BTC showed good bull run this week, but don't go FOMO just yet, wait for reversal and 8300 breakout.
Something to keep in mind. If TRX breaks the trend line which is also the neckline, we could the bottom very hard. For this we need a large volume breakdown below the neck line and stay under the neckline for at least one day.
Volume goes opposite direction then the price, RSI close to the resistance line , Price got rejected from 100EMA ---- A good shorting opportunity on reversal is incoming.
BTC is most likely to repeat the cyclical sequence and go to the retesting the trend line one more time. It is a short term sell signal for now. But the buy Signal will be generated if the price bounces of the support line. That is not a trading advice only idea.
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Tron have reached the bottom of the uptrend channel - now Trend is our friend. That is a good ~10% profit opportunity with a stop loss below the trend line.
We have seen a cup and handle break out for GOLEM, with a large volume. If the blue support holds, a nice profit can be expected in 7 day period.
WAN is really a crappy coin but we don't care since we want to take some profit from it's price swings. WAN formed a double bottom and now retesting one major resistance after which it can go to the next one with ~10% short term profit.
We are in strong bear market and the volume is very low. If we cannot break the psychological 600 usd line with considerable volume, then there are no signs of bullishness in the market. The possible scenario is most likely to follow the simple old uptrend without any strong FOMO peaks which we have seen in the market.
We have a nice uptrend i daily and that is all information there is needed. The Trend is our friend here. If the trend will be broken then GTFO from this trade because all cryptos and bitcoin are in very strong bear market.
Here is a one day chart of the BTQ (BT group) stock. All you need to know is on the chart. We are closing in to the 0.5 Retracement also to the 120 EMA. We have what appears to be a double bottom with a sudden increase in volume at the breakout point. If we do break the trend and 120 EMA it will be a good long position. Not a trading advice only an idea
We see what appears to be head and shoulders pattern. If break above neckline happens, a long position can be made with a target +9.
Looking at the 4h chart of ethereum.We see a symmetrical triangle formation pattern in ETHUSD. We just broke the triangle wall and violated the bearish trend line. The RSI shows increasing momentum but we still need to break the resistance line there. The horizontal blue lines are strong resistance lines. For now it is a weak buy signal with a stop loss inside...
We look at the 4 hour data of BTC. At the moment we are below the vwap and and also we crossed below the 50 EMA. Before the 50 EMA acted as a strong support, but not anymore. If we cannot get above the 50 EMA line we can experience strong drop in the price. Also important to mention is that we went below the ascending chanel line and from now on it will act as a...
So as we see, today somebody made a huge pump dump attempt on bitcoin cash( BCH) and monero (XMR). The Bitcoin cash still goes up because people believe that thisprice rally was real. Wake up guys, don't make long positions or you will lose your money. You can go short and make 10% profits in weeks as the bitcoin cash market settles down to previous lows.
A pump dump was detected with 17% increase and btc increased only 3% so we can make a short position and expect at least 14% drop in a week or so.