Bitcoin has had phases of low volatility and high volatility. Historically, during phases of low volatility, it has shown to be buying opportunities and the opposite is shown for high volatile phases. Bollinger bands expand on periods of high volatility and decreases risk to reward on your investment. The link above dives deeper into...
A bearish pennant is formed during a steep, almost vertical, downtrend. After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. Bearish pennants mark a pause in the movement of a price halfway through a strong downtrend, offering you an opportunity to go short. The...
$XLMBTC Has been in an accumulation zone for almost 2 years and is going to break out soon. The momentum indicator shows that its currently building tons of pressure. MA on the MONTHLY chart just turned green and people honestly have been real quiet about Stellar lately. Those are the coins you want to get into before they make huge moves. GOOD BUY.
Looks like ETH is going to copy what Bitcoin did. ETH is known to follow bitcoin on big moves and i don't see anything different happening. People are praising ETH but you need to remember that ETH was 80 bucks 13 months ago. It needs to have a healthy correction. This could possibly be The Big Short to the golden fib levels. Best of luck.
Very simple indicators show a move to the upside is imminent. Anytime the RSI was under 40 it has increased in price. Also the candles on the daily timeframe are now under the Bollinger bands which is known to push the price back to the middle of the bands or the moving average.
For the weekly chart I used the momentum squeeze indicator and it shows that when we came into the pink colored zone we have had massive corrections. Over the last 2 weeks we have entered the pink zone and I believe were in for a big move to the downside. I secured profits and will wait till we enter back into the green zone. Be careful out there.
BTC is showing similar chart pattern from JAN 2019. Showed similar consolidating patterns and dips and now has similar weaknesses as btc did back in July 2019 before it crashed. Also it Broke down from the falling wedge and isnt picking up steam. MACD looks to be rolling over too. Maybe able to buy cheaper BTC soon.
Seems to be a trend reversal in the MACD chart and a bull flag forming for a continuation of its outperformance on ETH. There's also events happening for DOT at the end of this quarter so I believe its all setup for another run up.
Check out my recent updates for LTC. This is the third and final part. The MACD indicator on the MONTHLY LTCBTC chart looks to have a bullish crossover imminent. This means that there will be a shift in momentum from the downside to the upside. It will be hard to break this crossover due to it being on a monthly scale. My final thoughts for litecoin are bullish...
Just like with Litecoin, XRP has shown a similar phase of momentum accumulation before breaking out just like the last cycle. I believe this year we will see both coins break out with massive volatility just like the last cycle.
A 1.5 year momentum-accumulation buildup from the last bull run looks almost identical to this bull cycle for $LTC $LTCBTC. if the conditions are right for the market I strongly suggest a breakout is coming for Litecoin. If accumulating more bitcoin is your goal than this could be a solid bet.
Historical lows + bullish divergence + similar technical pivot reversals as dogecoin and ripple + mimblewimble can all be factors for a solid long trade for litecoin. Great potential to significantly increase your bitcoin holdings.
BTC/USDT and ETH/USDT are showing very similar chart patterns when they had both reached its all time high. BTC showed a couple weeks of consolidation before a strong move upward and I believe that will be the case for ETH. The price target is showing 3000 but due to the higher volatility of ETH it may move further then that. Fundamentals are strong for ETH and...
ZCASH has been forming a bull flag pattern over the last couple of days and could take us another leg up. $ZEC as a whole looks bullish as its been in accumulation for 2 years and is looking to break out. If you'd like to see the 2 year chart I made some analysis on that on my previous post. Thanks.