BTC Dominance is quite resilient for these days and didnt give so easy for altcoin to took it's toll and it's still rising currently ( 60.20 %) from yellow trend line. yellow line is a ascending triangle also a trend line from april 2019. which not being broken until now. Indicators : DMI : on 4 hour +DMI and DMX is currently moving upward while - DMI is...
- 4 hour chart Nice break to upside on XRP/USD on 4 hour. Indicators: DMI is show a bullish trend is Sighted by looking at +DMI(Green) moving upward while -DMI is move away from it, creating a range in between which is a good sign for early stage of bullish trend. DMX is still below 25 level which indicate a low strenght of momentum to upside, yet. MACD...
Looks like the line is already moving above pennant. testing 241 B currently as if the pattern do play out could projected into +- 280B area for a next potential resistance. i keep watch for trend line from 17 May 2019 until recent as a point of caution. Just my opinion, high probability for retracement will occur if the trend line is broken. please take this...
In 4 Hour. It's more looks like a descending triangle is appear. Indicators In 4 Hour. It's more looks like a descending triangle is appear. Indicators DMI : Trend is undecided which direction want to go As DM+, DM- and ADX is consolidating.. MACD : Volume is weaken and ready to switch momentum for seller volume. I keep an watch a 0.36 as a important support...
BTC/USD is still moving upward breaking a short term downward trend (yellow line) and it's currently already breaching the upper level of resistance od ascending triangle ($8350). From Indicator: DMI : is quite positive as +DMI (green) is rising fast and made a huge range from -DMI (red) which is bullish trend is very clear. though it's not yet confirmed a strong...
Indicators : MFI = Still making a higher low from 18 december 2018 and still moving in bullish territories. DMI = +DMI is consolidating around 25 level and -DMI at level 16 and geting closer with +DMI. ADX is currently dropping which indicate momentum to upside is decreasing, potential for sideway movement or retracement is possible. Volume = Increase by looking...
My update regarding of fail 'potential' ETH/USD in 4 hour time frame. it did touch the 0.618 ($230) fib as a sweet spot to retrace and it did bounce from that level and currently testing 0.786 ($252).. also, the price action did manage to go above 20 and 50 EMA again as a bullish sign. the indicators might as well beginning to shift into a bullish momentum...
Though it show a weakness in price in present.. The Price action still within Ascending Triangle pattern area. as long the recent candle didnt close far below 50 EMA in 4 hour chart ( +- 7600 USD) there's a possible chance the price action could managed to bounce back within ascending triangle area. Although it's very risky area to trade BTC/USD as in Daily...
Aside from BTC price effect.. steem/btc is doing good recently. find it's low support around 4k satoshi and i expect it will consolidate between 0.236 (4359 satoshi) and 0.786 ( 5122satoshi) for awhile before it will start it's bullish movement after it breach 200 EMA around 5800. MACD so far doing great in daily chart although in 4 hour chart sighted a...
Bearish for short term after the price action broke from the potential bullish ascending triangle and being rejected by 20 and 50 EMA.. also it seems consolidating between yellow fibonacci 0.236 (daily/long term) and EMAs line.. some big move expected to be appear in the future either up or down. MACD is looking bearish as it's could still continue to build up...
From CMF try to bounce back into bullish area again. MACD still looking small buyer power and both still looking weak although still plenty of room to expand... if the ascending triangle do work out and price action show it's strenght above 282 USD .. i expect 320 USD and 365 USD as a next resistance target.
Might be double top or inverse H&S might play out more.. From MACD is looks weak, CMF still show it's bullish strength please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion. and please feel free to share what your thought on comment section. peace.
in 4 hour chart. after the price action move within descending triangle area and being supported by 20 EMA .. looks like it reach it's apex and ready to break up or down. Macd is already so far building its momentum for a bullish side atleast in 1 hour. although it still undecided whether it will continue it's downward momentum in 4 hour if it break upward...
Green FIbonacci retracement from past recent lowest point on weekly chart Yellow Fibonacci retracement from recent high and recent low on daily chart White Fibonacci retracement from recent low and recent high on 1 & 4 hour chart - MACD selling pressure cannot manage to continue for a while and creating a lower low instead since may 2019. - EMA lines begin to...
Green Fibonacci retracement from past recent lowest point on weekly chart Yellow Fibonacci retracement from recent high and recent low on daily chart White Fibonacci retracement from recent low and recent high on 1 & 4 hour chart After being Rejected by 200 EMA in 4 hour timeframe. now it's trapped between 20 and 50 EMA testing the support at 50 EMA. a...
Update from my previous chart about BTC/USD After a massive sell-of. price action go back up between 50 EMA line and 20 EMA still showing it's bullish strenght on CMF... After double top pattern plays out.. is the next will be a potential H&S also?? it must break 7600 in-order to break that pattern.. if it cant break it.. might be testing 200 EMA area.....
from indicators MACD is still can continue it's momentum it's trend to downside but it can changed dramatically as this coin is just a small marketcap. RSI is already on lowest level for 2019 resistance #1 15 satoshi (20 ema) resistance #2 16 satoshi (50ema) reistance #3 20 satoshi (200ema) somehow the spike its often happen during downfall or while btc...
After being rejected from 8300 $ area twice. It's looking like a 'potential' double top formation forming in 4 hour and currently is still undecided. while similar chart with different for 1 day chart with mixed signal so far leaning to bearish side. what i mean by mixed signal is due to divergence not quite rhyme yet. MACD is still have a moment to expanding...