MorpheusCrypto

MorpheusCrypto

NEO is longing to make a comeback if it can break through the downward trend line (yellow line). I'm thinking that once the BTC wave rises, it will take NEO along for a ride. BTC is in an upward trend already, so I see little probability of a complete NEO breakdown in the near future.

MorpheusCrypto Updated 

A pennant is forming on OMG. I'm going to stay bullish on this considering that we broke the long-term down trend (or at least seems like it).

MorpheusCrypto

I've had great luck trading these scallop formations on BTC. Basically on this scallop, if the price closes above $3,966 we can expect up-move in price. I'm waiting to see if the price continues to move upward. So far, everything seems peachy in terms of BTC growth conditions since China uncertainty is being reduced on an hourly basis.

MorpheusCrypto

If Bitcoin drops further then OMG will most likely drop below the shoulder line and continue further into its declining trend.

MorpheusCrypto

A Scallop is forming on BTC. We could see a bullish push if the price closes above 4094. The uncertainty from China seems to be dying down. It appears that worst has already happened with the Chinese banning crypto exchanges. Although the Chinese could drive the price down further by completely banning Bitcoin and other cryptos.

MorpheusCrypto

BTC is forming a scallop formation. We can confirm a positive uptrend once the support closes above the resistance level. Watch out for throwbacks below the trendline which would signal continued bearish price movement. Generally, throwbacks range between 4%-5%.

MorpheusCrypto

Scallop on BTC could be forming. Will have to see a bounceback followed by a breakthrough past 3900 to confirm the trend.

MorpheusCrypto

The big bully is coming (Goldman Sachs) and he wants to give you a weggie. :O

MorpheusCrypto

Wedge forming on BTC. Could mean downward spiral :O

MorpheusCrypto

If BTC Price breaks out above the orange line we will see an uptrend, otherwise it will revert its downtrend.

MorpheusCrypto

OMG broke out of its downtrend with high volume. Likelyhood of the trend reverting is low since uncertainty with China's decision to block cryptocurrency exchanges has been resolved.

MorpheusCrypto

Triangle formation on 1hr OMG chart. Watching for breakout either above to reverse trend, or below and continue trending downwards. Also watching BTC to see how it will influence the price of OMG.