Falling Wedge - BTC is making a falling wedge pattern after making 5 bullish waves up, this is nearing completion along with the elliot waves within
Waves - BTC is nearing completion of its fifth wave down, each bounce up so far has had bearish divergence on the RSI, with the exception of this last wave, which is showing bullish divergence on both the RSI and...
It looks like BTC is forming an H&S pattern! we broke the downtrend resistance weeks ago! my target right now is 7.7k to conclude the right shoulder.7.7 k is a really strong support as there is a confluence of resistance and support of 3 different fib level and different time frame. all the targets in this chart as you can see are all confluence of more Fibonacci...
VIB yet again showing me why it is my fav coin to trade. Another good gain last night/this morning for a 13% profit taken. It is now retracing sharply again and nearing my buy zone. Will be watching closely when it enters this purple area. Starting around the 61.8% fib level.
Trading with fractals is extensively used by the large market players and it is the best indicator of the fractals’ reliability. The combinations of fractals have such characteristics as self-similarity, scaling and memory of the «entry conditions», and, therefore, they can be used successfully for making price forecasts.
I don't think this will play out in the...
TRX seems to have been rejected again at the resistance at the 860 area. I am watching very closely for a pull back to the trend line for another entry or if it does break up a potential entry above the previous structure.
I have been trading TRX the past week or so with some good results. On the 30 min time frame it seems to have formed a possible Elliot wave and started the ABC correction. I have now shorted my position at the above 4 hr resistance and will be looking for a lower entry at around 800 sats or slightly lower on the trend line.
Watching very closely!
. MONERO/BITCOIN is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
There is a possibility of temporary retracement to suggested support zone (0.0235 to 0.0224). if so, traders can set orders based on...
Money Flow index is similar to RSI but I feel presents more buying opportunities, however it's hard to use RSI and MFI to decide when to sell reliably - however making 1% profit per day (on average, don't try to force a trade if the RSI and MFI is high, just wait until it is low) can be done with this method and adds up over time.