Very simple post here friends.
Massive bullish falling wedge.
Weekly RSI is heavily diverging.
I have been watching DENT on Binance very carefully, and I've noticed the 22 sat buy wall exponentially increasing every time it's touched.
As of this moment DENT has a 224 BTC buy wall at 22 sats, and it's only gotten bigger the past week.
18-21 Sats is the lowest I...
Hello everyone. The old permabull teh_Salesman is back, and I have something interesting for you.
First off, some simple technicals.
At the moment we are holding a long-term bullish trendline since 2015:
(This trendline can be construed many different ways. I printed mine this way for the sake of argument that Bitcoin is...
Hello everyone :)
This is my third idea regarding ZRX and as I always like to say, third time's the charm! I finally feel confident enough to put a buy zone on my chart. More data has rolled in, and it's very clear buyers are beginning to take control.
As ZRX approaches the 6k psychological sat area, keep a very close eye on how the RSI reacts in the daily...
QKC is starting to look mighty nice from an accumulation perspective.
Currently, it looks to be forming a bullish falling wedge, which is a consolidation reversal pattern. Price has now touched this resistance for the 4th time and looks to be getting rejected again for the moment.
Although price temporarily fell out of the wedge it was quickly bought back up on...
So far, FUN hasn't shown any real signs of a trend reversal yet, however I am placing this idea here to see what happens in the following next weeks.
If FUN does not begin to pick up major volume in the region of support it is holding now, I believe its next target will be a new range around 82 sats.
That said, FUN is showing long term bullish divergence, as well...
I've been keeping an eye on ZRX ever since I prematurely posted not long ago that ZRX was near bottom.
Currently, the 6h RSI has been finding support on the DAILY RSI resistance.
It is also holding 40, which is arguably where bulls begin to take control.
Daily is showing bullish divergence for the 2nd time now.
Daily RSI is also finally showing an oversold...
Hello everyone! We have some seriously confusing price action in Bitcoin! I'm here to hopefully help some of you.
We'll dive into technicals first, then the psychology behind it.
On the daily, this dump stopped on a dime at the 100 MA.
Prior resistance was the 50 MA. Why weren't we able to re-test it with the strength of...
-Bullish divergence since November
-Recent attempt at rallying above 100d MA
-Second test of the .786 support, for a possible double bottom (Arguably the last line of defense for the bulls, if not the 0.886)
-Now RE-TESTING the 50d MA for resistance
The best trading setup here would be to wait for a daily close above the 50 MA, then a subsequent re-test of it for...
-Found support at the .886
-Bulls have recently defended 50 RSI on the daily
-Price contraction in a symmetrical triangle for over 2 months indicating breakout potential
-Recent price support is being found at the 25d MA
-Finding resistance at the .786
The strongest trade opportunity here I believe will be once the .786 is broken and tested as support. Long the...
Once NEO finishes its "C" wave retracement, it should fall to test support, and so long as it is successful NEO should begin an impulsive wave upwards.
Be very weary of Bitcoin movements, because if Bitcoin breaks this bullish run with conviction, NEO will probably suffer.
April/May will be a very defining time in this market, so I believe we should be bullish...
Lately I've been posting nothing but bearish sentiment - I am extremely skeptical that we bottomed out at $3,120.
To remain objective as an analyst however, I've decided to post something with a much more bullish narrative.
As an analyst, I couldn't think of a much better way to post bullish content than to compare our bear markets!
So, Bitcoin exploded today! We're SO BULLISH! NEW ATH IN 2 DAYS!!!!!
Has anybody learned ANYTHING about this market!?
While the permabulls on social media are celebrating, I'm wondering why.
We are closing this daily DIRECTLY underneath pennant resistance.
We now look to have completed a full 5 waves upwards with an ABC soon to follow.
Hello all :)
Another alt I have been following the price movements of closely... PUNDI X!
Volumes have been increasing substantially in this coin ever since it hit bottom in late December.
Currently NPXS is consolidating in a bullish formation known as an ascending triangle.
This is a bullish continuation pattern.
The length of the flagpole is 12 sats, so to...
Technically speaking, DENT has been forming a descending triangle, which is a bearish pattern.
This pattern usually precedes a continuation of the current trend. Although, I'm here to offer a possibly different perspective.
I believe DENT may be ready to run fairly soon, and this is why.
Daily RSI is showing a possible double-bottom forming. (This one will have...
Psychology- it's a wonderful thing.
Did you know that between November 13th and December 18th, approximately 6.2-7M Bitcoins were dumped by the market?
(These are not unique Bitcoin, just TOTAL Bitcoin.)
The strongest daily RSI drop in the history of Bitcoin.
It was a warning.
Above, we have two Elliott...
Hello everyone! For teh Salesman's 100th idea and to celebrate 150k total profile views, I have decided to do a light analysis on a potential sleeper coin - ZRX!
ZRX has formed a minor falling wedge, and is showing a potential Adam and Eve double bottom WITHIN said wedge with significantly higher RSI. RSI levels on the 4h and daily are showing bullish divergence...
Currently Bitcoin is facing a 50/100 MA death cross on the weekly while inside of a big bearish pennant.
The last time this occurred was towards the end of the bear market in April of 2015. Upon the ACTUAL death cross of the 50/100 MA in 2015, Bitcoin only pierced the bottom of the support it was holding once before starting a multi-year...