XLM is looking like its in a weak support area here
I'll be keeping an eye on it and playing the price action based on the way it reacts to the areas shown. as well as the EMA/SMA combos i use across various time frames plus a few indicators (not shown)
i think it has some room to drop some more but it may stay in the minor support zone if BTC continues to go...
This shows my current perspective of the BTC standings. Although I typically only scalp price action, I thought this was a good time to share my current game plan for trades as well as my short term DAC ideas (see disclaimers)
Rite now we're in the blue range and i've been scalping this price action here (along with some alt coins)
if the blue box breaks to...
this one's for my XRPeople - i dont get to do many positive XRP charts (because i have a largely negative view of the token) but its really fun to trade! - I think we see XRP break up around the 14th - 16th to lead the next break upward. Because I think we have our next big move down in the beginning of March, I also think Ripple will pump up this terrible token...
The pump today was great! giving us another confirmation point of the triangle. These are the areas and approximate time frames I will be looking for BTC to finish out this pattern.
-Safe Trades & Happy HODLing-
BTC is now is a nice symmetrical triangle pattern towards the end of what I reffered to as a "QuasiMoto" Invalidated IHS on my last chart. I will be looking for a break-out of the resistance lines that we are now up against in order to determine the forthcoming trend. it looks bullish to me right now since we are coming off of the last double bottom that was...
I still see people hanging on to the Idea that BTC is in an IHS pattern. I DO NOT BELIEVE THIS TO BE TRUE . If it is an Inverse Head and Shoulders pattern, then its some kind of hunchback, or two headed monster!
- What I see are double tops and double bottoms. Same typical pattern we've seen all year. You can see the volume at the bottom shows a higher level...
6k is gone - 5200 went quick! - let's see how the 4200 hodls up to the bears.
IMO we should see a break down... or up.... within the next 5 days (+/-)
These are just my opinions
*Safe Trades and Happy Hodling*
This are the current conditions I see.
before making any long term trades, I'm waiting to see which (2) of these lines need to break in order to determine if we continue in the 2018 bear market or make the transition into a bullish outlook.
i believe that both the channel lines and trend or support lines need to break in order to positively determine the...
Here's a continuation of my first chart showing the current BTC conditions and my outlook for October & November.
With the bottom support line having held all resistance through-out 2018 I'm expecting a break upwards as shown.
*this are my opinions*
- Safe Trades and Happy HODLing-
Here's My First Chart -
We've all been watching BTC all year and this is what I've been waiting for!
With each double top pattern ending with a trip to the bottom support line, we've created lower highs as the year has progressed without breaking the bottom support line.
Since August we've seen higher lows, as well as lower highs, as the price continued to...