We've some pretty good reasons to *HOPE* price won't badly fail the test of SMA100/W, a key level. Are we in (C) already ? Then a successful test of such support may pave the way up. [ This is an educational exercise on weekly MA, not a trading advice. Take it with grain of salt ]
This is an educational post. The whole point here is looking back at history in order to better evaluate our own trading stance, keeping track of previous events. A flashcrash such as the one we got yesterday is not uncommon . Moreover it had plenty of technical reasons behind ( such as the breakdown of a descending triangle spanning across weeks ). For...
Double check on sunday for *actual close confirmation*. * We already got MACD / MACD VXY crossover. * Willy on historical lows. Look for volume. Buy a 0.00003 breakout. Stop under 0.000022. Good luck.
Ongoing a possible MACD VXI crossover, on Weekly timeframe. Awaiting next sunday (weekly) close for some *due confirmation*. Volume still weak and undecisive. MACD looks possibilistic as well: A further encouraging signal would be the reversal of Parabolic SAR on weekly. Shorter term, on Daily XRPBTC should break up the red RSI resistance in order to...
Yes it's fragile, yet we have a falling wedge and some degree of support in the 16X $ area. Why it's worth considering the 16X $ area ? Look back at my analysis dating back to December 2018 , there i provided 3 targets ( 167$, 257$, 350$ ). As you noticed and all the three targets were successfully reached ( high was actually 363$ ). General area around...
Risky area. Spring support is gone and a Chuvashov fork is possible if current support breaks, hence a break under 9000$. So far bulls managed to get a pullback ( technical rebound ) to previous support, but now the broader 11k area is resistance. Bias is actually bearish. Short time bulls may still try to find an inverted H&S with a right shoulder above...
Possible inverted H&S ( or ascending triangle -IF- support area holds. Stop below support. A morning star on next weekly close would be an encouraging signal.
Be careful the next few hours, this may be a diamond top. Tomorrow will tell.
Not my own thought, just an interpretation of Masterluc's interesting post ( twitter.com ) . It may be either A or B, it does not matter much ( for medium term ).
A massive short squeeze was enough for BTC to break up both MA100 ( Blue ) and MA50 ( Green ) and move over 6300$. This is something we saw back in 2015 and it basically confirmed the end of bear trend. While it's highly likely we'll see a deeper "technical" pullback on the upcoming days/weeks ( as MA50 still lags under MA100 ), Bitcoin is poised to move much...
See W indicators. Time to -start accumulation- for Long. Buy any dips, especially if BTC raises.
More tha enough to be much careful.
Both BTC and ETH are at risk of H&S. Daily NVT not looking good as well. Please use some caution here. Buy the dip, but no hurry.
We have 2 bullish options, meaning an ascending triangle and an inverted H&S. Yet bulls lacked punch and volume so far. We have a noticeable bearish divergence acting as a flashing warning. Only a strong green candle would negate it. Price sits at the top of daily BB. While bias is still slightly bullish, a stop loss here is mandatory as a bull trap may well...
XRP chart is in a rather bad shape. A relief pump and breakout over resistance area is desperately needed. ASAP. Relative safety above 0,40$, doom under 0,28$. Mind the risk.
Interesting over 3860$. Key support levels are 3650$, 3440$.
Hammer, test of FIB 0.618 and a slight bullish divergence. A breakout of the falling wedge on volume may forecast a retest of recent highs.