Looking at a long setup on BTC off the 4h chart
Waiting for willy to come into stupid
Same as the histogram, would like to see a div
OBV looking healthy and has crossed bullishly
Low volume so would like to see the bulls drive the bus
We are in location at the buy zone between the 618 and 786
Price trading right at the POC
My target objective would be at the 618...
Is this the perfect storm? Perfect 618 tap on the Fibonacci along with a bullish divergence on the daily timeframe.
Looks good but remember your risk management on this one. Could drop lower if Bitcoin has a bad day.
Looking at ETH on the daily chart
Bullish divergence in Willy
Bullish divergence in Histogram
Bullish divergence in OBV
Price retracing to the 618
Nice W in price to set a floor at 618
Waiting for the bulls to step up and take control of this beautiful chart
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The halving spike historically has happened either roughly 30 days before or 30 days after the halving event. Many consider the recent run-up to $144 as being the halving spike. This is far from the truth, the recent run up was due to BTC's astronomical rise. Halving price spike has not been factored in yet.
Where is the proof? The fractal shows an upcoming...
Priceline of Litecoin / Bitcoin cryptocurrency is forming harmonic patterns with continuity.
1st the price action formed bullish Shark pattern and gave more than 168% profit, now it has formed bullish BAT and entered in potential reversal zone.
Price action is hitting the support at 0.007001 sats which is not broken since Oct 2017.
Volume profile of both patterns...
TRX vs BTC
TRX has wicked right down to 1 sat.
As the saying goes "Wicks and tails like to be eaten" 92% of the time wicks and tails like to be eaten meaning price generally fills in the wick, so a visit to 1 sat is probable.
Possible iH&S on the 4H on LTC which would be seen after a downtrend. The long wick on the left shoulder annoys me, but IMO it still qualifies as valid. I wouldn't expect anything but a short term push up though, low time frame and altcoins are still in a bear market. But might be a good play.
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> > Wedge (bullish) formation intack
> Potential Buy Zone (highlighted on the chart)
> Hidden Bullish Div. on RSI
> Waiting to see Bullish div. on Stoch. It would be nice but not necessary for a bullish divergence on this indicator as well.
> Fib.Circle can be pivot point
> Key support line as well
> In the next week and less than 2 weeks, we...
It fell out of a rising wedge and RSI approaching support which most likely it will break, unless it bounces off the RSI support. LTCBTC will also drop under the ichimoku cloud which is bearish and might test the support of the downward blue line. Unless it bounces at the bottom of the cloud.
A drop in LTCBTC usually means a rise in BTC .
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~BITCOIN DOMINANCE ANALYSIS~
We have a sell signal on Market Cap BTC Dominance chart on Megalodon indicator with an ABCD bearish pattern. The target for the ABCD is also corresponding with our shorter term 61.8% levels. Coincidence? I don't think so!...
LTC/USD - is halving pump over?
Looks like 6 month of uptrend in LTC/USD was not just follow up with BTC rally to 14 k, but also the upcoming halving pump. Struggles at 140$ area followed by BTC dump from the 2019 highs triggered massive sell off even before halving occurred and LTC price didn't manage to come back at 2019 highs at 146 $ again....
Litecoin is showing a lot of bullish potential so long as it can hold this 61.8 level, which for the time being, seems like the most likely scenario. We can see that Litecoin appears to be consolidating right at this 61.8 level, and with that, building momentum. The 1 day time frame is looking strong on the Macd and we are getting a green bar on the Megalodon...