bsalem

bsalem Updated 

It seems IOTA may have broken out of the downward trend. Although other crypto's are currently in an upward pattern, I do believe they will eventually continue to go downwards (BTC, ETH). IOTA did breakout of the original downward pattern and is going to a possible wedge pattern of consolidation. It may still take a slight dip in the next few days but I don...

bsalem Updated 

NEO has made fantastic gains in a day but has not made it out of the woods yet. As the chart shows, it has passed the 20 day EMA, 50 day SMA, the 0.68 retracement and is near the edge of the downward trend line but...... the day is not over and it needs to finish the day at or above the current price of $132. If this occurs, than the moving averages may act as a...

bsalem Updated 

Ethereum is coming to a critical point in the next few days. It is still within the downward trend and is being support by the 50 day SMA and under the 20 day EMA. If it doesn't break through the downward trend, it will be closely falling along the line of the downward trend until it falls under the 50 day SMA or breaks laterally. I'd hold off before...

bsalem Updated 

Litecoin is now in safe territory and is a good buy. As seen in the chart, the downward trend has broken and is now above the 50 & 100 day SMA, the 0.6 retracement. It appears that it will continue to go up until it encounters resistance at the $280 mark. It appears tomorrow that there will be a reverse?? death cross between the 50 and 100 day SMA. Might...

bsalem Updated 

Hi All, This is how I see BITFINEX:XRPUSD breaking down in the next few weeks. Although we broke out of the downward trend, we are still under the 200 sma on a 4 hour chart. The overall impact of BITSTAMP:BTCUSD is bringing the overall crypto market down as shown in my previous chart. The MACD and the RSI also show a downward trend which I believe will...

bsalem Updated 

Hi, Newbie back again with my second chart. This one showing CEXIO:BTCUSD to drop to possible 1-1.5 K levels. I had heard over the weekend that some of the big investment firms use a 100 day SMA as an indicator whether the market was healthy. Looking at the state of CEXIO:BTCUSD , we almost reached the 100 day SMA but not quite. News sites which publish...

bsalem Updated 

Just been examining the top posters ideas and doing my own study of various trend indicators. In my own opinion as a very very new person to charting, it looks like Ripple is coming to a critical point and if it doesn't break out in the next hour, it will most likely drop. Opinions are welcome as I really don't know how well my analysis is.