AMPBTC at major resistance and if the candle closes above it it could see a new bull rely but it seems very unlikely.
Just a simple breakout trade. IF not I wil open a position at about 2800sat if everything looks good
A nice downtrend chanel is forming in this sellof.
Watch for TK cross and cloud twist as they might indicate a uptrend.
If we break the red line we are probably revisit 6k usd, but hopefully we get a break from the green line to start uptrending again
Fnally we have begun a new uptrend with a lot of TA conformation on the 4h chart
Ichimoku cloud has crossed to bullish, marked with red circle, and the price is well above it like it happend on 14.2.218.
TK cross is another bullish sign.
RSI is stil uptrending and is not oversold.
MACD has also crossed
Orange line serves as uptrend line, but if we break it we...
BTC has crossed the turbulance zone of the cloud on the 4H hour chart and is now above.
Also a bullish TK cross is forming.
Now only the leading span A must cross span B for it to be a fully bullish patteren on the 4H chart
BTC looks like its forming an inverted head and shoulders and is testing the major resistance from december.
If BTC closes obove the red line than it is a great signal that the next bull run has started for BTC.
If that happens we should see alts bleed as BTC dominance will grow from 39%
From yesterdays post that it was a crucial moment for bitcoin it seems that the old support was strong enough and we got a good bounce back.
I will watch for a trend reversal when the RSI and OBV will break the line and we close above the 200 day SMA.
Meanwhile everything looks cheap so its buying time
We broke the 200 day SMA and the downtrend is continuing.
RSI became oversold on daily and downtrend is becoming steeper.
We must bounce hard on the 300 day SMA marked with white and an very old uptrend line marked with dotted green.
A lot of FUD is coming in and it looks like a very well coordinated attack on crypto as a whole. Every day there seems to be some...
As it seems bad news cant stop coming for crypto and a lot of FUD plus a much needed correction was needed.
There were a lot of bad news about Tether, India banning stuff, China banning crypto (for the 100th time since 2013 ) again, tax relief on stock market in USA and more and more and more.
Other thing to note is that its soon Chinese new year and everyone is...
EBST dropped a lot since the last pump. Now is time to reload and hold till the airdrop on 23rd March.
All EBST holders will get new coin ALA. They are working with Bittrex to support the airdrop.
Targets shown above.