We SHOULD bounce here but not sure, coin flip feeling. Lets see what happens.
Candles look like garbage.
We have had the second touch of the 50 MA daily which was expected. Ichi cloud still floating the price. Candle looks to potentially end up being a dragonfly doji or a doji star. Lets see what happens.
Bitcoin confirmed cup and handle on 4 hr. Moving averages holding great. Ichi cloud is holding great. RSI isn't maxed out yet. Really simple chart. Would get in front of $32,000 a bit for TP. Not sure when we are going to get any sort of meaningful dip, shorting this trend would probably not be fun. Not investment advise just archiving my thoughts. ...
Chart is self explanatory. If it breaks out of the right shoulder and holds a few days, the pattern is invalidated. However if it breaks below the neckline and holds for 1-2 days, we are going to tank to the lower support. RSI is the only potentially positive thing which shows room to the upside, but could still fall through the floor. Not investment advise just...
Link has had an incredible run. We all know up moves don't last forever, will Link hit 50$ or was 20$ the top? RSI looks like it has room to run but that can be deceiving. Trend line clearly broken. Potential bids at pink boxes depending on situation. Also looking for possible retest of the blue trend line but would have to break above the lime green 100 MA line...
I don't mess around with Z-cash much I just couldn't help but notice the decent sized Eve and Adam pattern on the weekly, as I understand it, it's a rare reversal pattern. Neck line is not perfectly horizontal but shouldn't matter. We have already experienced a slight break out. The coin has also found support on the purple 100 MA line (not enough history/data to...
Its hard to conceptualize a $50,000, $100,000 let alone a $500,000 per BTC price in the future, however the log chart really helps with the visualization. Just trying to illustrate the headroom BTC has to run, and how quickly it may do just that. Not 'technical analysis' just exploring the possibilities. This is not trading advise, just archiving my thoughts.
We have spiked since my last post about going long on BTC. Signs were obvious of a bull move, but how long will this run? My First TP level has been hit, looking now for a reentry for the larger move. Massive weekly head and shoulders MAY confirm, not there yet. If we do not confirm weekly candle above the pink neckline, we may reverse back to the Ichimoku cloud...
It would be great to see this reverse and not complete, but the technicals do not look good for LTC. It is under several relevant moving averages, inverted cup and handle thing may break down, but not confirmed. Daily candle close below my arbitrary lower descending wedge line, which is not great. Lets see what happens folks.
Hello all, indicators currently showing potential of an up move in BTC. We have had 5 weeks above the weekly Ichimoku cloud, the more time we spend above it the more likely we will see a rise in price. The Bollinger bands are not drastically compressed, which indicates we may not see an extreme movement all at once, however there is plenty of room to grow into the...
Bitcoin has a clear break of diagonal shoulder resistance on 4 hr, but still inside the right shoulder of a potential head and shoulders pattern. RSI showing nothing substantial, MACD is hinting at a move upward. Decreasing volume. Seems an even mixture of bear and bull sentiment out there, hard to read. Will wait for clear up break of head and shoulders before...