Good old fashioned BitcoinCash. Pretty interesting chart.
BCH prices dive in December after rallying to 632. We see a classic rounding bottom reversal with a very abrupt right end, volume confirmation, challenging the lower range of the gap at 272, classic pennant forming, and... it fails.
Classic fakeout. Another flag forms and this one succeeds, closing the...
DAT GAP THO
We saw a fakeout breakdown of the pennant. Then plenty of opportunity to get back in as price break resistance flipped it to support tested it three times and then the price took off.
I didn't take the trade cause I'm dumb. Are you smarter than me? Did you take the trade?
.3476 was a possible support level that was broken and could become resistance. It also lines up with the .382 fib level.
Red trend line has been major resistance tested multiple times during this down trend.
12 and 26 EMA's have become resistance.
All bearish signs.
Last major areas of possible support are at .2903 and .2629. The golden zone on the...
WTF is this coin? I dunno. CZ said to eat it so it's on the menu.
Does it matter?
Does any of this really matter...
I'd wait for a bottom on this chart, who knows where that might be, but this is the current look of this here shitcoin lately.
You don't have to believe in it to trade it. Volume is a major point of interest though. But if the prophet CZ...
Dotted lines of resistance.
Rounding bottom. Crazy volume increase recently. Interesting chart to watch. Choose your adventure as far as points of entry and exit but I think DGD is worth keeping an eye on if the trend continues.
Volume and price action indicate it's possible. The green channel is trying to break through the shoulder resistance areas which would invalidate the possible head n shoulders pattern. But if it does play out the green box would be the target zone.
If BTC continues its run towards 6k ETH will most likely break up.
BTC on the daily on Coinbase has only breached the 88.5ish level on the RSI six times (it re-breached that level shortly following the initial break (which is marked in blue) a couple of times during the runup that followed).
Each of the previous five times the price ran up for an average of about 42%, then corrected a similar percentage reaching that cycle low...
From bottom range in green to the tip of the top is about 1000%.
Dotted red lines are possible areas of resistance (interest).
Dotted blue is the current range high which was broken on the weekly but failed the retest. A close above the dotted yellow maintains the weekly higher low and LRC would be expected to challenge the blue resistance again.
Litecoin doing its Litecoin thing. Consolidating while testing massive resistance. ltc has so far lead the pack along with bnb. If we see a major move upwards testing resistance, and then maybe btc testing 6k, and well then maybe...?
Get your popcorn, then throw it in the garbage because popcorn is a garbage snack,
then rethink your snacking options,
No Joke. ... cause it's that day, ehhh, ok. so;
We could find support at the current level, on the 786, but if we don't it's likely a more complex correction that just might land in the golden zone, possibly maybe.
>>>I'm a noob in the #mj markets but this is a classic wait and see for me in my own opinion here basically mostly based on my own opinion which is...
Just digging into the #mj stock world. Looking at Cronos. Possible H n S pattern forming. Charts are fractal. We see repeating patterns. Maybe it's because the human brave craves form in repetition or maybe there's some deeper underlying level of connectivity. Either way we saw a head and shoulders play out earlier with very similar volume and RSI...
Let's begin by looking at some the most relevant price levels for $BTC on the monthly; each blue line represents a price level that was in play for at least six months.
Then we'll look at the highest volume candles and how price reacted to those levels.
Then look at the fibonacci relation.
And finally just unravel into a general rant about game...
ONT scenario if BTC doesn't dump like a truck (which may happen).
If the Bitcoin does go down there will be very few if any alts that don't go falling along with the ship. But if btc can even just stay afloat for a while then there is certainly some room for alts to run. (...on water? I mixed my analogies...)
So anyway I'm keeping an eyehole peeled at a key...
Is there anybody out there?
ONT breaking through resistance that shows up as a daily triple top. If it can flip resistance into support and retest we're looking at the dotted lines as the next significant resistance levels. And then...
ONT saw 10 straight bearish weeks resulting in a 77% drop in price so once the price finds that space there might not be much...
Waltonchain is a chart to watch over the next few days as we approach important resistance.
EMA's are acting as support on this uptrend and we've seen a bullish cross of the 12 and 26 day. Increasing volume. RSI is approaching oversold but if we pull back in the next couple of days before challenging that upper range resistance level it will likely bring it back...
Bitcoin Cash looking pretty bearish short term so we look at previous resistance and support and fibonacci levels to see probable areas of further action occurring. These are points of interest to keep aware of, not entry points for trades necessarily; having a large area of POI and a small area of actual trading activity increases ROI, imo, ymmv.