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Technique poster: Triangle is a sideways movement that is associated with decreasing volume and volatility . So, the descending triangle in btc looks like form. Seems to be really, we have 3 touches in support. And a possible upward response. Its time to take a position.
Don't feel too much bullish about EOS despite hard fork it has. But in the end, all depends if current support at 3.7-3.75 will push price up, or let it through. Bouncing would be a very good signal for new uptrend and even if not, it will still be able to get to 3.88 - 3.97 - 4.05. If break down, next support at 3.55 should bounce the price.
Triangle is a sideways movement that is associated with decreasing volume and volatility. Descreasing volumen Descreasing volatility
outside bull chance this is a bull flag. although the RSI and Stoc seem more bearish. Nvt reaching the green pleace line is a few months away USE CAUTION
waiting for more confirmation, this could go south mainly looking on higher time frames break up out of this triangle? obviously bouncing in it hoping for a break up, hold/consolidation in this resistance channel would be bullish could signal a break above this lil top out just no break below 9K i guess plan accordingly definitely could
It is time to short EOS till 3.64 or lower 3.54. Most bearish scenario, in case of BTC dump, is that EOS will fall to 3.27-3.33 support.
Litecoin which always starts before any alts is giving out a good sign that Bitcoin dominance should take a breather soon, I am not 100% sure whether we will see 1000$ dump to do that but even staying in this sideways range for a couple of days will allow alts to start pushing. Best to start with the one who always pumps the best!! All Hail Litecoin
Buy Area: 10600-10800 Stop-Loss: 9800 Target 1: 13200-14000 area Target 2: 16000-17000 area Good Luck!
I pulled out 90% pnl, felt good and am looking for an entry to relong. We hit the 233ma on the 1hr, small probability we will dip to 10580-10,390, and even smaller probability we will dump. Overall trend is etremely bullish we have a wavepm cross on the 4hr and CCI is positive on 1hr and 15min. Wave-pm is overly compressed on 1hr, ready to make some moves VFI is...
Would love to see green play out, but really think it might take the red path...
Current outlook is still bearish until bulls show some real signs of life(most likely at support around 162USD. I wouldn't be buying until price gets to that region. Using Bitmex's chart only cause Bybit's only goes as far as early this year. I only margin=trade on Bybit now and if you wish to make the switch for less slippages and to avoid system overloads, you...