Needs to hold inside this channel that started in December of 2016. I am buying ETH at this level and will only sell if it breaks below that long term parallel channel. It Looks like it should rally from here. The only thing that looks bad is the Stoch RSI is at the very top on the daily. Still the momentum is turning up and sentiment is trying to turn bullish....
Day trading BTC: Consolidating for its next move. My MACD system is called a short, but has been going back and forth in the chop over the last 24hours. Break of support is a good place to add to a short that is already open, or open one. Target on a short would be 5800-6k. A break back above the resistance just above could show potential for a move to at least...
DGB is a rediculously undervalued coin from a strict FA perspective, but let's look just look at the chart: Seeing a lot of similarities from the accumulation before the previous pump. Ichi looks similar, the TK lines are flat and crossing each other on the daily. CMF, MACD, and Stoch RSI all have bullish divergences. A lot of good signs here. Buy signal on the...
Zen has been on fire the past week running from 0.0022 to 0.0037. It broke through the local, short term, trend support on the 1 hr, So it is a sell. I am expecting a retrace to at least the support for this whole move - lower red line. It has bounced here several times, but the CMF has bearish divergence over this whole move on the 4hr chart, so it could break...
CND looks like it is forming what my friend Dan Jeffries likes to refer to as the Ultimate Crypto pattern - downtrend followed by sideways accumulation and then a pop up. It is still in the accumulation phase and I hardly see anyone in the space talking about it right now. Which tells me the Market Makers are still building their positions. This is your...
Money flow is just turning positive on the daily and that has always preceded a larger move. I have a bag from a little higher than this that I am currently holding, so I jumped the gun on this one a bit, but this level looks better as a possible bottom on its BTC pair for now. I am not saying there will not be a better entry than now, in truth the 4hr chart looks...
BTC has bullish divergence on CMF and RSI on the 4hr chart, what looks like the beginning of a J-hook reversal, a potential descending broadening wedge - charted, and 4hr Stoch RSI oversold. I am cautiously bullish. But keep in mind, we are still in a bearish trend until we are not.
It is about to do something! Has a nice long term uptrend. Has some ichi support, but the 20 ma crossed the 50 and price is bouncing off the 50 at the moment. Look for it to find support on that long term trend again or break it. If it breaks..... dump. But if it can push up, and there is a potential for a bullish TK cross in the green ichi (though with a small...
The daily RSI and Stoch RSI are in symmetrical patterns. This will break one way or the other soon. A whale just bought up a large part of an order book, and the price was sold right back down to where it started. Watch for a break of this triangle. I would only enter a position on volume confirmation.
ETC went though a nice correction, sideways consolidation / W bottom, and is just starting to climb. The uptrend is supported by the Ichi cloud at the moment, and we should see a day or three of sideways action to accumulate and then it will go for another leg up. 4hr shows decent support too and after it finishes retracing we will see a jump there. Daily RSI has...
XMR looks like it will drop against BTC, and is already dropping against USD with tight BB on the 4hr. XMRBTC - Daily RSI is low but will likely bottom out a bit more because: There is a TK-cross inside the cloud on default settings with the potential for price to go down/sideways and break out below the red ichi in a few hours -watch for this or a bounce that...
BTC is in a no trade zone for me at the moment. It is still in its downtrend and is bouncing off the red ichi and 50ma at the moment. I want to see the price come down and bounce off that support once more to confirm it and might risk a small long on that bounce, but a break of that support, even a little one could lead to a test of $8500, so set a stop loss...
Shorting your Bitcoin is a good idea at the moment.... Not too much leverage... (sigh). I plan to buy back around 5k, maybe even lower, for the next rally. RSI shows that we are going to bring the price down. We need at least a cool down before another rally. TD sequential confirmed short opportunity last night. Pattern is potentially a descending broadening...
Zcash is a good long term hold. It looks like it has just formed a bullish flag. There is a long term support below and the RSI's show some room to retrace, but Sell volume is low. I think It is about to make a next leg up and create a short term bullish trend. Buy here is a safe bet, and if it drops to support (marked) increase position there. As always, Trade...
NEO has been in a healthy retrace after its recent bull run from an accumulation floor. The Blue support line in my chart is likely the lowest point it will hit before its next leg up. Place buy orders within the green ichi cloud. I was hoping NEO would make it all the way to the lower support, but unless some bad news comes out, or BTC has another large drop,...
MTL has been following a falling wedge for a while. It should break the wedge soon and start a bull run, probably when BTC does. The 1 day Stoch RSI is nearing oversold territory. The 4 hr is overbought. MTL may bounce off its long term support around 1828 satoshi, but if it follows the wedge and lets the RSI come all the way down first it could easily reach 1748...
This is a bear flag on the 4 hour. Set your buy orders low now. The 4 hr RSI needs to come down, but when it does, ETH is going to make its next attempt at ATH. The 1 day is at the bottom. Price is below the Ichi cloud. Good news is incoming (metropolis upgrade) This could be the "flippening" or near it, that Ethereum enthusiasts are always going on about. Target is 400+
"We had a good run, but BTC is dead." I imagine we will continue to hear this over and over. That just tells me its time to buy. I have a possible retrace marked out on this graph. It is also possible that BTC bounces off the Support it just touched, but I doubt that will hold.