Bitcoin seems to be holding out well from a massive drop in these recent days. Right now, it seems to be forming a bullish divergence. We can also see a pennant forming.
Set a stop loss if it breaks the pennant downwards. Buy if it exits upwards :)
Patience is paramount!
...and good luck to you all!
As we can see, volume is clearly decreasing. I've checked out any instances when deceasing volume lead to a price increase in BTC, and I could barely find any. Therefore, the chance of BTC going up in this low-volume situation, is very rare. Also, a mini-head and shoulders is forming.
However! This could end up forming a larger greater inverse head and...
MCO seems to be forming a triangle pattern right now. I personally think think it will exit out of the triangle upwards, as opposed to downwards. Cryptocom typically release major news when the market conditions are favorable, and right now, it seems favorable. It the announcement of MCO Visa Card getting the green light for operations in the US...
MCO seems to be forming a head and shoulders pattern, and looks poised to go down to around 0.000577 due to it's decreasing volume.
Also, BTCUSD looks like it's about to experience a big drop within the next day or so, bringing altcoins down with it.
Be sure to sign up to the MCO app using the referral code P195VO5VKA, to score some free bonus sign-up...
If MCO manages to breakout of that green trend-line, then that's definitely a buy signal in my sight.
Also, we got the EMA (7, 231) on the verge of crossing.
Crypto.com typically release news on favorable bullish market conditions like this, so I expect some news to be released this week that will act as a catalyst for the upcoming bullish price...
This is what I think might happen from 2018 to 2020.
I believe Bitcoin may touch down on the critical trend lines as seen in the chart, sometime in late December or the beginning of 2019.
From now until that happens, I think we'll just see sideways action from Bitcoin, with Altcoins increasing in value.
As we can see, volume is also reducing, further...
As we can see, BTC seems to be in a symmetrical triangle. According to the hidden bullish divergence we see, as well as the decreasing volume, I conclude that this symmetrical triangle is going to exit downwards instead of upwards.
For a more detailed and long-term analysis, feel free to check out my related idea (Wyckoff Accumulation Scenario -...
It seems we could be in a Wyckoff accumulation pattern right now...
Currently, we're in phase C, waiting for the spring that will break existing supports, go down into the $4-5k range, and then spring up.
During the next 2 months, the SEC will decide on 9 Bitcoin Elf's, and we should know the outcome by the 30th of September. Personally, surely, at...
It's been a long time since I've made an idea on ICON (ICXBTC).
ICX has decreased in value severely in these past months.
It seems to me that ICX has bottomed out.
Firstly, the extreme selling frenzy seems to have died down, as can see in the reduced selling volume.
Also, a potential rounded bottom and a double/triple bottom seem to be...
This is a bullish scenario which I see playing out for Bitcoin.
It should, hopefully, touchdown on the 200-day EMA, and then bounce off, and thus form a handle formation. Also, volume seems to be increasing a lot lately.
If this all plays out well this week and next week, and we remain bullish, then the ultimate target of this C&H is...
This is what I think will play out for MCO during August-September.
BTC just had it's rally towards $8,500, and it now looks to be correcting itself back down to the 200-day MA on the hourly chart, which looks to be around 7700-7900. This should take down alts as well. Once BTC reaches that 200-day MA level and rebounds, alts should pick up steam and...
Exciting times here for Monaco (MCO), or should I say Crypto ;)
Monaco Card rebrands to 'Crypto' and acquires crypto.com domain name, as well as releasing a new whitepaper and new card perks.
... all this, whilst MCO is in the handle formation of a major cup and handle.
I expect MCO to increase significantly in value this week.
Here's my take on LTCBTC right now.
The RSI is quite oversold right now, so it should go up and recover any time soon within this week or next week.
Once it reaches it's critical point, late 2018, it should, hopefully, touch down on the trend line, and spring upwards.
Patience is paramount!
This is version two of my following idea:
I previously called 7900 the bottom of this downtrend. It looks like it is in fact 7800.
A major possible inverse head and shoulders could be forming for BTCUSD (and a head and shoulders for BTCShorts :D). This should detract the...
I believe MCOBTC is looking to form a cup and handle.
Typically, cup and handles form when the price drops slowly due to a correction. The price remains stagnant for some time, but then good news is expected soon after (Monaco IOS App Release this week or next week, card release possibly next month), so people begin buying up, and the sentiment becomes...
I strongly believe 7900 was the bottom of this downtrend/correction, and from here on out, we're on a upward bullish trend straight to all new highs.
I believe so for several reasons...
1) 7900 was the target for the major head and shoulders we had, as well as the minor head and shoulders that took us from 8200 to 7900.
2) We experienced a double...
I've spotted a cup and handle on the hourly BNBBTC charts.
The sentiment looks good for BNB right now and for the cryptocurrency market as a whole.
I'm sure we will reach 0.00155 BTC within 1-2 days.
Patience is paramount!