A quick look at XVG looks like we are in for a drop. The 2 hour Martin Trend Line Candles are also showing a continued declining trend. However, btc might save the day if it can make that climb all the bulls are wait/hoping for.
Look like a chave a chance of forming the neckline of an inverse head and shoulders. If not we will be heading south to finish the neckline of a head and shoulders and then down ......
below image obtained from D4
So we had a huge (unnatural) pump earlier today - but is this possibly going to reinforce the inverse head and shoulders that seems to be catching everyone's' eye buy forming a small shoulder that seems to add up to exact result of the neckline that we need for the next BIG ONE?
The 1 hours RSI has been pushing the limits for 10 hours already!
SALT is going to be one of the better investments as the crypto scene stabilises.
With their loaning platform, SALT has secured the first Banks to start loaning out FIAT against crypto. So, do yourself a favour and buy SALT folks - buy it while it is still cheap.
Yes, sure there other outfits offering FIAT against Crypto, but SALT are to first and ...
This is a very basic overview of what could play out in an ideal situation.
If supports hold and resistance is overcome we could see these textbook head and shoulder patterns developing with each one complimenting the next.
For those who strongly disagree, PLEASE, PLEASE. PLEASE add your most valued reasons why as to help us all trade better and be safer.
Could this be a possibility, that we get the head and shoulders to complete the inverse head and shoulders that will see BTC break the Bear-Hold and see the Bulls dominated once again?
Just your thoughts on why it could or could not possibly follow this path.
OMG is giving positive buy signals www.tradingview.com - however, there just might be an opportunity for a quick dip to buy in a bit lower if a Head and Shoulder pattern is confirmed. I will be waiting to see if there is a nice dip to be ready to enter at a better price!
Looks like BTC might be forming a head and shoulders as it works its way to the support with a dip and then up to around 12200 resistance.
any constructive criticism or advice is always welcome!
Please do your own analysis before making any decisions.