Direct we beseech Thee, O Lord, our actions and further them with Thy continual help, that every prayer and work of ours may always begin from Thee and through The be likewise ended, Through Christ our Lord. Amen
Im taking Monero long here at 83.22.
Usually it's not prudent to try to catch a falling knife... but sellers are showing signs of short term exhaustion on Bitcoin and Monero. Also, there is a notable bullish divergence on RSI.
I'm doing a small risk trade, risking only $25
Plan for now...
Target 1 (40%) $85.68
Target 2 (40%) $88.45
Bitcoin is at resistance on the Fear and Greed index.
There are many indicators which point to Bitcoin being overbought right now. There are also moving averages that will be applying downward pressure.
On top of that, there are many examples and charts comparing 2015 to 2019, and a pivot at this level would be both expected and healthy as we gear up for the...
I'm gonna try for a Bitcoin Cash Short here.
There is RSI divergence into a resistance zone from January 2019. There is also RSI divergence on a daily.
I prefer these when they have 3 points as in this case.
Entry Short $168.8
Target 1 $160.3~
Target is negotiable... there is a 100 MA, the stated target, but also, if it breaks the trendline could...
I'm going bearish at the SPY break of 281.24.
Stop at 282.30
Would be over 4R if triggers and position is held all the way.
There was a 61.8% retrace, and several examples of divergence on the indicators..
Also, UVXY could be finding a bottom here..
JMJ - UIOGD
Here is a scenario for a 50%-61.8% retracement for SPY, up above $282, before continuing it's sell off.
Looking to the left, there was a very similar structure in late February into early March. You can see how the peaks are quite identical, and on the low following the last peak, there was a retracement between 50%-61.8%... and also to the area of the 100MA....
Here is a POSSIBLE resolution to the end of the Bitcoin Bear Market.
I did one of these before, but it was predicated on a higher high that never came... so here is an updated version.
This one is obviously predicated on 'the bottom' already being in... which NOBODY truly knows for sure.
Anyway, in this possible Bitcoin Bear ending, the last best time to...
a little late, but from here...
Entry at 135.50
Target at 127.17
Stop at 139.58
this gives a 2:1 risk:reward
can also use the 137 as a stop as the rejection on the 100MA was there... but there is always the risk of getting arthur'd anywhere.
JMJ - UIOGD
Litecoin! History repeats until it does not.
Note Litecoin 2014-2015 vs Litecoin 2018-2019
A low, turned (quasi) descending triangle
Fallout, with rounding bottom, corresponding with RSI oversold to overbought rotation
High, followed by a big drop into consolidation for next bull run ??
The similarities are undeniable. What remains to be seen is if...
I am not sure if this means anything or not...
If you take the candle when Bitcoin really broke down November 14, 2018... and then mark a point below it around $2,100... you can draw trendlines that correspond to the price action over the last few months.
As the future data is unknown, i drew a gann fan from the latest trendline to the $2100 level... just to see...
SILVER has a high probability of exploding in price. At this current level around $14 SLV , it is very possible that price could go 2x 3x or even more. Here's why...
Double Bottom on Weekly chart
Double Bottom on Monthly chart
Bullish Breakout of channel from August 2018 - daily and short term
Bullish divergence on Weekly
I was watching this channel on SLV...
As Bitcoin met expected resistance around $4,100...I am entering a short term short position.
Note the RSI divergence on the hourly chart, and such divergence, when it occurs at a resistance (or support the other way) carries more weight than a random one. I'm looking for bitcoin to come back at least to $3,874.
But more than a short, I've sold an amount of...
I know, we are in the midst of a major bear market and crash... however, there is a VTC possible bounce zone here. Weekly support is around 20 cents for vertcoin. And RSI is showing a divergence as the price nears 20 cents. The next support could be 6 cents, so the stop could be tight if taking this trade..I'm considering a half penny under the support, as I have...
From here, i say it's about 50/50 that bitcoin tanks further, or goes on a big bullish move.
Bitcoin is clinging on to it's last support before another big drop into the 2000's. And neither of the previous supports provided much of a bounce, especially not that violent V bottom that a bull would hope to see. Also, the alts are just making new lows over and over...
Wanted to highlight a support that some may not see. Drawn from the thus far bottom, these are the Gann Fan lines for bitcoin. There are many touches within all of the lines, so I think it is very reliable... Further, I can not interpret the price movement as bullish at this time, as the action should be above the 1/1, not below, and not only below, but testing...
I wanted to point out the channel that has been formed off of the (thus far) crypto bottom.
Ethereum Classic has actually made a higher high in price, but found resistance at the top of its channel.
Bitcoin is nearing the support of its channel, so really needs to see a bounce soon, and not fall below the channel.
Also, ETC/BTC pair printed an 83+ on hourly...
Here is the bitcoin price prediction chart. The article in its entirety can be found at procinctu.info
There are those who unfortunately only buy into bitcoin manias to ride the rocket to the moon, to get rich quick, to buy lamborghinis….They make the price bubbles possible, and oftentimes are parted with...