Shorting it. Looks like the market is going to retrace. Target looks to be a double-bottom, possibly lower. 4H Stoch is overbought. Rising Wedge.
Monaco looks to be within a Falling Wedge WITHIN a Descending Broadening Wedge. If everything continues bullish, then we could see an inverse H&S for a decent bounce.
Showing a Falling Wedge on WanChain. It looks like all the altcoins are bouncing. Be careful for 1 more leg down before a big push up.
Chart speaks for itself. Market looks like it's ready to bounce! Longing it.
... Long it.... :D
Looks like altcoin markets are ready for a bounce!!! ETCBTC also hitting long term supports. Entering positions.
I'm not really sure what coin this is... someone just asked me to chart it a while back and I still had the tab open. Anyways, long term support is hit and BTC needs a bounce. Seems like a decent spot to enter in.
There's a buttload of indicators showing we are oversold and in Bounce territory. This doesn't mean we are Bullish, but it does mean that there should be a significant bounce incoming. The only thing I see keeping the price down, or having it continue bearish (for the short term) is the infamous Korea FUD. >>Bull Divergences all across the board. >>1 Falling...
There are some big Bullish Divergences on BTC showing on the smaller timeframes, as well as some volume picking up. Looks like a decent little bounce area.
After a 1000$ Falling Wedge resistance finally breaking, BTCUSD has broken the downtrend line. It seems as if we'll be making an Inverse H&S with the trend being fairly strong as the 4H Bullish Divergence finally comes into play with the 1H breaking the downtrend as well. The price should retrace back down to the Falling Wedge's (Red) resistance line as the 1H...
We're at a zone for a lot of trend reversal possibilities. Many indicators show that we can flip to a bullish trend, including a potential Inverse H&S Patter on 1D StochRSI, floored 4H StochRSI, multiple Bullish Divergences on higher time frames, J-Hook Reversal Candlestick patterns forming on 4H, Ichimoku Cloud Support about to hit on 4H, Fib Retracement 0.382...
If you glimpse closely at BTC you can see that it's following a very close resemblance to the previous history's price action. We've got the initial push up into a rally, the retrace down into a reversal period that creates a 'Diamond Pattern', followed by the 2nd push up & retrace down to the support. It all seems to fit nicely into one large Rising Wedge pattern...
Monero has hit the bottom of a support, is on the Daily 12 TD count, StochRSI Floored + RSI showing a Bullish Divergence. On smaller timeframes you can see that it is breaking the Falling Wedge Resistance. Looks bullish for a nice rally in-between two Levels. 30% Profit Potential. -Wolfie
As BTC struggles to flip the trend into a bullish reversal, so does LTC. We've created a very obvious Falling Wedge, however it is currently finding resistance at the Resistance Trend Line instead of completing the pattern and breaking bullish. However, should the resistance break, it seems like a good long / entry position to ride the bounce up towards the...
Big Head & Shoulders looks to be at play on BNB. If it breaks the neckline, its a good Short opportunity.
What's up everyone. Quick update for BTC. So, I'm still in my Short from above when I tracked the Rising Wedge + Bearish Butterfly, and because that position is in profits with plenty of play room, I've decided to keep the position open to absorb the capped out funding in a few hours + double-down on futures (or alternative account) to hedge into a long position...
Bearish Butterfly Pattern + Head & Shoulders. Stay
Monaco has hit an accumulation floor after many days of retracing. There are currently 3 supports below it, 2 trends + 1 Fib Level. Looks like a good position to enter in for a spike up to the 0.5 Fib Level. Stops set under all 3 supports in case the market decides to dump.