You're probably quite frustrated watching Bitcoin at the market shuffling sideways like a crab. Clearly we are at a crucial moment for Bitcoin and the question on everyone's lips is, will we break higher or lower?
To me, the market is looking quite weak. Our recent sideways-up move has been lackluster and not at all what I would call bullish.
Yes, we've had...
EnjinCoin (ENTBTC) looks ripe for another nice move upwards.
Price already jumped a staggering 82% on 28 Sept and has been gracefully retracing back to support ever since and is now resting just above the Fib 50% level, which is also a previous support/resistance level AND is just above the daily 20 EMA. That's some pretty good support. Price is narrowing in on...
Looks as though the price of UBQ is getting ready to launch.
We can see that price is pushing up against the resistance from the diagonal trendline AND the 20 EMA. There's been a lot of buying over the past week too, so its only a matter of time.
Reasons for trade
Price has broken the trendline and is retesting as support (4hr)
Bitshares looks ready to move another leg higher.
Price has been in a downwards channel since May. Notice how price usually respects the centre line, which is where price is currently resting just above and is consolidating.
Stoch RSI is showing oversold suggesting that a move up could be on its way.
Expect a move to the top of the channel.
The chart for Raiden / BTC is looking good for a trade.
Price has broken the long term downwards trend line and so has a high probability of heading higher from here. In doing so it has created a variant of a Morning Star candle stick pattern, which is a bullish signal.
Raiden already gained 8% yesterday, but I expect that there could be a retest of the...
You'd have thought with a name like NEM that the obvious ticker name would have been NEM. But no, we're stuck with XEM!
For those of you that aren't already familiar with NEM, NEM is a highly regarded Chinese blockchain project to compete with Etherium, EOS and others. What gets people super excited about this particular blockchain is that they appear to be...
A great long term opportunity here. Steem Dollars has broken trendline resistance and appears to be accumulating.
There could be a bit more movement downwards as the Stoch RSI indicator suggests a little more downside still to come, possibly price will test 0012 sats.
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IOTA looks ready for a nice move.
Price has already made a nice 43% move at the end of August.
Now price is consolidating at the Fib 61% retracement level - with price now making a higher high - and looks like is being accumulated in anticipation of another move.
The trendline has already been broken so a move could happen any time. The biggest risk to...
Bitcoin has found support off bothe previous resistance at 6450 and lower ascending trendline providing a nice opportunity to go short-term long.
Rejection of SR level
Support of ascending channel
Increased activity on NEO suggests that buyers are accumulating positions in anticipation of a breakout move to the upside.
Accumulation at support at .002730
Stoch RSI is OVERSOLD
False break of support, which is a bullish sign
1hr pinbar rejecting support
Nice opportunity to profit from EDGE.
Price has rejected the lower trendline boundary creating a nice morning star signal.
Now we are in a strong downtrend still so we do want to proceed with some caution. Therefore I recommend taking profits at the 38% fib retracement level as this could very well be a turning point. That's still a nice 17% profit!...
Good morning all!
A stunning trade setup on Etherium if you get in quick. Price has very clearly found support at 178 and has created a pinbar/morning star signal. This is a very bullish chart price action.
Target : 249 (20%)
Good morning guys and girls,
So after yesterdays drop, lets take a look at where we are now.
Price currently is resting above 6400 at the Fib 61% level.
If we look at the 4hr charts, fib 61% looks rather weak in my opinion and I don't think it will hold.
Therefore we will most likely see a retest of 6000-5800....
A funny thing happened while I was having a cuppa... I had prepared my chart and was getting ready to post this analysis, when I thought to myself, "Blockhead, you've been in front of this screen all day... its' time to take a break, take a walk and have a cuppa". So off I went. Came back, was drinking my tea and updating my trading journal for the day when my...
What is going on with Etherium these days? Despite some nice bullish moves on some major alts such as EOS and IOTA, Etherium remains...err, kinda dead! Down over 6% on the week. Could that be about to change?
On the chart I've drawn some significant Fibonacci levels of where we can look for signs of reversal.
The green levels are calculated...
ZClassic (ZCL) is showing some nice price action on the daily and 4h charts.
Price has been consolidating and retesting horizontal support at 7.5 for the past several days, but has today broken through both horizontal and trendline resistance and is retesting both levels as I write.
Reasons for this trade:
Multiple tests of support at...