The wedge formation on the 15 minute chart still could be very much in play especially since it has regained the 200 MA on the 1 minute chart but it will have to hold here and it doesn't look like it will... It does seem to be slowly turning around though... couple more tries maybe?
Baseline support tested at 1275 range. Looking for a hold at this level and then a turnaround at some point.
Bullish wedge forming below the 200 MA will pull it to the upside on a breakout move
Control starts with the 20 and 50 MAs reclaiming support on the 200 MA and in this one minute chart you can see the continued breakdown perhaps breaking to new lows.
BTCUSD has fond a support zone on the 4 hour chart on the 200 MA and is now attempting to regain a turnaround on the 1 minute chart. If it is successful we can switch over to the 3 min chart and see if it can muster the same. On the 40 hour chart it will have to turn the 50 MA around before the 200 MA looks to be by about Nov 20th or so.
BTCUSD has completed a reversal to re establish 50 day pricing. BCHUSD has run up and is now entering a consolidation phase to reconnect with the 50 DMA. Both are structurally unsound at the moment. We will want to see some bullishness before reentering.
Both trend line averages will need to hold for a bullish continuation!
ETHUSD is very close now to major action happening. There is a chance to break down but my faith would be to the upside. 3 day chart show the 20 MA completing its correction to the 50 MA and on the left we see the 1 week chart with a star doji. Also on the three day chart BB% B indicating that action is rising to a break out and on the 1 week chart showing as...
On the one hour chart we can see a false breakout occurred on the BB%B indicator and this is likely because this was a second wave break out. Look for one one more small wave and a bullish break to occur again and this time I believe it will be successful
Here we can see that the bullish continuation baseline has moved over to the 3 hour chart. You can see how the ebb and flow of the 200 MA will draw the price action lower and higher as it winds its slow motion back and forth. BTCUSD is in another consolidation pattern, this is clear to me now. I will get my way and see the price action move to the 6500 area one...
This 12 hour chart gives me a strong sense of security. We are exactly where we need to be to see a strong third rally to the 900 -1000 range. This is clearly an area of strong resistance and so we can expect some choppiness here. But all the indicators and signals are lining up perfectly and I can see no bullish indication on this 12 hour chart. In the black...
I can't believe I was up at 30 000 ft and missed the whole thing... well we got the correction that was required to fuel the next rally but what a shakeout!!! No we know it is safe to go long.
This is a 16 hour chart but most likely by the time we top we will switch to the 1 day chart so the 200 is slightly off here. Tough to nail down the targets precisely but it's just an idea.
Very nice breakout on LTCUSD. I only have time for a quick chart but at a first glance i would say it appears to be targeting approximately 71.
BCHUSD is now showing strong divergence on the Stochastic RSI. this is usually a good reversal point indicator. I think we are very close to a breakout seeing this...