mgreenfield

mgreenfield

Should be bullish after this consolidation

mgreenfield Updated 

I am still new to TA so I welcome any advice or criticisms. On the 4 hour there is a head and shoulder pattern that targets the 9000-9200 range. Volume is decreasing and there is a lot of resistance at the long term trend line, the neckline of the H&S, and also the Senkou A. So I'm doubtful that it has the strength to push through. The Kumo has also recently...

mgreenfield Updated 

Bounced off neckline and taking off. Target around $49

mgreenfield

Things are looking good for XME!

mgreenfield

The histogram on MACD is sloping down as BTC is rising and it looks like a crossover is imminent. Also the RSI is fairly high. Due for a pullback soon?

mgreenfield Updated 

Obviously Riot is still in a long term downtrend, but I'm seeing good signs of life here on the 1 hour. All Ichimoku indicators on 1 hour are bullish, Philakone EMA's are all bullish. This may be a good alternative to actually buying Bitcoin, it seems to follow its price fairly nicely.

mgreenfield Updated 

a. the price is below the Kumo, Tenkan-Sen and Kijun-Sen 
 b. the Tenkan-Sen has crossed down Kijun-Sen, below the Kumo c. the Chikou Span is below both Kumo, Tenkan-Sen, Kijun-Sen and price The only other condition that is not met yet is a thick Kumo cloud. It has twisted bearish however.

mgreenfield Updated 

This correction is far from over

mgreenfield

Closed under 200 EMA and Bearish Kumo twist on daily is not looking good for BTC

mgreenfield Updated 

Bearish trend is in effect, will become more bearish when Tenkan and Kijun also break below the cloud