LINK/USDT has been trading in a smooth ~20%-~30% horizontal range (sounds lucrative already) since Mid-July, suggesting reasonable consolidation in the area.
We are in favour of a long position considering some interesting observations:
- It's one of the few pairs that have managed to stay above the 100EMA lately
- Positive divergence between RSI and Price on...
We are looking at an interesting triangular formation in BTCUSDT (DAILY) with support line validating back to May '19.
Below are some interesting observations that we'd like to share with our followers:
- Dual support coming in from 100EMA (Daily) and a validated up-trending line.
- Price consolidating in the Triangle means BTC could possibly be targeting...
BNB/USDT is finally reaching our desired accumulation zone, offering an exceptionally good risk to reward ratio at this point.
- Up-trending slope (1) has been working flawlessly since Mar '19, and we certainly expect some bounce from it at this point.
- Some of our followers may be doubtful about this trade looking at the Negative crossover...
we now have access to the total crypto market cap excluding bitcoin right on tradingview! we can now apply technical analysis directly on the alt coin market cap chart! unreal!
1. we see the major trendline break (yellow dotted)
2. key psychology levels- $100 billion, $50 billion, $25 billion marks (teal lines)
3. descending channel (white)
We have been following this BITCOIN log chart since Dec '18 and it never disappointed us. BTC has been in a mega bull channel since Mid 2013, and looking at it with past halvings marked makes even more sense.
Cut to the chase, 10EMA on weekly is intact, next halving isn't far away relatively, and lower slope has further validated itself since Feb '19 spike....
BTC has been been consolidating in a defined range for quite some time now, giving top 10 alts some breathing room and prep time for a leg up. Reviewing XMR/BTC daily and 240m charts, we spotted a worthwhile trade that we're sharing with our followers now.
Breakout from the horizontal range dating back to 2nd August, followed by a quick retest means the chances...
An interesting DOJI is being formed weekly with the oversold RSI. In D1 there is a small double bottom in formation, if it breaks the previous day's candle is a good entry for a long term profit considering fetching 0.00003318 btc but with resistances along the way. In the medium and short term we have 0.00002767 with a 1: 1 risk. RSI pointing upwards in a bullish high.
With BAkkt set to launch Bitcoin Futures next month, it moved from 700$ which was expected with the FOMO.
The dominance has been significantly rising in January 2019 and made a strong uptrend movement.
However, with the fear index rising we can expect a drop in the dominance which can be good for altcoins and also for institutional buyers, as it can be also...