Doge resist all reason anyway, so why bother. You’re either selling or holding. But if price can’t find support in this zone, it’ll break down for a big Bitcoin-like 90% fall. I’m holding by the way.
HA candles show XRP is still in an uptrend despite being bipolar this week.
Ripple wants it. I feel like a lot of investors dumped small coins and BTC for ETH yesterday. But buyers are stepping in for ripple. I believe.
I feel as though this could be forming, but doge is giving a lot of mixed signals. Everyone thought Elon on SNL would give it a boost. I suppose we will see in the next few days if he did, or if this is not the true signal forming. I’m holding.
ETH isn’t sure on the 2H. 4H and 1D don’t show a turn around but that’s a bearish looking flag! Not buying until this flag resolves, for BTCUSD and ETHUSD!
Bitcoin dollar, Ethereum dollar, and Ethereum Bitcoin all converging on sub day. Day and week agree no downside signals. Prepare your butts for upside.
The MACD is crossing even, and pointing down. A symmetrical move from the high to here, and from here to the symmetric low, would put the low around ~$33500. If BTCUSD doesn’t find support at 48-50 the next bottom could be there.
BTC to $58k, then to $68k before starting a longer term correction period that may see large BTCUSD reduction
declining sell pressure, 1D uptrend, 1H consolidation, MACD not overbought, all continuation
After 15 hour bull flag breakout new support on 1H at $2360.
The selloff volume at ~$58,500 was much higher than the subsequent selloff at ~$60,000. The latest sideways movement is coupled with declining volume, price centered in standard Bollinger bands, and a MACD at the same general levels as the 2020 long upward trend.
H&S + MACD + 1D close above the resistance = long w/ sell at the 200DMA
BTCUSD breakout to the downside. I was once told that 1D and 1W aren't granular enough to trade BTC. This is false. Never ignore the macro.
The 200 Moving Average on the 1 Hour scale appears to be a solid indicator of trend for BTCUSD. Note the 1H200MA has been support and resistance for some time, and indeed as I go back weeks on the 1H scale in notice this trend has increased.
Still slightly oversold on the 1 week scale. The Stochastic RSI has only just begun to wrap back up, and the MACD hasn't even begun to creep towards a bullish turn. The next support level at ~5600 is roughly midway between a .618 and a .786 retracement, so that is where I'll anticipate the next zone of support. I expect price to bounce and trade sideways before...
Very clear double-top coupled with the resistance line repulsing price back under 9k means the 1 week MACD is still in effect. 1W MACD is still overbought but nearing neutral. The Stochastic RSI on the week scale is oversold, but as a smart man once told me "stochastic RSI can stay overbought or sold for a looooooooong time". I still don't see this as (a)....
The resistance line from yesterday still stands. If it fails ~$8300 is the next support test. I am looking for a breakout of ~200 points, then I'll be watching the price to test the next support line around 9400-9600. The 4H and 1D MACD shows promise but I am still skeptical they can resist the 1W MACD which is still firmly bearish. I am still leaning towards the...
Can't ignore the 1W MACD, which hasn't even begun to curl towards bullish yet. Not out of woods. New estimation near 7k in a few days. Recovery hopeful but doubtful until then. WATCH THE MACD on the 1W scale!