Look at the chart and note the support and resistance lines that would MAKE the cup and handle not out of thin air. If it holds the trend lines and support it we could see a big move after!!
No fib, elliot wave, wxyz, linear regression or anything needed to see this support and resistance that occurred. Now we have to see if the bulls can rally up to break the upper support levels. Regardless we have swapped old resistance which is now support. So some progress has been made here. The question is how much power and momentum we have left in the bull...
Look at the all time chart we see GAS might be in a strong demand zone. We have a double bottom and signs of a trend line/reversal building. Just a matter if Bitcoin can hang in so we can get this moving. If not as always father BTC will write this story (sadly).
I think we have a possible reversal, profitable area ahead for ARK. I will update as it goes along. Wanted to post first.
-MACD going nuts
-Volume spikes in correct areas
AS ALWAYS WE HAVE TO WATCH FATHER BITCOIN HE DECIDES ALL OF THE ALTS FATES.
There are some undeniable factors with PPT. We have re tests from old levels on PPT currently and it is almost back to entry price. Watch for BTC to trade against resistance/support soon and to see alts take off! This will be one of them looking at how far it has come down over 30+ days.
-STRONG support going down
-Near entry price
-Falling Wedge forming...
One reason I have not put any money into ADA.. is for two very good reasons. It is a falling knife and it has demons of the past. What do I mean? Well ADA.. took off too fast which means one thing usually. Untested levels from which it left from. What ADA.. is currently doing it going back to test levels from the past that...
It would appear on the 6 hour we have a 50/200 cross and the 20/50 MA a positive one. We need to watch on a lower interval this could be BIG TIME movement for XBT if we successful uptrend. Soon we will see a price rejection or acceptance. THIS IS NOT A BUT SIGNAL THIS IS A WATCH AND SEE IF IT CONFIRMS UPTREND THEN BUY SIGNAL. Never...
Guys, we had an LTC double top, touch reversal and we have two falling wedges. On top of that in this VISIBLE range we have LOW volume nodes. This is a perfect combination to BOOM. However, with low volume nodes this could in theory slide fast up or down. We MUST watch for a reversal before getting in guys. Once we have the trend...
I will update as I go along. Please read the chart for my indications on an ICX reversal. The chart is in 2D so this does not mean buy now. You need 1D or 12H full reversal candle conformation. Will update as it progresses. ALWAYS keep an eye on father BTC. Up or Down it can create further decay of ICX.
XRP is of course in a far different place then it was when it started. However, any lower and I think its not worth holding. If BTC keeps going up you can see where it will break down. Need to do XRPUSDT.
OMG strong up channel the chart talks for itself. IF we can get a full candle breakout in the purple range it should be looking good to move on up! I will update once we get to that area/break it.