One of the Palm beach 5 coins to 5 million, so be careful, open to false pumping no doubt. Nonetheless we have a breakout out of a falling wedge pattern following an oversold period. In addition the project appears to be making some progress to VISA card deployment, in what seems to be becoming a tightly fought for space. Weekly chart looks good - first target...
A very impressive Dragonfly DOJI is printed on the 4-day chart following a 75% correction. 1st target 3400 sats
Similar setup to DIA trade of recent, an easy 30% move to the upside and will probably happen soon. The inverse head and shoulders embedded in the classic ‘W’ shape formation we see in price action on the above 1-day chart during a consolidation period is one of my favorite risk / reward plays. Very little downside risk from here. In addition to the price action...
A 85% correction since mid-September and oversold condition (orange columns), there now exists an ‘incredible buy’ opportunity on the above 1-day chart. The RSI resistance trend line has been active since late August and has only recently been confirmed as support following a breakout. Currently price action finds support on the 21-day moving average during...
A 95% correction since early September and three following oversold conditions (orange columns), the above 1-day chart is now indicating an ‘incredible buy’ opportunity exists with a potential 45x return in Satoshi terms. A number of bullish indicators suggest price action is about to make a sudden move to the upside. Those include: 1) Regular bullish...
Look left! Two rules: 1) Price action is in a bull market 2) RSI was recently 80+ on the weekly chart The 21-weekly EMA (yellow line) is bull market support. Circled in black during the 2017 bull run we know when RSI was above 80 it corrected down to a RSI of 50 before price action touched the 21-week EMA. RSI is currently at 83 on the weekly. Enough said...
A nice easy 30% on the table with very little downside risk. On the above 1-day chart an inverse head and shoulders pattern is created by price action as RSI resistance breaks with higher lows on Stochastic RSI. Some alts are showing similar, CRV one example. But I stress not all alts do. Finally on the 5-day chart below a Dragonfly DOJI is printed. 1st target...
Following a near 70% correction since mid-August and oversold condition (orange column), the above 2-day chart is now indicating a reversal in price action is very probable. On the same chart above there is a clear as day Hidden bullish divergence between price action and the oscillators that follows a regular bullish divergence. I don’t know if a chart can be...
It is safe to say Michael Saylor has been public face for Bitcoin bulls recently, which has helped push Micro Strategy stock through the roof. The above weekly chart has just flashed a warning. A warning that price action is considerably overbought. The overbought condition (green column) has illuminated together with a break of Money Flow Index (MFI) support...
Ethereum is overbought and on the verge of hitting its previous all time high from January 2018 if not already. Currently price action has delivered a 1350% / 14x return in only 9 months. On the weekly chart above there is a number of indicators informing us price action is overbought with limited probability of further upside whilst the risk of downside is high....
I'm sure everyone is now knowing a big move is imminent. However the question is, which way is price action going to go? Studying BTC against the Euro helps a lot as I believe the dollar is seeing increased volatility (more than BTC!) against other currencies, and the Euro seems to provide stronger signals at the moment. Also the money flow index is a fascinating...
Why? 1) Moon boys on Youtube are at maximum annoyance levels. Euphoria is high, I have folks talking about BTC who never mentioned it before in their life. 2) Stochastic RSI is crossing down 80 on the above 1-=day chart following the overbought condition (green column). Is this the end? No - Bitcoin is in an uptrend. A strong bounce between $36-37k will mean...
*Swing trade opportunity* On the above 3-day chart a Gravestone DOJI is printed which is confirmed by the following red candles. Additionally the overbought condition is no longer illuminated as Stochastic RSI crosses down 80 (circled in black). 1st target $0.014
Following a 90% correction and oversold condition (orange column) an ‘incredible buy’ opportunity now exists. The Bollinger Band overlay is included on the above 1-day chart to illustrate how overextended price action is, 50% away from the mean (centre black line). This is ridiculous. Whether you’re looking to increase your Ethereum holdings or are long on...
*Swing trade opportunity* Following a significant rally and overbought condition (green column and dark green) on the above 4-day chart now indicates a 'incredible sell' opportunity is available. Furthermore the Stochastic RSI (black circle) is crossing down 80, price action is almost certain to collapse from here. 1st target is @ 3.5 cents until support.
Following a 70% correction (now 50%) and oversold condition, price action on the above 1-day chart is now printing a strong trend reversal. The higher lows in price action are also mirrored by the oscillators with higher highs in RSI and Stochastic RSI. Very bullish. 1st target $27 Should RSI support remain active (blue line) after target price is met then price...
48+ hours to go until the month end, however if price action does not dramatically improve in those remaining hours then the months ahead for XRP are very bleak. Some observations on the monthly chart above: 1) A bearish engulfing candle is forming. Price action must close above 24 cents to cancel out the bearish engulfing formation. 2) If (1) is confirmed, the...
Time to be careful. On the 1-day chart above BTC.D (D for dominance) is indicated as overbought (green column). Stochastic RSI is at 99.43!! (Out of 100) that is clearly bonkers. Money Flow Index (MF) is at 100.8 (how is that possible?!). Looking left MFI has never been here before for all of the BTC dominance history. Can BTC dominance continue to increase?...