BNB / BTC is one of the few crypto currencies that is actually in an uptrend right now but looks like things are about to change.
Few reasons why I am entering a short.
Unable to close about newfound resistance of 25700 satoshis left us with a bearish double-top on the daily chart.
The MACD is overdue for a bearish crossover.
RSI oversold and trend line...
BNB I am continuing to be bullish on Binance Coin and think we are approaching all time highs. I think the strong bounce off the 2nd support is going to finally allow us to break resistance at my red trendline and this will become our new support.
I'm thinking BNB's rally isn't done yet. Yes the next candle after huge green spikes are always inevitably red and disappointing but it's looking like support will be at my blue trend line and that for now we are still moving upward. If blue trend line fails I'm thinking lower red trend line will surely hold.
Not surprised this coin has been growing like...
The sleeping giant Cardano looks like it's gearing up for it's next bullish rally. I don't think we're ever going to be able to get ADA at these prices again.... sale is surely ending soon
Chart speaks for itself
short term target at 5000 satoshis
Lemme know what your thoughts are,
Ripple has settled down after its last rally and is looking to make another move.
Looks like if our support @ 10400 satoshis doesn't hold we're going straight back down to 7000-ish satoshis area, but I'm leaning towards a more bullish scenario.
XRP] Itself doesn't show any strong signs of slowing down and the entire market is overall bullish in my opinion....
TRX Has been exceeding my expectations this week but here is why we are now bearish.
Failed to break 800 Satoshi resistance
Decrease in volume
MACD going downhill and crossing
On top of that I think tron was just pumped way to fast and is now correcting.
I am going to start buying back in at the 550 - 625 satoshi range.
welp that's it...
Ripple like most cryptos right now is having great double digit %'s gains
I think the next couple of closes on the 4hr chart are going to decide the fate of Ripple.
The RSI and MACD aren't looking very pretty so I'm thinking the bearish option is more likely but we will see.
I entered my position at the break above the 7300 satoshi resistance and will be...
It's generally not a good idea to take a position after such huge gains in the past week but I do still think Verge has room to grow. Hopefully your have already taken a position but if not I think it's a good buy with a spot-loss in the neighborhood of 700ish satoshis.
I'm still holding my baggie of XVG but will positively be saying goodbye with a hard close...
Tron is not only doing great the past two days, but it's performing just as expected.. Which makes these breakouts feel even better. :-)
Here's my initial chart I made for TRX and as you can see it has followed the chart perfectly.
I would like to be able to say I could see us reaching all time highs before the months end but I don't think that will be the...
Looking at the Bitcoin 4hr chart, BTC is not out of the woods yet..
We did have a bullish bounce at $7665 but this is a pretty weak bounce considering how over-all bearish we have been.
I think we're going to be rejected at the green dotted trend line around $8200-$8400 then pushed back down to my first possible support around $6600-$7000. Here is where I will...
Taking a look at Cardano here on the daily chart.
If you have ever wanted to get your very own zip-lock baggie of ADA I'd say now is the best time to start accumulating. Bullish signs ahead!
We're oversold on the RSI which is good indicator by itself but in addition it looks like we're are very very close to a MACD crossover and volume is starting to flow back...
Tron is looking like it has to make a big decision here pretty soon.
I think a close below our 23% Fib will have us looking bearish and a break above the blue wedge should hopefully put us in a bullish position and help us reach our first target of 538 satoshis at our 38% Fib.
ADA is at the very bottom of my buy zone, I think it's a good time to get in. BUT, make sure you have a TIGHT stop loss.
In my opinion I don't think our support at the double bottom is going to break... but if it does... I think we're going loooooowwwww
Possible all the way back down to the 1240 satoshi range.
Lets see what happens!
Tron has been consolidating for what seems like forever since it's huge rally..
Here's my thoughts on what's happening after we finally get through the correction
Volume is starting to pick up and MACD is looking good....
What'd y'all think guys? Time to boogie?