Looking at the MACD on the weekly looks like we are going up soon, but I do not expect to break out of the falling wedge. On the monthly chart (posted below in the comments), the MACD is fully bearish and it looks like it will take a lot of time to get back.
Bitcoin needs institutional money to go up. Summer time is coming when many people are in holidays and...
Falling wedge identified on the 4h chart and together with other indicators and Bitcoin looking bullish again seems like this alt is going to go up really soon. Maybe alt season it is just starting. Short term ( around 5 days) will reach 20% profits and long term looks really well. HODL this one :)
Please leave your ideas below. Good luck trading!
Study case for RSI , we have a falling wadge on the daily timeframe . StochRSI shows we're going down a bit more, maybe 10% more. Until now we have touched the first out of three main support levels, which are closely to one another. Don't panic if you bought earlier, buy more now and wait for the bounce. DGD 0.00% announced big news with it's child coin DGX...
BINANCE:ONTBTC is a strong coin fundamentally and from a TA point of view today we have a good entry point. On the 4h chart MACD looks like it wants to turn bullish and we have a bullish convergence on the RSI. This is a long term HODL project and we are going to sell along the way when you feel comfortable. Put stop loss -10% from entry point as BTC is still...
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Entry .650 - .670
1st target .1170
2nd target .1750
3rd target .2380
No stop loss
With all the mess from Bitcoin in the last weeks, all the coins have been going down. Now Bitcoin seems to have stabilized for uptrend for the next week and alts also are going to profit. AION is down hard and it's a good price to buy anytime now
MACD crossover has the two lines very far apart from each other, meaning that if they cross each other in a short time we can expect a pump of the price towards 50% of the current price, hitting the Fibonacci level. Stochastics also look oversold indicating a good opportunity to buy with high reward and low risk
LSK seems to have finished its retrace by analyzing the MACD crossover and Stochastic RSI. The bollinger bands also show us that the price is trading above the moving average line, which is bullish signal