Bitcoin just crossed over first ATR line and changed it to the green (long signal 1/4)
RSIOMA signal line changed to green (long signal 2/4)
RSI line is very close to the middle line (neutral signal 3/4)
Heikin-ashi Smoothed changed from red to green (long signal 4/4)
3/4 Long signals
1/4 Neutral signals
Short-Term Market side - Bearish
Medium-Term Market side -...
I believe my forecast posted in the 4 hour chart of min $6,399 will hold a closing 2 hour candlestick or 4 hour candlestick above this min. I don't think my other forecast posted with the 4 hour chart of $7,384 will (see posting of 4 hour chart for how I arrived at these calculations). The Fib lines I've inserted appear to be working well which I think gives...
Bitcoin has broken its down trend and has now formed an inverse head and shoulders.
I would buy a break of the neckline around 9018.
I would target the 61.8 fibs retracement of the whole move this coincides perfectly with a major support/resistance zone at the whole number 13,000
XRP/Dollar is showing a rising wedge reversal and it hit resistances a couple of bars down which indicates massive downward movement towards the next support level (1.12 to 1.15 support zone)
Hopefully this will retrace and show momentum to the upside again but cryptocurrencies can be extraordinarily volatile especially cause of the new years and future technical news.
Interest in this market
Broke through massive area of resistance meaning a change in sentiment to the upside
clearly seen support in this level (Horizontal black lines)
Price showing a struggle to breach meaning big buyers are in this area
Pin bar at support Opportunity for Bitcoin cash to rise
In the cryptocurrency world where speculation is king, technical analysis most of the time is our best friend.
Here is a simple scenario where XVGBTC touched the 61.80% retracement level, possibly a big resistance. A nice opportunity to enter, aiming to the 161.80% extension level.
(You can set up stop loss a few points below 78.60% level - where I find this...