ONT traded within the pitchfork reliably until the btc dump this last few days and has now turned pitchfork support into resistance. Will be watching this as ONT has a pretty good track record of bouncing back suddenly.
BTC has reached the end of a descending triangle and is sat at very critical support. The last support in fact, from October 2017.
If BTC breaks this support and death crosses the SMA the next line of support is around 4700.
BOUNCE OR DIE BITCOIN.
I'm long right now but will keep an eye.
If BTC follows this idea I will short the arse out of it and then buy as...
Sometimes the simplest way is the best way, no bullshit, no volume profiles or RSI plays of MACD'S, no Bollinger Bands and no Stochastics.
Smoothed moving average has played out as the most reliable indicator this past year for Bitcoin in my opinion.
I'm sure I'm not the only person out there to see it but there you go.
Watch for the cross, either way.
My last NEBL chart dictated that we were approaching some kind of volatility at the end of our descending triangle. We consolidated along strong support until perfectly breaking out at the end of our triangle.
Neblio is sitting just below important resistance right now, a breakout above this resistance would be considerable at this time.
I expect NEBL to trade...
Facebook has mixed indicators but is looking predominantly bearish for now.
I'm not taking a position on this but will watch to see if it gap fills on the way down and then back up.
Facebook have been looking into cryptocurrency and one of their employees has left the board of Coinbase, conflict of interest perhaps?
Wait and see for me.
XLM has held very well through this massive market-wide correction.
I am bullish on this rocket logo'd piece of crap, small bag filled.
Once a breakout is confirmed this thing is gonna fly.
BNB looks to be weak right now.
Has been trading in a range for a while but seems like it has more downside price action incoming.
Good support around 7 dollars.
OBV looks bullish but other indicators are contrary right now.
Buy range from about 6 to 7 dollars for me.