so many bullish fundamentals going on right now with the impending arrival of ETC to coinbase and on top of that Robinhood beating them to the punch and making it available on their app as well. Not much more needs to be said really.
Give or take a day or 2, as long as we don't break under the 1 day 50 ma we can expect a golden cross in btc by the 29th of August. Let's hope we form a higher low before that can occur.
3 lines of potential support for this fall I'm seeing our number 1 at 7413 which is top trendline of the big descending triangle pattern / adam and eve neckline we broke up from # 2 is the 4hr 200ma at 7060-7080 #3 is the 1 day charts 50ma at $6853..to have a chance at forming a higher low on the day chart, triggering the current cup and handle unfolding and the 1...
it could also happen sooner if the trajectory of the 1 day 50ma(in orange) curves upward more, the 200ma(in blue) slopes more downward, or both.
A much needed bullish volume surge breaks price action back up above the 4hr 200 and 50MAs and sends us back up towards the neckline of the inverted head and shoulder pattern. People are attributing it to the rumor that Blackrock is considering getting into crypto ETFs. Botht he 4hr stochrsi and rsi are super extended in the overbought zones..so I think our most...
We got a nice little green impulse past couple candles with some very strange behavior going on with the orderbook over on gdax likely from bots.We can see now that we are a bove a very ugly looking inverted head and shoulder pattern but we can also see the 4hr stoch rsi is overextended and must eventually drop sooner than later. If we can maintain the price...
If we trigger a bullish break upward from both the inverted head and shoulder pattern and the falling wedge pattern we will next be testing the much larger triangle pattern we are inside's top trendline. Breaking upward from the bigger triangle pattern has the potential to take us to 20k+ and saeeing how we are nearing it's apex as well I think up is going to be...
Staying neutral for now as we seem to have found a resistance at the 1 day charts t line(in yellow). We never hit the huge bounce support zone of 7,000 before this rebound so there's still a slight chance we could head back down to test it....however the 2 most optimistic signs I see right now is first, we are reaching the apex of a triangle that I think will most...
I was thinking any lower than 7350 would greatly decreases the odds of our cup and handle pattern because usually the handle does not go down further than half the height of the cup. However a cup and handle as wella s the double bottom for that matter is not truly invalidated until the price action has dipped well below the bottom of that patter so with are...
Interval: 1h Short based on Golden Ratio Indicator
Long Oportunity on NASDAQ 100 Entry: Market Execution
Short Oportunity on ETHUSD: Interval: 4H Indicator: GSTesting
On the 4 hour chart here you can see the head and shoulders so far has avoided being triggered after the 4hr candle price action rose back up above the head and shoulder neckline before 3 closes..However on the current 4hr candle, it is now dipping back below the neckline so odds are good it will eventually still break down from the current broadening ascending...
Just realized I updated my last idea without updating the price movements of the 50ma, 200ma, ascending grey trendline, and pink eve trendline...I also pointed at the golden cross a littlebetter. Please refer to my last idea for more in depth analysis on all these things. I am short term short, but still long term long. Good luck thanks for reading I will post a...
Here is a basic layout of all the major support and resistance lines currently on the 4hr chart. The t line has been acting as resistance for a little while now but is teetering on the brink of flipping back over to support. If it does I anticipate the 100% fib line will become the current resistance. If it maintains resistance at the T-Line then we will likely...
It was confusing to me why there was such an unexpected bull surge recently immediately following the death cross on the 1 day chart on bitfinex. We climbed almost to the last recent climb but couldn't attain a higher high above it before now finally seeing a bearish reversal...This may be because even though the 2 moving averages have crossed on the current day...