Although BTC can seem fairly hard to read right now I am thinking we are leaning towards a dump off because of the following factors:
Volume is decreasing while price is increasing - Could be a potential sign of a trend change.
-We are at the edge of a supply zone,
-Potential completed Elliot waves,
-Broken diaganol support (but also broke upwards out of...
Bitcoin 12HR chart is looking quite interesting:
-Hidden bull div on 3 separate indicators
-Possible downtrend channel
-Possible triangle forming
Watch for a close above 3714 as confirmation of end of this current downtrend.
If we break the downtrend or horizontal support then check my weekly overview for possible scenarios...
BTC Weekly chart overview:
Consider that there are shorts trapped in the 3200-3500 levels, and some small bull divs showing: if we close above the golden pocket 0.618 downtrend resistance 4440 I will consider us out of the bear market in the short term.
Bull divs on the weekly:
Hidden bull divs on the...
As mentioned in my earlier post, a break of 3640 and the downtrend is OVER for now...
We seen BTC spike to 4150 (the 0.78 fib) and start retracing.. on this retracement we have a possible INVERSE HEAD AND SHOULDERS...
watch for BTC to hold 3600 the 0.618 golden pocket and support and then push past 4100 for this to play out.. If so the target is 5150-5250 (see...
The CCI has crossed over the -100 threshold here on BTC 1D, things could get interesting.
We need to break the EMAs and 0.618 before I consider the current short term bear moves over.
If you don't understand the CCI indicator you can read the following PDF I created for my discord members:
Had someone inbox me about DGB.
Looking at DBG we are seeing strong bullish divergence on the Stoch RSI and a smaller divergence on the CCI, If this holds we could see a possible reversal from this point.
Unless we break the 0.618 we are stuck in this downtrend for now.
See comments for further analysis
Lend following a similar chart to many other alts..
We are currently resting on the previous resistance area chance for a continuation of uptrend from this area, stoch RSI is also in a nice buy zone.
If it continues further down next solid buy areas outlined in aqua.
Called BAT for paid members in discord at 3600 and we sold at 5600.
Currently sitting on a demand zone and stoch RSI is in a buy level we can wait for a confirmation of reversal and a bounce from one of the aqua levels then uptrend will continue.
Siacoin hardfork was a epic failure- although the price did have some small rally prior the market conditions were not suitable for a huge pump like we have seen in the past.
Either way SC is a decent project and lets look at some new buy zones for the next run.
81 Is a good buy area at the demand zone.
Guys if you don't understand supply and demand zones its one of the basic aspects of trading and more important than learning chart patterns in my opinion.
Have a look at this chart and you can see how significant a supply or demand zone can be for trading: and why im long on ZRX again.
Also note how we had a full daily stoch reset recently also.
-Showing possible bearish divergence
-Top of ichi acting as resistance until this is broken downtrend should continue
-Price crossed under 70 SMA
-Bands are tightening a strong move should follow soon
A break under the channel at 6350 and we will retest 6100-6200 level