Looking primed and ready to rise for a measured move of 112%. A breakout of the descending triangle could give this a great price swing to the upside. This will take time for the setup, but looking good.
Crossing over on the 4 hour chart of the 7/50 EMA.
Macd crossover coming up.
volume picking up.
Risk/Reward - 2.11 to the 1199 sat level and...
Arpa has dropped ever since its debut on Binance from 292 to its current level of 152. Here's a few bullish indicators which could see it jump over the next few weeks:
Looks like things could turn around from here. A strong support at 141 satoshi,
MACD crossover on the 4 hour,
Good risk/reward ratio of 3.78 to 186 Satoshis,
Great news from Afghan government, all-time low 120 Sats, crossover on the daily, volume up, high sentiment score, mainnet release in December, Fantom pay launch in December, Fantom loyalty launch in December, could be good for 50% + increase in the short term (Up to 4 weeks) and medium term (1 -6 months)
1: 210 Sats for 19%
2: 267 Sats for 50%
Today I want to look at a surprising bitcoin price structure that could show we're about to go up to $9,500 in the next few weeks and that the bottom price is around $6,500 and why you shouldn't worry about the BTC price.
You can see we've been in this descending channel for 5 months now and the structure has held well. If this structure were to hold we could...
We can see the symmetrical triangle here with a strong support line.
We also see a strong support line at the 3,250 level so we would place our stop loss just below this at around the 3,195 level for a 3% Stop loss. Risk/reward ratio is great on this with a possible quick upside potential of 15% and longer-term upside potential of 57%.
Numbers are looking good for Wabi just now and fundamentals also looking good with news expected of partnerships soon. Read Q3 Report for more info.
A bounce from new support at 1920 up to next weak resistance at 2126 sats. A breakthrough of this level and there are no resistance areas until 3,200 sats. A possible 66% increase over the next few weeks.
QKC has been trading slightly higher every day to form an ascending triangle on the 4-hour chart. Possible breakout of 25% initially if it breaks out above 155 could be expected. A break of 50% to previous resistance levels could also be on the cards.
TNB is now trying to breakout of a symmetrical triangle and we could see a big move up. The last time it broke out back in April we had a 100% move. Looking at the extension we could see a move up too 100 Satoshi.
The 7 EMA crossed over the 50 EMA on the 6th May 2019 at $5,661 and went on a near $2,000 run to $8,400.
The 7 EMA crossed DOWN over the 50 EMA on the 16th May at $7,992 to indicate a strong move downwards and it did all the way down to $6,200.
The 7 EMA is now looking to cross back over the 50 EMA hopefully today, if it crosses over then we should see another...
An interesting chart on the weekly BTC.
If you look at the weekly chart for BTCUSD you will see there has only ever been 2 crossovers of the 7 EMA and the 50EMA.
First crossover was in January 2012 when BTC was $4.68 - It went on to a high of $1177 in November 2018 before coming back down. Thats 251x move on BTC = 20,510%
Second crossover was in October 2015...
If you're prepared to buy and hold for a few weeks I think we can see a large breakout coming for BTT. I have called this already in the premium group but here is what I am seeing just now.
We are in this descending triangle at the moment but with strong support at 18 satoshi. Normally descending triangles are bearish, for me they represent an amazing buying...
CZ has made an absolute genius move by tapping into the thirst, and greed, of the ICO market. With the firing up of Launchpad, the Binance equivalent to the ICO, BNB has suddenly added much more value to the already valuable token. This has all the hallmarks of 2017 and what happened with Ethereum when it was the goto token to buy to get in on new ICOs that were...
Been watching Dent for while now and looking for signs of a reversal from the 22 sats level.
22 is a massive support area and would use this for placing a stop order around 20-21 sats.
The breakout from the 6 month long descending triangle is the first sign, for me, of a reversal of a trend for Dent. This could signal a move up to 36, 44 and onto 59 sats...
I have been trying to get into TA for a while now, and the more I get to know the more confused I get with all the different patterns, technical indicators and everything else in TA.
I like simplicity for trading and the one thing that has been consistent for me is the 'crossover' indicator. When the 10 day EMA crosses below the 20 day EMA then it's time to...
I have a propensity to go long on BTC as I don't have that shorting mindset yet, but this looks like it is about to drop even more so I have taken one of my first shorts out on BTC with a short stop loss.