Not a financial advisor. In the last days, we saw a rejection at Resistance and a Gap Fill. BTC.D can go a bit sideways in the next days as there is some horizontal support (Blue support), nevertheless, I am expecting (IMO) a drop into Support lines 3 and/or 4. This represents a further drop between 10-15% on the Dominance. A move above BTC.D resistance would...
Not a financial Advisor. I am not a fractal person but sometimes these patterns can be easily identified. Therefore take this as purely indicative.
Not a financial advisor. Gap was filled! Not waiting any longer, but still expect the top resistance (1) to be reached.
Just for information purposes...
Not financial advice. The last 5-7 weeks, BTC gained Marketcap over Alts. In the chart, 1, 2 are possible resistances and 3 a possible support. There is a Gap on the 31 May 2020-1 Jun 2020. The Gap is located around resistances 1 and 2. This Gap is still 2-5% above current value.
Not a financial advisor. I will be a bit disappointed if the following pattern will not form. After a breakout of the wedge it can possible to have a retest of that formation... This retest would make the bullish case for a Inverse Head and Shoulders possible. BUT going further down into the wedge makes the bearish case stronger for a new lower low. Waiting for...
Not a financial advisor. DXY might break previous swing high... Today's daily's close will make it clearer!
Not a financial advisor... At the moment, I am looking at this price action as a fakeout! DXY 4h broke above the trendline but as we can see on the Daily chart, that the current candle is showing a huge upper wick. DXY 4h is also showing RSI bearish divergence! -> I would prefer to wait 1 more candle (in 3H) to confirm it. (Update will be posted) It is not a...
Not financial advice!!! After several days of huge dumpage... ADABTC looks like it is 1) forming a double bottom 2) RSI & Stoch RSI Bottomed 3) Volume decreasing what's next? -More dump -Some pump
Not a financial advisor and don't take this information to make any buy/sell decision. Currently price is making higher lows while RSI is making lower lows. => Hidden Bullish divergence => currently awaiting confirmations At the same time price is making higher highs while RSI lower highs. => Bearish divergence => Drop played out! If the next...
Not a financial advisor At the moment, this drop seems not to have much follow throw. 1)Previous 2 candles lower wicks. 2)Support holding. 3)Momentum change This consolidation might be interesting for Alts....just saying!!
I am not a financial advisor! Currently BTCUSD 4H 1) is at resistance. 2) printing a Doji. 3) triple bearish divergence on the RSI. BTCUSD might continue to pump but ... it might be time for a Stop Loss update??
Not a financial advisor... For now, (!!!AND IN MY OPINION!!!) it looks as a Cup and Handle pattern having a possible target between 450-500 USD. Paypal news drove some coins to run. BTC / ETH / LTC / BCH were within the chosen to be adopted by Paypal.
Not a financial advisor. Currently looking at the DXY, seems that a possible pattern is being formed on the 4h. If this Cup and Handle is successful, we can see DXY reaching the top of the channel...
While the daily wedge has broken, the weekly hasn't! Some targets are shown in yellow. Risk Reward can be done considering these targets. 1st target was hit and it is current selling off. I would expect that weekly wedge resistance combined with the next horizontal support/resistance would be a better confluence for a bigger sell off (compared with the current...
I am not a financial advisor. Actually I hold more ETH than LTC (in USD & BTC terms). Fundamentally most DEFI and NFTs projects being built on ETH made my choice easier. ETH 2.0 coming soon I would say all eyes are on ETH... But again when all eyes are on ETH => the focus should be somewhere else... Paypal news and ADA connection might bring some life to the...
Not a financial advisor! Possible Head & Shoulders being formed on the 1H. This is just a possibility and would not recommend playing it until it is fully formed and the neckline is broken. I see it as a possibility ... but I will not trade it as: - got a low risk entry - LTCUSD broke out recently (surely retests are possible) - LTCBTC is about to break out its...
Not a financial advise!!! After LTCUSD broke out...now it is time for LTCBTC to break out. Only awaiting for daily close to confirm the breakout but 1) Volume looks good 2) RSI and Stoch RSI