Longer term channel with a fib extension from the high way back in April 2013 to the December 2018 high. Currently we are holding above the 0.5 level. Close below this level and $7,000 may be in sight. RSI at a key level. Just dropped down below the red line for the first time since it broke through back in October 2015. Still above 50 and currently attempting to...
Ideas on the chart. Thoughts welcome.
Ideas on the chart. Thoughts welcome.
Ideas on the chart. Thoughts welcome.
Ideas on the chart. Thoughts welcome.
Ideas on the chart. Thoughts welcome.
Ideas on the chart. Thoughts welcome.
Will be watching these channels closely. Likely to be a key price level. Steeper orange channel is still active but we are flirting with a return to the black channel. Blue is the current channel since $19,000 ATH. Few possibilities below. Close above black top and we may see a push to blue top. Close above blue top and we may see a push to orange top. Close...
1/ bullish broadening wedge forming 2/ bullish divergence on RSI forming and beginning to play out 3/ krypt wavetrend buy signal Could buy on a breakout/retest of broadening wedge, or (riskier) at another sharp price drop as descending broadening wedges rarely breakout to the downside. Still neutral/bearish overall on bitcoin but the above look reasonable short...
Few thoughts based on Ichi cloud, oscillator divergence and wavetrend buy signals. 1/ This is the second lowest we have seen the wavetrend for the last year. Currently it sits just above the clear buy zone and crossing up. The last three crosses under 0 on the oscillator have lead to strong moves. 2/ There is large bullish divergence developing on the RSI visible...
Looking at the 20, 50 and 200 EMAs on the daily. Whenever the 20 EMA squeezes the 50 EMA or dips just below (1), we get a move towards or to the 200 EMA (2) followed by a move upwards (3).
Flew through the cloud and now using the top of the cloud as support. Bullish pennant or ascending triangle encased between 0.236 and 0.382 fibs on lower timeframes. T.K. cross and now squeezing above the cloud. Golden cross (50 EMA over 200 EMA) on 9 Jan and price holding strong above the 20 EMA. Bull divergence on RSI. Volume breaking past the average. Previous...
Title says enough. Short term bearish. Market is still sideways overall until it gets more momentum either way.
Ideas on the chart. Thoughts welcome.