Lower lows in price, higher lows in RSI/MACD. Think there will be a continued slide, but long term upside for the patient (or those currently accumulating).
Just another take on the altcoin winter we're currently in (using high volume coins such as Ethereum Classic, Cardano, and Ripple to get a read on the current trend). The graph looks extremely bearish to me. Think we're still firmly in distribution mode -- i.e. it's not time to start accumulating yet.
Think the alts market still has a lot of pain to suffer through. This formula takes a look at the geometric mean of a few high volume coins (Ethereum, Ripple, Binance) vs the BTC buying power of Tether. In general: this looks very bearish to me. Price might go up to touch the Kijun, but there's not nearly enough volume for this to be another huge run. If...
Was curious to look at what Bitcoin's likely trend is by checking out USDT charts. Doesn't look great for Tether on the four hour — which is good news if you're long on Bitcoin for the next couple weeks.
Entered the daily Ichimoku cloud recently, and there's a huge flat Kumo. Looks like ETH's USD value is poised to free fall vs BTC's USD value over the next few weeks.
RSI keeps inching up while BRD keeps creeping along under $1. Likely a longer term play, but it looks like accumulation to me.
Incorrectly described the Three Drives as a Skewed H&S. Think the real H&S is forming now. Hopefully we have one last gasp up past $11k and then tumble. Would guess there's a bunch of psychological support at $10k -- but the strongest line of support remains $8,900-ish. (Maybe we'll get some wick touches there?)
With RSI dropping, looks like the H&S is almost complete. Not sure if there will be psychological support at $10k again? Most of the previous support zones are around $8,900.
Think I see a small H&S forming on BTC/USD. It's not the cleanest-looking one -- but RSI and MACD are both dropping. Most of support is at $8,900-ish.
Think Monero is headed for a decline the next few days. H&S basically formed with descending volume and RSI.
RSI has bottomed out, descending volume (for the most part), would line up with a Kumo Breakout...
Looks ready to pop if the BTC Inverse H&S forms.
Think I see an Inverse Head and Shoulders would coincide with a Kumo Breakout?