Bearish divergence on the RSI and bearish cross on the MACD. Looks like BTC is prepared to go lower.
Looking at the 4-hour chart for NEO, we can see that the price found support just below the 61.8% Fib retracement level before exploding out of its falling wedge pattern. It is currently finding resistance at the .008sat level and on the RSI/MACD indicators. It has formed a nice cup and handle pattern. It is important to remember that Bitcoin is hitting a...
Looking at the 4-hour Bitcoin chart, I see a failure to break the downward channel and a bearish continuation of the price more than likely to $6000 where I am hoping for a strong bounce. There are new massive players coming into the cryptospace (Soros and Rothschild), which I think will be the game-changer we need to get out of this bear market. I believe USDT is...
1. Nearly completed pennant 2. Uptrend still intact 3. Near reversal on daily MACD 4. RSI demonstrating falling wedge pattern 5. Moving inversely to BTC - so if you think Bitcoin is going to drop to $6k, $5k, $4k, or worse? Here is your doomsday salvation.
DGD is moving inversely to BTC. This can be an alternative to USDT if you anticipate Bitcoin falling in price.
Hey folks, XVG is on a roll again so let's look at the chart. Since its initial pop from the bottom, the price action currently finds itself in a broadening wedge (or megaphone pattern) and after its most recent jump has formed a continuation pattern outlined in light blue. It's a bit oversold on the 30min chart, so it may take some additional time to consolidate...
Hey everyone! This morning DGD blasted off the support level for a massive 25% gain where it met the wall of resistance it has been battling since hitting the .053sat level in mid-March. But this resistance is nothing new to DGD. Looking at the 4-hour chart, you can see that DGD has battled this resistance two times before and each time made it to the .053sat...
Hey guys and gals, looking at the 4 hour chart I spotted a repeating pattern in the price action for Bitcoin. If history repeats itself, I am anticipating the price going back to $6,000. How did I get that price? Well I took the ratio of the price jump vs. price dump from the first pattern and applied that ratio to the lower pattern. Near bearish cross on the MACD...
Hey ladies and gents! Looking at the 4 hour chart for VeChain, we can see that we broke out again only to find ourselves back into the wedge. It looks like it will be a battle of the bears and bulls. Here is an interesting observation I made regarding a double top and double bottom pattern that VEN seems to be repeating. VEN has double topped twice and double...
The last two times Bitcoin Cash hit below 20 on the RSI, it grew 11x and 4x. BCH recently went below 20 again and is currently sitting at 27 on the daily. The price action is currently in a falling wedge (within a falling wedge). History has a way of repeating itself. I've got the popcorn ready. Now to sit back and watch!
Looking at the 1-hour charge, you can see that Verge had a great jump from the 498sat mark on 3/29 and now has a nice pennant forming. Looking very bullish. I'll be looking for it to break the 700sat mark where it will meet some resistance around 710sat.
Hey folks! I originally tried to keep this simple, but as I started identifying all the indicators and patterns, I realized it got a little more hectic than anticipated. Sorry about that, but bear with me. There is just a lot of things to consider. Being new to the crypto world (May 2017) I feel for myself personally as well as many other new traders in the crypto...
Looking at the 4 hour chart, Bullish divergence on the MACD, 15 on the RSI, touching the lower boundary of the falling wedge. The last time the RSI was this low was in December and 2 weeks later, the price had exploded. BCH fans may have their day in the sun very soon, especially with Bitcoin exhibiting such weakness at the moment. Will we see the Cashening?! I...
Looking at the 4 hour chart, Bitcoin is quickly approaching a major trend line in which I believe is a do or die moment not only for Bitcoin, but the entire market as well. Bitcoin currently finds itself in a falling wedge as it rapidly approaches the $7,200 mark, which is a key price point because it is the 78.6% fib retracement from the $11,700 high a couple...
Looking at the 4-hour chart, Litecoin has a history of having very steep falls in price followed by very quick rebounds. RSI is 18 at the moment and in a falling wedge both bullish reversal signs to me. Expecting a big jump back up to .019 or more on the rebound. The risk/reward well in your favor.
Looking at the 4 hour chart, VeChain has retraced a little more than 50% since hitting an all-time high back in January. It is in a falling wedge which will eventually break to the upside, but I believe it still has further down to go. As I outlined in red, VEN is in a downward channel. I think this channel would lead the price to the 61.8% retracement mark as...
YOU BITCOIN! YOU! This is a fun post based off a previous article I wrote back at the beginning of March (). What I noticed was we had a near identical replication of the price action on the way down as we had on the way up. And while a lot of doom and gloom posts have been inundating Trading VIew, I am a little more optimistic. The MACD has had bullish divergence...