As you can see in the chart, monthly is going up, and MACD is turning up. BUT... and this is very important to take into account, weekly is super overbought. That means it must go down again sooner or later.
I don't like the situation at the moment, to be honest. Maybe I'm wrong, but maybe not. If monthly MACD crosses below 0 once weekly starts going down, BTC...
I've just read some news about what happened today. It's been an Asian guy who bought a lot of BTC and triggered the longs of a lot of computers.
The trick is easy, and I think this is the way he did it,. It's just my idea of what happened:
1st: You buy a lot of altcoins some days / months before the big pump.
2nd: One day, you pump BTC if you have a lot of...
I've noticed LTC is about to drop hard. Daily RSI is diverging heavily from price. It has diverged four times, so it will necessarily drop.
This is not financial advice. I won't be responsible of anything if you base your trading in this idea.
Have a good day. =)
I can see weekly about to turn down. It could show us a lower low. So if you have gone long, good luck.
It's just an idea. Don't base your trading on this idea. I will not be responsible of your actions.
Have a good day.
I’ve analysed the previous peaks and bottoms and I’ve seen the pattern repeats.
As you can clearly see, it bottoms at 0.382 Fibonacci.
It means we’re in the middle of the correction, what would match the idea of the NVT ratio. In the previous post, I showed you that the level of the NVT ratio is really high, what means that the price is about to turn...
Hello to everyone. I want to show you something interesting. I want to warn Moon boys about what it’s about to come.
NVT tends to go up as price goes up. But when it goes too high, it needs to go down to start the cycle again. The fact is that when it goes down, price does as well, and it’s at a really high level at the moment. I’d learn to short to take profit of...
Tether FUD has driven BTC up, but as I can see, there’s been a HUGE rejection and the price is still inside the small and the big triangle. That said, if it broke the small triangle upwards, the resistance of the big one would be nearly impossible to break. RSI 4H is about to turn down and RSI 1D has started to turn down.
Also, if you count the waves, it was the...
The last pump was totally artificial. Don’t get in if you don’t wanna get burnt.
It always happens the same. Huge volume coming from nowhere and price goes up so hard. You get in and price starts to go down. Exchanges do it when they need to increase the amount of buys and sells in order to receive their fees.
As you can see in this 5 min. chart, there...
ETH shows signals of a downtrend.
It’s losing strength and fractals show it will go deeper. There’s a Head and Shoulders forming, like you see above.
This is not financial advice. I’m not responsible of your actions.
Have a good day! :)
I still think it will go that low, even if we see any substantial bounce during the dump.
Here is why:
- Red trendlines are repeating and they all get broken at the end in a last massive sell off.
- Even weekly MACD seems to show oversold condition and the lines have crossed, it can just go up a bit and go down again. It doesn’t show a lot of strength.
I can see BTC in a descending triangle, ABCDE completed, Stoch RSI crazy and people still scared of investing. Also, I can see previous supports now resistances.
If you check my previous post of LTC, I can see it falling, so it’s probable all coins fall.
What do you think?
Don’t trade according to this TA. It’s just an idea. :)
I’ve seen a lot of people calling for a bottom at this point. I can’t see the bottom here. This is just another of the false double bottoms LTC is drawing. You can see a smaller one just above this one.
As I can see in another similar correction, LTC is about to reach it, but will do it in some months. 1.2 Fibo is a key zone, and to be honest, I can’t see LTC...
This is what I see here. It’s not sure it happens, obviously, but BTC is drawing a triangle that could break out downwards.
It’s just an idea and it could turn down whenever it wants, so be careful.
I’m not responsible of your actions. Trade at your own risk.
Good trading! :)
BTC could be drawing a falling wedge, what could mean it will go up after the pattern is complete. Anyways, I think it will be a really slow uptrend move, since a lot of people have lost a lot of money and they still don’t trust Bitcoin.
You can see ADX is low, so the movements will be slow, since it lacks strength, but it can suddenly change. Also, the DI- (red...
I can clearly see BTC is struggling to break those strong resistances. There’s a low probability it breaks them, but anything can happen.
Also, Stoch RSI wants to go down, and volume is starting to get red.
I would like you to feel like the ones that bought when the price was higher. What would you do if you saw the price going to this level?
After seeing it was pumping, I remembered the resistance I set in other posts. The resistance is the critical support it broke some days ago.
I don’t know where BTC is going, to be honest, but we cannot say it’s going up unless it breaks this resistance.
I’ve checked the Stoch RSI and it’s going to the overbought zone. It means a reversal is...
Hi, guys. I’ve checked the resistance lines and it seems it wants to go down, since 1 month chart MACD is really bearish, and also, it has broken the 50 EMA line.
As you can see, BTC broke the support and it has turned into a resistance.
Will it break it or not? Stoch RSI 1D is at max. level, but it can just make a new high and it would be wave 1 of a bigger...
Guys, I decided not to trade. I’m really angry with BTC. In fact, not with BTC but with bots and exchanges allowing bots to work because of the huge amount of money they earn with fees.
Bots buy, exchanges earn fees, people get in, more fees. The movement suddenly stops, people sell, more fees for the exchanges. Bots purchase again, and more fees. And so on, til...