While I've visually plotted my bullish scenario above, I will point out that this could be considered a rising wedge, which is an almost exclusively bearish sign. Im hoping that the only real reason we didnt really break out on our last peak was because the large dotted red lines serves as a very strong resistance point, as it was a previous local high, seen here,...
More so for my own education than an idea for the community, but would love to hear thoughts. I see us coming to the tip of a symmetrical triangle as far as price actions as well as with the rsi, though the rsi shows we have a little more time to wait. I've also marked a a strong support and resistance zone for possible bounces.
Just for personal education, but feel free to leave any thoughts below.
Red bars indicate high resistance/support zones. Hoping to break out of this current ascending triangle for our net leg up, but should we fall out the bottom, I have a stop loss as well as short position indicated in case you're bearish on this one. Disclosure: I am heavily invested into DGB.
Ontology is little known to most people, but has by far been one of the best performing coins, relative to its ICO price. It's about to break out of this pennant, and though some sideways consolidation is possible, I doubt it knowing how volatile crypto is. I'm not making any moves at the moment, but definitely holding on to the ONT I already have.
I am not a fan of EOS as of right now, and will not be buying any for anything other than super short day trades. However, if you believe in the coin, tech, and roadmap, this may a scenario to watch. Enjoy.
Read more about the concepts and reasoning behind this idea in my main post, The Bearish Case for Bitcoin , This post is simply to watch it on a smaller scale.
This is the first of a set of two long-term ideas I'm going to be posting. This one assumes the overall bull run of bitcoin (large green trend curve) is both A. Still going despite a current correction from Sept-Dec FOMO, and B. Is non-linear, even on a log chart, I.e. is an upward sloping curve. I FIRMLY believe that the cryptocurrency market as a whole is...
Today I present to you an alternative way to view my Bullish Case for Bitcoin based on a logarithmic pitchfork channel I've found BTC to run in. This should also serve to illustrate why this most likely IS just a correction, if not a long and painful one. Check out my main post, The Bullish Case for Bitcoin for a more detailed write up on this outlook, but...
As an alternative to my last post, The Bullish Case For Bitcoin , if thing's don't go well, we could see as low 3.5k and as long as 05/2019 before it stays firmly above 10k. When we take a look at the even larger picture of bitcoins price action, namely through Bitstamp, we see its possible that bitcoin has a consistent channel it may run in, that we are still...
This should not be considered a full post/idea. Just a graph to keep an eye on. I've also mapped out a bullish scenario I find VERY unlikely, but that does look at least possible. Only fools would trade off this information.
Assuming everything in the related post below, The Bullish Case For Bitcoin || And A Look Back is true concerning an exponential growth trend (large dashed green line) then the question to really be asked is how Bitcoin will return to it. Given this bullish assumption, I see three possibilities: A. we may find a bounce in the next day or so, as we are near a...
The past few days we've (hopefully) been forming a bullish channel to break us out of our downward one, the price is currently at the crucial crossing point so the next day or so will be extremely decisive and influential for the next couple months of price actions. Check out my idea linked below for a lot more details and a closer look at our short-term action,...
Based on the larger time frame pitchfork channels (idea linked below) I see one of three possibilities playing out. A. (Green) If we get super lucky, we could see a bull wave break us right out of our downtrend channel, and take us up to around point A. where theres a nice crossing of a prior resistance line and one of the bullish channel trend lines. There...
So here i've laid out both my bullish and bearish prediction for chainlink, and Id really like some of you guys to weigh in on this one, are you bullish or bearish? Does your prediction follow mine or differ? Etc. This is a very interesting coin to me... BULLISH: So with all relative technical analysis in green, let's look at the possible cup and handle...
Silver has been forming two very clear round bottoms, one in the medium and one in the long term. And like any commodity, its value should only increase over time as less and less of it exists in its pure state outside of products. The DMI looks primed for another spike. I've set two different long positions depending on your preference as the larger will most...
Increased volume compliments a head and shoulders pattern for a good chance at a reversal. The three drawn lines indicate potential future resistance, passed on past support and resistance.