So far in weekly chart it's looking very bullish.. price action above Parabolic Sar dot indicate a bullish trend is in progress if it's break 62% expect a 68% become a next resistance. On Daily Chart it's looking bullish though the parabolic sar dot is closing in the candle in a tight range + it's in a resistance area 62 %. a huge risk to trend shifting...
Short Update on XRP/BTC.. though price seems defied the most oversold indicators and it being dictated by rising btc dominance.. especially on larger time frame currently at 62% and still rising upward at the time i write. it only seems only one support left to be maintain.. 4000 satoshi.. if it's break.. might be a bad sign for xrp/btc.. 3100 satoshi...
Update from my previous chart regarding double top in total crypto market cap... As we all know.. this chart is not being valid anymore as the double top pattern is already being extinguish as the price it's keep going up.. now let's change into current chart. It is now currently testing 190 billion dollar resistance area.. which is a quite support back august...
Looks like ready to test Bitcoin Dominance level on September 2018. Volume much more bigger than december 2017 which is very bullish looks.. although, a potential bearish divergence already sighted. just hypothetical and fun thought, i just put a timeline with a same day from a peak of dominance day right before it's fall down compare with xrp and ethereum...
Could be bad news also regarding 1 billion xrp sell off todaysgazette.com if it's continue dump and broke 0.382 fibonnaci support (5200 satoshi) .. i expect around 4100 satoshi level be a good support.. So far. nothing interesting in most indicator (CMF, RSI, MACD) as it's volume non-existential, still in bearish area, price being suppressed hard... and it's...
Still moving upward as expected... head and shoulder pattern is not valid anymore. potential rising wedge is still in play.. MACD begin to show it's strength and will find out soon enough whether it will end up with a bearish divergence or not. green line : good indication for the bull keep's it's march orange line : a sign of imminent healthy pull...
Xem/BTC not looking so great as 200 EMA line closing in the price action and descending triangle appear. although there a possible bounce from MACD and RSI itself is oversold as it's ready to shift into buyer side and might be retest 20 and 50 EMA in the future around 1200 sat.. Also a potential for Exaggerated Bullish divergence might occur... 1st support...
seems btc/usd keep resilient and get a support from 20 EMA as a trajectory after fall from recent rising wedge pattern. indicators giving a slight shift into buy trend though keep in mind the volume is not so convincing as it's will start a rally, yet. in order the rally will continue, volume plays an important part as to avoid a clear divergence between price...
On 6 august 2019 is a date to keep in mind for ltc holder to expect for upcoming 2nd halving hype, approximately around 98 days to come before it happen from the time i write this post., it is the event when mining fees become reduce into 50% in every 4 year for ltc - may different with other crypto - to increase its scarcity more valuable and avoid inflationary...
doesnt looking good for Stellar/btc as the btc keep rallying/btc dominance rising.. broke a longterm trendline is a bad sign for str/btc .. though the indicator is flashing a good buy. in term of past support/resistance.. Stellar didnt have much support nearby.. the nearest support saddly around 1500 satoshi.. but we will see what happen...
Still following a trendline (yellow line) after being overbought past few weeks ago. let see if the trendline can hold the 2/1 line in the future.. Still in bearish area. Still have more room to go down in my opinion, please take this idea as a grain of salt and feel free to share your idea.. peace..
if it cant hold around 0.001 satoshi... expect downward into the unknown as there are not support below that level and it's look bad for recent chart.. it did create a higher high slightly but still creating higher low..... create a double top formation.. if this price action do broke down, hypothetical support based from double top formation would be around...
After broke a recent price channel. it seems the price action trying to test 200 EMA around 0.012 satoshi.. let see what will happen when the price action try to consolidate around 200 EMA. Indicator mostly remain in bearish area and still continue dropping in price. while stochastic RSI is bottomed yet still a possibility a minor rally before a continuation...
It's already broke a long term bullish trendline from wayback december 2015.. after being rejected 200 EMA, The price action going downward eversince and death cross is already in play. Volume also being decrease every single day which something major movement will happen. in present they are testing the support around 0.03 satoshi which will define it's future...
Dont think a wrong idea about this title and please do take this as a grain of salt. Please, also dont think about this post a 'rant' as i felt left out by not buying the previous price dip as the fact that i already did accumulated BTC around january 2019 if the price did rally upward to the moon and i dont mind it as my BTC will be a rising in value over long...
For TOTAL, it's been a bullish trend lately, volume is rising, from stochastic RSI it's pointing upward from oversold condition ; from RSI it's still manage to hold 70 level RSI and it's seems try to get abpve 70 level again Although MACD seems supressed in seller momentum despite the total market cap increased OBV still indicate a continuation of the bullish...
Most of my Indicators are flashing overbought and the potential resistance and support in near future... if it's correction do occurs. i keep an eye around 0.682 and 0.5 fib on fibonacci fan as if the trend is following the previous retracement from 0.5 and continue it's bullish momentum, if not following the fibonacci fan.. i keep an eye for a potential support...
After it break the channel from 9k satoshi, followed by latest Fibonnaci Spiral. acting as a potential support and upcoming resistance. So far it's pretty bearish movement for Steem/BTC with Fibonacci resistance fan after being rejected by 200 EMA but looking at Indicator such as RSI, Stochastic RSI and Macd seems give me a signal that it's a good time to...