Price now getting close to its descending trendline & resistance, now waiting for a reversal candlestick to go short or a break & retest of resistance & the trendline to go long for a deeper retracement
Will BTC break the channel and push towards higher highs or will it drop back to 6k creating a double bottom which will put an end to the bearish market and then get to higher highs. Either way the destination by end of the year should be much higher than the 20k that we have seen. What do you think?
I've been long BINANCE:XRPBTC since November of 2017. It's pretty different than other cryptos, at least in a sense. The long-term goals of bringing efficiencies to the bloated traditional financial industry, in my opinion, means that BINANCE:XRPBTC has nowhere to go but up in the long run. We've seen major movements as BINANCE:XRPBTC rapidly moves on the...
I've had my eye on SWTBTC since December, but I haven't given it a diligent analysis until the past couple of days. Looking at the charts, it is clear that SWTBTC is in a consolidation period since the high point seen on January 21st. Since then, we've seen several repeating triangle patterns, each one smaller than the last. Well, it looks like that trend is...
Price is trapped & will have to make a decision on the direction it chooses to take soon. Watching for a breakout
Price is at a decision point near 1.17450 daily support, will price break lower or respect its uptrend line & bounce back to the upside? We will have to wait & see. Also looks like a potential inverse Head on shoulders pattern, so we could see bulls come back in.. Patience is the key
There is nothing new under the sun. On the weekly this pair is currently in a downtrend. Price is resting at a critical resistance level. The will tell if either: - the 382 holds, hence the pice forms a double top and then continues its downtrend or - the price will form a complex pullback in form of an ABCD pattern and hence provides an even better short entry...
This is possibly my most-involved idea with many working parts - which in hindsight is less than ideal. In any case, we can see a rising wedge forming due to the higher highs and higher lows that this pair has been experiencing since mid-2015. From here, we have two distinct options: i) The price rallies back with a possible 'intra-wedge' play where it has the...