So again we had a big move up till $8500 during last weeks. It wasn’t that optimistic as the rest of altcoins didn’t show strength.
Do you remember our hypothesis with subsequent heights? We noticed that since December and 20K for one BTC each peak had ~85% in value of the preceding top.
It turns out it works this time too. We reached $8500 which is...
It looks like BTC is forming a falling wedge on the hourly timeframe
Bullish RSI divergence gives us extra confirmation
To catch this move we have to wait for a break of resistance trend of falling wedge, this will trigger our long
TP: downtrend is final TP but we should lock in profits on the way up
Short term bullish outlook for Bitcoin! My chart indicates my thinking behind my outlook.
Feel free to ask questions if you need any clarification.
This is not trading advice, just sharing my thoughts with the crypto community
Looks like IOTA is forming a falling wedge
bullish RSI divergence gives us extra confirmation
2 ways to trade this move:
1) We place a buy order above resistance of the falling wedge, if it breaks up, the falling wedge is in play, our buy order will be triggered and we ride the wave to $1.8 resistance + 100 MA
2) We wait for a reversal candle at $1.642 support...
Looks like IOTA is forming a rising wedge
To catch this move we have to wait for a break of support trend
In case we get another bounce on support trend we can look for a reversal candle in the area shown in the graph
We can also notice a bearish RSI divergence which gives us extra confirmation that this wedge is likely to play out
Good luck to all!
XRP is forming a big bullish pennant .
If we get a breakout of resistance trend we have a buy opportunity
Profit should be 0.236 Fib retracement (taken from ATH -0.02%to $0.45 low)
SL should be placed under $0.827 support
Good luck to all!
It's not a good day at work! But we got to put our head in place and make the right decision to save and earn more.
I hope my last 2 posts would have helped you do the same and if you did follow me on those posts, you would be completely unaffected with the crash as we suggested to HODL USD.
Look at the crash as a buying opportunity and if you are...
Unfortunatelly 625 level didn't hold. So last chart is a filure. My second possoble-shortterm trendline (purple-blue) fallen as well.
Today I finally recognized 4h H&S pattern which - if we dived deep, below a neckline on 616$ - would mean next, agressive move down, to 590 level even.
For now neckline is fine, not...