Volume is picking up while the 4hr wicks look to be overextending.
Daily RSI is super low, overall looks like a good spot for btc to bottom and bounce.
As soon as volume spikes, it will be a good indication to go long and catch the bounce
optimal entry around $4500-$4300
EOS has had a very nice pump up to $22+ but its been long overdue for a healthy correction.
Looking at TA, it has broken bollinger band middle support line, has topped out with high volume, and has begun its correction.
EOS has been the most highly traded crypto in terms of volume, even beating out bitcoin on bitfinex the past few days - very many people FOMO-ing ...
-- HOW TO FIND MARKET BOTTOMS --
Here we see that btcusdlongs/btcusdshorts gets a huge spike upwards while bitcoin itself is going down.
Similar to RSI, this is a classic divergence that shows that people don't feel safe holding shorts any longer and/or want to go long and catch the bottom.
With a btc/usd overlay it's very easy to see how during previous btc ...
next btc resistance here, will test neckline and either:
1. break into ichimoku cloud and try to find new support
2. get denied and continue its bear trend to find support somewhere lower
Good place to watch although i do not recommend opening any positions based on this idea since there is a high possibility of a fakeout.
EOS looking to pump similarly to how bch, iota, and ripple pumped.
Undervalued and a prime pump target
I think it's coming soon.
entry points at:
take profit at:
long term :
BTC key level idea ...
Strong support/resistance level here, will have to watch whether or not bitcoin can sustain this level.
If it does, the bull trend will continue until next resistance, if it doesn't, expect more downtrends.
text bubbles from left to right:
once broken, the price comes back up to
retest it. here, having failed the retest,
XRP's latest run seems to be correcting, and so far it's gone down quite far.
thoughts are that if it corrects all the way to the bottom of the latest run then that ends the growth waves and indicates a possible top.
would then expect to see a h&s pattern form before going down below $2
also the whole xrp pump has been quite overextended in my opinion, and the ...
GNT is a new coin on bitfinex and most coins on bitfinex pump soon after they are released.
It looks like now is the time for GNT and with a tight stoploss why not join the train?
take profit at:
#3 $1.27 (risker, only if high volume and indicators bullish)
XRP pumped very nicely but it's time for a correction.
Pump was based mostly on FOMO and after this euphoria stage passes people will realize it's not the next bitcoin and they don't want to pump such an over inflated coin, and the correction will begin.
Chart reminds me very much of the bch run, and i expect ripple to cool off soon and begin its next bear ...
Been watching QTUM since around $11, feel disappointed i missed the 6x boat but that's alright, we're only getting started!
QTUM has a relatively low market cap with a huge amount of growth potential
TA says 2hr RSI is very oversold, ready to bounce back soon.
Once the whole 'flippening' FUD goes away, more money will flow into alts and qtum has ...
3hr RSI bounced off 50 nicely, stoch RSI is extremely oversold
expecting some sideways trading with a few dips, maybe a nice bear trap to catch the dip, before continuing the run towards $500+
long term, once media attention calms down and new money starts flowing in, ltc will be off to find new highs!
IOTA been on a nice bull run these past few days, looking to break $1 and perhaps stabilize around $1.20+ in the upcoming weeks.
Analyzing chart and RSI's we see a similar pattern happened on November 10 (highlighted) during which after a nice bull run we had a minor correction and then kept rising the next day.
It seems like IOTA should have a bit of a ...
Comparing highlighted RSI's from previous BTC corrections, we see that when BTC corrects, RSI falls but always has a few rises back up before it bottoms out.
Also, corrections like these don't go on for less than two weeks.
From these two observations I believe BTC should fall a bit more - perhaps 5300 levels - before continuing its rise to 10,000+ by year's ...
BCH in a falling wedge , 1, 2, 3 and 4 hour RSI's seem ready to make a comeback.
However, with SO much hype around this coin, RSI's aren't true indicators of future price movement.
For day trading, i would buy at 1000 if we dip back down.
Take profit around 1200 short term or HODL if there's another bull run.
As always, make sure TA tools are on your side, ...