Bullish saucer pattern forming on the monthly timeframe
Look for a move above May's high in June for the trigger of the bullish saucer signal, which would suggest entering a long-term position to buy BTC
Will continue to monitor - May's candle close will be important as we'll see if the bar for next month will be green for the Awesome Oscillator, which will...
Fractal high formed this week, suggesting path of least resistance is to the downside.
A break of $10,074 would be bullish, with the next Fibonacci resistance at $11,766.93
Otherwise, it looks bearish with supports at: $8605.14, $7696.43, $6962, $6227.57, $5318.86 and $3850.
Yellow line shows important fractal level on the daily timeframe and should be an...
Governments famously enacted privacy destroying legislation in response to 9/11 (e.g., Patriot's Act).
We are already seeing a similar response by governments to Covid-19. For example, some countries are now tracking their citizens through their mobiles without having to obtain permission from any courts - all in the name of fighting coronavirus!
With the rise...
XMR-BTC is showing the same pattern as ETH-BTC, the price is looking like it will close above the Alligator at 0.0079999 this week.
The most recent fractal above the Alligator is 0.032! Meaning there's high leverage for an upside move, could be slow could be quick.
First target is the point of contorl at 0.016 - roughly double the current price.
The Fibonacci tool is used for the run up from $3,122 to $13,880, based on two opposing fractals on the monthly timeframe - a textbook definition of an Elliot wave.
So far we've seen the price reach lows below $7,000 but BTC-USD gyrated around the Fib level at $7,231 before providing confirmation of a reversal with a strong upmove to reach the next Fib level at...
The Weekly Alligator, along with fractals, VPVR, and the awesome oscillator are shown.
We look for a weekly close above the Alligator, which suggests a trend change and I'll be buying spot and using some of that to trade ETH derivatives too on 4-hour/15-minute timeframes to take advantage of short-term rallies. We should see ETH-BTC head to the point of control...
GRS-BTC crossing above conversion line
Suggests a return to the Cloud equilibrium area
Good R/R: risk is GRS falls about 50% before hitting important support arround 1300 sats
reward is top of the Cloud, GRS appreciates ~360% over Q4 2019/Q1 2020
GRIN-BTC looks to close above conversion line (blue) for the first time on weekly timeframe...
Which gives a nice bullish signal and a grin on your face after a long downward trend since February '19: the signal is confirmed on the weekly close 00:00 Monday, June 17th.
Basically, it means buy on the week's close if and only if price is above 0.00040961.
$1.055 - daily close above, upward movement and momentum continues.
$0.952 - daily close below, downward movement and momentum kicks in.
Good old Ichimoku cloud suggests AEON price is at equilibrium near $1.50 by the end of June.
As you can see the first green Renko candles look to be formed on the weekly chart, confirmed once June 2nd price action closes - AEON-USD needs to maintain above $0.82-$0.83 until June 3rd.
Only once in AEON's history has the green Renko reversal failed as a bullish signal - in Feb 2018
As you can see, from November 2017 to January 2018, a strong upward trend...
Looks like BCH-USD will close above the conversion line ~$366 by the end of May.
A monthly close above conversion line (blue) will be considered bullish and the next fractal resistance on the monthly timeframe is $1834.80.
Resistance suggested by the lagging line (purple) is $1348.
LTC block reward halving: litecoinblockhalf.com
Lots of people suspect block reward halvings boost the price of the cryptocurrency, we've seen btc-usd advance after block reward halvings.
Did you see vertcoin VTC go from under $1 to almost $12 in the three months leading up to its halving in December 2017?: btcmanager.com
$144 is a key trigger point - once LTC...
Reddcoin is a bit like Dogecoin $DOGE, i.e., it has a strong community - it's got at least 40,000 to 60,000 people if we take Reddit/Twitter followers as a proxy. This puts RDD in the top 25 cryptocurrencies for Reddit subscribers, while by market cap it's at number 97.
Pumped twice massively in 2017/2018. With RDD-BTC approaching the floor of the big green...