BTC showing signs of reversal and Skycoin looks like it is being accumulated based on Wyckoff. If BTC does a full reversal SKY has a lot of potential because it just had a major sell off losing close to 80% of its value from the top
I have been very bearish and calling 3-5k. But this looks like a textbook inverse head and shoulders to me, we are currently at point G. Also the RSI is showing a bullish divergence. A close above 6,300 would make me consider becoming bullish again
If you missed out on BNB now might be a good time to buy the breakout at $17,50 as BTC and the market goes into depression. The cup and handle formation is messy because BNB/USDT price is determined by BNB/BTC price
Looks like a bear flag is forming on daily timeframe
The flag and pennant represent brief pauses in a dynamic market move. In fact, one of the requirements for both the flag and the pennant is that they be preceded by a sharp and almost straight line move. They represent situations where a steep advance or decline has gotten ahead of itself, and where the market...