The trend is your friend. Volume a bit low. Indecisive weekly candle. Macro-bull market. I don't believe we've topped out.
My bias is more upside to come. Leverage was flushed out of the market last weekend, the following wee has been reconciling and rebalancing for those who are afraid or accumulating.
I will be accumulating during this dip.
200% Gain To get back to previous all time high..
Cup and handle formation on USD Pair.
Falling Wedge on BTC pair.
Fundamentally solid project.
Self proclaimed "world’s fastest and most powerful decentralized exchange."
Solana runs on Serum.
As long as bitcoin behaves and continues to make highs, RIOT looks like it'll break out anytime now. Bullish pendant + hidden divergence on Weekly = bullish. If BTC doesn't have a huge correction in coming weeks I could see this jump to 37$ (70% fib level), which would be a major resistance.
What Is A Cup And Handle?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume....
Could it be? Could history repeat / rhyme?
Eerily similar so far...
We just touched the 20 Week MA.. 52 weeks since the halving... just like last cycle.......
75-77 weeks since bottom til the Halving event.... previous cycle and current cycle...
23 weeks from touching the 20 week MA til the previous cycle top... in 2017...
Meaning, November may be the...
In short, buy the dip.. we have found support on weekly RSI.
The market FUD is just playing into the hands of technical structure of the market..
Show me the charts and I'll tell you the news...
Look up bullish pennant continuation patterns... Likely consolidate longer before breakout later this year...
In a world of competing chains, the only way we see rapid growth with ICX and break this current trajectory (given the overall crypto macro landscape remains net bullish, and alt coins are in fashion), this would be the rough path to the previous ATH and new ATH with a rough fractal.
Sometimes you've just got to zoom out a bit and sit on your hands.
The unfortunate truth is that, bitcoin looks exhausted. This is the first red week (heiken ashi candles) and 2nd red week (regular candles) we've had, and a beat down from the ATH.
A couple concerns on the chart I see is the MACD is getting close to crossing.
We have also reached the "Pi Cycle Top"
And are tagging the parabolic trend line.
Do we get a...
#Bitcoin #RIOT #RIOTBlockchain
RIOT Blockchain as an equity relies heavily on BTC price movements.
BTC looks like it's edging to move up any day now.
RIOT, technically, looks like it could either break to the upside, or trade sideways pretty soon.
Given my bullish stance on BTC, I have a bullish bias towards RIOT, even though, competing companies have found...
Continuation pattern forming on both USD and BTC pair for AUDIUS..
Could see a continuation of uptrend soon.
MFI is oversold, RSI looks like it's finding some support.
Stochastic RSI price action is flat, looking for a crossover and move above 20 there (not displayed here), would wait for confirmation of these factors and a break to the...
Sadly, too many moonboys in the space who have no idea how market cap works as a function of price. Especially when the supply of a token has since inflated dramatically since the ICO / mania / hype / listing phase.
Yes the overall market is growing in market cap - however there are also many more projects competing for said market cap, so it's all relative.