RSI on 4hr has almost reached 90. I have played out some possible scenes for testing the green resistance line which is pretty important one.
if we can break above that green line, it will signal more uptrend with possible 3 targets planned out
Overall if you read all my posts, you must know that i' m very bullish on November and December for crypto.
THIS IS ...
stellar has followed its previous pattern and made a full retracement back to its strong uptrend support.
I am expecting we will go up from here and break up of the consolidation
Note: this is not financial advise.
when btc pumped at 20k and back down to 11k-17k, lot of pros were calling 30k and more.
Were they right ? you have already known it
Now, when btc is near 6k range, lot of people are waiting for 5k, 4k because they think capitulation hasn't come yet. Will they be right again this time ?
the truth is "majority can't win in this market"
Some hints for breaking up ...
After a massy rally, ripple is in consolidation phase now.
So the real question is whether ripple is top yet ?
The answer is :
-if we break and close below 0.4895, then YES ripple is top out already for this rally
-if not, then we will go up much higher again after consolidation. And the signal for it is the close above 0.625
Basing on ripple's past rally ...
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This is not financial advise
BCH has just broken out of the downtrend chart both on candle and RSI both daily and weekly
This is an early sign signal for a bull cycle.
I say it is early sign because there can still a bulltrap for retracing to new low due to OBV hasn't broken out yet both weekly and daily too.
So what ...
This is discussion post only and you are welcome to express ur opinion
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Coins have started recovering nicely today
And this is also the first time in a while Eth has shown stronger gain than BTC
So the question now is whether we are at the bottom yet ??
The answer is "If eth can go recover above 330 , then yes we are at ...
This is discussion post only. You are welcome to post your thought
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Stellar has proven to be the coin of LOVE
if you don't love stellar , you must be XRP 's fan and have ur money getting stuck now. Just kidding :)
Ok back to stellar, the coin has shown serious strong strength during this dumping time. However, stellar still ...
On March, Eth has dumped around 58% for around 26 days.
Will history repeat again this time ?
with ETH-BTC has broken its key support and BTC has high chance to dive to 5k. So it is definitely possible for eth-usd to repeat its history to have another 58% dump until end of this august. The final target is in the range 200$.
Note: Eth-usd daily RSI is already ...
we have touched the lower band on daily with a green doji.
6.85k is a strong support so it is a good place to expect some kind of recovering
In addition, bear momentum has exhausted.
Im expecting a recovering to minimum 7.4k.
Note: this is discussion post, not financial advise
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Daily is forming doji which shows indecision . That's great . It tells us that bull hesitates to push lower
We are at important 400$ psychological support
In addition, on 4hr we are forming descending triangle . If we can break up, that's a time to buy.
I have also pointed out the similarity of this dump with the previous one. As you can see that , with previous ...
coinbase has announced that the integrating work will be done on August 7th.
Right now ETC is at an important resistance zone 17$ . In weekly chart, ETC has been suppressed below that price for few weeks . By zooming into 4hr chart, you will also see that the price will match the downtrend resistance line
In conclusion, if ETC breaks it, it is the time for it to ...
I am expecting one more massy dump for alts.
Only brave traders will keep alts now.
In conclusion, this is not the time to buy or hold alts but to trade bitcoin only.
Expect to see at least 40% drop in alts' values soon.
- upcoming delaying of CBOE's ETF will make bitcoin's price to drop hard again
-During this current btc 's rally, alts DON'T pump ...
strong support has been broken.
Siacoin is famous for 90-100% retracement
we should expect it to drop more and to 40-50 range satoshi
This is not the time to buy alts but wait for them to drop massively.
if you trade coins with only bullish mind , you will be burnt.
Always use the eye of third party who don't buy or sell the coin to look at the chart ...
We broke out of the long term downtrend line at 7.8k and haven't retested it
Price is hanging around 8k range for few days with constant traps :)
However, Bitcoin usually does DOUBLE top. Before it happens, it needs to retest MA100 first like what it did in April
if btc goes above 8.3k, then it is a BUY and this post is invalid . For this case, the support ...
stellar has just broken out of its last long-term downtrend.
Time for moonshot?
check out my old post of XLM. This is just a continuous post
Note: after the current rally, im expecting a pullback to 0.33$ again before continuing going on higher
This post is for discussion purpose only