The month-wide RSI goes below the past minimum visible on Bitfinex. As you can see, the market has not received adequate support, globally it is very likely that the RSI will continue to decline further to the oversold area. MACD on the same scale continues to look not promising, apparently, and will continue to decline. It does not seem that the market has ...
H4 - Price reached the top of the channel.
H1 - Currently it looks like the price is creating a bearish divergence.
If the price moves lower, breaks and holds below the uptrend line, we may then start looking for sells with more bearish evidences.
M15 - If you want to be more aggressive then wait for the price to break below the low show in the chart (marked in ...
In coorelation to BTC, LTC, XRP and XLM, there is a significant downtrend. As shown on the chart, the two continuation candles show selling pressure. The two candles also bounced at support/resistance lines, which made them important.
In addition, there is a descending triangle looking to break downwards. Targets are indicated by the yellow arrows.
Overall the last 24 hours (15th of January) were bearish and I am neutral for the next 24 hrs.
This chart uses 1 hour Traditional Candlestick chart, Volume Profile Visible Ranges, Bollinger Bands, 4 EMAs (9/15/21/55), RSI & MACD.
Traditional candlesticks charts is the most popular charting pattern. It is great for shorter ...
Keeping it short and simple as always.
50 Ema is an indicator I feel comfortable working with. We can determine repetitive patterns easily and as we see the Ema 50 has been acting as a resistance area. We are approaching the Ema 50 and unless we have Bullish movements we will act as a consolidation level to keep going downwards.
I spotted 3 bearish indicators ...
In the last 2 months the USDCHF has created a Bearish Trendline. The price is now getting close to this Trendline and that sugfgests us that the price might be bouncing down again as it did in the past. Combined with RSI in Overbought condition and the MACD that is starting to form a cross, this makes a great Short opportunity.
Overall the last 7 days (9th - 16th of January, 2018) were bearish and I am bearish for the next 7 days.
Bitcoin is trading in the $4000 to $3500 range during the last week, 81.7% down from the ATHs, with a market cap of $63 billion. The chart indicates a continuation of the current down trend. The price is closest to the 20 MA with a trend ...
$ACHC Forming possible spinning top on weekly chart right at the December gap-fill resistance around $29. After big earnings miss last quarter and removal of CEO in December, not much positive fundamental news to attract buyers leading up to another earnings release in late February. Targeting next support level at $20 by March.
Also of note, some unusual bearish ...
We can observe on the January 14 daily candlestick (which was also the start of a new weekly candlestick) a classic bullish engulfing pattern.
Price is currently flagging and we could expect one more push up towards 3880-3900 before seeing the anticipated move towards the 3500 half quarter - to then see the next reaction of price.
Depending on which side you ...
It's getting real! Bulls vs Bears special.
Please join in and let me know what you think, $190 or $80? comment below! Let's discuss.
With Constantinople day upon us, I saw two possible scenarios here.
This can also be a useful chart to keep or bookmark as it labels the current key resistance and support zones and corresponding fib. levels with prices.
If we ...
Confluences for Trade:
- Bearish candle formations
- Stochastic Overbought momentum
- Price action near resistance trendline
- Fundamentally, Brexit will be volatile. Will a weak vote push up the pound because it delays and may cause a second referendum? Or this will make UK's economy grow even weaker due to the constant ...
Chart says all. So many contributors with great ideas about what we might expect. Just my 2c. It never goes straight down but makes short squeeze traps along the way. The runup to 24k was a terrific squeeze, rejected at 0.50 Fibo- exactly. Be cautious, short the rallies, don't plunge as it swings wildly and can squeeze any day.
Remember- gaps tend to get filled! ...