Hello to anyone Reading!
Everyone is talking about channels breaking and reverse head and shoulders, etc. But in reality it looks like the price of BTC is bouncing in between resistance at $11,600 & $9,100.
Since BTC is so heavily influenced by news and speculation, technicals do not weigh as heavy as they do with forex, stocks, etc.
So what if the price...
Double Top Pattern Forming on EUR / USD. Bearish signals on MCAD and Stoch as well as Parabolic.
Internet says its a 75% Success rate once a double top has formed. Im looking at a risk to reward of 2 to 1. Take profit at 1.2 and will set my trailing stop just in case it rides down.
Looks like a Bullish pennant is forming on the 4 hour chart. Support at $10,300 looks like, so I will be watching for the 2nd Retest of the Channel Support. If Pennant Confirmed, could possibly see a $4k+ move.
Scenario 2 is that instead of support, BTC continues down the channel to test either 1) Fibonacci Level or 2) the bottom of the channel is reached for a...
Goooood Morrrnniiinnn Vieeetttnammmmm
Exciting times on the COINBASE:BTCUSD charts. I see a big move about to be played out and it could decide where BTC heads for the next week or two.
Here are the indicators that I see sending me mixed signals worse than my high school sweetheart
1) RSI showing Bullish at the moment, but seems that the bulls are losing...
Its not as clear on the 1 day chart, but on the 4 hr & 1 hr chart it seems that a possible double bottom is forming on the 50% retracement line. Seems we have strong bullish presence at the moment but will be keeping an eye on the situation to see how it plays out.
COINBASE:BTCUSD is on a strong bull run at the moment, but we will see if BITTREX:SCBTC...
Exciting Times Ahead! I am seeing multiple indicators showing me we are nearing the end of this correction and I am here to explain why I think so!
1) We have the "C Leg" of our Elliot Corrective Wave approaching the oh so sexy 0.618 Golden Fibonacci Retracement level, and if this holds as a support level, then I will be very bullish on BTC for the...
Exciting times in the SiaCommunity! POLONIEX:SCBTC
Developers recently annouced that the hostile antminer takeover from Bitmain will not be hardforked, which will bring tons of coins and hashrates into the sia coin universe. Bitmain is the same company with huge investments in Bitcoin, Bitcoin Cash, Litecoin & Dash, so for them to get interested in our project...
Im trying to see what POLONIEX:SCBTC is forming with its COINBASE:BTCUSD pair.
From the first pump, it looks like it could be a Descending Triangle, since the buyers are showing nice support at 0308. But we still need to watch the price action to see which side of the triangle the candle closes.
BUT I can also see this being an awkward looking falling wedge...
Sia Coin has ended its first pump up to .08 cents and has been pulling back and testing the .618 retracement level. If it keeps holding at this level, I could see a trend up to the .08 - .09 cent area before being tested again.