We hit the bottom of the rising wedge. Didn't break through. As my previous short chart called the drop. I'm now calling the long. Target will be 7670. Stop loss can be set below the wedge. At 6830 on Bitmex.
BTC has been rallying for a few days now, we called a long from 6.1k and have now taken profits. Daily volume is beginning to decrease as we get to the top of the falling wedge. A close on the daily above the yellow box will lead us to the next yellow box. We have seen many of these bull traps before as we are in a bearish phase. I have begun to slowly build...
First chart was a 100% success, stoch confirmed the hidden bullish divergence on both 12 hour chart and the weekly. Now we're on for a retest of 7.8k. We got a long from 6.1k. Once 7.8k is hit, we either FOMO through it up to 8.2k (Unlikely). However, we haven't had a retracement yet; 4 hour charts and longer term charts are showing the bulls exhausting a bit...
Skycoin was hit with some bad news within it's own management and production. There was a rumour being spread that they were manipulating the price in order for devs to sell off skycoin and become rich. However, we all know that a lot of people don't do research on coins before investing as long as they know the price is going on. This is a risky trade but has...
We can easily see that Bitcoin is consolidating. The 3 red zones are all potential reversal zones for the next movement up. If one breaks, we move onto the next one. Anybody going for longs can long a percentage at each red zone. Another method is the inside bar trade .. looking at the daily chart we can see that if we break 6700 we can see further upwards...
Fundamentally: Siacoin has been listed on Binance - there were talks of this in December but the CEO stated that he did not like Binance's T&Cs as SC wants to stay as decentralised as possible. However, due to binance wanting to create more decentralisation, SC has now been listed. SC also has very strong fundamentals. Analysis: As you can see on the chart we...
BTC has had a huge rally since 6.7k .. one factor was the short squeeze. However, the volumes are beginning to decrease which is usually normal after a breakout. What is weird to me is that although we broke out of the supposed downtrend line we didn't get a huge rally which shows that there is still no strength in the market. What I am expecting now is a minor...