TheMice

TheMice

Just looking at the repeat. Comparing support and resistance from the previous ATH to current trend.

TheMice

If the last dip was anything to go by then it looks like another month of consolidation before the next leg up. Doubt this support will manage to hold the whole month so perhaps expect a further dip down, although supports between here and 30 look shaky so that will be nerve wracking for longs. S&P crashing will definitely negate this projection. Obvs not...

TheMice Updated 

"Wait and see" seems to be such common advice. Sometimes that is probably right, sometimes maybe not. This, though, definitely feels like a wait and see moment: - Firstly, the MACD cross, which usually precedes a pretty strong bull run. - To counter that, there is a bearish divergence emerging on the daily MACD and RSI. - Price is also now encountering a triple...

TheMice

Bearish divergence developing against MACD and RSI on the 4 hour chart. On the daily it is less clear: the RSI is not rising with the new highs in price but it is not falling (and MACD hasn't developed highs to compare yet). Last time this showed we had a correction a few days later (albeit this was showing up on the daily). We are also in an area of strong...

TheMice Updated 

We had to wait two weeks for BTC to catch up and join ETH in the 0.5 - 0.618 range. Are we in for a similar wait for BTC to join ETH in the 0.618 - 0.786? However, 50k is a strong resistance for BTC and there are bearish signs at the moment. If BTC fails to break up now we could see ETH coming down fast. Cannot see these two going there separate ways.

TheMice

Simple bearish divergence of price and RSI. Anyone with experience know how this plays out with BTC?

TheMice Updated 

This is a simple chart with a simple question posted by a newbie (so please be kind). I would really love explanations or comments on whether this constitutes an inverse Head and Shoulders. Are the "shoulders" at too disparate levels? How important is it that the neckline aligns (down) against the anticipated reversal (up). Does the lack of change in volumes...