Despite this gravestone Doji forming at the top of an upward move I think XTZ will just fine given that Coinbase announced it will now start paying holders of this crypto 5%. Article below. www.coindesk.com
This is a continuation of my prior chart. Please see in my profile. Thank you.
(On the daily time frame.) Not to worry friends. Given this green 9 Heikin Ashi sale signal historically the the candlesticks go sideways and slightly down for a week to 2 weeks and then it is onward and upward from there. The traditional candlestick chart pattern shows that the Heikin Ashi green 9 sale occured 8-9 days ago and it blew through that sale signal....
2 ways to draw the top trend channels of the triangle that the price action spent 3 months in. You can use the top of the wicks for the bullish scenario and if that's the case then BTC is out of the top of the triangle and as soon as these retarded exchanges get their shit together we can go onward and upward. Scenario 2 is the one I agree with. You draw the trend...
Once they start keeping customer lights on it's just a waiting game until this stock takes a moon shot given the obvious RSI divergence. It could go down to $2.00 after earnings. I am in this one long term and I cannot wait for it to one day to go back up to 45$
I am Bullish on Gold here if this pattern continues it's formation. Gold to 2,000 by Christmas! I am calling it now.
Exactly 30 days of Bullish divergence from the Relative strength index in correlation to the price action shows why Bitcoin is increasing exponentially. Unfortunately on the 4 hour time frame there is Bearish divergence forming. Therefore a few days will turn into a week of bearish divergence and we will see where the price goes.
Any other TA pros out there see this or am I seeing things. I am more of a support and resistance kind of guy with some trend lines and channels on my charts. I do not care much for head and shoulders, triangles and 2 girls one cup and handle... oh wait... never mind.... All those patterns are to subjective. However, I could not help but notice this. Anyone else?
Since the triangle has broken down Bitcoin is now having some fun in this bear channel. Plot this channel and then plot your support and resistance levels and make you some cash in this bear market.
The amount of volume on 4/2 was 24 million contracts above the 20 day moving average. The probability of the investors from 4/2 continuing the trend is very good given the parabolic run they went on.