After 6 week consolidation the bancor protocol has finally broken out again. yesterday they revealed that they can now do limit orders on a DEX and you can provide single side liquidity without impermanent loss...
so basicly bancor tech is miles ahead than their competitors uni and sushi.
While the bancor marketcap is much lower.
my bags are fully packed, send...
While alot of alts looking bullish , some of them are not yet ready to go. Orderbook is showing clear signs of distribution
62's is huge resistance for now
Looking to catch this 20% lower around the previous point of control on 48's
Don't expect for an altseason to return like 2017.
But still you can capitalize massive gains on these shitcoins.
Looking to trade for a 50% profit here.
We passed the point of control on the volume by price. so that is indicating that a battle has been won by the bulls on the resistance of 2400 sats
Also the IOTA trinity wallet came out. not very relevant...
While bitcoin and some other alts rallied bitcoin cash stayed behind.
Hopping in here once this rally starts.
Roger Ver may be eying Bitcoin.org
While Cobra did not name any prospective buyers for the domain, a thread on Reddit suggests that Bitcoin.com owner and fellow Bitcoin Cash (BCH) advocate, Roger Ver, is interested in purchasing Bitcoin.org.
Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy.
Textbook ascending triangle pattern, should break upwards but keep a stop in place!
Not sure about this ascending...
The retracements in this move are very shallow which is indicating that the market is not willing to give dip buyers of 30% a chance.
Each time we are dropping +- 10% and the dips get bought up violently.
The next big resistance is a point of control on the volume by price indicator and it is the weekly close from the previous move at 11.5k
Expect the mid swing...
The rally has very shallow retracements +- 10%, meaning its giving people without position waiting to buy a 30% dip no chance. Which is pretty bullish! I think we can bounce here and do another leg up. And maybe at 11k or something we have a big 30% retracement.
Bitcoin broke down from its rising wedge.
Next support is at 9.400. That's an area im interested to buy.
10.500 was overextended to the upside. So we need to cool down a bit.
Macro picture is still bullish.
$RVN on the daily has broken above the POC and above the 200 EMA
- Targets are at the next resistances, to be determined later on the move.
- Stop loss below support, mannualy on after daily close.
- Broke out of the ichimoku cloud.
- Nice volume increase.
We saw a massive volume spike on the 4th of February. I believe that we have reversed the bear trend into a bull trend there.
- We broke out of the ichimoku cloud.
- We are seeing continuation across all the altcoins. with Ethereum leading the pack.
- We left the high time frame resistances behind us.
Massive upside potential here.