#BTC Update: Price broke below the support trendline. breakdown will be very devastating. Though everytime the price hit the lower support trendline it bounced with strong volume. Bulls don't want to give up Target : $7600+
You can see it didn't break that 200D MA and still trading below the resistance trendline too. Seems like the late longs are trapped now and it won't just go up without liquidating them. I expect the price could be juggle between the 200D MA and the 50D MA.
$6650 also is a very strong support.
OVERALL DIRECTION IS POSITIVE.
In my previous chart I speculated 7k is incoming. It took a bit time with all those bounces and the rejections around 6800 are. Finally we broke above 7k what's really important is to close above 6926 (200D MA). If we manage to close above the 200D MA then we can expect 7600 soon and then a healthy retracement around 7120.
I'VE PLOTTED 2 SCENARIOS THAT COULD PLAY...
I know it just got pumped for good.
If we break this level and close the next candle in green above it I will consider for longs and the Scenario 2 might play out.
Rejection will take us to the lower price targets into the Grey zone.
Keep in mind Most of the indicators are still leaning towards the bearish side.
Seems like the buyers are getting IN.
All I could say is that this is a completely insane situation. This isn't natural you know that.
But I would like to tell you one thing for sure. Everything will be clear with t his weekly candle Close.
The most important of all. I know 90% of the charts have proved to be wrong but this will pump harder than it is dumping...
ETH IS VERY BULLISH AT THE MOMENT.
I can see it breaking the local top soon and reaching .03 level.
It broke out of the triangle. We could see some retracement but also Within the next 2 days we can see a bullish reversal crossover on MACD which is just approaching.
Trading above all import MAs and EMAs.
I think Within the next 5 to 10 days we can...
Hello everyone, the previous updates on BTC and ETH has been working perfectly please Go to my other updates for clarity.
Currently BTC is at the point of indecision.
Most people panic for small fluctuations in BTC.
Guys am gonna keep it very simple:
Scenario 1: We break to the upside right from here and start trading above 50D MA.Am expecting this could happen...
Although Dominance is falling guys and I believe it will keep falling for the next 48 hours.
RSI Highly Overbought.
Broke below 200D MA
But keep in mind It can bounce from that green region which could again kill alts 10 to 30% in a single day and also there might be a golden cross in few weeks which could lead to altcoin bloodbath. So better...
Hello everyone this is a short term analysis on NEO/BTC pair.
The chart looks bullish at the moment we can easily make a 10% scalping.
Just keep an eye on Dominance too.
I'll keep this chart updated.
Hello everyone, sorry for this late update. I've been travelling since few days.
Coming back to the chart, I've posted a chart in my twitter which is a 4 hr chart, Shows we've already broken out of the resistance but in Daily it's another story.The candle close for the next three days will decide everything. If the Daily closes above the Black trendline...
One of the best altcoin setup I could see there.
This coin started making higher highs 3 weeks back after a very long sideways Accumulation Phase.
Already Trading above 50D MA which is another Bullish sign.
Breakout is already done, Retest perfectly on the 'Resistance turned support trendline.
Golden cross is expected soon.
One of the few alts which haven't pumped...
Hello guys Thanks a lot for all the likes and Follows.
Let's get to the chart.
BTC is still trading inside a rising wedge which is a bearish pattern
Although we have bullish signals like: Golden Cross.
And as per my last updates BTC retraces for about 10 to 13% after Golden Cross before the continuation of the uptrend.
Although This charts says it all Let me...
DOCK touched the local bottom at 86 sats and seems to be breaking out of the giant falling wedge which is another Bullish Pattern.
The breakout and retest will confirm a new Uptrend. This is among one of the alts which haven't pumped yet.
I entered exactly at 86 sats. My bids I placed 3 days back were filled.
I am holding this one for the targets...
Accumulated around 197 to 206Simple and clean Targets.
BTC seems to be taking a sideways action which will provide room for the alts to grow. Breakout is done but the retest is due. If you haven't entered yet, buy within 208 to 213 range. Just place the buy bids (Not financial Advice).
I am saying it again, The retest is due so you might have a chance to enter...
It seems BTC Dominance is playing with our brains.
The dominance must fall now that will push alts to the upside. If we break above this resistance that will be bad for alts. In my opinion Taking profits and buying the dips on alts will be the best thing we can do.
BTC seems to be ready for another pump.
Trading right into the channel.Although It's a rising wedge but there's still more room for growth.
Golden cross is the best news you can have right now but for that daily needs to close for the confirmation.
The black line has been retested once this is the second time it is being retested. Bullish af.
It's very important to understand that every alt season depends on Dominance. It tells you the flow of money from alts to BTC or vice versa.
In this Chart we can see that Dominance got rejected from the Red line which is acting as a strong Resistance in almost every TF. The green support line is currently acting as a support in this chart. If it...
In the short term ZRX seems to be taking off soon.
Jumped right back from the 200D MA which is bullish sign.
Consider these price movements as shakeouts. So do not give up on your alts. They are just getting started,
I entered positions around 2700 to 2980.
Added more to my bag yesterday around 3177 3185 3070.
MACD is bullish. This is a coin you can hold for the...