GL guys. Hope you made it through contract expirations. Alot of news is just noise that makes you second guess yourself.
Here we can see a massive H&S originating almost at the inception of BCash. This chart is more a wild speculation than anything. It is not to be traded off of. Comments welcome.
This is the weekly on log. Looks pretty nice with repeated support. Both the large upwards and downwards movements are possible here, keeping in mind that down has the slight edge in this pattern. This would suggest that in a week or two that we see a major breakout that will lead to ATH or free fall.
BINANCE:SYSBTC is hitting multiple points of resistance here. This is likely to be the top. We see resistance in: BBand upper bound 200 day EMA .382 Fib level It will be very hard to sustain a rise, but, breaking of these 3 points (which would require much more volume) would leave the market with an empty field to run up in.
Some upwards pressure working in, ending downwards channel. Seeing some nice confluence on RSI and Histogram uptrends. Potential to see a nice rise in the next few days if COINBASE:BTCUSD can hold up. Good luck!
Some resistance on the .236 fib. If we can break above here then the path to 7000-7100 will be clear. MACD has plenty of room to run after a bullish cross. RSI trending upwards, but has some room for regression. If we see a continuation, then we have 8000 lying conveniently on the golden fibonacci of .618. The breakout is strongly confirmed on the daily....
Targeting the Long on this breakout. Decent confirmation on lower timeframes.
Looking to break new levels on uptrending RSI and Histogram. So long as $BTC can hold its levels, we will be sitting pretty.
Market is just around neutral right now on the hourly, but, Ichimoku shows a critical point here. With many people throwing longs in before real confirmation on this breakout, I'd advise on the side of caution as we see whether the hourly can get the job done before we possibly step up bullish into the larger timeframes.
POT/BTC is one of the few charts right now that is showing confluence in positive indicators. Since I am not waiting for confirmation, it is important to keep alerts up for manual stops. This trade presents ~10% -RSI is trending up, has lower support now -MACD crossover in the 4 hour looking to transition into the daily -Histogram has began move...
Just a simple chart. This is one of the few alts that hasn't broken or attempted to break out yet. Not exactly following the cookie cutter pattern from Bitcoin. I feel very confident that this falling wedge will break out. The green circle is a nice buy zone. We can either break out on this push, or see another bounce off the lower bound of the wedge then...
People seem excited today about a breakout. As a medium-term low risk preference, i'm not interested in the potential run to the main downtrend boundary. I'll be the first to jump onto trend reversal confirmation, but we are about $3,000 away from a safe investment. Whether we hit 7.5-8k or bite it here, this market is much more likely to retest and break 6k....
Seasonal PotCoin buy about to come into play. If we breakout before touching blue, then i'll be keeping my eyes peeled for confirmation. I'm expecting a nice retrace before 4/20. If you look into chart history, this breakout is a yearly occurence. Overall, we have a falling wedge that would be a nice indicator of a reversal in confluence with the seasonal...
Here is one possible upcoming move. I won't be trading this. BBands are in pink and I made the Ichimoku a little more visible. The increasing use of BBands should have them much more useful in the BTC space (you can follow John Bollinger on Twitter). BBands suggest we've been drawn back in (this upwards move) after a little overselling. There is no prominent...
We either bounce off the cloud here or penetrate into bear territory. The intersection of the red and blue line indicate a strong or weak market trend. In this case, we've already turned weak and are trying to cross upwards back into a rise. Penetration into the cloud could indicate a sharp decline in price to come soon. A healthy bounce off of the edge of...