The current micro trend is coming to an apex and the macro trend resistance is just above it. Just below it is a number of horizontal support prints and the top of the 4H could. That would be considered support 1. 410ish is #2. then #3 395-85. ripCorn under 380 is then an option. upside needs to see a green open and close above 439. chances are it zig zags up a...
Gold has been retracing against BTC for a little bit now. The 1W SCMR chart is not bullish and the 1D is falling out of the cloud. Unless the price gets back into the cloud Gold will continue to under perform against Bitcoin. I find GLD to BTC important because both are battling each other as the best option for capital flight and/or a way to hedge against global...
As BTC grinds out a triangle the need to be taking positions is upon most of us. The local support trendline (green) and the bottom of the 1D Ichimoku Cloud are acting as support. A break of this level, which is not too far away, is a great short. Another way to look at this is that we are in a bull market (corrective wave) and buying at support tends to work...
Though not a great sample size there still is a pattern worth noting. There seems to be a couple week long trend that forms when chinese new year starts. Price has done the opposite of the previous year so far. This would suggest based on historical data a down trend this year.
I dabble in astrology a bit. recently I did a study on certain clashes and conjunctions. here are the examples of when saturn is not effecting bitcoins natal chart against the trading day and what the results look like. there has only been one instance of a draw down as all other times were buys at the bottom or just as accumulation was breaking out.
Comments are on the chart. Looking for cloud to break and ema's to cross for more bullish momentum.
Google made the same pattern for the 5th time in a row after earnings reports. The price finds it’s way to a key moving average, earnings reports are due, then the price gaps, make a “U” shape, and finds it’s way back down to fill the gap. If the “U” shape plays out them building a short position near the top of the next move seem like lower risk with a higher...
The DXY made the death cross on the 1D chart, aka the 50 and 100 day moving averages crossed to the down side. This is happening with the price touching the moving average support on the 1W chart as well. In the past when this has happened in conjunction with a higher MACD reading the price goes into a considerable bear market. If so the first real support level...
The chart is the long view on Ethereum, and boy-oh-boy it is hanging on by a thread. Price is trying to make a triple bottom historically and a double bottom of this bear market in the 0.0023-0.0021 range. Every time it tries to breakout it gets rejected at the downtrend resistance. Best guess says that the only people that could be selling this much coin would be...
PPC is at a major market pivot point. It has been moving sideways for so long that it has crossed over most sloping downtrend resistance lines. However it keeps getting rejected at a horizontal price level. This level was once support but is now resistance. The MACD has not given away all it’s momentum yet, but if the price drops below support in this very tight...
short term is a long if it can open above the 200EMA. long term there is little holding it up and $12 then $8.44-9 if 12 breaks, explanation: www.coinstreetnews.com
it's almost there. the ltc/btc price has been ranging for weeks. if btc can move upwards into the blood moon then ltc should follow after the yellow line is breached.
Take from it what you will. Not willing to feed the trolls on this one.
not prediction, just a pretty solid astrological trend.
LTC continues to live up to it's rep, which is garbage of course. Bulls have lost control for the short term. Description is on the chart with long & short zones defined.
I am still long from the Bullish Accumulation Zone, however I do recognize that the very squeezed bears are going to push back again soon. Shorts will arrive in force at 255-260 if it can get there. However I have a feeling those shorting will already be underwater and they are doing so to push down and break even. If so the Bullish market makers can very easily...