GO/BTC is forming what appears to be an inverse head and shoulders pattern. For this to be valid, we need to see the .382 fib level around 680 hold again and act as a consolidation point before moving back up to retest the neckline around 760. If that occurs, we need a clean break of 760, and ideally I'd like to see 760 retested as new support before moving up to...
XBT is currently within a Symmetrical triangle pattern, and we could see a break-out soon as the range is tightening. The last 12 hours or so have been very interesting; we saw a drop to the bottom of the symmetrical triangle (.382 fib level) around 3360 before seeing a 1.5-2% move back up to the top of the symmetrical triangle around 3415 before getting rejected....
ADA/BTC is currently finding resistance at a previous support zone around 904-915. We saw this 904-915 area act as a support back on November 24th and 25th, and we actual rallied up to the 1010 level after touching this 904-915 area. However, when Bitcoin broke down below 3500, we saw ADA break below the support zone around 904-915, and come all the way down to...
AION/BTC had a strong move up to about 450 before seeing a massive sell-down to the .236 fib level around 350. Currently, AION is consolidating on the .236 fib level, with resistance at the .382 fib level around 370. We are seeing prior support become new resistance; as for the .382 fib level around 370 was a prior support zone that held for about a week to a week...
ADA is holding within its ascending triangle pattern on the price action, but the RSI triangle it was in has broken down, indicating we could see the price action start to follow before too long. I'm watching for a sustained break below 980 to confirm the break-down of this ascending triangle pattern. the 0.5 fib level around 960 and the .236 fib level around 930...
TRX/BTC formed bearish divergence on the 4-hour time-frame and may look to move lower. TRX has struggled to break above the 375-380 area with conviction, and we are seeing the strength of the upward trend weakening, indicating we could be set to move lower. RSI on the 4-hour has clear bearish divergence, and the volume hasn't be able to match the previous high...
EOS is currently holding right around the .236 fib level outlined in my chart. EOS has had a pretty brutal 25-30% sell off in the last few days; and there is a chance we might consolidate on the .236 before moving down to my target around 5000-5100. We've seen that 5000-5100 area act as strong support in the past, and it acted as a spring-board for the last 2...
Bitcoin is currently consolidating on the .382 fib level on my chart around 3820. Right now, it appears we are consolidating in what appears to be a bear-flag formation. We are also seeing some bearish divergence on the volume; as for price is climbing as volume is declining. If we break below the .382 fib level on my chart, I suspect we will come all the way down...
I'll post a picture below of what a "market maker model" looks like, but we've seen these types of models form before on Bitcoin, so this would not come as a surprise to me if we see it here again. Seeing some bullish divergence on a few time-frames, and we have formed what appears to be a double bottom around 3500-3600. Purely speculation, but I think it has some...
BTC/USD has been trading around 5400-5600 following that huge dip from 6300-5170ish. We are now consolidating in what I believe is a bearish continuation pattern in the form of a bearish pennant. I am seeing different variations of the same pattern (will post images below) and it looks like we could be seeing another retest of that 5100 area, if not lower to...
XBT had a sizable drop the last few days given the volatility for Bitcoin has been at historic lows. We saw XBT retest the support zone around 6200-6250, and so far it has been able to hold. We can also see XBT is within a falling wedge pattern (typically a bullish reversal pattern) and we could be looking to break-out here soon. We can see the RSI is turning up...
DOCK/BTC appears to be within an ascending triangle pattern. So far, we've made 3 sets of higher lows with the peak of the ascending triangle around 430. There is an argument if you used wicks for the top of the ascending triangle that 440 (.5 fib level) would be the top. Either way, DOCK is looking pretty good if it can hold this pattern. I'm watching the .5 fib...
SNM/BTC is currently on the .618 fib support level following a drop to retest the 20 MA (light-blue.) We can see the RSI also broke 70 on a previous run confirming an uptrend. We can see the 10 MA (orange) and 20 MA (light-blue) crossed over the 100 MA (yellow) and we got a move from about 900 to 1200. We have been consolidating on the .618 fib level and we've...
THETA/BTC has printed bearish divergence on the 4-hour RSI as shown by the light-blue line. We can see as the price moved higher, the RSI moved lower, and now we are seeing the price start to reflect that bearish divergence and decline. THETA/BTC has failed to sustain buying above the .618 fib level. I expect THETA/BTC to retest the .5 fib level around 1390. We...
QCK/BTC has been within a falling wedge formation for the last few weeks. As you can see, we had a nice run to to about 1100 sat's, and have been moving down steadily since then. However, we are now seeing a falling wedge (bullish reversal pattern) and bullish divergence on the 4-hour RSI and 4-hour Stochastic as we near the .5 fib level around 705. We can see the...
DOCK/BTC has been consolidating nicely on the .5 fib level around 430-440. We can see DOCK/BTC has held the .5 fib level on numerous occasions following its huge run-up to 680 sat's. We have the 50 EMA on the 4-hour acting as support in conjunction with the .5 fib level, and we have the 100 EMA on the 4-hour just below the .5 fib level with the 200 EMA on the...
VET/BTC broke a key support level around 165 (.382 fib level) and has been unable to get back above it and hold above it. On one end, we can see the 4-hour RSI printed some bullish divergence as shown by the orange lines on the price action and on the RSI, but it was unable to get above the light-blue line which has been acting as resistance on the 4-hour RSI...
ELF/BTC appears to be forming a possible bear-flag. We saw ELF/BTC take a sizable drop from about 5180 to 4850 (330 sat drop.) With that sat drop in mind, we can see ELF/BTC is currently consolidating upwards and to me, this is a text-book bear flag. If the bear-flag breaks to the downside, the length of the flag-pole (previous drop from 5180 to 4850) would take...