Price Line is sat above the Kijun Sen. There was an upward cross on Chikou Span and Golden Cross of 50 MA over 200 MA recently. RSI is showing as overbought but volume is picking up. May give us momentum needed to test long term trend line.
The solid green lines are the symmetrical triangle I've been tracking for a while, the ranging period I believe we are coming to the end of.
The RSI is hitting higher lows and looks pretty healthy, and recent Fib retracement seems to be holding around 7900 on 0.236. Even breaking that, there is plenty of resistance from the Fibonnaci retracement, backed up by...
A look at the 4hr chart for BTC shows the multiple touch points of a symmetrical triangle for BTC , something of a breather from the recent mad run. On the 4 hour chart, the RSI looks decent. forming higher lows, and the 50 length MA is approaching the 200 day MA, lining up for a potential golden cross.
Closing in on a 1 hour view for a bit more detail, the...
I'm continuing to track the long term symmetrical triangle on BTC. Good movement this morning and a slight uptick in volume has pushed BTC over the Fibonnaci resistance. A closer look at the 1 hour is hopeful it might now offer some support.
Stoch is downwards but no longer overbought. I'm more positive (but still far from sure) that BTC will break northwards...
For a while I've been pretty consistent with the idea that there was a mid term symmetrical triangle forming on BTC. For a while it was dragging near the bottom of the triangle as it approached the end. However, buying power over the past couple of days have given BTC a massive kick. Volume is looking a lot stronger and although the Stoch is moving into overbought...
Cryptocurrency is volatile. But if the past few months have been painful, it may have appeared more so given that lots of people entered the market for the first time around Christmas for FOMO and have lived a pretty crazy period within the market. However, zoom out and frame those three months within a bigger picture and it doesn't appear so crazy....a...
The long term symmetrical triangle I have been tracking is nearing decision time. The irregular buying spike today is still well within the long term trend lines but recent Fibonnaci may provide a level of support at 7690. Volume spiked but will need to remain high to break through Fib channels - if it breaks the top of the triangle thats a great sign of a bullish...
I've had a symmetrical triangle (not perfectly symmetrical but close enough in my mind) on the 4 hour chart for a while and it keeps holding - numerous touch points indicating a trend even after I first drew it. Its right at the bottom of the channel now and really testing the line but RSI and Stich indicate conditions are oversold so it may just hold. Either way,...
In the midterm, BTC has been travelling in a narrowing wedge based on recent swing low and swing high. SMA50 and 200 are still in death cross position suggesting bearish trend will continue. I'm marking 2 points of interest, one when it meets the wedge line at around 6400 based on current speed, or if it breaks that, it may test the long term low of 6k. There was...
Volume levels on BTC are low right now. It seems to be holding at first support on the Pivot Points for now and isn't quite scraping the bottom of the Bollinger Bands, but was hardly much of a 'bounce'. Stoch indicator is teetering around signalling that BTC is oversold, but isn't quite committing to it at this stage. Not much momentum. I'd like to see a healthy...
BTC bounced off the Bollinger Bands without much life, and seem to be tracking back down. It crashed through S1 Pivot Point and S2 didnt hold. Shorting to around 7980 and then tracking, as we could be on our way down to 7750 region. Stoch indicator isn't looking particularly healthy, as conditions are not oversold and short term energy is floundering. BTC to...
BTC currently fighting to hold at Fib Line at 8430 and respond off. It it doesn't, it will likely find solid support at around 8200. Stoch has just crossed over positively and is showing as oversold right now.
FYI - This is my first time charting, so more sharing for hope of any feedback.
However, assuming a new elliott wave is starting, it seems as though it may bounce off the 2/1? Seems to be significant support there.
BTC still feels very choppy - Stoch, RSI etc are all over the place, so watching with interest for now.
