There are alot of patterns possibly in play. We need to see how the volume goes because it may prevent this inverse H&S and result in a large bearish wedge. We have support from 4k to about 4075 area depending on the exchange your looking at. We have a fib line right there also but dont forget we have the our 50 day moving average pushing down on the price and...
So i see what everyone is saying but not sure the volume is showing me the same Also to many ppl are seeing this pattern Wating for better confirmation could go either way at current time There is also a bullish divergence playing out that would confirm this possible pattern Not comfortable with any decision at the given moment. We have seen h$s patterns not play...
We seem to have a diamond pattern showing. Diamond bottoms are farely rare and are similar to Head and shoulders. Here is some information regarding diamond patterns below: Diamond Chart Pattern Definition A diamond chart formation is a rare chart pattern that looks similar to a head and shoulders pattern with a V-shaped neckline. Diamond chart reversals rarely...
This was a decent move up to push through some of the areas of resistance recently created. The 100 day ema and ma seemed to put up some good defence for the time being. Definetly need to see more volume to test the 200 day ma/ema but time will tell. Facts are this is still a down trend and unless i can see the 4k area broke again and the some of the higher ma/ema...
Until i see the 3630 area broke and close on at least a 4 hour candle this is still bearish. Be careful in this area! Currently my eye is on the 3k level looking for a support at about 2850 approximately. My true target call for BTC at this moment is 1228. YES 1228! Give or take whatever but here are the facts this is a Bear Market and until the last person sells...
Raven coin is had a nice run up but retracing back down trying to find support. Currently holding pretty well on the 4 hour. Being that the coin is still fairly new time will tell and we can get a clearer picture from a daily candle perspective!
There has been great volume this past couple weeks! You can see we are getting some pull back. The white lines are some confluence lines that can be used as support. Lets keep on eye on this to see where it consolidates around.
Its about time we are seeing a little bit of volume lets see what happens here in the next 24 hours!
If you cannot resist in wanting to buy XRP, Tron and really any marketing machine coin it looks like we have seen the yearly low. Now that XRP has retraced and made that recent move up we are now seeing some true support areas from Confluence lines made from FIb retrace and regular support/resistance through the year! The volume is dying off which also is a good...
We are starting to see some really low volume. I will have to go back and see how close we are but probably all time yearly lows or close. Breakout imminent. Lets keep an eye out on this. Make sure you are not entering or forcing trades until we can get a more clear picture on this sideways action! Thanks everyone have good weekend!
I will be cycling through every popular altcoin here on out for all the altcoin lovers out there! As you can see we have some channels played out and XLM is moving along very nicely. As you can see XLM looks to be moving toretest a new support created and fib level with the near outlook to retest the 61.8 level while breaking the channel! Look out for a nice punch...
USDT FUD??? Crypto community's believe that Tether does not have a real amount of $ backing USDT, about which BitFinex, Tether’s partner exchange, is already aware. And while USDT is one of the highest volumed cryptocurrencies, the exchange couldn’t handle the capital flight towards Bitcoin, resulting in a huge drop but BTC pump. This seems have started with...
This is a plot of all the start, Last, and expiration of the CBOE and CME Contracts. I may need to adjust some of the dates but i would like to get contract dates and etf decisions or delays on one spot for referance. How do futures contracts affect the market? Will any denial of ETF's drive the price down or do us crypto traders not even care at this point? I...
We are seeing massive movement out of tether in the last 12 hours. There are price differences from the exchanges that offer tether and ones that have a USD or Synthetic USD pair. We saw upto almost a 1000 dollar difference which is insane for bitcoin. Looks like there will be some arbitraging opportunities that hopefully will level things back out. We have seen...
Im still trying to manage getting a multichart look for quick comparison but take a look at the shorts.. Are the bulls getting ready for an offensive?
On this chart you will see a couple things. Moving average displayed in a transparent red and green with dotted lines. A form of Stoch on the top and triple RSI on the bottom. I have 4 support lines charted out to watch for currently. The whales will defend that 5750 area and i wouldnt worry to much unless its a straight punch through. There are 3 confluence...
If you look you can see that it retested 61.8 fib and on the daily and weekly candles RSI is dropping out on a 3,13,34 candle lookback. With a slowed stoch indicator not showing to go long. I would wait to see where this settles out at. An crazy day for the Dow and Crypto!
Another marketing machine and from the chatter i hear people are wanting to long with this drop but you can see with the indicator below on the 4 hour this drop still has more room. I prefer to side with caution with coins like trx, ada, and xrp. Retail investers get #rekt often from the hype surrounding. I will do a more detailed analysis this week on all of the...