HUGE POSSIBILITY THAT THE BOTTOM IS IN!
The long term support (4k) is tested, creating a double bottom pattern
Recent candlesticks are bullish, and even more bullish on daily TF (Bullish Engulfing candles) but I prefer charting weekly TF.
RSI is reversing from 24.
The simple rule of RSI: below 30 is oversold and that is buying zone.
Many people are calling this "BTC forming H&S on 4hr chart"
This sounds like when people (including me) called for the drop around 6k zone.
The market just ignored us since too many people thinking in the same way.
People who missed out really want to get cheap corn again.
Whales also read the same chart, will they let the crowd buy the corn that easy?
We can see LH and LL printing on the weekly chart.
There is also a lot of uncertainty about the election result.
Possible drop to the previous support zone (~1550)
If this zone breaks, very likely to send us to ~1500 and bounce there.
Going back above 1680 will invalidate this.
Good luck trading!
AE/BTC is very interesting now! It has been accumulated heavily since Jan 2019.
The volume is increasing significantly.
0.00010000 sats is a strong support level.
The chart pattern is very similar to OMG/BTC and VET/BTC.
Those two alts are mid-cap as same as AE and already had a upside movement.
I expect AE to follow those alts. Upside movement...
EVX (Everex) Weekly/Daily chart is very nice. I guess the bottom is in. The volume is increasing significantly. The ATH week was around Dec 2017 to Jan 2018. The price was ~47700 sats (~ x 5 current price). If you look closely to the recent week volume. It is even bigger than the ATH week. The chart pattern looks like it's developing a parabolic...