BTC is currently in a falling wedge pattern that is getting more narrow as the price range consolidates.
Based on Fibonacci levels, we can draw probabilistic outcomes for BTC medium-term price action.
As BTC moves down the falling wedge pattern, the levels I am watching for a major trend reversal are $7,500 psychological and the .78 Fib level ($7,200). How the...
I wanted to touch on an important topic that often gets overlooked or not discussed in the Cryptoasset space. This discussion has to do with global macroeconomic trends and how Cryptoassets fit into the larger overall picture. If you aim to be a disciplined and successful value investor, you have to take global macro trends into account as they absolutely play a...
EOS has broken the previous EQ pattern Bearish. I see this movement very correlated to BTC recent Bearish price movements.
I would consider this a positive development for those looking to take add EOS to their long-term portfolio. EOS has the potential to be one of the most dominant coins in the next Bull Market based on many different reasons - Main Net...
EOS has been consolidating in a clear Equilibrium pattern for over a week now. The Stochastic RSI on the Daily has reached a bottom and momentum is ready to reverse. Additionally, the Daily RSI level has touched the previous strong support level of 58 and held (Steve and Pauline Youtube channel does a great analysis on this).
With the upcoming EOS Airdrops, EOS...
Based on the BTC DAILY Stochastic RSI, BTC needs to reverse and find a bottom before returning on an upwards price trajectory.
The weekly Equilibrium pattern, weekly reversal inverted hammer candle, and 4-hour Bearish Engulfing candle, show signs that BTC is looking to find lower prices in the short to medium term.
I have outlined 3 "Buy Zones". When the BTC...
NEO is bouncing off an ascending lower support line that has now confirmed 3 times.
The RSI is showing Bullish divergence.
The pattern could play out and NEO would most likely see it's next resistance around the $77 area.
Could be a good short-term percentage gain trade...
NEO is forming a clear Flag & Pennant pattern. If NEO is able to break the upper resistance level of the Pennant, it is probable to see a price movement upwards.
With BTC currently pulling back, it is possible it will see a rebound from oversold conditions. This would allow extra profits to flow into ALT coins as more liquidity enters the Crypto market.
ONT has found an upwards resistance line. TD indicator appears to be working on 4 hr timeframe - multiple 9's.
RSIs are in mid 40s range where it has reversed before in previous runs.
ONT was mostly in the red today when most other strong ALTs were green. Possibly traders moving profits over from ONT to other ALTs?
15 minute TD just showed a 2 candle closing...
ONT has it's RSI hovering the mid to high 40's range where it has broken out from in it's previous runs.
I will be entering a short-term time frame trade on ONT. It has underperformed so far in a very green day.
Buy ONT @ .0005691
Stop-Limit set to trigger @ .0005602 & sell @ .0005335
BTC RSI showing Bullish divergence.
Short term price levels to watch on Bull break - $6915.27 & $6939.00
Short term price levels to watch on Bear break - $6888.25 & 6859.16
The current Mayer Multiple for BTC is .72 with a BTC price of $6,902.28 and a 200 day moving average of $9,546.76 USD. The Mayer Multiple has historically been higher 90.40% of the time...
Here are many examples of BNB consolidating in a Bull Flag patterns and then breaking out to the upside.
BNB/USD has been setting up a great looking Bull Flag for weeks. The biggest EQ pattern we’ve seen in it’s short time listed on exchanges. Historically, these patterns break to the upside (often in an inverse correlation to BTC). If BTC is another false...
BTC still in a NO TRADE ZONE, unless you are trying to time short-term oversold bounce attempts. These types of trades are high risk, low reward. Bears are still in full control.
Long-term descending triangle tightening in the equilibrium pattern it has been forming for months.
We should see a BTC break on Today or Wednesday.
This is time to be patient and...
Monero has been moving sideways in a 30% equilibrium pattern since December 2018.
This price movement is abnormal compared with other ALT Coin price actions since the beginning of the 2018 Bear Market.
We are beginning to see Bullish Divergence on the RSI. The RSI is currently in the 40 range and beginning to move upwards.
There could be a Bullish trade...
Very nice volume and follow through on ICX since it's listing on Korean exchange, Bithumb. Volume starting to dry up, but take this as a signal interest in this coin is REAL DEAL.
Looking forward to a great performance with this coin in the 2018 Alt market rally.
ICX is creating a clear flag pennant. The Ascending triangle forming could lead to a good breakout.
If the pattern is realized, expect another 20% move to match the initial breakout from earlier today.