I do TA for educational purposes. I'm new, do not make any trades based on what I say. I am mearly trying to show what I see and if anybody wants to comment with different ideas go for it please.
What I'm seeing is two major red flags.
First- It looks on the 4hr chart that we have been inside a rising wedge. This is a bearish symbol.
A falling wedge formation is a good bullish symbol. There is no doubt that our price action has been trapped inside this wedge for a long time. There is slowly becoming less room for price action to form inside of this wedge. This will mean a breakout and the start of a new model. I think the chances of going below 5800 is just not likely right now unless...
I made a post yesterday about the 6 month long falling wedge bitcoin entered. I want to explain a bit more of the fundamentals on why a falling wedge is a great way to see where price action has a good chance of going.
If you don't know already, a falling wedge is a bullish signal. As it gets to the end the price starts moving more sideways and...
Whats up guys!
Farmer Tim has been busy dealing with plants and I've been off this for to long.
Things are starting to look up, but we are not out of this downtrend yet. Let's get into it.
MACD and parabolic are showing buy signs after out breakout with the downtrend channel. The issue is we are still very much inside the descending wedge. One hell of a wedge...
I've been in pretty good spirits about the crypto markets as of the last month. We have seen some trends forming in BTCUSD daily chart (my preferred chart for seeing the bigger picture). As you can see I believe that the downtrend is over, I believe that we sunk into our double bottom and the MACD will continue to chug away in the positives. But...
Ripple is ripe with activity as you can see on the RSI and MACD charts. Recent addition of USDT to binance has already increased volume. But besides the indicators showing us some good signs I think ripple is going to pop off the next coming days.
I'm talking about consensus hosted by coindesk.
Ripple is one of the leading sponsorship's and will...
TNB came onto my radar yesterday while searching for coins. Almost every indicator I put up to it was showing that it was ready for a serious bull run. I wake up this morning to still find everything pointing up. Check it yourself guys, this seems like a sure winner.
I've been trying to educate myself on TA charts more and more as the market is starting to get back onto it's legs. I posted a week or so ago about NEO breaking out but I think all beginners should be trying to look at the big picture so I brought it back out to the day candle sticks.
As you can see yesterday NEO was still within the downtrend channel...
Hello fucking hell this has been quite the ride up! I think I'm here like most people to just make money in tron. Honestly I don't know much about this coin besides it has been performing in this sideways downwards market.
Now I've been looking at a lot of close up 1hr/30 Minute charts and everything is looking sound. But when you zoom out to 1 day candlesticks...
This morning has been a fun one with these heavy sell off's. Looking at BTC we are moving upside into a ascending wedge. There was a little panic going on as those candlesticks dropped off but the RSI is showing that the bears just don't have enough steam to push it out. Things still looking bearish as we get close to the double digits.
Whats up everybody.
A look at Bcash today after a massive moon shot this week. After this last green candle rise the MACD is showing signs of decreased momentum which should pull back Bcash to the first line of support at 1250 or break down to some stronger support lines at 1130. We still should see some gains after a small pullback as we have finally pulled out...
Certainly some exciting things going on in the market right now and people are losing their shit over if they should enter back into the market or if the bears still have things pinned down. I'm currently on the sidelines looking for the next coin to launch off. Now Eth has been making some great gains as of late but I think we are a bit...
I've been sitting tight waiting for a good entry point on NEO (might of missed it already). Right now just a quick look at the charts the RSI is giving a bearish divergence on the charts. NEO going up but RSI going down. I'd be wary of these pumps in prices right now and make sure to remember we might not be out of the woods yet!
Really enjoying making these charts for the community. This place has helped me become a far more skilled trader and really start pulling back my losses after a crazy bear market rekted all the hodlers. Let's get into what I'm seeing.
I did a chart about BTC yesterday and I see this trend following with a lot of coins and it's great to get some lines in...
Whats up guys, Throwing out my first attempt to make some charts and hopefully hep the community. I think we have a pretty clear indicator of the price coming outside of the down trend lines.
My scale of the logs is a bit off I know I'm trying to figure out why.