Just a quick update on Ethereum.
BTC hit new 2019 highs and a reaction is going to come. Is the new higher low 5200, 5500, I don't know. Maybe a new lower low? No idea at the moment.
What I know is, that ETH hit the top of a rising wedge and I see that one fall heavily if it takes that road. With BTC probably topping and reversing, this probably...
Played around with the fib channels on the largest time frame I could find on TV and guess what, it does not look good from here. This chart is telling me to short until
1.5k. The tether news is causing a lot of speculation. This is exactly the time not to try to make assumptions of what might be going on, in terms of the news, and instead check your chart to make...
If this fib line does not hold I would expect further downside, doesn't look great for ONT here.
Blue triangle indicates the current range.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future...
My motto is "keep it simple"!
What do you see when you look at the chart? You can see that the price get rejected from the purple horizontal line (resistance) and its trading within a ascending triangle. This is a bullish sign, as it shows that the bulls are still in the market, however, there could be easily done some manipulation and long squeeze.
DONE WITH 120pips after tweezer top
STIll worth to sell since its still in form of channel line that proven many times from 18 sept 2018
its cleary overbought and some investor will take profit soon so we can guess the price will go down .
A few months ago someone told me LTC could hit $55. I looked at them like they had just landed from another planet and where talking out of their hands.
Today, I sit here shaking my head at this coin.
I'll admit I used to be an AVID supporter of LTC. I was a holder ... but this coin has cost me dearly.
I denied any wrong doing in respect to Charlie selling...
I've followed IOTA for the past 5 or 6 months.
What I've noticed for most of those months is IOTA struggles to go much higher than $2.
But I have noticed that IOTA does bounce nicely if BTC is in recovery mode for 3 to 5 days.
We are currently just below $1. Based on what I see here ... I'd say anything down to around $0.7 is a reasonable
buy ... but, you'll...
Here's another coin I don't like, although I was there when my son showed me an algorithm that said ripple was going from 0.6 to over $3. It was right. I didn't believe my son ... my son reminds me of this often.
Anyhow, is it game over for ripple (the banker's coin)?
Let's look at the two previous recoveries ... it seems when we crossed either the blue or red...
First all, I have to say ... I don't like Tron. I traded it in early days ... but after reading about the white paper plagiarism, and the way Justin manages things (all talk, little action ...), I've made a note in my little black book about this coin.
I do have some friends asking questions about tron ... so sticking to technical merits only in terms of SHORT...
See my ETH idea ... can we say the same for BCH?
You see ETH has a buy range of around $300 to $400 ... and properly ladderred buys will see an average cost that isn't too far from the current price, so the risk is lower.
BCH on the other hand has a $300 to $700 buy window ... if we hit $300 ... ouch.
Despite this, I do think BCH will bounce nicely...
Continuation pattern forming after the failed break earlier.
Just a bear flag so far. 6710 first support and if it's going to
bounce it should be from the lower parallel of the nascent
pattern - but there's no real interest A worry for any brave
bulls at this point.
In very near term we may get a bit of buying into US open -
may regret it later but...
Be Careful When Others Are Greedy
There are still too many who think we'll break $10,000 soon.
I think we'll see one more drop again after the correction, so the Bulls should finally be bearish again and be scared.
However, the current upmove could go to $9,700/9,600 before we see the drop in the $8,000 area.
After that, the long-awaited break out of $10,000...
Hey a quick update, hope you guys caught the spike too. I've sold my position currently as i have a few indicators showing a drawback is due, my target is 7.2k-7.5k before another climb. Not trade advice blah blah xx
Here is the analyse for the 22nd of March. I think the scenario 1 is more logic with a potential coming bullish flag. BUT like we can see the volume is normal (not Low) : I am still worry about the next acceleration that can be today ... or tomorrow morning because the volume still normal but the volatility is low... Divergences?! RSI?!...