ETHEUR triggers the pocket pivotal point on weekly for the third time (teal bar).
The previous times this happens, eth drew a pennant on weekly and after making a new high it entered the real rally.
This could mean that we will need patience over the next weeks and can buy dips ones a pennant emerges.
Going to monitor this and update ones it becomes relevant.
The 3day chart for ethusd can help us to see the bigger picture.
Price has left the downtrend channel and established a base with resistance around 160$ which was broken and is now retested.
If the 160 level holds and forms a swing low we can be more confident and it should act as a launch pad. Otherwise it will look rekt again and should at least go to the red...
End of 2011 ltc was added to the btce exchange (symbol on tv: btce:ltcbtc ) . If we copy the chart fractal from ltc during its high inflation phase and overlay it over zec (with a minor stretch) we get the blue bars.
The ltc genesis block was created at 7 OCT 2011 and trading started 16 OCT 2011 aka "Instant trading on minor supply" like zcash.
The supply of ltc...
If we copy and mirror the fractal of the desc triangle breakdown which lead to a long squeeze and paste it to the asc triangle breakout which lead to a short squeeze we see that both large candles have the same size followed by higher high candle and then 3 consolidation candles in sideways range. The daily candles closed outside the bollinger bands. So until now...
XEMBTC is drawing a bullish divergence on weekly timeframe. This is one of my favorite setups in crypto.
There is still some overhead resistance weekly ma20, and trendline but once it breaks there should be fireworks. Planning to add on break.
NEM has been very rewarding for me in the past, see related idea ;D
Also check some fundamentals here:...
Tezos has a great chance to bottom at this level. Tezos has been moving sideways in the 0.35€ price level for a while which is similar to the ico price.
Over the next time the Tezos "Self-amending" vote and update process will be tested for the first time. It's also the first time a blockchain will update/amend itself in a fully automated process.
I have been accumulating this small german stock for a while as very long term play (5-10 years) in newspace. I believe that a new wave of innovation in space has just begun. There will be multiple new satellite constellations in low earth orbit over the next years. The most hyped network is Elon Musk's "Starlink" by SpaceX. Starlink alone will have at least 12000...
There is a bullish divergence forming on the btc daily and 3-day chart: The RSI has been holding up while price has been going down.
Drawing the rsi as price into the chart shows that bears have pushed the price 600$ below the expected price.
If there is a bullish momentum forming then this should be the minimum range for a rebound. If it turns out to be a trap...
It does not look good for germany and europe right now. The head and shoulders pattern is on the chart.
brexit, france protest, illegal immigration, iran sanctions, no solution for syria, ukraine conflict, deutsche bank in trouble, rising interest rates, far behind in new tech like ai, electric cars...
hard to find anything positive right now
I think that btc had formed a Adam and Eve Double Bottom and now drawing a handle. The breakout of the handle usually leads to a major move.
Unfortunately the handle has a head and shoulders shape which has a bearish bias.
On a Breakdown it might find support one range below.
If the neckline holds we can be bullish again with a target around 4700 to complete the...
I believe that this is the most likely scenario:
RSI broke out - price should follow.
2018-12-12 bakkt physically settled bitcoin future contract goes live
Retest of the bottom
Sideline money goes back in after higher high / higher low is painted
137k btc get distributed by mtgox bringing less pressure to price than expected
btc still counters central banks and...
OSTK is back at prehype prices, so buying it becomes way less risky. More downside is still possible but the risk reward is decent.
I see it as a bet on the success of security tokens (tokenized stocks). I have no doubt that securites will be settled on a blockchain in the next decade because it turns them into digital native assets.
Imagine you want to write a...
Picking up some ncashbtc here, price is down at ico price in btc terms and half of ico price in usd terms.
Hype boys are gone, there is not much interest in these "world changing" icos anymore. But I believe the honest projects can recover.
See this bearmarket as natural selection to get rid of the trash and scam projects, while some honest projects can survive...
eth correction seems like it has completed it's c wave with a impulse down to the 0.886 fib.
Doesnt automatically mean that it will turn into bull. But it's likely that it is entering a new accumulation phase, reminds me on bitcoin in 2015.