Analysis is in the chart. Long story short we still have a long ways to go and the momentum indicators are not looking great. If you look at my other analysis on the hourly chart you'll see a bearish divergence taking place on the RSI. Seems 70 is the cap in this market and this is why we are seeing prices stalled around 8.5K zone. Anyway have a look at what...
From the chart, we see that we breached the longterm trend line. It could be a sign that we are going further down in a few days, or that it was a false break down. However, typically on the past 2 crashes, we were following with strong buying volume as pointed out by blue arrows. Today there was not much buying volume as i would like. I wouldn't place any long...
BTC seems to be on a pattern repeat. Both on the price line and RSI. Let's see how this plays out, I'm bullish short term. 1-2 days. But bearish long term. We might end up testing 8.5k USD soon, after a retest of 13.5k range.
| Summary | Fuelled by the perfect storm of uncertainty in Asia, regulatory pressure in the US, lack of market exuberance and over extension in price action, the 100d MA Bull to Bear Cycle has now completed with price action hitting the 100d MA support on 16/01/18. The current cycle lasted a total of 124 days, which is an over extension of 8d past the...
Disclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that TRX is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is...
Disclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that REQ is an excellent investment. After following it for a few weeks I made an investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a...
Low Selling pressure, holding above 10.75 is Bullish
Looks like another wave 4 correction is possible here, but plenty more on the upside after a correction. $500 or so is my target to the 38 retrace.
There are some active resistance and support lines occured for #NEO coin. We are at the bottom support line. Here is really important. If it turns back from this line we can see impressive rally. If it cross below this line, it goes down for next level. Hope have a good one!
50 ma is very strong. buy now get plusminus 20% if youre daytrader or hodl for 240$
We have reached the first target. Maybe some extention down to reach the green bar, only if to recover back to these levels can be ok. If these levels do not hold. We have to replan everything
Not as we used to know.Maybe OMG too crowded? A nice pop up not followed
Turns out that we have 2-3 weeks to stand still while BTC smoothly goes down and touches to the weekly channel support around 3.600-3.700 So, I took a look at the Bitcoin history, as we have time right? It seems, the excitement about bitcoin, has changed gear for the last 2 years. And if specifically talking, RSI , since the end of 2015 has been touching to 50...