Here is the grit:
Inverted head and shoulders pattern on 4hr time frame.
Bullish divergence on RSI.
MACD just crossed into bullish territory.
DMI is long along with ADX gaining momentum.
Suspect some resistance at 610. Selling half of position and setting a 2% trailing stop to sell the rest of the boat.
Not investment advice
EOS is trading in an ascending wedge pattern.
Price has already closed above the cloud on daily so all signs point to a breakout soon.
Many of the alts in the top 10 market cap have already seen substantial gains(i.e. ETH, TRX , ADA , LTC), which points to the probability that EOS at #5 market cap is bound to see some gains.
Entry: .0007075 BTC
Going to keep this description brief as I think the chart speaks for itself.
XLMBINANCE:XLMBTC has been trading in a range bound pattern for the majority of the past year.
The 6th largest cryptocurrency by market cap is now primed to make another large move upwards.
Price has tested the .00002900-.00003000 BTC level 5 times and has never closed below so...
HAPPY NEW YEARS TRADINGVIEW!
I figured what better way to start off the new year than to take full advantage of the current sell off in equity markets. In addition to some lucrative short plays, I am really loving the RR of getting into commodity markets.
It's a story as old as time really! Well, maybe not that old, but it is a repeating phenomenon as old as...
Decision time for Bitcoin.
Price needs to continue to consolidate with low volatility in order to form the 'handle' of the bullish "cup and handle pattern".
If this formation comes to fruition, Senkou Span B (upper cloud boundary of the Ichimoku Cloud ) will likely serve as a key support level for Bitcoin to pivot off of and continue upwards. Price would need...
The preceding chart (Path A) demonstrated how Bitcoin could be forming a bullish C&H pattern.
As there is two sides to every coin, this chart exhibits the bearish route Bitcoin could take.
If price rebounds and fails to break previous trend high of $4,170, then BTC will likely head south and retest the previous support level of $3,100.
~Bitcoin macro cycles~
2013 bear market highlights:
87% pullback from peak ($1,162 - $152)
Took roughly 400 days to bottom out
Price found support right above .88 Fib level
2018 bear market prediction:
If we assume correlation between historical
price action and future price action,
BTC will find its bottom at between $2,500-$2,700 in mid January of...
Its no secret that the past few months there has been little except FUD and sell action in the crypto market. Now BTC is pressing the infamous 200 day moving average. Will it push past and initiate a bull run or squad down and push lower toward 6k?
ICX is testing cloud resistance. AGAIN. History could very well repeat itself and bounce right of resistance and continue the bearish trend.
Another thing to keep in mind is BTC dominance climbing, with BTC swaying in the wind, no alts are safe.
Having said that, if ICX can break through the .0003450 BTC, sky is the limit.
Is third time the charm?
I really like this entry point for 3 reasons.
1) ADA bounced off and found support at the previous low. Note: previous low was due to sell off in crypto market, not so much an isolated problem with Cardano. Previously, when ADA hit this support level, the upward trend/recovery drew significant volume(obviously). This illustrates the potential