Bearish Idea on Bitcoin Dominance: Head & Shoulders, if it breaks the confirmation line, there will be less risk to trade this market Indicators: Executive lower highs on the RSI MACD curving down Bearish Cross on Stochastic RSI
Bullish Scenario: We hold the 21W MA as support in the symmetrical triangle, and breakout to resistance of 12,300 Bearish Scenario: Bad news for the global markets could plummet us down to 8,900 and fill the gap of CME orders and possible retest of weekly falling trendline Either way i think a big move is coming this month
With the announcement that coinbase is possible listing digibyte and the listing itself of binance we saw some moment building for digibyte. We can see a large pennant forming from the beginning of May to the end of June. If we look to the RSI we can also see a pennant forming since the news of the new listing. On the Daily frame we also have a MACD-cross playing...
DGB is consolidating into an pennant for 4 weeks now with weakening volume and is almost ready to breakout. If price goes above the red trendline with large volume, it can confirm a continuation to the upside.
Hi guys! I think the first big elliotwave now has ended. The projection of this first wave i cloned so you could have a possible trajectory i could follow. (The length of the first wave is adjusted in time) This projection shows resistance at longterm resistancelines at the ending of each elliotwave. So if each time one of these resistance break we could have a...
Hi guys! I'm just investor in Digibyte since 2017 en i wanted to post this graph with you. I'm also not the best technical analisist but i think where up for a bigger elliot wave on the 2h frame. It's nice to see digibyte is getting the earned growth in the market now while the others still are waiting in the dust!
Hi Guys! With the halvening at the front door, bitcoins seems bullish for the coming week. It seems like its ending its first wave en possible make a second wave that breaks trough de resistance 10500 and the trendline of february. What canl be confirmed by a third wave by testing the 10500 as a support. I'm an hobby investor so don't blame me for the lack of...