Double Bottom with bullish RSI divergence, we can enter here if BTC holds up and look for a nice 20% profit. Just wait for BTC to stabilize before jumping in.
This can really go either way at this point. It seems we have a clear cup and handle pattern that was followed by a breakout and now we are currently at the retest of the neckline. On the other hand, there is Bearish RSI divergence and we really lacked volume during the breakout of the neckline. I charted the 2 scenarios that I think we can see play out. At this...
Bitcoin has formed a double bottom with bullish RSI divergence...I would look for it go to 60.5k and try to break the downward trendline. We are still overall in a short term downtrend for now. Thanks for viewing my post.
Bitcoin looks awfully similar to a pattern that we saw play out before. We have the same rising wedge, as well as the same bearish divergence on the RSI. My best guess is that we will find temporary support between 46.7-51.5K before we retest the 61k range. I think we will then continue further to the downside. This is all hypothetical but if i had to guess this...
When looking at Pirate Chain we see that it has formed a double bottom. It has also formed BULLISH divergence (Lower Lows in price - Higher Lows On RSI). Privacy coins will explode in the upcoming months with increasing government regulations. Volume has also begun to pick up. I dont think that Pirate Chain will go much lower from here, so I am going to go ahead...
A sector that is definitely being overlooked right now is privacy coins. As government regulations will undoubtedly come raining down in the future, privacy coins will just continue to increase in popularity. Greedy governments HATE privacy coins thus why the IRS has a issued a $625,000 Bounty for breaking Monero. THIS IS BULLISH. They want to take down privacy...
Silver is looking strong, we have had a breakout of the downward trend line as well as a nice retest. Currently looks to be forming an inverse head and shoulders pattern. Needs to break above the neckline around 24.80. If it is able to break above we could easily reach a target of 28.00 - 28.50. Thank you for viewing my post!
SXP is looking primed and ready to go. We have had a nice breakout along with retest. Also formed a nice double bottom. We have strong resistance at 2.47. If we are able to break resistance SXP could quickly reach Targets of 3.50, 4.00, and then 5.00. I have not yet taken a position because I am unsure of Bitcoin price action. If we do break the 2.47 resistance I...
When comparing Mana vs CHZ you can see that they look very similar. If we see somewhat the same action that Mana had then we can aim for a 1.20 target. I may just take a small position here just in case. Lets see what happens.
We see 2 pretty identical patterns that have played out. I wonder if Gold is in for a correction in the next couple months. What do you guys think?
We have a head and shoulders pattern I think we retest the descending wedge that we broke down out of, before continuing to the downside. Dont underestimate the very ugly weekly candle that we closed last week. Look for short entry around 61.3k ---- Target 57K. Thank you for viewing my post.
KAI is looking primed and ready to go. We could see a retracement to 0.055 area before attempting to break resistance. If we are able to break resistance with good volume then I would expect to see 0.50 cents within the next couple of months. Thank you for viewing my post.
BTC is on the verge of closing a very ugly weekly candle. It seems that the bulls have lost momentum. Still have bearish divergence that has yet to correct. I think we are in for a correction. Unless we have a miraculous push to the upside in the next 2 hours, I think this will be a bloody upcoming week for all coins.
CHZ is a very sound project that many have seemingly forgotten about. We have a nice cup and handle playing out. We have a couple key areas of resitance to break through but after that there is room for growth. We could see a drop to .25 cents before takeoff if BTC takes a hit but overall Chiliz is looking good.
BACKGROUND Tether launched in 2014, and quickly became the world's largest stablecoin, with a current market value of almost $70 billion. In order to assure buyers that Tether is Legitimate, Tether claimed it had cash reserves equal in value to the stablecoins it issued. That means that 1 Tether Has 1 U.S Dollar backing it. The US government found that wasn’t at...
BTC is looking to take out the former trend support that has held as resistance for the last 5 months. It is also fighting against the neckline of the rounded top/ head and shoulders pattern that formed Feb-May. If Bitcoin is able to flip both of these lines (Which is exactly where BTC reached before slightly dropping). Then I think we can confirm that the bull...
Ive just included a couple of scenarios that could play out for BTC. At this point I am pretty neutral and just waiting for something to push me toward a side. There are still some pretty bearish divergences on the 1W and 1M charts. If we do break ATH id expect 72k to come rather quickly. If we fail to break ATH we could see a couple of weeks of sideways action...
The total marketcap of ALT coins is currently looking really nice. I think we could see one last drop before we take off. All dependent of course on BTC but once BTC corrects and moves sideways look for alts to break out and fly.