Eth failing to break through cloud resistance.
Btc isn't breaking through either, could be dumping soon.
If it closes in the cloud, target is 0.5 fib level @235 area
If it dumps, next support is at Kijun/Tenkan support area @200-204 area
Nothing is bullish about Ethereum, keep that in mind.
Bitcoin is probably the best crypto to follow closely as everything else will just follow BTC - Including Ethereum, although Vitalik likes to disagree.
So, what do we have:
(1) A bearish TK cross. Price is going sideways so I don't think it's that valuable at the moment, but it is still bearish.
(2) A bearish...
Right... Without going into too much detail, BTC is more ''bullish'' than it has been all year so far, according to the cloud.
At the moment, on the 1 day chart, we have:
(1) Lagging span above the price - which is, in my opinion, one of the best early and aggressive entry signals for traders, this is a very weak bullish signal but usually the first component to...
EOS/USD. TK cross above the cloud, although it's just an inch outside of the cloud this is a WEAK bearish signal
Lagging span is under the price which is pretty much the first indicator I use to aggressively short a currency that has seen a massive increase in price.
Bullish kumo is getting thinner indicating a possible future bearish kumo.
Stop loss at levels...
Soon we will see this baby close in the cloud. TK cross about to happen, but most likely in the cloud which is a neutral sign.
BUT..... Edge to edge trade opportunity. Flat Kumo at the top, thick cloud. Once prices closes within the cloud there is a great chance that price will go straight to 350 sats (that's your target folks).
STOP LOSS: 208 sats (Kijun Sen)
Like last 3 charts I posted. Ideal opportunity to accumulate the biggest losers in crypto. This time it is Cripple, probably the biggest trash in my portfolio. Down 70% from its ATH 3 months ago.
XRP is known to pump like crazy when alts rally.
Buy, set and forget. It is charted on a 1D chart so make sure you hold accordingly (aka, medium to long term). Can...
NEO is down 55% from its last ATH. That's quite a drop.Like last 2 charts this is a good opportunity to start accumulating.
For the new people here: NEO and all other alts except for a few don't show ANY signs of a bull trend. All of them are in a bear trend according to Ichimoku (the best indicator to determine trends). However, this is a good opportunity to...
If your goal is to accumulate more BTC you could get some ZEC at this point. Looks like it has found a bottom. Lower line is support, if it breaks just sell and buy back later. Buy now and you have a potential x7-8 in the next few months.
I will be waiting for BTC to dip down the 7800-8000 USD area. Why? Because the market is not in equilibrium. We have seen a huge surge in price, suddenly everyone wants to have a piece of the Bitcoin cake. The market likes to come down back to the Kijun line (red line here) which is a major support level. Reaching that price would mean that the market would be...
BTC is heavily overbought. The pitchfork has been dead-on accurate so far and the price is just miles away from the Kijun. This is not healthy at all and we will see a correction soon. Think we will see a c-clamp formation between the Tenkan and Kijun (Blue & Red line) soon. Bids would be at the kijun around the 5900-6000 area but I don't think it will reach that.
We will most likely bounce on the 4000 USD support line, just like the last time. BTC crossing the 4400 resistance was important, but it didn't so it was clear that we would see a small dip.
Keep in mind that with the current S2X drama going on and the Bitcoin fork the charts we might drop some more. But I don't expect that to happen after we've gone up first.