Hey guys, as u can see theres a nice bearish divergence on RSI forming already, which is a contiunation pattern. I think we need another move down to get RSI to oversold levels. Depending on price there and the strength of a move, I will consider my next entry. What are your thoughts guys?
Im surprised after all of ups and downs that just a tiny rally like today makes almost everyone gearing up for the moon. We have a saying for this, hope it wont sound too dumb in english: A drowning man will even hold a straw. You get it. Thats what desperation looks like to me.
Seems like BTC only faked a breakout from this bear flag. It stayed inside the...
Okay, btc falling, alts bleeding, not a nice look. But before we start a panic, take a break.
You probably heard many famous traders say dont go with the herd, so when everyone is bearish you should start questioning your bearish bias.
Actually I did not expectect btc go this low without a retrace, but it is what it is.
Lets look at the chart.
0,618 fib did not...
Bet most of us are not exactly happy with the altcoin situation right now. Last month btc was able to record almost 30% upward movement. Normally alts would rise at least the same percentage as btc, but this time we dint see it happening. Again and again and again alts except few ones failing to get some serious gains. Not a nice look but before we fall into...
Hey guys theres a simple chart for you. Seems like theres a similar fractal forming to the previous dip from the beginning of april. As you can see, bullish divergence is formin nicely. My first target is 7200ish, from there we will see if the bulls are able to push to 7600 or maybe even higher prices.
What yall think?