Interestingly named perpetual future contract incubated by the bitmex related Alemeda research, tracks 50 low cap altcoins (aka shitcoins). In a descending channel near channel resistance with bearish divergences and falling volume. Down it goes, don't mind the gas.
Wow these theta people really worked a fomo in. Cash out now! going to 3 cents.
Broke down from a diamond pattern, now forming a head an shoulders and never managed to get over the green trendline which most coins are over at this moment.
You find this trendline on every coin. Some coins above it, some below it at this moment. I believe that those below it are the weakest. XRP is below that trendline
And inside the grid. Breakdown from this channel is confirmation of a bearish trend.
This great news can only be beaten by Tesla partnering with the Commodore VIC20, Elon musk's first computer. It's Alts mating season! Nothing special here, price hit the support of the descending channel and formed a bullish div. BTC pairs will have a lift due to the BTC's current weakness (mALT season), but they will dump harder when BTC really dumps.
Mini ALT season, due to the nice falling wedge, does it feel like ALT spring?
Can't show you the 15min chart, but it is a very nice bullish div. And everybody on youtube today is ultra bearish, which means one thing, a pullback, but bulls don't get your hopes up, it is just whales jerking everybody around.
Do these fib circle actually work? I got a nice fitting but what does it mean?
if you are blind, it's not my problem
Can't breath on it's own, put on a fed bailout respirator,regardless the patient's prognosis is dire: Bear flagging into major support now turned resistance and accumulating bearish divergences. Classic stairway up elevator down. By January 2021, IOTA will be delisted. I have extremely neutral view on iota and don't hold any position, I just read what the chart...
fell out of the ichi cloud retesting midterm trendline.
that it fell out of but found support on the ichi cloud. daily 100ema now the pertinent dynamic resistance and pressing down on price.
Reached the resistance of downward channel and the weekly ichimoku cloud.
Within a day there should be a big move. Currently price sits on the great triangle resistance now turned support, this is bullish. But it is within a triangle and price was rejected by the triangle's resistance yesterday. Indicators are slightly bearish. Hard to gauge at the moment which direction the impulse will be. Watch for signs of a start of an impulse and...
and price stagnated. Must wait for break out or rejection. Price still within broader triangle. At the moment price looks weak and the impulse has completed. Maybe sideways till tomorrow.