gtrox115

gtrox115 Updated 

never trust a head and shoulders when youre trading bitcoin. it loves to make them, break down a bit, and then reverse. best way to trap the bears. a retest of the wedge resistance would be a healthy development, so thats what I'm watching for. invalidation comes below the resistance line. biggest risk to the market right now is a rally on the dollar index (DXY)....

gtrox115

If the wedges keep playing out we'll move further up

gtrox115 Updated 

Looking at the Gann Box, we can see that Bitcoin got caught in the midline's back in December and has been downtrending within them since. Based on past performance I have laid out it's likely future movements. We should get a bounce back into the 5k's some time this month, followed by relative inaction before a real capitulation bottom (anywhere between 1-3k) and...

gtrox115

Hey guys. I'm back with another TA, this time on Ripple! Looking at the 4 hour chart, we can see that XRP has been forming a falling wedge pattern since its highs back in May. Time fibs show that another move may be upon us as we reach the apex of that wedge, signaling a strong move on the 12th of July. Looking at the RSI, we can see that XRP has been showing...

gtrox115

is in one of the strongest positions for a massive bull run of any of the coins I've looked at. Currently sitting over 80% from ATH 1.15% (92% down in USD value), NANO 2.04% has been slowly compressing into a HUGE falling wedge . MACD shows strong upward divergence since its last bottom in April, despite being an additional 50% down. MACD made a double bottom and...

gtrox115 Updated 

Despite what some may think and say, BTC is looking quite bullish right now! Looking first at the chart on the left, we can see that the 4 hour chart has formed another bull flag below the 200 ema, coming off a smaller bull flag below the 100 ema. The MACD has formed a new uptrend channel and is rounding up at the midline, the RSI is strongly bullishly diverging...

gtrox115

Back with another analysis to complement my previous BTCUSD post. Looking first at the BTCUSDLongs chart, we can see that we broke above resistance and tested for support before moving up and then back down. This move back down has shown MASSIVE bullish divergence, both on the RSI, which has formed and broken out of a falling wedge, and the MACD. The AO has also...

gtrox115 Updated 

Feeling pretty bullish on Tron BINANCE:TRXBTC right now. First off, as you can see from the super-bolded trend lines on the chart, we're coming to the apex of a massive daily falling wedge. This is supported by the RSI, which shows the same wedge with a false breakout on the 19th creating a new resistance that may send us down one more time. RSI has also made a...

gtrox115

I think we're gunna reverse without even touching the bottom of the wedge. It'll make an inverse h&s and then break out of the wedge in a few weeks.