Bearish scenario based on a diagonal resistance and SMA 100 acting as a resistance as of now.
If the direction changes, we could see 85-90$ for a barrel of WTI.
These dayz BTC rules the game, so if it fails. This chart is not to blame.
for LONGs , a MACD crossover on a daily and staying there, plus RSI > 50, Stoch RSI > 80.
for SHORTs , a failure to do so OR breaking the up-trend line.
I know there are a lot of believers in LTC, kinda picking it over BTC. There are reasons for that.
MANAGE YOUR RISK DUDE.
P.S....
1) 0.236 fib's bounce and 0.5 rejection. Let's see if it can hold thick green, we might see testing it.
2) RSI rolling into <50 zone.
3) Stoch RSI crossover.
If thick green is broken, we getting to 0.236 of 900-20k move.
for LONGs I want to see a crossover on a daily MACD and RSI break-up the trend line and staying above 50, stoch RSI better be above 80.
for SHORTs If we don't get these confirmations stated above or if we the uptrend line breaks :) (dashed prediction)
Not overloading the chart with technical, 'cuz it doesn't matter.
Please manage your risk and you will be...
There seems to be a pattern in THCBTC or Hempcoin, that consists of 7 small waves between significantly large movements.
I tried to average out time measurements between the waves, as well as price measurements from before the start of the large impulse waves, to the peaks.
I did the same with the smaller waves, although they are kind of inaccurate due to the...
