Good morning, traders. The despair is growing as price hovers around $6400 which tells me we are near time for a reversal, if only for a few thousand dollars at this time. The daily RSI is oversold which usually indicates a reversal. BTCUSD shorts are still very high within an ascending braodening wedge, which is bearish (bearish for shorts is bullish for price)....
Since the last update, EOS eventually entered the projected Channel Down and even hit 10.100 (S1) earlier than expected. The aggressive dive brings the price on short distance from out first TP (8.841). The 4H Channel Down (RSI = 28.270, STOCH = 25.411) appears to have priced a Lower Low much earlier (Highs/Lows = -0.5396) and needs to consolidate in order to...
buy ARK in safe zone 0.0002800 - 0.00031500 sell zone 0.00036000 - 0.00038500 0.00039000 - 0.00041000 0.00042000 - 0.00045000 stop loss 0.00026000 2weeks holding
Watching the number of shorts growing in the market we are shifting to anticipate a final flush and V shaped climax some time in the next few days. I will be watching ETHBTC and LTCBTC to see who is more oversold when the time comes. Watching for BTC as the guide and leader, and the potential for a $6k climax flush will be something I keep an eye on. Still...
We are getting to a point in the shorts charts that we can say we are likely to see a big flush and V shaped recovery signal a temporary bottom. Next time I find myself saying "This is Brutal" I will be looking to scale in. I will play LTC or ETH if their pairing chart to BTC is oversold on the 4 hour time frame. Continued patience until then as it could be any...
Ripple is stranded within its 4H Support and Resistance levels (0.53866 - 0.70894) and given the High Volatility on 4H (ATR = 0.0231), a multi session consolidation is expected. This will create a Rectangle pattern on neutral RSI, Highs/Lows and we will scalp it for the next 15 days. Keep in mind that the underlying long- term trend is still bearish on both 1D...
TP1 = 487.07 (April 14 support) hit although the price diverged some from the Lower High limits on the 1D Channel Down (RSI = 32.885, Highs/Lows = -63.6106). As expected a new 4H Channel Down has been created (Highs/Lows = -17.6836, RSI = 28.923, MACD = -23.070) that aggressively hit the target and 1st support (487.07). As you see by the blue dotted line (soft...
The price has just tested the upper layer of the 6,000 - 6,432.4 1W support zone for the first time since April 01, technically completing this bearish leg of the Triangle pattern (RSI = 43.291, MACD = -127.000). We are still assuming no (short) action until either 6,000 breaks or the 0.618 Fibonacci retracement levels (8,327.90 - 8,719.20) are tested. Based on...
All blue boxes in chart consist of two consecuitive Williams Fractal lows with fractal highs either side (had the last box been pink then I would have used just the pink boxes in my charts for this study). Took the "ultimate oscillator" and boxed in areas where there was price divergence with the oscillator. It looks like Bitcoin needs to head below 32.7 on the...
Our friend Bitcoin is still so uncertain as to where it wants to go in the market. When we think were about to see another break, the bears come back and shut it down. I am sure many people are getting disheartened with crypto lately but this is a new market that is growing and not going anywhere, so this could be a time to not be in the market. Not having a...
My two hour Bollinger Stoch RSI over sold. If price touches lower Bollinger (20, close,3) with Stoch RSI oversold it not good news Y/N Also bandwidth very narrow some of the best breaks happen when narrow. Confirmed touched lower Bollinger . Could turn around but then again Stoch RSI was over sold. NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN REEARCH.
EOS raised USD$4bn from investors however this past Friday, 200 developers were on a conference call Friday arguing about the platform’s launch. Since the call, EOS has fallen 20% and its market capitalization is currently USD$10bn. The founding group, Block.one will not control the protocol and will allow individuals and communities instead to control the...
Monthly Trend timeframe showing Zcash has been in a major downtrend since being added to Bittrex. Price was recently rejected from resistance at 3.3 million satoshis. Expecting price to retrace towards our major support level 2.5 million satoshis. Stochastic RSI showing no signs of slowing down. Weekly Shifting over to our pattern timeframe we see price...
My two hour Bollinger Stoch RSI over sold. If price touches lower Bollinger (20, close,3) with Stoch RSI oversold it not good news Y/N Also bandwidth very narrow some of the best breaks happen when narrow. NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN REEARCH.
Binance, BNBBTC fundamentally solid coin with great long-term potential. Also one of the better performing coins, especially during current uncertainty or BTC corrections and bear market. I've talked about the inverse relationship of BNB vs BTC before so you can read about that under related posts as well. But let's take a look at how it's performing right now...
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of June 2018 . Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 57.47% PROFIT!!! The increase in price may also be explained by positive developments including: April...