NERDiT

NERDiT Updated 

Looking like a breakout and retest of 12 - 14K levels, where there is heavy resistance **Signs** - Falling volume - with - falling price - RSI above 50 - MACD Cross-over Looking like its gonna cross, watch volume closely, if it does not keep up with PA, then possible fake-out then bear smash, careful scalping. Also got May halving coming.. ;P Happy trading.

NERDiT Updated 

So, firstly, when looking at longer timeframes (1D or longer) it is much more useful to look at a logarithmic (log) chart. One side effect that may help on and emotional level, is that the chart looks much less drastic. Ok, so when comparing the 2013 ATH of ~$1125 and the retrace down to ~$155, to the 2017 ATH of ~$19,339 down to the $3k levels - there are a few...

NERDiT Updated 

Chart says it all: - Price Action exhausting on falling volume - Higher Highs and Higher lows flattening out - Needs to hold above ~5025$ area - If we hit 5K could see slippage in 45-4800 range - If it does, should see some accumulation - keep an eye on volume This is not financial advice - just my opinion - happy and safe trading!

NERDiT Updated 

- Falling Volume - Bear Pennant forming - MACD on downside

NERDiT

- Head and Shoulders completed on 1H chart - 10 and 50 EMA lines have crossed signaling trend reversal - MACD undersold and also MA signaled

NERDiT Updated 

Head & Shoulders forming, typically a bearish signal. Although could get a chance to skim if the right shoulder end up higher than left. I plan to buy back in when it corrects/drops. I am a new trader - so, let me have it! and dont listen to me!

NERDiT

- ZEN HAS ONCE AGAIN BOUNCED OFF ITS CRITICAL SUPPORT LEVEL AT ~15$ (GREEN HORIZONTAL LINE) - THE PAST TWO DAYS BROKE UP AND THROUGH THE DOWNTREND RESISTANCE FROM PREVIOUS HIGH (SHORTER RED LINE FROM LAST HIGH) - THE 10 AND 50 DAY MOVING AVERAGES ARE CONVERGING "THE PINCH+CROSSOVER (BULLISH SENTIMENT) - MACD AND RSI ARE MOVING WITH UPWARD MOMENTUM - FIRST...

NERDiT

- RALLIED OFF THE 50 EMA LINE TWICE - RSI DOWNTRENDS