Hello everyone. We are back with another cryptocurrency, technical analysis, this one featuring Link. If you can tell by my lack of blog posts, I haven't been in the "Zone" recently. I have been looking at charts, completely unsure of what is happening. There are so many possible wave counts that start flowing through my head, and I lose track of everything around...
A strong bearish RSI divergence showing here with a gap down in the 19-32 level, buy orders would be set nicely there or short into that level.
We have a clear double top with declining volume on the second top. While this is happening we have a bearish divergence with the RSI indicator. Even with being conservative & stating that the neckline was broken around $15 we still get a minimum price target of $11.49 which I moved up slightly to $11.60 where there are some previous support/resistance levels. I...
Bearish divergence formed on 4H chart. Keeping an eye on this one. Possible shorting.
Dear all, this is my first post on Bitcoin but probably won't be the last. This will be a short simple take on the recent past and future of BTC. It has been evident since June 24th that a drop is coming for the coin. This was evident because negative RSI divergence of a bullish, or in this case bearish nature is a clear indicator of the strength of a move up or...
On the 4 hour Neo is looking overbought with a regular bearish divergence. it also shows on multiple timeframes
Right shoulder presented off the back of the Draghi news. Aggressive entry taken.
I'm almost expecting this to creep higher to trap the buyers into the market.