$MANA Potentially the beggining of a trend reversal
I waited for an official close on the 12 Hour before publishing this chart.
MANA has closed convincingly above the Kijin on the 12 Hour.
The Tenkan is starting to curl up, if we can get a TK Cross this would help with bullish sentiment.
The biggest hurdle will be 1039 which has acted as key...
Litecoin has retraced 50% of its recent moving up and is heading north again. 5/12 EMA, MACD, on On-Balance Volume looking good on the daily chart. Looking for an exit price above $55.
Set up is invalid if we close below resistance at $40.
The Picture above paints the most bullish outcome of the inevitable Fake out + Break down to come! get ready, this is happening! 100% chance.
watch the 60 MA on the hourly ( or 15MA on the 4 hours) a clear break above it will signal the breakout. wait for price action to appear to use this MA as support for full confirmation.
I believe this fake out will have a...
This is too advantageous not to take. First I will list the reasons to short, second counter argument and keeping the best for last, why NOW?
Reasons for shorting:
- Bear market...
- Market cycles (we are at denial now this has been valid hundreds of times in the past, why would it be different now?)
- I see alot of people telling others they should buy and...
Ahoy Traders, We've got another BTC DAILY UPDATE Coming at you!
Not a lot to report from yesterday, we still haven't had any price action even after the futures close which was interesting. Historically we've seen some movement in anticipation to the close and on the close we get the biggest action but yesterday, we had barely anything!
After testing the 1-Week EMA support level, the AltCoin Market Cap seems poised to further back-test to the 2-Week EMA--a level the bulls must hold in order to keep confidence in the upward trend.
Both stochastic oscillators are exhibiting bullish divergence patterns that have room to complete.
This is a speculation on what will happen with BTC. Mind that i don´t have a glass sphere where i can for see the future with.
I first drew the support(green) and the resistance(red)-lines. I found them using the volume indicator. The resistance line is drawn down on a point were high volume was met. For the support i used is the deepest point met in this time...
Appears to be a pretty solid bull flag on BTCUSD. However, the formation does not confirm which way it goes.
MACD is pointing towards a Bullish reversal, but its still bearish
SRSI is indicates BTCUSD is oversold, which is bearish
It is being supported by the moving averages, but I would short if it goes push down the 200 day
not present on the chart since because...
Hope you are enjoying the holiday if you have someone special in your life. I got my bulldog a heart shaped dog cake today :) Will post pictures to my twitter later.
There has been a tremendous amount of FUD on twitterverse and other channels. Let's look at the charts and be logical here.
1) We are trading inside the dumb zone. There is literally...