Hi traders! So we have seen quite a bit of downside for bitcoin and the current patterns for bitcoin haven't looked so great. Currently, our daily candles with the 20 day are below the 200 day moving average, and the 20 and 50 day moving averages are coming below the 200 and 100 moving averages respectively. The local pi cycle top also came in May for...
Hello traders, Using the trend based Fib extension on the daily timeframe I extended the possible Fib levels. However we are also seeing a bearish divergence on the RSI so look for the support zones for short term. We are currently trading in an upward channel which is also being supported by a Fib level at $1.04 USD. The next level below if both the channel and...
Hi traders, XRPUSD chart is looking bullish on the weekly chart with a bullish engulfing candle making the pole, along with the flag making and ascending triangle, hitting around the same resistance but creating higher lows. Stoch RSI also showing upward momentum. Expect a breakout around mid May or early June.
Hello traders and investors, This chart is an approximation of the timeframe and price of the next cycle top for Bitcoin. This chart uses the bitcoin logarithmic growth chart and date span to create an approximation of when we might hit the peak for this cycle. I used the logarithmic chart to measure the approximate growth rate of bitcoin, then I measured from...
On the daily chart we have closed below the 20 day MA and this will now become resistance. Next levels of support is around 0.0475 ish cents as supported by the previous candle closes and a close fib retracement level. We also have the 50 day MA as support if those fail. The biggest problem I see with DOGE right now is the stoch RSI has hung in the 20s/30s and...
Bitcoin to USD has hit the 20 day EMA and shows that it is oversold. However looking at the weekly chart we see the stochastic RSI about to cross bearish. We still have a little more room to go down.