Self explanatory chart
Text here below:
Will BTC form the right shoulder from the possible H&S (Lime Blue) ?
OR
Will it reform the ascending triangle on the "same" resistance than on 12-15 april ?
OR
Are we seeing an inverse Cup and Handle ? (Light Purple)
What we can see:
RSI "stabilised" itself for now
MACD could continue to come closer and closer to being in...
Since QueenBx wasn't happy with my previous chart, I made a new one showing what I suggest will happen in the near future.
We've seen an ascending triangle (dark brownish) and in white H&S. But what could is that a new H&S would form (Lime Blue).
Please take in consideration that I'm talking about the very near future and it's only a suggestion based on the...
I think this analysis is self-explanatory with the text nodes for each part.
I will still post the text here of what I think will happen:
Possibilities ?
- Green: BTC kicks off at some point
- Red: BTC fails to kickoff at the support (+-7880$) and falls
- Dark Blue: BTC will stay calm for some time and bounce between a newly formed support and resistance (like...
LTC is bouncing between 180 $ and 171 $. It broke the "rising support" but might start rising again. We're looking at a rising RSI & (Potential) MACD.
Lets see if LTC fails to kick off at the support or sucessfully bounces back from it and breaks the earlier resistance.
Nothing much else to say at this point :/.
Seeming like uprising RSI & MACD. Bounced between 711 $ and 680 $.
- ETH might kick off at some point and break the resistance.
- It could go down to the support and bounce back.
Not much else to say.
Rising MACD & RSI. BTC is struggling to break the +- 9400 $ resistance and is testing the 8800 $ support.
When looking at the MACD & RSI we could say BTC will rise up again, we'll see if it breaks the resistance. We might see BTC going back up aiming for another resistance at 9850 $. Nothing else ot say about this situation.
Litecoin has a low and descending RSI & MACD (although the RSI seems it wants to start going up again)
It was "bouncing" between the two Yellow lines 191 $ and 160 $. With a potential rising support.
The possibilities:
- LTC follows the purple prediction and kicks off at the Blue dotted line (other "Support")
- LTC fails to follow the predicited path and continues...
So, ETH was bouncing between 740 $ & 650 $ (Yellow).
We're looking at a descending RSI & MACD BUT the RSI seems like it wants to start to move up a bit, only time could bring confirmation on this points. (It could mean that ETH might begin its rise sooner).
The possibilities are:
- ETH continues to the stronger support and kicks off at the last weaker support or...
Bitcoin is bouncing between 9900 $ and 8400 $. Between this support & resistance it formed some weaker supports. We're also looking at a weak and descending RSI & MACD.
What could happen :
- BTC will go down and bounce off at the stronger support or at a weaker one or form a new weak support:
- > It will then go back heading towards the...
Bitcoin has started its descend around 11700 $ and is still falling. VERY weak RSI & MACD, people are selling like crazy and BTC is breaking every earlier support while staying in the red.
It will be very important to look at both RSI & MACD to prepare for BTC to rise again. For now we will see if it goes lower than 9320 $ (most recent and deeper "crash").
Nothing much to show/ say. ETH failed to kick off at 840 $, after it "kicked off" it began to fall.
People are selling like crazy and we're looking at a very weak market trend (MACD & RSI).
I suggest keeping a look at both MACD & RSI and look for ETH to break the earlier kick-off point (Purple) and go even deeper than before that point.
Litcoin too suffers from a very weak MACD & RSI, people are just selling like crazy once again and LTC's price suffers from this.
LTC failed to kick off at the rising support and started its descend. Now it's approaching the "big" support/ kick-off point from an earlier crash/ dip, let's see what time brings us.
ETH needs to break the Yellow resistance
Weak RSI & MACD
ETH has no strong Support so there are multiple possibilities:
- Or it kicks off at the Purple "support" that it broke with a dip
- Or it goes lower (dip)
- Or it kicks off at an other point and we might see a "new" support and hope for ETH to break the Resistance it has so many difficulty breaking for some time
Litecoin is still rising and falling but always kicks off at a higher "support" so it is regaining ground fall after fall. It will probably not kick off as high (it might even break one earlier support) as the MACD and RSI are descending/ falling. (No favourable market trend for a rise).
There will still be a strong support we just need to see if LTC kicks off...
LTC fell through the earlier support (now in Green), uses it now as resistance.
We're looking down at a descending RSI & MACD.
I predict LTC falling down again (History repeats itself + Both MACD & RSI show that we're going gown again), LTC will probably not break the Orange support that held the last "deeper" dip.
While looking at a strong market trend (MACD) and feraly high buy index (RSI) ETH still can't decide on what level it want's to stay. After slipping away it fell down a level while trying multiple times to break through the good old 871 $ resistance it has struggles with for some time (Orange)
(ex. 23, 24 feb.) it slipped again and fell down another level at...
Bitcoin launched back up after a little downtrend. The strong market trend and buy index (RSI & MACD) indicate that BTC could continue its bouncy ride to the top (Yellow lines) and broke earlier resistances
We'll need to keep a close look to the MACD & RSI to see if people are still interested in acquiring BTC, I would say that BTC will continue to a certain...
BTC continued its rise, finished bouncing up and down between 10044 $ and 10374 $ (aprox.)
Broken the 10374 $ resistance and continued rising further
BTC broke earlier resistances (in Green), and could form a new resistance and support (Yellow)
As we can see (Purple - discussed yesterday, Red and potentially Yellow) Bitcoin likes to get between two lines, bounce...
![BTCUSD: BTC's choice [16/04/2018]](https://s3.tradingview.com/c/c0Dq0ZcZ_mid.png "BTC's choice [16/04/2018]")
