It looks like Rolls Royce has broken the ascending channel and has been forming an accumulation range around the 100 - 110 area.
Potentially we could break out of this descending wedge into another channel?
I'm seeing 85.00 and 95.00 are the next support zones if so, and at that point I will accumulate more inventory.
The potential next...
With the news of the SEC trial and lawsuit, XRP (ripple) has been completely crushed by BTC.
It'll be interesting to see what the results of the SEC trial are and what affect this has on the price of Ripple.
Happy Trading & Be Safe.
Siacoin has entered a massive accumulation range for the last 2 years around 15 - 30 satoshis.
What are the next targets?
- 45, 75, 100 satoshis are short term targets.
- 200, 400, 600 satoshis are long term targets.
DYOR and good luck with your trades.
BTC dominance has been steadily decreasing.
How low can it go?
I suspect another 1 - 1.5 months worth of altcoin rallying before BTC starts taking the reins back from altcoins.
Happy trading and be safe!
We've gone up from 120.00, I think we're due a short term retracement before going higher.
There are two patterns here;
- Ascending wedge
- Horizontal channel
Also the most recent thin candlesticks suggest selling pressure into the 180.00 range.
The next good ranges for accumulation could be:
Have we reached the top or is 10k the top?
Only time will tell... However the following metrics are pointing me to 'believe' that we've reached a reversal point:
1. Volume has been slipping.
2. Bearish divergence in the RSI.
3. Ascending Wedge Pattern Forming.
Reload levels have been plotted according to the Fibonacci retracement.
I'm expecting the retracement...
We can clearly see that Elliot Waves fit this initial bull run.
I'm expecting an A - B - C correction which will present trend contrarians with new buying opportunities.
There has not been a significant correction since February and BTC needs to let off some steam.
Currently I believe the following to be true:
- Alts are underpriced.
- BTC/ETH/LTC is...
BTC looks fairly overbought and has been rallying for several consecutive months. I'm expecting a pullback and a Cup & Handle Formation.
The RSI is also showing us that the price is potentially overbought on the following timeframes:
4 Hour, Daily and Weekly.
Buy Zones have been highlighted.
Good luck and enjoy the bull run!
A simple log chart, looks like the bubble cycle might have ended, next discount prices MIGHT be between 2000 - 5000 USD.
This is for educational purposes only.. I'm new to TA.
Best regards and many thanks,
Potential Price Directions
1. If we manage to break the 10800 line (pink) and the top 11800 trend line, it will be a buy signal. (Estimated Probability - 38%)
2. If we break down to the 9800 region, there will be a potential bullish crab, the wedge will be tightening, possible breakout, might be a good position for a dollar cost average, plus sell the rally....
The 7 SMA has crossed the 77 SMA, 231 SMA is leveling off. I'm thinking BTC is likely to consolidate and consider it to be underwater atm.
Volume has not been picking up and the next major support is around the first (DCA - Dollar Cost Average position).
It appears the harmonic bat pattern was activated (bearish), we're sat in a POTENTIAL inverse head and...