, REQ was is in a bullish trend. End of December '17 it went in an exponentional bullish trend from 0.00002107 to a ATH of 0.0007220 on 6th of Jan this year. Since ATH the market is in a corrective bearish trend. Support between 0.00004200-0.00004300 is being tested last couple a days and holds, but it failed to make higher high's. Expected that...
As can be seen on the chart, price action is approaching a support zone among the trendline, 49d ema and horizontal support. If this holds i would be looking for a rebound to the top of the triangle, with a stop just under the support zone.
Request is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the whitepaper...
Request is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the whitepaper...
Request Network is a decentralized network which allows anyone to request a payment (a Request Invoice), where the recipient is able to pay in a secure way and all the information is stored in a decentralized authentic ledger. This results in cheaper, easier and more secure payments and allows a wide range of automation possibilities on top of it. Check out the...
Update to our previous REQBTC analysis, previously we had an ABCD retracement which has now turuned into an expanding flat and looks ready to go. This is the completion of Wave 1 and 2 and rwady to move into our largest 3rd wave for this first cycle. Trade still valid and running, no stop loss hit, target still valid. Great long term investment which about to...
Sine Line shows how REQ cycling around. There's a lot of "something" for Req till March already known. So I guess this shoulda beat previous highs in February. BINANCE:REQETH BINANCE:REQBTC
The .5 Fib from last wave up align with the only non squared up candle on this chart. This market is still bullish to me. Easy buy. Either sell @20% or HODL for that big move.
Reversal signals have shown up on the last days and the uptrend can restart in the next few days
The previous time we hit an all time high we had a very similar regression trend and bullish flag form, noted here: i.imgur.com Set your sells between 7400 and 7800 satoshis in a range for optimal profit from the next surge. Important note: If this doesn't happen in the next 6 hours it was a false flag.
This is a typical three drives pattern forming, next drive will pass 7000 sat
Did this TA a few days ago when I wasn't sure which path it would take, look like it's on the downtrend path. Expect a fall soon.