As you all may know, since January 2018, BTC has been hitting (local) highs and lows on every 6th day of each month.
The trend has been working so far to a tee. Relative HIGH on January 6th, relative LOW on February 6th....and so on and so forth.
However, it looks like this trend is about to be broken very soon.
Why?
1) To continue the "6th day" trend, BTC...
Verge has been nosediving lately, but looking at the bigger picture on the daily graphs, XVG holders may have reason to be optimistic with the formation of what looks to be a cup and handle!
If this proves to be true, the bottom of the handle has not yet finished forming.
RSI on daily chart is at the bottom of the neutral zone, this along with the RSI divergence...
Symmetrical triangle formed on the 1hr chart, which is a bilateral pattern that can go either way.
Given the volume, and upcoming news for ICX, it may have energy to run one more leg up, but before that, sideways action is definitely necessary.
May see a retracement due to the lowering of RSI peaks, Bearish divergence in the MACD bars - as MACD looks like it's...
We can spot a double top formed at $8604 range, bearish sign.
RSI peak is lowering, bearish sign.
MACD trying to cross again but has not done so, bearish sign.
This very well seems like a top at least for short term
ONLY reason I'm not calling a downtrend is because its technically not enough confirmation, and if anything in this world can possibly break this...
The falling wedge formation signals that the downtrend is not over yet.
Green, Yellow, and Red lines are support.
Opening short at 8175 USD
Stop-Loss at 8694
Limit at 7266
1:2 risk to reward ratio
Any questions? feel free to ask.
Best of luck!
Currently going through a downtrend, but with the doji and inverted hammer spotted--two consecutive strong signs of indecision--a reversal may be on it's way.
If this current candle either:
1)closes above the downtrend line
OR
2)closes above the opening of the last candle
I'm bullish--can see 410-420 range in sight.
If it doesn't, be prepared to see a...
DGDBTC has had a nice run up recently.
However it looks like the 1h chart is forming a Head and Shoulders pattern.
Volume is taking a nosedive, it's very oversold RSI bouncing off 70, and MACD is on the verge of crossing again, showing bearish signs.
Will buy back in around .5 fib to sell at the potential right shoulder.
Expecting to see RSI go below 30, dipping slightly below from .236 fib levels.
Majority of the selloff seems to have happened already, not expecting it to go too much lower.
Will hold off on buying until MACD crosses again and shows some support.
Falling wedge formation created due to the last correction. Expecting to see a little sideways action, and it might follow the wedge down to the .382 fib level.
Staggering buys from 400 to 374 satoshi range. Sell orders at all fib points.
RSI is looking pretty good as well, and we might see a couple bounces back to ~30 RSI range as the wedge completes its...
NCASH has been on a moon mission as of late. Breakout from symmetrical triangle spotted at 15 min charts. Setting buy orders around 484 sats and taking profits around 582 sats. Expecting it to follow the uptrend channel. Let's see how this pans out.
