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Because TA doesn't lie.
Here are my support & resistance levels for the coming days.
If BTC falls under the first trendline, I expect a drop or multi-day sideways movement.
If it holds, to the moon we go.
Breakout here is very probable, Litecoin is ready to moon!
Just sharing... Let's see how low can it go.
It's so beautiful I couldn't resist the temptation make another useless idea. Up we go.
But let's wait for a confirmation first.
My TA is the strongest.
Various indicators show "oversold", volume is moderate.
BTC will probably gain some value today. Let's hope for the best.
Godmode and other indicators indicates upside in the next move.
There's enough volume and we've also crossed the 0.618 Fibonacci retracement line.
Some basic trend lines and indicators. Notice the bounces from Fibonacci levels.
Let's see if BTC can stay inside the pitchfork. RSI and MACD look promising so far.
I believe the psychological $3500 level can now act as a support.
Here's my POV:
LTC is consistently refusing to leave the bullish channel, orbiting around the pivot and bouncing off the support & resistance prongs.
Volume momentum repeats price movements, and volume amount is balanced and shows clearly visible pattern.
Recovery after each previous jump took around 4 days, the next pump is likely to happen at 12th of August (in ...
Trying to apply indicator info, wish me luck... My guess is that ETH is not going to take new heights in the coming hours, but it's position is rather strong.
I estimate a more or less significant price rise in about 12 to 15 hours. I wonder if it will be able to hold new positions.
Price, RSI and Volume indicators look promising, I believe we'll keep this tempo.
There's an increasing amount of volume, maybe enough to keep price above the support prong.
There's a lot of movement and RSI shows us that BTC is oversold.
It does not look very clear for me at the moment, but after analyzing the RSI and volume indicators I came to a conclusion that we're heading east. There is enough interest in BTC backed by increasing volume amount. I believe we're ready for the next bull run!
Based on volume/price relationship I believe ETH will invert and enter a shot-term downtrend.
If volume is increasing, then the price trend is continuing.
Very nice distance and convergence before each jump, let's hope this pattern will last.
It would be nice If we touch the pivot and enter the channel.