variousCryptos

variousCryptos

Looking at the daily for XRP. XRP still on a down trend. Wicked as low as .86! Looking at the daily though you can see the possibility of it coming back down to the previous trend line before resuming. Still a bullish pattern overall and if it does come down and touch the trend line a reasonable target would be the above line and near the 2.97 target. Overall...

variousCryptos

Lots of green being printed today. Before getting excited and taking long positions I would caution to wait a bit longer. BTC looks like its breaking out bullish from this pennant but it could be a trap. I'd wait for a retest of the upper resistance line before taking long positions. Will try and make an update on the daily chart to compare.

variousCryptos

BCD/BTC daily chart looks like it's forming a bull flag. Possible ABC correction wave within the flag. Looking at it in this perspective makes what happened on the 18th look like not-a-big-deal. If this pattern holds I would expect the MACD to start moving up and eventually cross in the next few days. It's currently riding just below the 20 day EMA. At the...

variousCryptos Updated 

BCD/BTC had a good day yesterday. Could be an annomoly given the overall market trend at the moment. Previous prediction was foiled by the BTC dump. The daily chart is mostly unchanged so looked at the 4 hour. Caution with the 4 hour as trends aren't as strong as the longer time frames and may be red herrings. Here though there may be a bottoming out on the...

variousCryptos Updated 

XRP was already in a correction phase when the BTC dump occurred. It looks like it may have just hastened the correction and we're back at the point of blast off once again. RSI has bottomed out and MACD is crossing. The previous impulse had us reach the top of the Fib-Extension. If XRP can do that again we could be heading towards 3.40 very soon. (over 100%...

variousCryptos

BTC forming a bear pennant. Making lower highs and lower lows. Broke below the daily 50 EMA. Expect price to fall from here and correction to ensue. Looking to find support at the 100 day EMA or at the 47k area. If it breaks below then 42k is still strong support. BTC will take a break for a little while and should come back strong for a push to 100k and...

variousCryptos

After staring at the BTC chart for way too long, it's still unclear which direction it wants to head. There's an argument to be made for continuation upward or a correction. Here are two of the scenarios I can see playing out. In one the price continues to fall and we have a correction now. This would probably take us to the 40-46k range. Though I think going...

variousCryptos

CAKE has officially broken out and has moved past it's previous all time high. It appears to be starting the third wave impulse. A large bullish candle for the day all but confirms it. Previously I had estimated a target of 33, but I think 38 is more accurate. (I had not set the fib-extension to log scale same as the chart) The chart itself looks beautiful and...

variousCryptos

I don't think the recent dump signals the end of the bull run, but as optimistic as I am I can't ignore the possibility this can be the start of a major correction. If the selling pressure continues and RSI falls lower we could be heading for a prolonged correction. The distance between the EMAs has slowly been narrowing and now we have come down to touch the 50...

variousCryptos

Lots of FUD given the recent BTC dump. Rightfully so as BTC has been on fire for the past several months and is due for a cool off period. The big question is whether that cool off period is starting now. Looking at the RSI and MACD on a daily chart shows BTC has been losing momentum for some time now. The RSI just touched on a trend that was started back in...

variousCryptos

Despite the BTC flash crash CAKE continues to look very strong. CAKE had a small hiccup when the sell offs happened but quickly rebounded and appears to be back on track. You can see in the Volume indicator there was strong buying pressure leaving CAKE mostly unscathed during the crash. It has made it's way back up to the previous trend line and looks like it...

variousCryptos

Here are two more examples that follow the same logic as my previous post. Leave thoughts or suggestions if you have any.

variousCryptos Updated 

How much further will XRP consolidate before continuing it's march to previous ATH? Bearish divergence seen in the RSI and the SMMA now acting as resistance where previously it was acting as support. Previous area of support around $1.34 if price does continue to move down.

variousCryptos Updated 

1INCH has been consolidating since it's most recent peak on 4/09. Looks like it is being squeezed into a bullish pattern after catching previous support line. A break above the upper resistance line along with positive RSI trend and MACD cross would confirm in my opinion.

variousCryptos

Analyzing the recent BTC correction using simple trend lines and RSI could have provided some clues leading up to the drop. Looking back at the correction which occurred on March 14th we can glean some clues. At the time BTC developed bearish divergence, increasing price action with decreasing RSI. A line of resistance formed on the RSI then a blow off top...

variousCryptos

CAKE looking like it wants to break out again. Close to a break above resistance levels on price action and RSI along with MACD cross. Bullish break out target of $35 target. Time to get a second helping of CAKE. Eat up!

variousCryptos

Could BCD/BTC pair be completing a bullish pennant with continuation to upside soon? An RSI break above 50 and MACD cross to the positive would be positive confirmation in my opinion.