$MATIC is currently ricocheting up and down in a descending/falling wedge. We had a false breakout to 170 sat-ish, but price fell back.
We need a real breakout above this line (blue), imo. Then I will be happily buy the sh.. out of this :)
Falling wedge is considered bullish and has good chances of positive breakout, so I'm rather positive.
Cheers & trade safe !
$LINK made upper inclined trendline from resistance to support recently, but is not looking to make new highs soon.
Will consider adding some when we pass the blue horizontal line (current price resistance) as confirmation of an uptrend.
If we get the IHS pattern, then I will be exceptionally happy :)
BR & safe trades
Parabolic trend line is being broken it seems.
The show is over for now. A retracement of 30-40 % from current High can be expected (Is what BTC did in the past on pull-backs in a bull trend, and I assume that we are back in a bull trend by now!)
Alts should see some love. XRP takes the spot currently.
$BTC is rather quiet the last days. Historical Volatility is very low at the moment, comparable to Nov 2018 levels.
Normally this indicates a major move imminent.
As we are nearing the long term resistance trendline, expect a major move.
On a brake of the line: end of bear market
On a reject at the line: Nov 2018 revisited...
No financial advice, DYOR always...
XLM momentum seems to ebbing down after the Money 20/20 / IBM world wire news.
A clear cup & handle formed, but the subsequent run got stopped at resistance at approx. 0,00003 BTC/XLM
The weekly chart looks still good with bullish cross-over on the MACD, but this must be confirmed with the next candles.
Outlook: if 0,0003 line is broken, I'll be further...
BTTUSDT in descending triangle. Base is lower support line and holding for now !
Massive bullish divergence on the RSI.
This babe is ready to rumble ^.^
Good luck and trade safe !
no financial advice, DYOR always please.
Stellar Lumens / XLM looks bullish on the weekly time frame.
MACD bullish cross over imminent, showing momentum on the histogram.
RSI: hitting 50 again, as in Oct 2017.
We have to clear the yellow resistance level to confirm bullishness, imo.
And: Big news still imminent from IBM in the next 2-3 weeks (IBM world wire launch)
Cross fingers, stay safe...
I don't know how it is for you, but I see another approx. 2-months-length, left-centered cycle move for BTC-USD in the making.
That means that last week's rally to ~4200 USD is possibly the cycle high, rest of the cycle time we move lower. Possible retest of bear-market low at ~3150 USD.
Cycle end around beginning of April 2019.
As always, no...
As we know already, BTC seems to have a Macro cycle of about 4 years length from ATH to ATH.
But there is an overlaid smaller cycle structure for the price-movement of BTCUSD on a time scale of approx. 2 months.
Currently, as we are correcting or in a bear market, these cycles are left-centerd, i.e. the price top occurs at the beginning of the cycle and...
Update on NPXS:
Volume is waning and we can't seem to break resistance at ~20 sats for now. Still waiting for a R/S flip.
For the next months I maintain a positive outlook, though.
A massive, accelerated airdrop campaign is going on until end of June 2019. So hodling NPXS will generate you more and more of it.
Project is legit, imo. Check out e.g. the binance...
The low-sat token NPXS seems to have finnished it's consolidation/retracement period of the last months.
Volume is up big-time but currently price is still facing resistance around 20-22 sats.
Looking for an R/S flip.
Plus: In the next months a massive airdrop acceleration is happening for all NPSX-holders. All Token-distribution to be concluded by June of this...
My take on BTT for the near term:
Wave 3 to 55-65 sats
Retracement to not below 40 sats, sharper than the first correction to 20 sats
Wave 5 to ~80-100 sats
Then into correction (ABC)
Let's cross thingers !
(No investment advice, do your own research always)
Looking at the BTC/USD chart on a 2-3 months scale we can see consolidation in a bearish wedge / sym, triangle formation within 2 major trend lines. I expect this formation to finally break out to the lows (bearish continuation pattern). The local Maxima / Minima within the formation are timely spaced approximately within 1 month intervals.
So I expect the next...
After the last big green candle breakout from the ascending triangle formation with resistance line at 4090-4100 USD, the price action shows short-term oscillation around the 4100 USD level with converging amplitudes.
Probably a continuation pattern for the up-trend. Breakout to occur expectedly within the next hours to the upside. Next Levels: 4350-4450...
The previous symmetric triangle formation played out to the upside and the lower trendline together with the current price resistance at ~4090-4100 USD/BTC forms now an ascending triangle, which is usually a continuation pattern and breakout should be bullish.
Expected positive price development in the following days, possible breakout above the ~4400 level...
Looking at the larger picture of the BTC/USD price-breakdown one can see a symmetrical Triangle formation (all time frames).
Trading range is narrowing
Volume gets increasingly lower from Nov 15 to now.
Apex of the Triangle to be reached around Jan 1st, 2019
Breakout direction cannot be ascertained, though a continuation of trend is common for this chart pattern...
There's a descending triangle formation on BTC-USD chart (2h, 1h,...).
This we believe is continuation of downtrend. Expect the breakout to the downside.Breakout within the next 24 hrs.
Next support: 3600ish...