Following up from my previous BTC post I was looking at the possibilities of daily RSI forming a double bottom while the weekly timeframe RSI "cooled off". Fib extension looking to provide support at the .786. If we can do that I would expect to retest the last high around $10.5k. Bearish scenario could take us back to the $9,200's. Really is just about...
Have been watching a double bottom pattern forming on Stochastic RSI 1 Day timeframes across many major crypto with over bought condition on the weekly. The weekly charts are cooling off while a nice double bottom is forming in oversold conditions on the daily. BTC is a clear example (see idea below). I redrew the fib to the local trend and we are currently...
ZEC pulling back along with the rest of the market. It has golden crossed on the daily timeframe. Stochastic RSI is oversold. The weekly timeframe RSI is Overbought similar to BTC. ZEC currently attempting to find support on the 50 MA. Thinking we'll see the weekly RSI cool off resulting in the daily RSI turning south in the days ahead to make a double...
After a healthy uptrend BTC has met resistance on the major diagonal resistance line drawn from the 20k & 14k peaks. Despite a strong rejection we have still managed to get a Golden Cross on the daily chart . Stochastic RSI in oversold conditions. However, We are in overbought territory on the Weekly timeframe in Stochastic RSI . Looking at moving averages for...
So theres a bit of sarcasm in the title but hey, I like to have a bit of fun :) The uptrend has broken below the pitchfork with decent sell volume. In my previous posts I claimed we would need to find support above the 1.0 fib level to continue upward. This unfortunately did not happen. In fact, the 0.786 fib level gave way to the bears as well. Expecting a...
XRP Daily Chart Looking full of steam and ready to rise. Bullish crossover on Stochatic RSI from oversold conditions. 50 day moving average approaching 200 day, it has already crossed the 100 day. Breakout above 1.0 Fib. If we can establish support here we should attempt to test the 1.618 Fib around 0.365. Timeframe could potentially be about same time...
XRP 1 HR CHART Nice bottom formation has played out finding support on the bottom of our pitchfork with wicks drawing down to test the .786 fib level. Following the relative low was a nice breakout with good volume. Price was then held down by the 100 day MA which is has now broken above. Coinciding with that breakout, price is now above the 1.0 Fibonacci...
Hey there, dominantly altcoin investor here. However I've been in this space for a few years now and realize I need to start publishing more consistently with BTC. This is the first of many. Following the sell off from the last high (near 10% move wick to wick) BTC is finding support on a major level of support around $9500. 50 Day Moving Average is...
With the recent market sell off price action fell below the symmetrical triangle it was trading in. Price also fell below all the moving averages following a recent golden cross. Stochastic RSI showing signs of strength with a bullish cross from the bottom of the bearish zone. There was a death cross on the 1hr chart which has since printed a higher low. ...
After wiping away substantial gains along with the rest of the market. ZEC is ready to decide trend direction on the daily. We recently had a Golden Cross which gave us our first impulse up. Following that move we have had about a 20% pullback from candle body high to low from last high. Stochastic RSI just made bullish cross in oversold conditions. However,...
One timeframe down from my previous XRP post we see price action respecting the bottom of the pitchfork with Stochastic RSI printing a double bottom followed by a higher low in Oversold territory. Price action needs to get back above the 50 day moving average to continue the bullish trend. Current support lining up with .786 Fibonacci and 100 Day moving...
Since my last post XRP has rejected off the top of the pitchfork and fallen to the bottom of the pitchfork where it is attempting to find support. Stochastic RSI falling to oversold conditions. We are potentially refueling before another big leg up. 50 day moving average turning vertical looking for momentum to make it over the 200 day moving average. If...
Sorry for the busy chart, taking multiple views of current price action. I am a swing trade/investor looking for maximum potential in 12-18mo hold times. I am already in XRP & built most of my position end between .20 & .30. Speculation could easily give way to adoption in future bull cycles. I invest with an open mind and seek truth within the trend. NOT...
OXT 1HR Chart Horizontal Support & Resistance On Chart Volume: light=buy dark=sell Currently in an symmetrical triangle on multiple timeframes. Stochastic RSI is making bullish higher lows after reversing off the bottom of bearish zone. Short climb to ATH's. Coinba$e... MARKET CAP DETAILS Market Cap $20,645,137 USD Volume (24h) $5,484,984...
Beautiful start to 2020 with XTZ profits! Could be time for a pull back?
;) ;) ;) Not Financial Advice Could be time to hit the stairs and start doing some climbing. Lets hope we head for the roof instead of the basement!
Little bit of Bullish Divergence here on 3hr chart. Stoch RSI also in oversold conditions. Eyes on the $creen mind on the market. Not Investment Advice.
Beware: Lower high has been established in price action. However, 4 HR stochastic RSI showing strong rejection from oversold conditions with a bullish cross on the 3day over the 14! Micropayment & decentralized privacy networks have massive potential value in the future global economy.... $100,000,000,000 market cap (macro multi year potential) = $100 a coin....