Even in this parabolic move up, how long have we stayed above the 250 BB (green) with a 3.2 SD? The 125 BB (red) is working great on the 5 & 15 min for a hint on when it'll pump or dump. Judging by passed drops into the "Red Zone"/125BB's, it looks like it'll drop to around 9K minimum in my UNPROFESSIONAL opinion. It's been working for a while now so I'm...
$OSS swing idea
1. Recent Earnings
2. Retraced to all time low (Multiple bottom)
3. Upcoming Conference 6/4/19
Market is weak so small caps and all other sector is bearish. So I'm looking for low risk entry with tight stop loss.
1. Enter within the Orange and Red Line OR HOD break of Friday's candle - Scale out 5-8% (target is the green line) but...
The volume behind this rally is not impressive. Ever since the break of 6k the volume has been declining, which suggests that the last several months of price action is consolidation before another big move. I am expecting another re-test of the descending trendline around $3850 to set a lower high before continuation of the prevailing trend.
From the daily chart, we could see that Bitcoin is sitting at 2 supports.
By now, we could confirm that the inverse head and shoulders did not play here, instead, it went sideways now for a couple of days.
after the bullish pennant, it went up but was denied by the 4200 resistance.
Volume gets lower and lower.
Could this be the turning point of...
Possible break out soon.
Low Risk / Reward to 50 dma
Stair stepping on daily making higher lows
Indicator: RSI is at 45 and has been increasing (not overbought yet)
MACD still in negative so this might spike soon.
Recent offering in 2018 had created a sell off and currently accumulation has been steadily moving the price higher.
A 10.56 Risk to Reward Ratio on this with a tight stop loss but strong upside potential if it breaks out. I put targets for both sides just incase you like to short ;)
Moving Averages also look to be crossing soon with the volume dropping low ( a nice sign for a potential breakout.
The Pivot Point system is very close together. Not much momentum right now. Over the Easter holidays, there will be only weak trading volumes and may be no price movements or even erratic movements without direction. On the longer term, the price of Bitcoin will remain falling with erratic movements, but always below the blue dashed line.
We have found a great deal of resistance a number of times now at $11,700 and everyone is on the fence about deepening any more positions regardless of been long or short. The trading range feels like it should be playing between $11,700 - $8300. Transaction volume is at a 2 year low.
Won't take much to pull the carpet from under btc's feet.
Target 10k and I'll...
After taking a look in to this chart i have seen some potential if the price bounces of the trend line (which was once already broken in the past).
For a small help there is a random support/resistence line which i have no clue about why is it there.
The rsi just bounced back up a bit but the Stoch just crossed on bearish side.
LTC just finished 5 Elliot waves on the 1 hr, 15 min, and 5 min chart. imgur.com In addition, RSI is overbought at 80 and is showing bearish divergence. The decrease in volumes mean a decrease in the number buyers. Once there are no buyers the bears take over and push the prices down. The uptrend is obviously losing a lot of momentum and will...
ETHUSD Update: Nice breakout of 310 on rising volume , but no follow through while BTC is making all time highs? Although price structure remains bullish , I interpret this lack of follow through as a sign of weakness. If BTC is the leader, what happens if there is a healthy retracement in that market? Or is the correlation unwinding? I don't want to be long from...
ETHUSD Update: The 215 minor support held as price slowly climbs back into the 227 to 240 resistance zone . The 215 support is a higher low structure which is usually a sign of further strength, but the problem at the moment is lack of follow through which can be attributed to low volume . If this market fails to take out the 240 resistance, a retrace back into...