Hello everyone,
EOS is looking bullish right now and found a falling wedge formed also breakout of it, also formed a small symmetrical triangle in the wedge also broke out of that, the measured move of the falling wedge would be the top white line that label measured move.
All the indicators I have on this chart confirms BULLS have the control, EOS is has been...
Bitcoin needs to pass our resistance line around 10k for possibility 2 to become more likely. We are consolidating in our triangle and I think we will see one more curve down before popping out and getting above 10k. Obviously I would rather have possibility 2 be the truth, but it is less likely. Volume is low and MACD turning downward. Lots of good news in crypto...
Risk: Medium
Please be advised that this is only an idea, so you are responsible for any losses yourself. Never put more than 2-4% of your account in one trade.
Give this idea a like to see more strategies like this on Tradingview, I'll give small updates only on Twitter.
Analysis:
Alright, as you know I shorted BTC since January. Finally, we have bullish...
Stats:
RVI - Dipped today and yesterday, expected from the last charts I posted.
VI - (-) Indicates that we have some more sales coming
VI - (+) Indicates that even with sales, we still have a bull run going (at least for now)
Volume - Highest volume this month, which is good signs for a bounce when combined with RVI and VI.
BTC/USD - BTC has been on a tare as...
NULS has formed a MASSIVE bull flag, with the pole extending from the all time low to the all time high on the daily chart. It just broke up after almost 4 months. This will take time to develop - get your popcorn.
After last night's move up, the possibility of a triangle correction that would complete the cycle-level 4 emerges. If this chart plays out, buying the E could be the BTC trade of the year, since you would be buying the bottom of a cycle-level 5 impuluse which should easily take us to new highs before its completion.
The deep 73%+ retracement level is...
Possible outcome if there is no follow through long term descending resistance, confluence of measured move and trend based fib and mid term ascending support around 6970,
A Short time frame Scenario points to 8.400 usd for BTC.
As previous Descending wedge break out was not with volume and violent. A trade around 8.400 levels might mean, the worst is over but the recovery will also be slow.
BTC/USD Shorts at all time highs and BTC is not dropping anymore. Also BTC has showing signs of weakening sellers as the falling wedge touched the upper band.
Too early to bet but some sunny days might be approching
I think this chart pattern that I am seeing lately should be called the Death Dagger :)
First of all, NO-I do not think BTC is going to die! Although, it may be going down for an 8 count!
So far my trend analysis has been very much inline with how BTC has been behaving, this is very exciting for me! There is no magic here, just using my data analysis...
Since 06 FEB dip, BTC has rallied and has been churning around the upper band. This is a bit nervous structure for both Bears and Bulls. For bears , definitely waiting for the lower band to get in while bulls and anxious about keeping in the down trend. My experience tells me that, there is a kind of will to go up but still waiting for the cheapest price to start...
VecChain has been forming what seems to be a huge pennant, similar to lots of strong alts on the market.
~15 days, it will reach the end.
With all the market FUD we have had over the past few months, VENBTC may struggle to break out of the pennant due to bitcoin's movement.
Either way, we are seeing a 12345 impulse towards the resistance - lets see how this...
Quantamize proprietary Machine Learning algorithms have generated a 3-day "Buy" signal for Litecoin as of 3/12.
We will be updating and producing more signals today and posting performance as well - stay tuned!
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Any updates to this 3-Day...
