LTC, I mabye see a reverse head and shoulder pattern on the 30 min charts. lets see if its plays out. As you can see, we are in a symmetrical triangle, indicating a bullish trend with higher lows and lower highs. So i therefore expect a breakout after bullback. Macd and Rsi pushing down, so i expect a bullback from 152 to about 148 \ 146 soon. Do not take...
After reversing the trend, ETH has made its way back into the resistance zone (650-745). The previous move on the 4 hour chart from 425-650 produced would have produced a nice return of 10-12% to the bottom line utilizing a 1% risk model. What to look for now. More consolidation in the current range between 625-680 on declining volume would be ideal. ...
BTG has had a life of pizza and is at the apex of it all. Looking like a great time to take a long position. Can't be bothered with a proper write up right now. The chart says it all.
Hello cryptonians, nice to have you ,hope your doing well. Let me start by saying the last 24 hrs have been quite exciting and even more so when you have trades in play. The whales perfectly timed a liquidation of a record number of short contracts. When we see the shorts or longs at ATH we can expect a big player to come in and capitalise on the situation, which...
Bitcoin's relative strength is now higher then it was when it was trading near 9000. Relative strength can be a leading indicator and help gain a feel for where price is headed. The break above 8400 puts BTCUSD on course to move towards the 8800 area. Best of luck! All ideas are for informational purposes only. They are never recommendations to buy or sell.*
We are now at the cross roads in Bitcoin, we are either going to substantially higher, or substantially lower. Two major daily trend lines are intersecting and we are approaching the tip of the intersection. Each day that goes by, the space gets smaller and smaller, Bitcoin is getting backed into a corner and HAS to make up it's mind. In these situations, you...
As Crypto markets tighten, many coins are setting up for what would seem an imminent breakout. OMG has tested an upper resistance line multiple times. If resistance line is broken, I would expect an abnormal volume and price increase.
Hi all, In my last analysis I warned you all that BTC could drop down to the 6k mark and hopfully find support. Well, the time where that could happen is now upon us. As you can see BTC has arrived at the crux on my chart being pushed between the short term up trend and my long term bear trend line. What breaks first will signal the next week or so's trend until...
all analysis in the chart. things are looking great on the 4 hour chart. volumes are back. RSI is trending in the right direction. What's stalling this recovery tho is RSI is hitting major resistance around 60. however, the MACD and DMI are starting to show a positive story. lets see where this goes. On the daily we are still trading inside a descending...
Dear Traders, What a ride the last few days. If you were patient and ignored all the FOMO, bear traps and naysayers you scooped up some BTC around 6k...well we proved those #HODLers wrong. Thank you shorts. We scooped up positions around 6k levels at record low RSI and we thought we were going to the moon. Buuuttt not so fast. We all know BTC is hitting...
We like to complicate things with EW, FIB, fractals and more complicated approaches with insane trend lines looking at every possible time frame. At the end of the day the best analysis is the clean and simple. I don't really need to go on and explain whats happening here as it explains itself. Let's just say RSI won identifying the bearish divergence in the...
The current correction is the biggest in the entire Bitcoin history (arithmetic graph) and has already reached 71%. On the other hand, the rate managed to rebound from the blue trend line just above the target level at $ 5,540. The $ 300 was missing so that the price hit the Fibo cluster. From the Elliott wave theory perspective, the price tests the bottom trend...
I hate this comment but down is still in the works.....Please note that a J hook has formed. 1 out 6 indicators is up. A closing candle above the 200 ema would be a good sign to. 200 is resistance. See tomhall BTC updates. There may still be some down.
The PSAR is extrapolated to show its activity against the candles. Each purple line demonstrates the reduction of PSAR to the XRP candles and terminates on each day for the next several days. Think as the PSAR as a fishing event...It is either chasing the bait (Which it has done here), catch the fish (its about to do) and taking line out (once it crosses...
BITFINEX:BTCUSD Already, crypto currencies recent volatility has scared some people to the point of vacating the sector. Dont be one of them. Crypto is volatile. Period. With volatility comes opportunity. This will continue for some time as the market matures. Refrain from hyper trading and be patient with entry AND exit points while being firm with your...
I posted earlier that Ripple was breaking through the top channel and could at worst test the bottom of the lower channel. Since that action I have taken another look at Ripple to provide an update. This chart is a little busy but it is mostly to help cover a question a trader had on my previous post. A clear Head and Shoulders was formed and the neckline...
Failure to clear the hourly resistance line around the RSI 50 level might cause a move lower short-term.