Hey, so looks like EURUSD has been overextended on 15min rsi + macd. Pennant forming what seems to be a rising wedge. Volume is dropping off. Waiting for a volume spike. Macd has extended convergence = higher probability of volatile breakout. Green dotted lines are higher high/ higher low support & resistance levels. Arrows represent long and short limit...
Look at the chart it will tell you. Now, my wife will kill me sorry lol /\ TT
Convergence of trendlines - short-term down, long-term up and near-term inverted triangle formation, with former support at 24,640 becoming resistance, combined with low upside volumes, high downside volumes, weak RSI and what appears to be a tech bubble forming are all ominous for sharp retracement to trendline. Expect fibo .68 retrace to near Dow 23,800 before...
bull flag breakout triple outside bars up ema8/21 above above .382 Fib slight convergence
Pretty wild eh! I chose the 3 big dawgs because they have the best data for this, but all the coins move together. What's more powerful...a death cross or a convergence of MAs with the heavy ones on top and short terms on bottom, anyone? Enjoy!
BINANCE:ONTBTC is a strong coin fundamentally and from a TA point of view today we have a good entry point. On the 4h chart MACD looks like it wants to turn bullish and we have a bullish convergence on the RSI. This is a long term HODL project and we are going to sell along the way when you feel comfortable. Put stop loss -10% from entry point as BTC is still...
It's kind of late in the week for a mad bull run to blow through all the resistance, so I anticipate this week's slow side track to pop pretty hard. That said, it is obvious that an amazing array supports and resistances are converging no matter how you chart ETH & BTC. Whichever way it is about to go.. it's going to go hard. I'm still pessimistic about chances...
In my last post (LTC: FIbonacci levels are in play Apr 30) I noted that LTC has shown no clear direction up or down but that a recent pattern of price movement does not bode well. I think this is still the case. For context please note that you are looking at candlesticks, each representing one day in a chart whose scope is just over 2 months. From the chart we...
This chart shows the simplest way to see the converging trend lines. Using these convergence points, I hope to find a bottom and super low entry point. as insurance, I bought $25 @ .20 I will sit back and watch the price drop to either .08 or .06, or if we are lucky, we are floored and bouncing upward and I can throw this chart out.
The long trend lines and short term lines intersect at the same approximate point indicating a bottom buying opportunity. Enhanced by RSI data, this convergence puts us at a hypothetical bottom and will allow for short or long term gains. If I had it, I would buy in at this convergence and look for 30-40% sell opportunities. If RSI data does not support the...
Hi Folks. It is pretty nervous these days isn't it? So we will try to show you where we are and why it is not that bad as it looks. Many of you complain about current situation but remember that patience and persistance are as much valued in this game as analysis and reflex. First of all we decided to draw long-term support line. Look at the mid September 2017....
On the graph of BTG, we can observe Bull convergence within 10 days. This may indicate that buyers are waiting for a convenient moment and are ready to go on the offensive. I think that you can buy closer to 0.0071 and with a break above 0.0079 we can hope to reach the level of 0.0099 - 1 goal and level 0.0120 - the second goal. Such a scenario is possible only in...
I hated making this chart, My emotion kept me redrawing the lines, but in the end, I drew them as they should be, and this isn't pretty. If the RSI indicators are correct, the bounce could recover temporarily 15-20% before the fall to sub $200. If the recovery is lateral around the $400 mark, look for RSI confirmation and subsequent drop. A purchase at $400ish...
USDCHF: 4H Pair is on a recent uptrend. Bounced off of a larger downtrend with 2 touches in the last week. I expect it'll continue to bounce up and down until it makes a break out of this symmetrical triangle. Still needs time and trendline touches to confirm it's pattern. If the breakout goes long, make sure to wait for a pullback to bounce off the...
RSI divergence has been coming for a while now. BTC and suitable dropped. How far will it go? RSI Support may have been reached, but last retrace BTC dropped further after RSI support found. I am expecting some horizontal movement before a further drop reaching 50% retrace and long term support. Caveat : I am not a professional trader or adviser. Do your...
We have a bullish convergence forming on BTC currently. What this signals is that we are running out of room on the current downtrend momentum. We should see BTC make a flip and start on a bull run shortly. Being as this is on 4h candles I would assume this would occur over the next 24-48 hours.
Alright folks, I know I dropped a COINBASE:BTCUSD analysis for you yesterday (and its held solid!!!)....but I felt like it would be beneficial to provide something less "predictive" and just drop some facts. So as I said, no predictions today, just facts! And I must say, these facts look real promising; all signs point to a significant momentum shift in the...