Okay so its late, im under the influence but idk what made me see this pattern and im kinda freaked out. I know its messy but let me explain.
hear me out:
ATH 1a/2a is from when btc crossed 1k and then crashed for the first main bear market.
ATH 1b/2a is from 2017/2018 when BTC hit 20k
ATH 1c is the recent ATH
LOW = ATH 2(A,B)
AS you see on chart, .618 retrace of prev bull run, 2017 bull trend line, bullish bat, and bear flag all end at approximately the same price. Give or take 500 for wicks/fear/fomo :D lets see if it holds!
Well looks like to me that we failed to have the daily close above our down trend, resulting in a failed breakout. Last time we fell to the bottom of the channel. Im looking to watch fib levels and MA's for potential bounces
THC is nearing an accumulation zone marked by the rectangle.
1. RSI is oversold, but with room to drop.
2. Typically alt coin bubbles have come crashing down to a loss of 88-94% of ATH
short and simple
I think we could see a retracement to that magic .5 fib level of roughly 8800. Personally, I think that 8800-9200 is a better range to watch and stack orders in. If we break below this level im looking towards that lower trend line to be our next buy zone. Will update when that time comes.
1. Stoch RSI showing that we are coming down still
2. we were rejected...
Unlike with BTC, I find that we have found a bottom on litecoin. Looking at the daily, we see a double bottom, with a reversal at ~105usd. It pushed up strong and broke out of the down trend, resulting in a gain from 160-237. Now we have an expected pullback as traders take profit, and potentially traded into BTC since LTC/BTC was at a high of about .025 again....
I know this is a crazy stretch, but what if we aren't in a long term bear market like many think, and we have one more parabolic move up before a long term (6m-1yr) bear market?
feel free to hate on it and call me an idiot :D
Note: This is not financial advice at the slightest
1. Huge volume spike
2.bounce from 200SMA and recover above MA's shows reversal
3. 18m circulating coins...worth only ~$1
4. rising trend on RSI and about to have MACD cross over
5. did i mentionm that BTC has similar supply to BSD? Not saying BSD will every reach the price of BTC, or even break $100, but i feel this puts the potential ROI into perpective
Now before anyone gets mad when I say that we MIGHT be going down to 2300, I want to say that I am not saying it wont recover from there. The tech is solid and the interest is only growing (despite google trend analysis, how many times does one person have to google "how to buy bitcoin" before he figures it out).
The market is looking awfully similar to the...
WHY TO GO LONG ON STEEM
1. We could have a nice bull flag forming on steem right now, if it does bust out the top this should provide enough volume to push us through the longterm supp/resist line. Currently we see higher highs and lower lows within the flag
2. unlike most of the market, steem is holding well against the complete market crash. I believe this...
textbook bullflag forming on the 1h chart. Looks like if it mirrors the last move up we will be fighting with a downward trend line. will be interesting to see if we get enough volume to make a break above there. forgot to draw it in but seems as if we a forming a new trend line up. Maybe this was the bottom??
Personally, i don't see any signs of a reversal yet (unless we continue this bounce above 10k). Big accumulation zone is highlighted in the rectangle. The lower green trend line is a long term upward trend line that was established prior to the recent parabolic move. A correction to this level should signify a big buying, and should be enough to push us up and...
I think emc2 could have found a bottom here. This correction lost nearly the same percentage as the last big correction (<1% difference). I think that we could potentially see a nice move back up in the coming weeks.
have fun accumulating coins :)